To The Moon

The S&P 500 index hits a new intraday high amid the AI boom; tech stocks lead the decline in Hong Kong's stock market.

🇺🇸 S&P 500 Index: +0.61% 📈

🇺🇸 Nasdaq: +1.28% 📈

🇪🇺 Stoxx 600 Index: +0.39% 📈

🇯🇵 Nikkei 225 Index: +1.58% 📈

🇭🇰 Hang Seng Index: -1.63% 📉

🇨🇳 CSI 300 Index: -0.93% 📉

🇸🇬 Straits Times Index: -0.37% 📉

US stocks surged, with the S&P 500 and Nasdaq rising by 0.6% and 1.3%, respectively, as investors were buoyed by Netflix's $Netflix(NFLX)$ quarterly report and President Trump's AI infrastructure investment plan.

The Asia-Pacific markets declined, with Hong Kong's Hang Seng Index and China's CSI 300 Index falling by -1.6% and -0.9%, respectively, as tech stocks broadly dropped following the announcement of a major AI initiative by the US. President Trump also hinted at imposing a 10% new tariff on Chinese imports.

💡 Upcoming Events: 💡

On Thursday, investors will await the release of US initial jobless claims, the Eurozone consumer confidence index, and Japan's annual export data.

By the end of the week, on Friday, we will see the release of the US S&P Global Manufacturing and Services PMI, Michigan Consumer Sentiment Index, Eurozone HCOB Manufacturing and Services PMI, Japan's annual inflation rate, Japan's PMI for manufacturing and services, and the Bank of Japan's interest rate decision.

💡 Things to Know Today: 💡

1. Johnson & Johnson $Johnson & Johnson(JNJ)$ reported a 5.3% YoY revenue growth in Q4 2024, driven by strong sales of cancer drugs. Despite currency headwinds, its goal is to achieve a 5-7% annual growth rate by 2030.

Johnson & Johnson

2. Nuclear-related stocks $Oklo Inc.(OKLO)$  rose as Santee Cooper announced plans to restart the construction of two reactors aimed at attracting tech companies like Microsoft $Microsoft(MSFT)$ , which require clean energy to power data centers.

Santee Cooper

3. Beijing announced plans to stabilize and boost the stock market by guiding state-owned insurance companies, mutual fund managers, and the National Social Security Fund to increase investments in A-shares.

SSF

4. Zijin Mining Group $ZIJIN MINING(02899)$   reported a 52% increase in net income in 2024, driven by higher copper production and record gold prices. Its market value now matches that of global commodities giant Glencore.

Zijin Mining

5. Sunway Healthcare Group has partnered with CIMB, Maybank, and UBS to handle an IPO worth over RM3 billion, targeting a valuation of over RM15 billion, making it Malaysia's largest IPO since 2017.

Sunway Healthcare Group

✅ Key Takeaway: 

The policy changes promised by the newly appointed Trump administration indicate that, with rising geopolitical risks, uncertainty will become the "new normal" in financial markets.

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