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Late at night, Chinese concept stocks surged! The Federal Reserve’s big move

2026-07-08·newswire-us-stock-205317
Late at night, Chinese concept stocks surged! The Federal Reserve’s big move.

The minutes of the Federal Reserve’s June meeting will be released soon. On July 8, local time, the three major U.S. stock indexes collectively opened lower. As of press time, the Dow fell more than 1%, the Nasdaq fell 0.5%, and the S&P 500 fell 0.61%. On the news, smoke is rising again in the Middle East.

In the early morning of the 8th local time, explosions were heard in many places in southern Iran. The U.S. Central Command subsequently issued a statement stating that it had completed a new round of strikes against Iran; Iran's Islamic Revolutionary Guard Corps stated that as an "initial response" to the U.S.'s "aggression", it struck 85 important U.S.

military facilities during the operation. This is the first time after 10 days since June 27 and 28 that the US military attacked Iran on the grounds of "attack on a merchant ship". The Gulf countries Bahrain and Kuwait also sounded air defense sirens that day, and fighting resumed in the Strait of Hormuz. U.S.

President Trump said during the NATO summit in Turkey on the 8th that he was very unhappy with Iran and that the U.S. military "could hit Iran hard again tonight" and may re-implement a naval blockade on Iran. "We hit them hard last night, very, very hard. We're probably going to hit them hard again tonight. I'll give them a little warning.

We're going to hit them hard tonight. We'll see what the outcome is," Trump said. Chinese concept stocks performed strongly, with the Nasdaq China Golden Dragon Index rising by more than 3%.

Among the leading Chinese concept stocks, Alibaba rose by more than 10%, Xiaomi Group's ADR rose by more than 7%, Baidu Group rose by more than 5%, and JD Group rose by more than 4%. In terms of other popular Chinese concept stocks, Kingsoft Cloud rose by more than 11%, Burning Rock Medical, Youdao, Pony.ai, Century Internet, etc.

rose by more than 6%, and GDS rose by more than 5%. During the Asia-Pacific trading time on July 8, the Hong Kong stock market experienced its first strong surge for a long time. The Hang Seng Technology Index performed particularly strongly, with the largest intraday increase of nearly 6%, the largest intraday increase for the index since 2026.

As of the close, the Hang Seng Technology Index rose 4.97%, the largest closing increase in the past three months after April 8 this year, and the second largest closing increase during the year. It is worth noting that the minutes of the Federal Reserve’s June meeting will be released in the early morning of Thursday (July

9) Beijing time. This is the first minutes document released by the new Fed Chairman Warsh. Warsh deleted all forward guidance on interest rates in last month's Fed statement and refused to submit his own dot-plot interest rate forecasts, which doubled the market's attention to the minutes in the hope of getting more information from them.

George Goncalves, head of U.S. macro strategy at MUFG Securities Americas, said the brief information revealed by Warsh means that the June meeting minutes will carry more weight than usual.

"The meeting minutes will become increasingly important because so far, we don't know what they (Fed officials) really think." "The minutes should be interesting to gauge the differences of opinion within the committee," said U.S. rates strategist at TD Securities.

"Given Chairman Warsh's desire to reduce forward guidance, the content and length of the minutes will also be watched to see if there are any immediate changes." (

#Stocks #AI #Fed #Gold #Earnings

Full text

Late at night, Chinese concept stocks surged! The Federal Reserve’s big move

The minutes of the Federal Reserve’s June meeting will be released soon. On July 8, local time, the three major U.S. stock indexes collectively opened lower. As of press time, the Dow fell more than 1%, the Nasdaq fell 0.5%, and the S&P 500 fell 0.61%. On the news, smoke is rising again in the Middle East. In the early morning of the 8th local time, explosions were heard in many places in southern Iran. The U.S. Central Command subsequently issued a statement stating that it had completed a new round of strikes against Iran; Iran's Islamic Revolutionary Guard Corps stated that as an "initial response" to the U.S.'s "aggression", it struck 85 important U.S. military facilities during the operation.

The minutes of the Federal Reserve’s June meeting will be released soon. On July 8, local time, the three major U.S. stock indexes collectively opened lower. As of press time, the Dow fell more than 1%, the Nasdaq fell 0.5%, and the S&P 500 fell 0.61%. On the news, smoke is rising again in the Middle East. In the early morning of the 8th local time, explosions were heard in many places in southern Iran. The U.S. Central Command subsequently issued a statement stating that it had completed a new round of strikes against Iran; Iran's Islamic Revolutionary Guard Corps stated that as an "initial response" to the U.S.'s "aggression", it struck 85 important U.S. military facilities during the operation. This is the first time after 10 days since June 27 and 28 that the US military attacked Iran on the grounds of "attack on a merchant ship". The Gulf countries Bahrain and Kuwait also sounded air defense sirens that day, and fighting resumed in the Strait of Hormuz. U.S. President Trump said during the NATO summit in Turkey on the 8th that he was very unhappy with Iran and that the U.S. military "could hit Iran hard again tonight" and may re-implement a naval blockade on Iran. "We hit them hard last night, very, very hard. We're probably going to hit them hard again tonight. I'll give them a little warning. We're going to hit them hard tonight. We'll see what the outcome is," Trump said. Chinese concept stocks performed strongly, with the Nasdaq China Golden Dragon Index rising by more than 3%. Among the leading Chinese concept stocks, Alibaba rose by more than 10%, Xiaomi Group's ADR rose by more than 7%, Baidu Group rose by more than 5%, and JD Group rose by more than 4%. In terms of other popular Chinese concept stocks, Kingsoft Cloud rose by more than 11%, Burning Rock Medical, Youdao, Pony.ai, Century Internet, etc. rose by more than 6%, and GDS rose by more than 5%. During the Asia-Pacific trading time on July 8, the Hong Kong stock market experienced its first strong surge for a long time. The Hang Seng Technology Index performed particularly strongly, with the largest intraday increase of nearly 6%, the largest intraday increase for the index since 2026. As of the close, the Hang Seng Technology Index rose 4.97%, the largest closing increase in the past three months after April 8 this year, and the second largest closing increase during the year. It is worth noting that the minutes of the Federal Reserve’s June meeting will be released in the early morning of Thursday (July 9) Beijing time. This is the first minutes document released by the new Fed Chairman Warsh. Warsh deleted all forward guidance on interest rates in last month's Fed statement and refused to submit his own dot-plot interest rate forecasts, which doubled the market's attention to the minutes in the hope of getting more information from them. George Goncalves, head of U.S. macro strategy at MUFG Securities Americas, said the brief information revealed by Warsh means that the June meeting minutes will carry more weight than usual. "The meeting minutes will become increasingly important because so far, we don't know what they (Fed officials) really think." "The minutes should be interesting to gauge the differences of opinion within the committee," said U.S. rates strategist at TD Securities. "Given Chairman Warsh's desire to reduce forward guidance, the content and length of the minutes will also be watched to see if there are any immediate changes." (

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