Evening hot topics in A shares | The Central Committee of the Communist Party of China and the State Council issued a statement! It is related to the construction work of the free trade zone.

date
21/04/2025
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GMT Eight
Construction of free trade zones receives top-level catalysis.
Strengthen the product quality management system; reinforce product safety design, clarify system functions boundaries and security response mechanisms.2. Standardize marketing and advertising behavior. Eliminate false advertising and excessive marketing, avoid using vague or misleading expressions, ensure that the functions are named scientifically and rigorously, and prevent drivers from using or abusing risks. 3. Fulfill disclosure obligations effectively. Companies should establish a mechanism for informing users about the combination of driving assistance function products. 1. US stocks open low and go low: Nasdaq falls 2%, large tech stocks generally fall US stocks opened lower across the board and then fluctuated lower. As of 22:00, the Dow fell 1.42%, the Nasdaq fell 2%, and the S&P 500 fell 1.52%. Large tech stocks generally fell, with Nvidia, Amazon, Meta, and Apple falling by more than 2% and Tesla falling by more than 4%. The company delayed its plans to manufacture the affordable version of the Model Y in the United States. 2. Breaking through two levels in a row! Why did the US dollar plummet? Institutions interpret At the opening on April 21 at 6:00 Beijing time, the US dollar index fell below the 99 level, then fluctuated weakly between 98 and 99. By around 15:58 Beijing time, the US dollar index fell below the 98 level for the first time since March 2022. Analysts believe that the main reason for the continuous pressure on the US dollar is the weakening of the US economic fundamentals and the impact of tariffs causing funds to leave US assets. Zhao Wei, chief economist at Shenwan Hongyuan Group Securities, believes that before April 7, the main reason for the weak US dollar was the rising expectations of a US recession, with funds seeking refuge under tariff impact, flowing to US bonds, etc.; since April 7, US bond yields have rebounded, but the US dollar is still weakening, perhaps because overseas funds are "escaping from America," with some investors selling US bonds and returning to Europe and Japan. Digging deeper, this round of decline in the US dollar index reflects that cracks have appeared in the credit level of the US dollar. 3. Global economic "canary" sounds the alarm! Trump tariffs have begun to harm international trade South Korea's export data, hailed as the global economic "canary," shows that with the implementation of Trump's aggressive trade protectionism policies, this export-oriented economy is suffering and has sounded the alarm for countries around the world. Data released by the Korea Customs on Monday showed that in the first 20 days of April, the export value of this fourth-largest economy in Asia decreased by 5.2% compared to the same period last year, a sharp contrast to the 5.5% growth in March. Senior economist Min Joo Kang of ING pointed out in a report that as a barometer of global trade health, early indicators in South Korea indicate that Trump's tariffs have begun to harm international trade, with its impact spreading to South Korea and other regions. In addition, investment opportunities such as precious metals concepts are worth paying attention to. 1. Spot gold rises to a record $3400 per ounce The price of gold is unstoppable, with spot gold successfully surpassing $3400 per ounce for the first time in history, rallying over $70 in a single day and rising nearly 30% year-to-date. Northeast pointed out that in the face of tariff disturbances, the Fed seems to be insignificant, but the existence of a subsequent interest rate cut cycle is still an important guarantee for the rise of the gold price (although it is no longer a catalyst). From recent Fed officials' speeches, it is generally acknowledged that long-term inflation expectations are still stable, there is no need for rate hikes, posing little threat to the gold price; at the same time, the Fed is temporarily not cutting interest rates, that is, it does not change the trend of the economy towards stagnation, reducing the possibility of a soft landing, providing the best support for the gold price. Related targets include Zijin Mining Group, Shandong Gold Mining, Shanjin International Gold, Chifeng Jilong Gold Mining, Hunan Gold Corporation, Zhongjin Gold Corp., Ltd, Western Region Gold, ZHAOJIN MINING, Pengxin International Mining, LINGBAO GOLD, TONGGUAN GOLD, etc. In addition, the following sectors should also be watched: 2. Siasun Robot&Automation | Tesla's Siasun Robot&Automation begins large-scale recruitment. 3. Games | State Administration of Press and Publication: 118 games were approved in April. 4. Real Estate | Hangzhou: Vigorously support employees' housing provident fund for the purchase of affordable housing, increase the withdrawal of housing provident fund for renting. In terms of positive announcements, Ziyo Ge suggests paying attention to China Communications Construction's plans to repurchase and increase its holdings; in terms of negative announcements, pay attention to Gansu Guofang Industry & Trade's warning about speculative trading risks in the past 12 days.Io-medicine: Revised performance forecast for 2024, company stock may be subject to delisting risk warning.4. Allwin Telecommunication: The company's stock trading may be subject to delisting risk warning 5. Jiangxi Guoguang Commercial Chains with 6 consecutive trading days of price increases: There is a high speculation risk in the short term 6. Greenland Holdings Corporation: Received an administrative regulatory decision letter requiring the company and senior executives, including Zhang Yuliang, to make corrections and issue a warning letter 7. Sanjiang Shopping Club: Alibaba Zetai plans to reduce its stake in the company by no more than 3%