The storm has temporarily subsided, will the situation reverse? | Review of today's important news
0410｜ Dolphin Research Key Focus:
🐬 Macroeconomics/Industry
1. Trump's "tariff attitude" has undergone a significant reversal, authorizing a 90-day tariff suspension for countries that do not retaliate. A White House spokesperson stated that tailored negotiations will continue. U.S. stocks staged a violent rebound last night, and gold prices surged. It is worth mentioning that U.S. Treasuries faced a fierce sell-off after the tariffs were implemented, reaching a perilous moment, but after Trump's attitude reversal, the decline was barely halted and began to recover, avoiding a "collapse" predicament. Today, the markets in Hong Kong and A-shares also rebounded across the board, with the Shanghai Composite Index returning to 3,200 points. Although the situation has temporarily eased, vigilance is still needed for potential changes ahead.
🐬 Individual Stocks
1. $NVIDIA(NVDA.US)
It has been reported that the U.S. has changed its plan to restrict NVIDIA from exporting H20 to China and has suspended further restrictions on this chip export. The U.S. export control plan for chips was originally expected to be implemented as early as this week. This change occurred after the Trump administration promised new investments in artificial intelligence data centers. Coupled with the easing of tariff impacts, NVIDIA rose 18.72% last night.
2. $Amazon(AMZN.US)
Amazon officially launched its next-generation generative AI voice model, Nova Sonic, marking a significant breakthrough in the field of AI voice technology. This model has significant cost-effectiveness advantages, being approximately 80% cheaper than OpenAI's GPT-4o. Amazon emphasized that it is "the most cost-effective AI voice solution currently on the market."
3. $Taiwan Semiconductor(TSM.US)
The company reported March revenue of NT$285.96 billion, a year-on-year increase of 46.5%; first-quarter revenue was NT$839.25 billion, a year-on-year increase of 41.6%. The overall data for March is good, but what is now more concerning is the pressure from the U.S. Trump not only criticized the Biden administration's subsidies to TSMC at the previous Republican National Committee meeting but also threatened that "if the company does not build factories in the U.S., it will face tariffs of up to 100%." However, the high costs of building factories in the U.S. remain a significant issue
🐬 Leading Sectors
Shanghai and Shenzhen: Footwear, trading and payment services, kitchenware;
Hong Kong Stocks: Consumer electronics, tobacco, insurance brokerage firms;
U.S. Stocks: Semiconductor manufacturers, airlines-passenger transport, automobile manufacturers.
🐬 Attention for Tomorrow
1. U.S. PPI month-on-month, U.S. PPI year-on-year, U.S. one-year inflation rate expectation preliminary value.
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