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Bank stocks are at a new high again! How does the public fund performance benchmark assessment affect the allocation of bank stocks?
Industrial Securities stated that the performance benchmarks focus on actively managed equity funds, including the CSI 300 Index. By the end of 2024, the proportion of bank Hold Positions in actively managed funds is expected to be 3.81%, while the weight of the bank Sector in the CSI 300 Index is as high as 13.67%, resulting in a deviation of nearly 10 percentage points. Among these, stocks such as CM BANK, Industrial Bank, Industrial And Commercial Bank Of China, Bank Of Communications, and Shanghai Pudong Development Bank have an even greater under-allocation ratio.
Major Bullish news? The White House 'AI Czar': The USA does not need to restrict chip exports to allies!
① David Sachs, the "Tsar" of AI and Cryptos at the White House, stated on Tuesday that the USA does not need to stop the Global spread of its AI Chips and technology to manage National Security risks; ② A few days ago, the Trump administration announced plans to lift the restrictions on advanced AI Chip exports imposed during the Biden era, namely the "Framework for Export Controls on AI Diffusion."
The bullish outlook from the China-US trade has ignited the enthusiasm of buyers, causing the Market Cap of the "Seven Giants" in the US stock market to soar by 6 trillion overnight!
① On Monday, following the agreement between China and the United States to mutually lower tariffs, the US stock market surged significantly; ② the Market Cap of the Magnificent 7 skyrocketed by 837.5 billion USD (approximately 6 trillion RMB), marking the largest increase since April 9. ③ Analyst Ives from Wedbush predicts that the US stock market and Technology stocks will reach new highs in 2025.
U.S. stock market close: The Nasdaq surged over 4%, Chinese concept stocks performed even stronger, and the Golden Dragon Index outperformed the Large Cap.
① High-level economic and trade talks between China and the U.S. exceeded expectations, boosting U.S. stocks; ② Both the S&P and Nasdaq hit new closing highs since March 3; ③ NVIDIA rose over 5%, with its Market Cap returning to above 3 trillion; ④ Trump: Will investigate pharmaceutical companies if necessary.
Shares of Banking and Financial Services Stocks Are Higher After the US and China Agreed to a Temporary Reduction in Most Tariffs on Each Other's Goods. A Reduction in Tariffs Could Alleviate Macro Uncertainty in the Lending and Deal Environment.
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Trump's tariffs triggered a wave of emergency Orders! Taiwan Semiconductor's revenue surged by 48% in April.
① In April, Taiwan Semiconductor's sales amount to 349.57 billion New Taiwan dollars, a year-on-year increase of 48.1%, with revenue for the first four months of this year showing a year-on-year growth of 43.5%; ② The impressive monthly report shows that global electronics companies are racing to procure key components before the USA tariffs take effect; ③ Despite facing challenges from the trade war initiated by the Trump administration and fluctuations in Exchange Rates, Taiwan Semiconductor remains optimistic about future demand.