The Chinese cloud market is experiencing an unprecedented wave of price increases!Understanding the Market | Hong Kong real estate stocks generally decline, HANG LUNG PPT and WHARF REIC both drop over 3%Bank of Japan Governor: The surge in oil prices makes policy judgment more difficult, and if the economic outlook materializes, interest rates will continue to riseThe market recognizes the Federal Reserve's "new chairman": oilUnderstanding the Market | Non-ferrous Stocks Extend Afternoon Declines Under Dual Impact of Macroeconomics and Geopolitics, Dollar Returns to 100 Threshold Pressuring Non-ferrous MetalsXiaomi's first full-modal large model debuts: "Human, Vehicle, Home" the final piece in multi-line operations?"Bypassing" the Strait of Hormuz, Saudi oil exports "have recovered by more than half," but can this "Plan B" be sustained?VOYAH AUTO's Hong Kong stock debut faces liquidity challenges in its listing modelAMD CEO Lisa Su meets with executives from Samsung Electronics and Upstage to discuss collaboration in the AI fieldMU (Analyst briefing): Capex may decline after FY2027
---Hong Kong Stock Midday Review | Hang Seng Index fell 1.66% in the morning session, Xiaomi Group rose over 4% against the trendApple's smartphone sales in China surged by 23% in early 2026, defying market trends, while the Android camp was forced to raise prices due to memory costsGuangfa Securities: NVIDIA's new platform enhances the competitiveness of Agent applications, with AI inference driving a sustained upward storage cycleChina Post Securities: Google officially announced a reduction in the Google Play commission rate, focusing on high-quality overseas game developers160 level "hand-to-hand combat": Japan's finance minister issues intervention warning, Federal Reserve's "no rate cut" stance triggers currency market stormMU (Trans): Customer demand commitments unchanged; signs first 5-yr partnership agreement
---The Bank of Japan remains on hold as expected, while the situation in the Middle East and oil prices become the biggest variables for inflation outlook!DWS: Still believes that the Federal Reserve will eventually further cut interest rates to a neutral levelCrocodile tears? Altman posted "Thank you, programmers," sparking ridicule, with netizens saying "Because of you, programmers will be unemployed and go dig coal."Oil prices soar "no need to panic"? Morgan Stanley directly confronts the Federal Reserve: don't think you can fool the market, inflation will eventually impact employmentHong Kong Monetary Authority: There is significant uncertainty regarding the future direction of U.S. monetary policyMU: AI-Driven Memory Boom—Can It Break the Cycle?---Everyone is focused on NVIDIA's chips, and Jensen Huang has already cultivated a "second pillar."Micron conference call: AI will reshape storage into a "strategic asset"! To cope with shortages, it is necessary to spend money to build factories and sign the first 5-year long-term contracts, HBM4 directly supplies NVIDIAThe employment impact of AI is becoming increasingly significant! HSBC is considering large-scale layoffsPOP MART bets on LABUBU movie: How far is it from a global hit to a long-cycle IP?Inaction leads to policy mistakes? "Minority economists" criticize the Federal Reserve for misjudging the situation againMorgan Stanley lowers Tencent's target price to HKD 650, stating that AI investments are expected to weigh on profit margins in the short termUnderstanding the Market | Xiaomi Corporation-W rose over 4% in early trading as the large model MiMo-V2-Pro was officially released, with future models expected to rapidly iterate and enhanceMorgan Stanley: Tesla's "flywheel effect" is about to start, and autonomous taxis will be the next core growth driverUnderstanding the Market | Gold Stocks Lead the Decline, Federal Reserve Remains Hawkish and Holds Steady, Inflation Pressure May Squeeze Rate Cut SpaceJensen Huang confirmed the return of orders from China, and Wells Fargo estimates that NVIDIA's annual revenue is expected to gain an incremental $25 billionLei Jun officially announces the "mysterious model" that has sparked global developer discussions, Xiaomi's "AI roadmap" is gradually becoming clearUnderstanding the Market | Tencent opened down over 4%, with fourth-quarter results significantly exceeding expectations; future buyback investments may be reduced for AI developmentThe Hang Seng Index opened down 1.82%, the Hang Seng TECH Index fell 2.10%, and Tencent dropped over 4%The financial report "made a fortune," but why did Micron Tech plummet?Tencent enters the "AI cash-burning phase," and the market's first reaction is "unhappy." The key to victory lies in the "AI progress in the next few quarters."Powell's "expectation management" tone shifts to caution: The Federal Reserve temporarily pauses interest rate cuts, awaiting the impact of the warCITIC Securities: It is expected that the Federal Reserve will cut interest rates once by 25bps in the second half of the yearOnce expected to serve as the director of the U.S. Bureau of Labor Statistics! Trump's ally "speaks the truth": The U.S. economy cannot withstand a $100 oil priceFederal Reserve's inflation warning crushes precious metals: Gold is at risk of falling below $4,800, silver declines for six consecutive daysGuolian Minsheng Securities: The Federal Reserve still has room to cut interest rates this year, and the impact of oil prices does not change the overall trend of rate cutsThe taste of 2008! Bank of America recommends shorting "European private credit-related assets," including Deutsche BankFederal Reserve Meeting Highlights: Five Key Points Shaping Future Market TrendsBreakfast | US February PPI far exceeds expectations, Powell sends hawkish signals, stocks, bonds, and gold all declineZhitong Hong Kong Stocks Early Knowledge | The Federal Reserve Keeps Interest Rates Unchanged, Brent Crude Oil Surpasses $108AI drives a storage boom, Micron's revenue nearly doubled last quarter, and this quarter's guidance greatly exceeded expectations, with fiscal year spending expected to surge | Earnings Report InsightsThe Federal Reserve continues to hold steady as expected, noting the uncertainty of Middle Eastern impacts, raising inflation expectations, and still anticipating one rate cut this yearGlobal stock markets rise for three consecutive days, South Korean stocks break through 5900 points, oil prices decline, and the market awaits the Federal Reserve's decision