Beijing time on April 9th news, investors reacted to the Fed’s aggressive interest rate hike this week and began to shrink its balance sheet. The 10-year US Treasury bond rate rose to a three-year high, and US stocks were mixed. As of the close, the Dow rose 137.55 points, or 0.4%, to close at 34,721.12 points; the S&P 500 fell 11.93 points, or 0.27%, to close at 4,488.28 points; the Nasdaq fell 186.3 points, or 1.34%, to close at 13,711 point.
Most of the popular Chinese concept stocks fell, among which Bilibili fell by nearly 7% and Xiaopeng Motors fell by more than 3%.
Major U.S. tech giants all fell:
▲ Major US technology giants
Most of China’s major tech stocks fell:
▲ China’s major technology stocks
China concept stock price
Other Chinese concept stocks that rose include:
▲ Other Chinese concept stocks that have risen
Companies that fell include:
▲ Other Chinese stocks that fell
▲ Zhihu launched the global issuance of 26 million Class A ordinary shares
Zhihu disclosed today that it has launched a global issuance of 26 million Class A ordinary shares after the market close 90% of the issued share capital), and announced that it would be listed on the main board of the Hong Kong Stock Exchange by dual listing, with the stock code of 2390.
▲ Zhihu Hong Kong issue price is not higher than 51.8 Hong Kong dollars
According to the over-subscription situation, the number of shares to be issued in the Hong Kong Special Administrative Region can be raised to a maximum of 13 million shares, accounting for 50% of the total issued share capital. In addition, the selling shareholders granted the international underwriters an over-allotment option to sell up to an additional 3.9 million Class A ordinary shares.
The issue price in the Hong Kong Special Administrative Region will not be higher than HK$51.8 per Class A ordinary share, and the issue price in the international market may not be lower than the issue price in the Hong Kong Special Administrative Region.
US/Foreign tech stocks
Other foreign tech stocks that rose included:
▲ Other foreign tech stocks that rose
Companies that fell include:
▲ Other foreign tech stocks fell
▲ Deutsche Bank: Apple hardware subscription service upgrades for users iPhone speed up
Deutsche Bank analyst Sidney Ho (Sidney Ho) published an investment report on Friday local time, saying that the rumored hardware subscription service could boost Apple’s profits by increasing the frequency of users to upgrade their devices, “However, in our view, more than The short-term boost to earnings per share is more importantly, restoring expectations that consumers will upgrade the frequency of their iPhones, prompting more consumers to try Apple’s other subscription services.”
▲ Few iPhone users switch Android
Sidney Ho said that because few iPhone users switch to Android, Apple’s iPhone revenue is already highly cyclical, “if hardware subscription services gain enough users, because investors will give more traditional recurring revenue business models. Apple’s stock price will rise at a high valuation.” He maintained a “buy” rating on Apple stock with a $210 price target.
Morgan Stanley analyst Katy Huberty (Katy Huberty) published an investment report on March 28, saying that hardware subscription services will prompt investors to believe that Apple’s business model will change from one-time sales to recurring sales. A better way to “monetize” the more than 1 billion existing users, “for as little as $1 a day, users can enjoy Apple hardware and services. People may be more willing to pay for the technology platform that controls their lives.”
▲ Musk tweet: Tesla may end up smelting lithium in person
Elon Musk (Elon Musk) said via Twitter on Friday local time that Tesla may directly intervene in lithium mining and smelting operations on a large scale because the price of lithium has risen to a very high level, “Lithium prices have risen to crazy levels, The metal itself is not scarce, it is distributed in various regions, but mining/smelting is slow.”
▲ Lithium battery of Tesla electric car
Musk made the remarks in response to a tweet about rising lithium prices over the past 20 years. Lithium prices have risen more than 480% in the past year, according to market research firm Benchmark Mineral Intelligence. According to the U.S. Geological Survey, the United States is quite rich in lithium. Lithium is extremely important for EV batteries because it is the lightest metal and the least dense solid-state substance, which means that lithium batteries have a high energy-to-weight ratio, which is critical for vehicles.
The tweet isn’t the first time Musk has revealed Tesla’s own idea of smelting lithium. Tesla has won the rights to smelt lithium in Nevada after a failed deal to buy a lithium smelting company, Fortune reported, citing people familiar with the matter.
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