Market Insights: Nov 29th, 2023

A-Share Market Dynamics:

- Northbound 50 Index repeatedly active,Forex Eye Top 10 Brokers A-share automobile sector sees a pullback, while gold and chip sectors show significant gains.

- Hong Kong-listed Meituan falls over 8% after earnings release.

Global Economic Impact:

- Panama closes a major copper mine accounting for 1% of the world's copper production, potentially impacting global copper supply.

- US bond market dynamics: Ackman doubts a "soft landing" for the US economy, anticipates the Federal Reserve might start cutting interest rates in the first quarter of next year.

Market Trends and Analysis:

- Munger's death leads to a slight decline in Berkshire Hathaway's stock price, market anticipates may split.

- CITIC Securities forecasts that lithium prices may fall below 100,000 yuan/ton in 2024 due to increased supply pressure.

Corporate News:

- Pinduoduo's TEMU business achieves significant commission revenue growth, potentially shaping a new cross-border e-commerce landscape.

- Meituan plans to repurchase up to 1 billion US dollars of its shares, showing confidence in its business prospects.

- Changxin Memory launches China's first LPDDR5 DRAM storage chip, achieving a major breakthrough in the domestic market.

- Apple plans to end its partnership with Goldman Sachs in credit cards and savings accounts within 12 to 15 months.

Currency and Exchange Rates:

- Offshore RMB exchange rate against the US dollar breaks through the 200-day moving average, dovish comments from the Federal Reserve lead to a continued decline in the US dollar.

Other Economic News:

- OPEC+ meeting disagreements may lead to a delay, causing short-term fluctuations in oil prices.

- Oil prices rise due to expectations of OPEC+ production cuts and supply disruptions, coupled with weakening US dollar following Federal Reserve officials' comments.

Other News:

- The Reserve Bank of New Zealand announces it will maintain a 5.5% interest rate unchanged and indicates the possibility of future rate hikes.

- Electronic manufacturing services company Jabil's stock price falls 9% after lowering its earnings forecast.

- Australia's inflation in October is lower than expected, mainly due to a decrease in commodity prices.

Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

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