Bybit’s major milestones in 2024, unveil new expansion plans for the ecosystem, and explore cutting-edge innovative technologies in Web3. Additionally, participants will witness the launch of advanced wealth management solutions that will help users move towards a decentralized future.
On the other hand, the overall potential of domestic advanced processes is large, and semiconductor stocks performed strongly throughout the day. The leading SMIC rose by more than 6%, performing better; film and television stocks were active, with Huayi Media rising by more than 8%; oil stocks, domestic real estate stocks, shipping stocks, gold and other non-ferrous metal stocks performed actively.
Specifically:
Most of the heavyweight technology stocks fell , with Baidu Group and Xiaomi Group falling more than 2%. Meituan, Alibaba, JD.com, Kuaishou, Tencent Holdings and others followed suit, while NetEase rose more than 1%.
Apple concept stocks fell collectively , with Q Technology loan data falling more than 5%, followed by BYD Electronics, Dongjiang Group Holdings, Gowin Electronics, and Sunny Optical Technology.
On the news front, Tianfeng International Securities analyst Ming-Chi Kuo said that Apple will face multiple challenges in 2025, including near-stagnant iPhone growth, limited contribution from AI services, and continued shrinking of the Chinese market. Guo Mingchi said that after discussions with major suppliers, Apple has adopted a more cautious attitude towards this year's iPhone production plans. Apple estimates that its deliveries this year will be between 220 million and 225 million units, similar to last year's 220 million units and lower than the market expectation of 240 million units.
Airline stocks fell sharply , with BOC Aviation falling more than 4%, followed by Air China, China Eastern Airlines and China Southern Airlines.
On the news front, US President Biden announced a new round of sanctions on the Russian economy on January 10 local time, involving the country’s two largest oil companies and 183 tankers, and domestic and foreign crude oil futures prices rose strongly. In addition, the hot non-farm employment pushed up the US dollar index, and the offshore RMB fell below 7.36 at one point.