GMT EIGHT - Market

US Stock Market Move | Bitcoin concept stocks rise, Strategy (MSTR.US) up over 5%

On Tuesday, stocks related to Bitcoin surged. As of the time of writing, CleanSpark (CLSK.US) rose over 6%, MicroStrategy (MSTR.US) rose over 5%, Coinbase (COIN.US) rose over 1.3%, MARA Holdings (MARA.US) rose over 1.8%, and Riot Blockchain (RIOT.US) rose over 3.4%. Bitcoin rose over 3%, reaching $85,398.1.

01/04/2025

US Stock Market Move | DADA.US rose more than 3% and signed the final agreement for a privatization deal with JD.com, Inc. Sponsored ADR Class A.

On Tuesday, Dada (DADA.US) rose more than 3%, to $1.92. In terms of news, Dada announced today that they have signed an agreement and merger plan with their parent company JD Sunflower Investment Limited and its wholly-owned subsidiary JD Sunflower Merger Sub Limited. Merger Sub will be merged into Dada, which will become the surviving company and a wholly-owned subsidiary of the parent company. The parent company is fully owned by JD.com, Inc. Sponsored ADR Class A. Once the merger is completed, Dada's ADS will be canceled. The Dada board special committee unanimously approved the transaction, with the completion expected in the second quarter of 2025.

01/04/2025

US Stock Market Move | Jefferies downgrades three of the four major airlines, American Airlines shares fall.

On Tuesday, American Airlines Group Inc. stocks fell across the board, with American Airlines Group Inc. (AAL.US) dropping by 2.8%, Delta Air Lines, Inc. (DAL.US) by 3.78%, Southwest Airlines Co. (LUV.US) by over 4%, and United Airlines (UAL.US) by 2.64% at the time of writing. In terms of news, earlier Jefferies Financial Group Inc. analysts downgraded the ratings of three out of the four major airlines, citing "consumer confidence remaining below expectations." The investment bank lowered the ratings of American Airlines Group Inc. and Delta Air Lines, Inc. from "buy" to "hold," and downgraded Southwest Airlines Co. to "underperform." This rating adjustment comes after Delta, Southwest, and American Airlines Group Inc. had all previously downgraded their first-quarter performance expectations due to uncertainties in the macroeconomic environment and the impact of extreme weather conditions. Jefferies Financial Group Inc. predicts that with the upcoming tariff policy taking effect this week, there may be further downward revisions to the full-year guidance for all airlines. United Airlines is the only one of the four major airlines maintaining a "buy" rating, with Jefferies Financial Group Inc. noting its "growth opportunities beyond 2025" and "industry-leading strategies" as advantages.

01/04/2025

US Stock Market Move | Multiple popular Chinese concept stocks are rising. HSAI.US (Hesai) is up more than 20%.

On Tuesday, several popular Chinese concept stocks rose, with Hesai (HSAI.US) up over 20%, Niu Technologies Sponsored ADR Class A (NIU.US), China Yuchai International Limited (CYD.US) up over 6%, and NIO Inc. Sponsored ADR Class A (NIO.US) up over 4%.

01/04/2025

US Stock Market Move | New energy vehicle stocks rise, Rivian (RIVN.US) up 7.6%

On Tuesday, electric vehicle stocks rose. As of the time of writing, Rivian Automotive (RIVN.US) was up 7.6%, Tesla, Inc. (TSLA.US) was up 5.45%, NIO Inc. Sponsored ADR Class A (NIO.US) was up 4.5%, XPeng, Inc. ADR Sponsored Class A (XPEV.US) was up 2.3%, and Li Auto, Inc. Sponsored ADR Class A (LI.US) was up 1.8%.

01/04/2025

US Stock Market Move | 111, Inc. Sponsored ADR Class A (YI.US) rose more than 8%, achieving full year profitability for the first time in 2024.

On Tuesday, 111, Inc. Sponsored ADR Class A (YI.US) rose more than 8%, reaching $8.79. According to financial reports, in 2024, 111, Inc. Sponsored ADR Class A achieved revenue of 14.4 billion yuan, Non-GAAP operating profit of 22.3 million yuan, and GAAP operating profit of 2.1 million yuan. The company recorded its first annual operating profit and achieved positive operating cash flow of 263 million yuan for the first time in a year.

01/04/2025

US Stock Market Move | NIO Inc. Sponsored ADR Class A (NIO.US) rose more than 3% in March, with new car deliveries increasing by 26.7% compared to the same period last year.

On Tuesday, NIO Inc. Sponsored ADR Class A (NIO.US) rose more than 3% to $3.95. In terms of news, in March 2025, NIO Inc. Sponsored ADR Class A delivered 15,039 vehicles, an increase of 26.7% year-on-year; a total of 42,094 vehicles were delivered in the first three months of this year, a year-on-year increase of 40.1%; as of March 31, 2025, the cumulative delivery volume reached 713,658 vehicles.

01/04/2025

US Stock Market Move | Intel Corporation (INTC.US) fell nearly 3% as the company's 1.8nm process yield rate is only 10%.

On Tuesday, Intel Corporation (INTC.US) fell nearly 3% to $22.05. It is reported that Intel Corporation had claimed that its Intel 18A (1.8nm) CPU in Panther Lake and Clearwater Forest had successfully started up and was in good condition. However, recent news suggests that the yield of this process is only 10%. Nevertheless, Intel Corporation's new CEO, Chen Liwu, stated that the 18A process technology is still progressing as planned, approaching the first batch of external wafer starts, and it is expected that the Panther Lake processor using this process will start mass production in the second half of this year. Additionally, Chen Liwu stated on Monday that he will divest assets that are unrelated to the company's mission and develop new products, including custom semiconductors, to better align with customers. However, he did not specify which of Intel Corporation's businesses he believes are no longer core to its future. He also mentioned that due to the US federal government seeking to maintain America's leadership in the semiconductor field, the Trump administration is prepared to assist Intel Corporation.

01/04/2025

US Stock Market Move | ECARX Holdings, Inc. (ECX.US) increased by nearly 6%, completing a $45 million public offering for refinancing.

On Tuesday, ECARX Holdings, Inc. (ECX.US) rose nearly 6% to $1.335. On the news front, on April 1st, ECARX Holdings, Inc. announced that the company completed a $45 million public offering, marking the company's first public offering since its listing on Nasdaq in December 2022, and the first automotive technology company to go public on the US stock market through a DeSPAC since 2022 through a public offering. According to the plan, the funds raised this time will be used for ECARX Holdings, Inc. to accelerate the construction of a global R&D system, establish overseas supply chains, and for general corporate purposes. Financial reports show that the company's revenue reached 5.56 billion yuan in 2024, an 18% increase year-on-year; shipments exceeded 2 million units, a 33% increase year-on-year; and gross profit margin was 21%.

01/04/2025

US Stock Market Move | Hesai (HSAI.US) rose more than 8%, helping RoboSense deploy a thousand autonomous vehicles in Dubai.

On Tuesday, Hesai (HSAI.US) rose more than 8% to $16.02. On the news front, on March 28, RoboFast announced the first large-scale testing and service of autonomous driving in Dubai for the city center, deploying over 1000 fully autonomous cars in Dubai, each equipped with 4 Hesai LiDAR sensors. Hesai Group Sponsored ADR delivered over 100,000 LiDAR units in December last year, becoming the first LiDAR company to achieve a monthly delivery volume of over 100,000 units. By 2025, Hesai plans to have an annual production capacity exceeding 2 million units. Hesai CEO and Co-founder David Li said, "Our LiDAR solution continues to be the preferred choice for leading global autonomous driving platforms, demonstrating outstanding range, resolution, and reliability, all of which are key components for safe autonomous operation in complex urban environments. As Apollo Go introduces this groundbreaking technology in Dubai, we are proud to support the next chapter of autonomous travel worldwide."

01/04/2025

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