Major tech stocks saw widespread gains, with chip stocks leading the charge.<\/p>\n
AMD surged nearly 10% after unveiling its new MI300 series AI chips, boasting over 1.5 trillion transistors\u20142.4 times the memory of NVIDIA\u2019s H100.<\/p>\n
Google soared over 5% after announcing its next-generation AI model Gemini, touted as their \u201clargest and most versatile AI model to date.\u201d<\/p>\n
Other tech giants like Micron Technology, NXP Semiconductors, NVIDIA, Qualcomm, and Intel also surged over 2%.<\/p>\n
Mixed movements were observed in the hot Chinese concept stock market.The Nasdaq Golden Dragon China Index dipped by 0.10%.<\/p>\n
iQIYI surged over 4%, while Bilibili, Baidu, and NetEase saw gains over 2%. On the flip side, XPeng and NIO dropped over 3% and 4% respectively.<\/p>\n
Technical Analysis:\u00a0\u00a0\u00a0<\/strong><\/p>\n (S&P 500 Index, 1-day chart)<\/p>\n Market Trends:<\/strong><\/p>\n Fundamental Analysis:<\/strong><\/p>\n The Hong Kong market saw mixed movements among the three major indices.<\/p>\n Core tech stocks had a divided performance, with Meituan dropping nearly 1% while Tencent Holdings slightly declined.<\/p>\n Conversely, Baidu, Alibaba, and JD.com saw gains over 1%. Automobile stocks witnessed collective declines, with Yadea Group and NIO both dropping over 4%.<\/p>\n Tencent Holdings fell by 0.52%.<\/p>\n Regulatory filings revealed that Tencent\u2019s major shareholder, South African Naspers Group\u2019s Dutch subsidiary Prosus, continued its buyback plan, selling 513,500 shares of Tencent common stock on December 7th, reducing its stake to 24.99%.<\/p>\n Technical Analysis:\u00a0\u00a0<\/strong><\/p>\n (Hang Seng Index, 1-day chart)<\/p>\n Market Trends:<\/strong><\/p>\n Fundamental Analysis:<\/strong><\/p>\n The three major A-share indices showed mixed movements at the opening, with a slight rebound during the early trading session.<\/p>\n However, the Sci-Tech Innovation 50 Index performed notably well, surging over 1%.<\/p>\n Sectors like gas, electronic components, communication equipment, semiconductors, and optoelectronics saw upward movements,<\/p>\n Meanwhile, real estate services, textiles, real estate development, education, department stores, and automobile manufacturing faced declines.<\/p>\n Themes such as CPO concepts, optical communication modules, high-bandwidth memory, computing power concepts, mixed reality, and AI chips remained active.<\/p>\n Technical Analysis:<\/strong><\/p>\n (SSE Composite Index, 1-day chart)<\/p>\n Market Trends:<\/strong><\/p>\n Forward-looking Statements\u00a0\u00a0\u00a0<\/strong> Doo Prime has provided these forward-looking statements based on all current information available to Doo Prime and Doo Prime\u2019s current expectations, assumptions, estimates, and projections. While Doo Prime believes these expectations, assumptions, estimations, and projections are reasonable, these forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond Doo Prime\u2019s control. Such risks and uncertainties may cause results, performance, or achievements materially different from those expressed or implied by the forward-looking statements.\u00a0\u00a0\u00a0\u00a0<\/em><\/p>\n Doo Prime does not provide any representation or warranty on the reliability, accuracy, or completeness of such statements. Doo Prime is not obliged to provide or release any updates or revisions to any forward-looking statements.\u00a0\u00a0\u00a0<\/em><\/p>\n Disclaimer\u00a0<\/strong> The U.S. market closed higher on Thursday, led by a surge in tech stocks. The Nasdaq rose nearly 1.4%, while the Dow and S&P 500 reversed their previous three-day downward trend. Initial jobless claims from last week were in line with expectations. Eyes remain on Friday\u2019s impending release of nonfarm payroll data. Traders shrugged off […]<\/p>\n","protected":false},"author":1,"featured_media":3036,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":["post-3278","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-stock-markets"],"yoast_head":"\n![\"\"](\"https:\/\/i0.wp.com\/www.dooprimenews.com\/wp-content\/uploads\/2023\/12\/SP500-5.png?resize=800%2C495&ssl=1\")
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Hong Kong Stocks<\/h2>\n
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FTSE China A50 Index<\/h2>\n
![\"\"](\"https:\/\/i0.wp.com\/www.dooprimenews.com\/wp-content\/uploads\/2023\/12\/A50-5.png?resize=800%2C495&ssl=1\")
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\nThis article contains \u201cforward-looking statements\u201d and may be identified by the use of forward-looking terminology such as \u201canticipate\u201d, \u201cbelieve\u201d, \u201ccontinue\u201d, \u201ccould\u201d, \u201cestimate\u201d, \u201cexpect\u201d, \u201chope\u201d, \u201cintend\u201d, \u201cmay\u201d, \u201cmight\u201d, \u201cplan\u201d, \u201cpotential\u201d, \u201cpredict\u201d, \u201cshould\u201d, or \u201cwill\u201d, or other variations thereon or comparable terminology. However, the absence of such terminology does not mean that a statement is not forward-looking. In particular, statements about the expectations, beliefs, plans, objectives, assumptions, future events, or future performance of Doo Prime will be generally assumed as forward-looking statements.\u00a0\u00a0\u00a0\u00a0<\/em><\/p>\n
\nWhile every effort has been made to ensure the accuracy of the information in this document, DOO Prime does not warrant or guarantee the accuracy, completeness or reliability of this information. DOO Prime does not accept responsibility for any losses or damages arising directly or indirectly, from the use of this document. The material contained in this document is provided solely for general information and educational purposes and is not and should not be construed as, an offer to buy or sell, or as a solicitation of an offer to buy or sell, securities, futures, options, bonds or any other relevant financial instruments or investments. Nothing in this document should be taken as making any recommendations or providing any investment or other advice with respect to the purchase, sale or other disposition of financial instruments, any related products or any other products, securities or investments. Trading involves risk and you are advised to exercise caution in relation to the report. Before making any investment decision, prospective investors should seek advice from their own financial advisers, take into account their individual financial needs and circumstances and carefully consider the risks associated with such investment decision.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"