US President Biden announced a new round

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On the news front, of sanctions on the Russian economy on January 10 local time, involving the country’s two largest oil companies and 183 tankers, and domestic and foreign crude oil futures prices rose strongly. In addition, the hot non-farm employment pushed up the US dollar index, and the offshore RMB fell below 7.36 at one point.


On the news front, Goldman Sachs expects that SMIC will show a gradual upward trend amid the long-term growth in China's semiconductor demand and geopolitical risks. For fourth-quarter 2024 earnings, revenue is expected to increase 1% quarter-on-quarter to $2.2 billion, with a gross margin of 18.5%, which is better than the previous data and consistent with management's guidance range. In addition, Tianfeng Securities research report pointed out that subsidies for new purchases of products such as mobile phones may drive demand for semiconductors.

Film and television stocks were active , with Huanxi Media women data rising more than 8%, followed by Alibaba Pictures, Emperor Entertainment Group, and eSun Holdings.

On the news front, according to data from Lighthouse Professional Edition, as of 14:47 on January 11, the total box office (including pre-sales) in January 2025 has exceeded 1 billion yuan. "The Accidental Murderer 3", "Little Me" and "Laughing in the Face" are currently ranked the top three in the box office of the month. In addition, many blockbusters such as "Detective Chinatown 1990", "Nezha: The Devil Child Conquers the Dragon King", "Fengshen II: War in Xiqi", and "Boonie Bears: Reboot" are scheduled to be released during the 2025 Spring Festival.

Oil stocks rose, with PetroChina and China National Offshore Oil Corporation rising by more than 2%, followed by CNOOC Oilfield Services and Shanghai Petrochemical Corporation.

In the news, the US Treasury Department issued comprehensive new sanctions on Russia's oil industry last Friday. The new measures target two companies that handle more than a quarter of Russia's seaborne oil exports. "The United States is expected to announce more sanctions against Russia in the coming days, which will exacerbate the continued slowdown in Russian crude oil exports," said analysts at DNB Markets.