Midnight, China's offshore stocks and A50 surged

Chinese stocks surge late at night.

On November 18, the three major US stock indexes opened mixed. As of the time of writing, the Dow Jones Industrial Average fell 0.2%, the Nasdaq Composite Index rose 0.24%, and the S&P 500 Index rose 0.04%.

Chinese stocks performed strongly. As of the time of writing, the Nasdaq China Dragon Index rose 1.72%.

Specifically, Waymo rose more than 10%, EHang rose more than 7%, Xiaomi Group ADR rose more than 5%, Neta Auto rose more than 4%, NetEase, Xiaopeng Auto, Ke ADR, Trip.Com Group, etc. rose more than 3%.

Moreover, the FTSE China A50 Index Futures also saw a straight-line rise after the opening of the US stock market and has now turned red.

Goldman's 2025 Outlook Report released on November 18 expects MSCI China Index and CSI 300 Index to rise 15% and 13% respectively in 2025, mainly due to earnings per share growth and modest valuation growth. From the industry perspective, Goldman advocates adding the consumer sector to the investment portfolio and upgrades the rating of the healthcare and brokerage sectors. In addition, Goldman believes that the investment in public welfare and new infrastructure projects may accelerate with the implementation and effectiveness of the debt relief program, and the consumer and infrastructure sectors can be paid attention to.

Michael Hartnett, strategist of Bank of America, suggested in the latest report that investors adjust their portfolios before the inauguration of US President-elect Trump as US financial conditions tighten.