US Stock Market Move | The Trump administration plans to relax regulations on autonomous driving vehicles. Faraday Future (WRD.US) rose more than 9% in pre-market trading.

18/11/2024

On Monday, Wunong Net Technology (WRD.US) pre-market rose over 5%, reaching $18.32.

On Monday, WRD.US, the American stock of Wenyuan Zhixing, rose over 9% in pre-market trading, reaching $18.99. In terms of news, members of the transition team of US President Donald Trump told advisors that they plan to make the federal legal framework for fully autonomous vehicles a priority for the Department of Transportation. This indicates that the Trump administration intends to relax regulations on autonomous vehicles. In addition, Musk called for national regulations to be established last month during Tesla, Inc.'s third-quarter earnings conference call, allowing autonomous vehicles to operate on US roads without traditional drivers. He also stated that he will use his potential position in the US government to promote a more streamlined regulatory approach to approve the use of fully autonomous vehicles nationwide.

HK Stock Market Move | FIT HON TENG (06088) rose by over 5%. The company recently held its first Technology Day, accelerating the layout of its AI multiple products.

HK Stock Market Move | The stock of domestic insurance companies continues to decline, and insurance stocks face certain pressure on their third-quarter performance. Institutions still see value in the sector's allocation.

EB Securities: Maintains "Buy" rating on BIDU-SW (09888) Cloud computing, intelligent driving, and self-developed chips open up valuation space.

HK Stock Market Move | FIT HON TENG (06088) rose by over 5%. The company recently held its first Technology Day, accelerating the layout of its AI multiple products.

EB Securities: Maintains "Buy" rating on BIDU-SW (09888) Cloud computing, intelligent driving, and self-developed chips open up valuation space.