US Markets Rally, Light Chaser Media’s 260% Surge Stuns Investors

Market Overview

On Thursday, US stock indices closed higher across the board, with tech stocks driving the Nasdaq up 1.5%. Meanwhile, the January US Producer Price Index (PPI) exceeded expectations, reinforcing concerns about rising inflation. However, PCE-related components showed moderate growth, easing some worries.

Adding to market uncertainty, President Donald Trump reiterated his plan to impose reciprocal tariffs on key trade partners but has not yet implemented the policy.

US Inflation Data & Trade Policy Updates

January PPI YoY: +3.5% (vs. 3.2% expected), marking the biggest annual increase since February 2023.
PPI MoM: +0.4% (vs. 0.3% expected).
While CPI and PPI data signal rising inflation pressures, PCE-linked categories showed subdued gains, suggesting PCE inflation may not be as hot as CPI indicated.

Trump signed a presidential memorandum introducing reciprocal tariffs on foreign imports, though no timeline has been set. Reports suggest the Commerce Secretary nominee stated the administration would evaluate each country individually, with policy research expected to conclude by April 1.

Stock Highlights: A-Share Media Giant Soars on ‘Nezha 2’ Success

Light Chaser Media, a leading A-share film producer, surged 260% in just 8 trading days since the Lunar New Year holiday.
The company’s stock hit its sixth limit-up in eight sessions, fueled by the massive success of “Nezha 2” (also known as Nezha: Birth of the Demon Child).
Global box office revenue (including pre-sales and international earnings) for “Nezha 2” has surpassed ¥10 billion ($1.4 billion).
Media estimates suggest Light Chaser Media holds a 50%–53.2% investment stake in the film, further boosting investor confidence.

US Stock Market Highlights

Tech stocks led the charge:
- Intel surged over 7%, reaching its highest close since December 2023.
- Tesla jumped 5%, fueled by reports that Trump planned a $400 million purchase of Musk’s “armored” electric vehicle, though the US State Department later removed the reference.
- Nvidia rose 3%, hitting its highest close since January 25.
- Apple gained 2%, with CEO Tim Cook teasing a “new family member” announcement on February 19.
- Meta extended its record-breaking streak, logging a 19-day winning run, with a market cap hitting $1.85 trillion.
Chinese stocks (ADRs) were mixed:
- The Nasdaq Golden Dragon China Index rose 1.2%.
- Bilibili surged nearly 6%, Baidu gained over 3%, while Pinduoduo and Trip.com advanced more than 2%.
- Alibaba climbed 1%, while Li Auto and NetEase fell over 4%.

Technical Analysis of US Markets

US Markets Snapshot

Dow Jones: +342.87 points (+0.77%), closing at 44,711.43.
Nasdaq: +295.69 points (+1.50%), closing at 19,945.64.
S&P 500: +63.10 points (+1.04%), closing at 6,115.07.

Hong Kong Stock Market Highlights

Hong Kong’s major indices surged, led by tech, healthcare, and EV stocks:

Tech stocks rallied:
- Bilibili jumped over 7%, while JD.com, Kuaishou, and Xiaomi climbed nearly 5%.
- Alibaba, Bilibili, and other major Chinese tech firms are set to release earnings next week, with analysts predicting revenue growth acceleration.
Healthcare stocks soared:
- Alibaba Health surged 16%, while ZhongAn Online climbed over 12%.
- Pharmaceutical outsourcing stocks followed suit, with Wuxi Biologics rising more than 8%.
EV sector strength:
- BYD gained over 7%, extending its recent rally.
Semiconductors lagged:
- SMIC fell nearly 3%, underperforming the broader market.

Technical Analysis of Hong Kong Markets

HK Markets Snapshot

Hang Seng Index: +2.24%, closing at 22,303.80.
Hang Seng Tech Index: +3.07%, closing at 5,395.82.
China Enterprises Index: +2.44%, closing at 8,197.90.

A50 & China A-Share Markets Highlights

A-shares opened higher, with over 2,500 stocks advancing.
Total Market Turnover: ¥10.6 trillion, a decrease of ¥1.1 trillion from the previous session.

Sector Highlights:

Top Performers:
- AI Healthcare, Huawei Computing, Big Data, and BYD Autonomous Driving stocks led the gains.
- AI Healthcare stocks surged, with CloudCreate Data, Chaoyan Tech, and Aikela among multiple stocks hitting limit-up levels.
- Huawei-related stocks continued rallying, with Tuowei Information logging its 7th limit-up in 8 sessions.
- BYD hit a record high, while Haon Automotive surged 20%.
Lagging Sectors:
- Real estate, retail, and entertainment stocks retreated.
- Film & cinema stocks cooled off after recent gains, with Huayi Brothers and Wanda Film declining.

Technical Analysis of China Markets

China Markets Snapshot

Shanghai Composite Index: +0.25%, closing at 3,340.95.
Shenzhen Component Index: +1.10%, closing at 10,743.92.
ChiNext Index: +1.92%, closing at 2,217.95.

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