On Monday, Eastern Time, U.S. stocks opened high and closed low, and the three major indexes fell four consecutive times. As of the close, the Dow Jones Industrial Average fell 93.91 points, a drop of 0.32%, to 29,202.88 points; the Nasdaq fell 110.30 points, a drop of 1.04%, to 10,542.10 points; the S&P 500 index fell 27.27 points, a drop of 0.75%, to 3,612.39 points. During the session, the Nasdaq fell to 10,449.04 points, the lowest level intraday since August 2020.
Many companies will release their third quarter financial reports this week, including JPMorgan Chase , Wells Fargo , Morgan Stanley and Citi , etc. Pepsi , Delta Air Lines and Domino will announce results next week. Strategists at Goldman Sachs and Morgan Stanley said that companies will usher in a difficult financial report season as demand slows down and soars in costs accumulate.
JPMorgan CEO Jamie Dimon warned that the United States could fall into a recession within 6 to 9 months. Dimon said that a "very, very serious" headwind combination could put the U.S. and global economies in recession in mid-next year.
Apple closed up 0.24%, with a transaction volume of US$10.45 billion. According to media reports, Apple will launch the iPhone 15 series in the second half of next year. The top version is equipped with Apple A17 bionic chip. This chip adopts a 3nm process and is manufactured by TSMC. The report pointed out that the only one that can compete with TSMC in advanced technology is Samsung Electronics . However, Samsung lags behind TSMC in the 3nm process. Samsung's second-generation 3nm process will be as early as 2024, so Apple A17 will be manufactured by TSMC.
well-known technology reporter Mark Gurman said that all AirPods series and Mac accessories (such as Magic Keyboard and Magic Control Board) may transition to USB-C interface by 2024.
Bank of the United States analyst Wamsi Mohan on Monday said that due to the impact of the new crown epidemic, Apple's iPad products may face resistance in the short term. Currently, the analyst rated Apple as "Buy" with a target price of $160.
Mohan pointed out that of the 154 million iPads sold from 2020 to the first half of 2022, about 41.8 million may be "oversupply", indicating that "oversupply" tablets are the result of people changing devices faster for remote work and learning.
On the market, large technology stocks rose and fell. Microsoft , Twitter, and Netflix rose more than 2%, while Apple rose slightly; Nvidia fell more than 3%, Intel fell more than 2%, and Google fell slightly. Energy stocks fell across the board, with Occupy Oil falling about 6%, ExxonMobil falling more than 2%, Chevron , ConocoPhillips , Schlumberger falling more than 1%.
Leading the rise in technology stock list:
Leading the fall in technology stock list:
Popular Chinese stocks listed in the list almost fell across the board, and the Nasdaq Golden Dragon China Index closed down 5.3%. MissFresh fell by more than 16%. MissFresh is working hard to retain the qualifications of the US stock market. On October 8, MF.US issued an announcement stating that it plans to change its ADS ratio of its American depositary stocks from 1 ADS to 3 Class B common shares to 1 ADS to 90 Class B common shares. Changes in the
ADS ratio usually lead to a proportional increase in the ADS trading price. However, MissFresh also stated in the announcement that it is impossible to guarantee that the ADS transaction price after the change of the ADS ratio is equal to or greater than 30 times the ADS transaction price before the change. Although the results cannot be guaranteed, this move by Youxian is to stay in the US stock capital market.
The method of daily Youxian to increase its stock price did not start with performance, and finally chose to change the ADS ratio. In response, the company said that changes in the ADS ratio will help it continue to comply with the Nasdaq stock market's continued listing requirements, but they themselves cannot guarantee the goal.
Bilibili fell more than 10%. On October 3, Bilibili announced on the Hong Kong Stock Exchange that the company voluntarily converted its second listing status on Hong Kong Stock Exchange Co., Ltd. to the main listing of the main board will take effect today.Bilibili is now a company with dual major listed companies on the Hong Kong Stock Exchange in Hong Kong and the Nasdaq Global Select Market in the United States.
Other Chinese stocks, Taihecheng Medical rose more than 22%, Yankong Technology rose more than 17%, Yuehang Sunshine, Tuniu rose more than 6%, Fanhua Financial Holdings, Santeng Technology, Qilian International, Fog Xin Technology , etc. rose more than 3%, Dewei, Jiuzhou Pharmacy , Medical Beauty International, Aorigin Seed Industry, Highway Holdings, China Green Agriculture, etc. rose more than 2%, Shuhai Co., Ltd., Financial One Account, Zhong Global Shipping, Niu Electric , Panhua Finance, Juhao Mall, Hengyi Electronics, Ningsheng International, Smart Lighting, No. 1 High School Education, etc. rose more than 1%.
Shangmax Technology fell more than 19%, Zhifu Financing fell more than 17%, Daily Youxian fell more than 16%, Xinyu , Shengwang fell more than 13%, Su Xuantang fell more than 11%, Baosheng Technology, Bilibili, Huazhu Hotel Group, eHome Quick Service, New Oriental fell more than 10%, Weimei Hologram, Beike, Jinyang Education fell more than 9%, Yingxi Group, Yangang Pearl, Pinduoduo, Leju, Tuozhen Biology, Yunmi Technology and others fell by more than 8%, Yueshang Group, Bit Digital, Yi Education, Seku, Jianpu Technology, Yuhui Sunshine, Douyu , Yidianxing and others fell by more than 7%, Youkelian , iQiyi, Century Internet, Youxin, Pintitanium, 360 Digital Technology, Huafu Education, Ninth City , Ctrip , Cheetah Mobile , Tuanche and others fell by more than 6%.
leading the rise in Chinese stocks list:
leading the fall in Chinese stocks list:
Chinese new energy vehicle sectors both fell, Xiaopeng Motors and NIO fell more than 3%, and Ideal Auto fell more than 2%. NIO recently held the NIO Berlin 2022 European launch conference in Berlin , the capital of Germany, and brought three new energy models, NIO ET7, ET5 and EL7 (domestic corresponding model ES7) to the European market. NIO founder, chairman and CEO Li Bin said that to enhance global competitiveness, it is necessary to enter the European new energy vehicle market. NIO will start sales in four European countries (Germany, Sweden , Netherlands , Denmark) with a "subscription model".
is different from the release of traditional new cars. NIO did not announce the vehicle price this time, but instead brought a subscription model - NIO Subscription. European users can rent it from as short as 1 month, while long-term rental vehicles can be customized to choose a fixed subscription cycle of 12-60 months.
In Li Bin's view, NIO only provides subscription services but does not sell cars, which has set a precedent among Chinese auto companies. Li Bin believes that cars themselves are consumer goods, so using subscription methods can reduce the issues that users need to worry about (such as maintenance, annual insurance, etc.). "Automobiles are high-value durable consumer goods. Users have to worry about a lot in the past. NIO hopes to simplify the user service interface."
Tesla closed down 0.05%, with a turnover of US$15.03 billion. Tesla's Shanghai Super Factory delivered more than 83,000 vehicles in September, setting a new record for monthly delivery. This figure increased by 8% from August, surpassing the month-on-month increase in wholesale sales of electric vehicles in China. This also set a new record since Tesla's Shanghai factory was put into production in December 2019, with the previous sales record of 78,906 units set in June this year.
Tesla also recently released the automobile production and delivery report for the third quarter of 2022. Data shows that Tesla produced more than 365,000 cars in the third quarter and delivered more than 343,000 cars. The delivery performance in the quarter hit a new high, up 42.4% year-on-year and 34.9% month-on-month.
More auto sector rise and fall and market value ranking
The three major European stock indexes fell across the board on the same day. As of the close, the London stock market in the UK, the average price index of 100 stocks closed at 6959.31 points on the 10th day, down 31.78 points from the previous trading day, a drop of 0.46%.
3 stocks , on the same day, the service stocks among the component stocks in the London stock market led the rise, with the top five stocks in the top five: the stock price of packaging company David Solomon Smith Company rose 12.12%, the stock price of paper packaging company Smurphy Capa Group rose 6.73%, the stock price of paper company Mondi rose 4.17%, the stock price of household goods supplier Cuifeng Group rose 3.21%, and the stock price of M&G company rose 2.86%.
The consumer stocks led the decline on the same day, with the top five stocks in the declines: Haleon, the share price of the UK natural gas supplier, the share price of the Centrek Group, fell 2.68%, the share price of Rolls-Royce Holdings fell 2.42%, the share price of the property investment company Segro fell 2.41%, and the share price of the wine company Diageo fell 2.34%.
The other two major stock indexes in Europe, the Paris Stock Market CAC40 index of France closed at 5840.55 points, down 26.39 points from the previous trading day, a drop of 0.45%; the Frankfurt DAX index of Germany closed at 12272.94 points, down 0.06 points from the previous trading day, a drop of 0.00049%.
Company news
[Tesla's Shanghai factory delivered more than 83,000 units in September and set a new record]
China Passenger Car Association data shows that in September, domestic wholesale sales of new energy passenger cars reached about 660,000 units, a year-on-year increase of 95% and a month-on-month increase of 5%. Among them, Tesla China delivered 83,135 vehicles in September, setting a new monthly delivery record. This figure increased by 8% from August, surpassing the month-on-month increase in China's electric vehicle wholesale sales. This also set a new record since Tesla's Shanghai factory was put into production in December 2019, with the previous sales record of 78,906 units set in June this year.
[Apple A17 may use TSMC to manufacture OEM]
According to media reports, Apple will launch the iPhone 15 series in the second half of next year. The top version is equipped with Apple A17 bionic chip. This chip adopts a 3nm process and is manufactured by TSMC. The report pointed out that the only one that can compete with TSMC in advanced technology is Samsung Electronics. However, Samsung lags behind TSMC in the 3nm process. Samsung's second-generation 3nm process will be as early as 2024, so Apple A17 will be manufactured by TSMC.
[News say that Apple AirPods and Mac accessories may switch to USB-C interface by 2024]
Famous technology journalist Mark Gurman said that all AirPods series and Mac accessories (such as Magic Keyboard and Magic Control Board) may transition to USB-C interface by 2024.
[ Amazon will invest more than 1 billion euros to expand the number of electric trucks in Europe to accelerate the realization of net zero emissions]
Amazon said it will invest more than 1 billion euros in electric trucks, trucks and low-emission parcel centers across Europe in the next five years to accelerate the realization of the goal of net zero carbon. The investment will help its fleet of electric vans in Europe grow from 3,000 to over 10,000 by 2025. In addition, Amazon also hopes to purchase 1,500 electric heavy trucks in the next few years to deliver "middle mile" goods to parcel centers.
[ Xiaopeng G9 passed the closed site test of autonomous driving]
According to Xiaopeng Automobile's official microscope on October 10, recently, in accordance with the relevant requirements of the Guangzhou intelligent connected car automatic driving function test, Xiaopeng G9 successfully passed the closed site test of autonomous driving, becoming the first mass-produced car in China to pass the closed site test of autonomous driving. The test was conducted at night, and the autonomous driving performance of vehicles in complex comprehensive urban road scenarios was verified through 31 urban road scenario tests, including various indicator signals identification and response, left and right vehicle conflict driving, parallel overtaking, two-wheeled vehicles and pedestrian avoidance.
