Daily Investment Strategy
Daily focus：NetEase（9999）
Chinese game developers demonstrated a strong presence at this year's TGS, with NetEase's "Infinity" garnering significant attention. The scale and popularity of Chinese developers' presence reached new heights, highlighting the strong global interest in Chinese games. Combining an open world, diverse gameplay, and a high level of polish, "Infinity" received enthusiastic responses and long queues, earning it the "Most Anticipated Game Award." Overall, the innovation and international influence of Chinese developers continues to grow, which is expected to drive international growth and revaluation of the industry as a whole.
US shutdown
The US federal government officially shut down at noon on Wednesday, with over 600,000 employees on unpaid leave. Labor and fiscal data releases might be postponed, fueling market concerns that the unemployment rate could climb in the short term. This move has further heightened uncertainty about US economic growth momentum and the direction of the Federal Reserve's monetary policy. Fitch Ratings predicts the shutdown will have no immediate impact on US sovereign ratings, while S&P Global Ratings predicts it could drag down GDP by 0.1-0.2 percentage points per week. However, US Vice President David Vance does not expect the shutdown to last long.
The Hong Kong Stock Connect recorded a net inflow of HK$15.4 billion on Tuesday, with Alibaba (9988) leading the way with a net inflow of HK$3.6 billion, followed by Tracker Fund of Hong Kong (2800). Meanwhile, UBTECH Robotics (9880) saw the largest net outflow of HK$63 million, followed by Crystal Pacific Holdings (2228).
Leung Kai Tong is a SFC licensed person accredited to KGI Group to carry on regulated activities (for details, please refer to https://apps.sfc.hk/publicregWeb/indi/ADU276/details). He and/or his associate do not have any financial interest in the recommended issuer or new listing applicant.
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