The Xiaomi incident went viral, with today's stock price dropping over 5%; Trump's "Liberation Day" is approaching | Review of today's important news

0401 ｜ Dolphin Research Focus:

🐬 Macroeconomics/Industry

1. In March, the Caixin China Manufacturing PMI rose to 51.2, an increase of 0.4 percentage points from February. The manufacturing sector in China accelerated its expansion in March, recording the best performance in nearly four months.

U.S. Treasury Secretary Mnuchin stated that President Trump will announce corresponding tariff measures on Wednesday at 3 PM (Beijing time, 3:00 AM the next day), which he calls "Liberation Day," a large-scale tariff plan that may cause significant market disturbances.

🐬 Individual Stocks

1. $Intel(INTC.US)

CEO Pat Gelsinger delivered his first public speech since taking office on Monday. He stated that Intel will divest its non-core businesses and focus on building an excellent chip foundry, listing products, and wafer foundry as Intel's two "urgent priorities." He also mentioned that the U.S. federal government is seeking to maintain America's leading position in the semiconductor field, and the Trump administration is prepared to assist Intel.

2. $XIAOMI-W(01810.HK)

At 10:44 PM on March 29, a Xiaomi SU7 standard version was involved in a serious traffic accident on the Chiqi section of the highway, resulting in three deaths. The incident quickly trended on social media, raising questions about the safety of Xiaomi's autonomous driving technology. With Xiaomi's valuation already at a high level, the stock price fell more than 6% in the afternoon.

3. $Tesla(TSLA.US)

Elon Musk announced that he will resign from his position at the U.S. Department of Efficiency (DOGE) by the end of May 2025, which may signify the end of the goal to "reduce the federal deficit by $1 trillion." Musk has expressed confidence in achieving this goal before his departure. Since supporting Trump, Tesla's stock price has dropped 45% from its peak in December 2024, and public perception of Tesla in the U.S. has begun to turn negative. If Musk does resign, it could allow for a renewed focus on Tesla and improve the company's operational efficiency.

🐬 Leading Sectors

Shanghai and Shenzhen: Pharmaceuticals, biotechnology, life sciences tools and services; Hong Kong Stocks: Office services and supplies, recreational facilities such as sports venues, insurance brokerage firms;

U.S. Stocks: Tires and rubber, multi-line insurance, precious metals and minerals.

🐬 Tomorrow's Focus

1. Moutai will announce its financial report, and Dolphin Research will track and provide interpretative analysis;

2. U.S. ADP employment numbers, U.S. factory orders month-on-month.

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