Google announces that the Android system will no longer be open source; tariff news stirs the market | Today's important news review

0327 ｜ Dolphin Research Key Focus:

🐬 Macroeconomics/Industry

1. Last night, Trump signed an executive order at the White House, announcing a 25% tariff on all imported cars, with the measures set to take effect on April 2. Tariffs will not apply if the cars are manufactured in the United States. This news has further heightened trade tensions and impacted major automakers from Japan, Germany, and South Korea. Asian automotive stocks fell sharply in response. Although the Hong Kong stock market showed some recovery today, the risk of tariff spillover remains a concern.

🐬 Individual Stocks

1. $BABA-W(09988.HK)

Alibaba has released the latest flagship model Qwen2.5-Omni from its Tongyi Qianwen series. This end-to-end multimodal model is designed for a wide range of multimodal perception, capable of processing various inputs such as text, images, audio, and video, while providing real-time streaming responses through text generation and voice synthesis. Developers and enterprises can currently download the commercial version of Qwen2.5-Omni for free, and it can also be deployed on smart hardware such as mobile phones. Alibaba's stock rose by 1.39% today.

2. $Tesla(TSLA.US)

After the Trump administration announced a 10% tariff on Canadian aluminum, the Canadian government responded by excluding Tesla from the federal electric vehicle subsidy program (iZEV) future beneficiary list and freezing subsidy payments that had been applied for but not yet disbursed. Under the impact of the tariff war, Tesla's stock fell over 5% last night.

3. $Alphabet(GOOGL.US)

Google has confirmed that it will stop maintaining the Android Open Source Project (AOSP), and all future Android development work will no longer be public but conducted internally at Google. The previously public Android codebase may also gradually be closed. This will have a certain impact on manufacturers that rely on the Android system for customization and development, while domestic operating systems will have more opportunities to gain a foothold in the market.

1. Core Focus on Earnings Report Interpretation and Conference Calls

Pop Mart:《 Pop Mart: Going Global! Pop Mart is "Racing" Ahead》、《 Pop Mart (Minutes): Sales growth not less than 50% by 2025》

🐬 Leading Sectors

Shanghai and Shenzhen: Motorcycle manufacturers, life science tools and services, distributors;

Hong Kong Stocks: Diversified financial services, sports equipment, and other leisure products, research and consulting services;

U.S. Stocks: Retailers of computers and electronic products, diversified support services, and household cleaning products.

🐬 Attention for Tomorrow

1. China Duty-Free Group and Xindong will announce their financial reports and Dolphin Research will track and provide interpretative analysis;

2. U.S. personal spending month-on-month, U.S. core PCE price index month-on-month, U.S. core PCE price index year-on-year, U.S. one-year inflation expectation final value.

The risk disclosure and statement of this article: Dolphin Research Disclaimer and General Disclosure