2024-08-14
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[Introduction] The Shanghai Stock Index fell 0.6% in a shrinking adjustment, and AI glasses concept stocks broke out against the trend! Ukraine responded to the attack on Russia
China Fund News reporter Taylor
Brothers and sisters, today's A-shares are still sluggish, with the decline accelerating in the late trading session, and the ChiNext Index hit a new low in the adjustment.
Let’s review what happened today.
A-shares downturn
The Shanghai Composite Index fluctuated today, and the Shenzhen Component Index and the ChiNext Index both fell by more than 1%. As of the close, the Shanghai Composite Index fell by 0.6%, the Shenzhen Component Index fell by 1.17%, and the ChiNext Index fell by 1.42%.
A total of 1,370 stocks rose in the two markets, 43 stocks hit the daily limit, and 3,744 stocks fell. Trading continued to be sluggish, with a market turnover of only more than 480 billion yuan.
The gaming industry was strong, with Fuchun shares rising nearly 15%, Huicheng Technology hitting the daily limit, and Jibit, Caesar Culture, Glacier Network, Xinghui Entertainment, Tianzhou Culture, and Zhongqingbao leading the gains. On the news front, the new "top stream" domestic game "Black Myth: Wukong" is about to be launched, and it has firmly topped the global rankings on Steam's latest weekly game sales chart.
AI glasses and MR concepts exploded against the trend, with many stocks such as Mingyue Lens, Shuobei, Dr. Eyewear, Yingtong Communications, Asia Optoelectronics, Yidao Information, and Zhuoyi Technology hitting their daily limit.
According to the news, the Apple team is continuing to experiment with the development of multiple smart glasses products, including the affordable version of Vision Pro, which is expected to be launched next year. At the same time, this year's domestic smart glasses have also entered a period of intensive new product releases.
CITIC Securities stated that since the short-term shipment volume of AI smart glasses is only at the million level, the corresponding performance elasticity of domestic suppliers is relatively low, so it is more inclined to thematic investment. It is recommended to pay attention to the beneficiaries with higher performance certainty, such as the subsequent release of major AI smart glasses products, event-driven, theme fermentation, etc.; in the medium and long term, with the successive release of major products and the continuous increase in market attention, the sector as a whole is expected to usher in a main trend of both rising profits and valuations.
Latest news from Ukraine
According to a report on the website of the German newspaper Sueddeutsche Zeitung on August 14, according to official news from Kiev, Ukraine does not want to occupy the Russian territory it has captured for a long time. The report said that the Ukrainian Foreign Ministry explained that the large-scale cross-border offensive against Kursk was aimed at disrupting the logistics of the Russian army and making it difficult for Russia to increase its troops in eastern Ukraine. A spokesman for the Ukrainian Foreign Ministry said: "Ukraine does not need other people's property. Ukraine is not interested in seizing the territory of Kursk Oblast. We want to protect the lives of our people."
It is reported that the Ukrainian army has occupied dozens of towns and villages after launching a large-scale ground offensive in Russia. On August 13, AFP quoted a Ukrainian Foreign Ministry spokesman as saying, "The sooner Russia agrees to restore a just peace... the sooner the Ukrainian Defense Forces' attacks on Russia will stop."
Ukrainian President Zelensky said on social media on August 13 that the current fighting is difficult and fierce, but the Ukrainian army continues to advance in Russia's Kursk region and Ukraine's "bargaining chips" are increasing.
Earlier, the Belgorod Oblast of Russia, which borders Ukraine, declared a state of emergency on August 14. The governor of Belgorod Oblast, Gladkov, announced on social media that day that due to the continuous bombing by the Ukrainian army, the local situation was extremely serious, and the whole province entered a state of emergency from August 14 to provide protection for civilians and provide additional support for victims.
Belgorod Oblast, located on the Russian-Ukrainian border, has been bombarded by Ukrainian troops for several days. So far, many civilians have been killed and injured, and many buildings have been destroyed. The authorities earlier called on the people to evacuate urgently and seek refuge in temporary shelters. In the Krasnaya Ruga region alone, about 11,000 people were hastily evacuated.
U.S. officials say Russia is withdrawing some of its military forces from Ukraine in response to a Ukrainian offensive on Russian territory.
Since launching a surprise attack last week, Ukrainian troops have advanced at least 20 miles into Russian territory, quickly seizing a thinly defended border region. Russian President Vladimir Putin has ordered his military and security forces to expel the Ukrainian troops, but Russia has struggled to mount a coherent response.
Ukraine's top military commander said Ukrainian troops were advancing and had taken control of 74 Russian towns and villages.
In Kiev, Ukrainian officials gave their most detailed public comments yet on the reasons behind the operation, saying it was aimed at destroying Russian logistics and infrastructure.