【海通国际】Morning Meeting Summary-260413（7页）.pdf

1、 Equity Asia Research For disclosures associated with each report,including disclosure of risks,valuation methodologies and target price formation,please refer to the full report on our website at This research report is distributed by Haitong International,a global brand name for the equity researc

2、h teams of Haitong International Research Limited(“HTIRL”),Haitong Securities India Private Limited(“HSIPL”),Haitong International(Japan)K.K.(“HTIJKK”),Haitong International Securities Company Limited(“HTISCL”),and any other members within the Haitong International Securities Group of Companies(“HTI

3、SG”),each authorized to engage in securities activities in its respective jurisdiction.Please refer to the appendix for the Analyst Certification,Important Disclosures and Important Disclaimer.China Overseas.2 香港稳定币牌照落地：汇丰、渣打入围(Ling Tan).2 Model Observer:Meta 推出闭源模型 Muse Spark,30 亿用户比 Tokens 经济更值钱？(

4、Barney Yao).2 美国大消费动态全景追踪 M4：油价上涨中低收入人群承压，【大而美法案】退税对冲短期生活成本上行 M4(Yuanyuan Kou).2 Japan.2 海上观日(Pingzi Ji).2 India.2 India Financial Weekly Wrap:Key Events and News Flow(Hitesh Gulati).2 Table_Title Morning Meeting Summary 香港稳定币牌照落地香港稳定币牌照落地;Meta 推出闭源模型推出闭源模型 Muse Spark;美国大消费美国大消费;海上观日海上观日 13 Apr 2026

5、 Table_index Last 1D(%)YTD(%)MSCI China 78.5 0.53-4.99 Hang Seng 25,894 0.55 1.03 Shanghai Comp 3,986 0.51 0.44 Topix 3,740-0.04 9.71 Nikkei 225 56,924 1.84 13.08 Kospi 5,859 1.40 39.03 BSE Sensex 77,550 1.20-9.00 MSCI India 956.3 1.24-9.34 Taiwan Taiex 35,418 1.60 22.28 S&P/ASX 200 8,961-0.14 2.83

6、Dow Jones 47,917-0.56-0.31 S&P 500 6,817-0.11-0.42 Nasdaq Comp.22,903 0.35-1.46 SOX index 8,886 2.26 25.45 Bit Coin 73,630 1.42-16.44 Source:Wind Yidong Zhang Click for Our Latest Top Picks Hong Kong Office(852)2848 4333 Tokyo Office(81)3 3560 9300 London Office(44)20 7456 9191 New York Office(1)212