20240306-农银国际证券-每天导读_4页_849kb

报告摘要

US Stocks: All three major indices declined; Nasdaq led the drop due to weaker technology stocks.
European Stocks: Mixed results, with FTSE 100 rising; others had mixed outcomes.
Asian Stocks: Hong Kong and Chinese indices fell, with A-Index experiencing the largest decline. Pharmaceutical and tech stocks were key losers; Shanghai Composite rose but Shenzhen Component dropped.
Cross-Border Flows: Northbound stock market connects to China saw net buy-ins, while Southbound volumes were high.

Fed and Inflation: Fed Governor Kugler expects continued inflation easing, while US ISM services index missed expectations. Japan's inflation rose in Tokyo, supporting potential rate hikes.
Global Events: Egypt is studying Suez Canal expansion to reduce congestion; China aims for 5% GDP growth with plans for fiscal stimulus, including 1 trillion yuan in special bonds and consumer policies like appliance replacement.
Other data: US ADP employment and Eurozone retail sales reported mixed results or awaited release.

**Real Estate:**碧桂园 posted a 85% decline inFebruary contract sales, its worst drop in years.
Technology: AMD faces US restrictions on AI chip sales to China.
Other Companies: Fosun is considering selling its luxury resort in Sanya.