U.S. stocks rose across the board
[Introduction] The three major U.S. stock indexes collectively closed higher. SK Hynix’s U.S. stocks rose by more than 12% on the first day, driving the strength of chip stocks. China Fund News reporter Zhang Zhou compiled a report last night and this morning. The three major U.S. stock indexes continued their gains. SK Hynix’s U.S. stocks rose by more than 12% on the first day, driving some chip stocks to strengthen. There is new progress in US-Iran negotiations. Trump said he had agreed to continue negotiations with Iran, and Qatari representatives went to Iran to mediate.
[Introduction] The three major U.S. stock indexes collectively closed higher. SK Hynix’s U.S. stocks rose more than 12% on the first day, driving the strength of chip stocks. China Fund News reporter Zhang Zhou compiled the report Last night and this morning, the three major U.S. stock indexes continued their gains. SK Hynix's U.S. stocks rose more than 12% on the first day, driving some chip stocks to strengthen. There is new progress in US-Iran negotiations. Trump said he had agreed to continue negotiations with Iran, and Qatari representatives went to Iran to mediate. As for the statement that Iran and the United States will hold a new round of negotiations next week, an insider close to Iran’s negotiating team denied it, saying that some foreign media reports “have no factual basis.” Let’s take a look at the latest developments in overseas markets. The three major U.S. stock indexes collectively closed higher On July 10, Eastern Time, the three major U.S. stock indexes continued to strengthen. As of the close, the Dow Jones Index rose 0.29%, the S&P 500 Index rose 0.42%, and the Nasdaq Composite Index rose 0.29%. The Nasdaq 100 index, which is relatively concentrated in technology stocks, rose 0.33%. The Philadelphia Semiconductor Index ended almost flat. The trends of the seven technology giants in the U.S. stock market were divided. Meta Platforms rose nearly 6%, while Amazon, Google, and Apple closed down. South Korean memory chip giant SK Hynix ADR performed well on its first day of listing, closing up 12.76%, driving the strength of most chip stocks. SanDisk rose 3.1%, Nvidia rose 4.03%, and Applied Materials and AMD both rose more than 2%. Nelson Griggs, president of Nasdaq, said the explosive listing of SK Hynix has prompted other international companies to consider initial public offerings or selling American depositary receipts in the United States. Griggs noted that foreign issuers interested in entering the U.S. market can be divided into two categories: early-stage companies that are not yet listed on any market, and mature companies that already have a local listing and are considering issuing additional American depositary receipts (ADRs). SK Hynix CEO Guo Luzheng said that the shortage of memory chips currently plaguing the computer, automobile and equipment markets may continue until after 2030. Guo Luzheng said customers are signing long-term contracts because they "believe the shortage will last longer." The company and its peers Samsung Electronics and Micron Technology have become major beneficiaries of the artificial intelligence boom. Massive spending by data center operators is driving demand for traditional memory as well as a new class of high-bandwidth memory. The rush has made it more difficult to meet widespread demand for memory chips, leading to shortages in areas such as computers, mobile phones and cars. Guo Luzheng said that SK Hynix's analysis shows that this shortage may continue into the next decade. Customer signals also suggest that people don't expect to get enough memory chips for some time to come. Chinese concept stocks fell slightly, with the Nasdaq China Golden Dragon Index falling 0.23%, NetEase falling more than 4%, and Alibaba, JD.com, etc. closing higher. Trump says he has agreed to continue talks with Iran Qatari representatives go to Iraq to mediate Regarding the situation in the Middle East, according to Xinhua News Agency, U.S. President Trump posted on social media on July 10 that the United States had agreed to Iran’s proposal to continue negotiations, but the ceasefire had ended. Meanwhile, Qatari negotiators have traveled to Iran to continue their mediation efforts. Trump wrote: "Iran has asked the United States to continue 'negotiations,' and the United States has agreed to this proposal, but made it clear to Iran that the ceasefire has ended." When Trump attended the NATO summit in Ankara, the Turkish capital, on July 8, he said that he believed that the memorandum of understanding reached between the United States and Iran was "ended" and that he no longer wanted to deal with Iran. The U.S. military "is likely to hit Iran hard again tonight." According to US media reports on July 9, he said in an interview with reporters on his way back to the United States after attending the NATO summit that Iran "called not long ago and they are very eager to reach an agreement." The US military launched military strikes against Iran for two consecutive days on July 7 and 8 in response to Iran's recent attacks on merchant ships passing through the Strait of Hormuz, while Iran launched missile and drone attacks on US facilities in Bahrain, Kuwait, Qatar, Jordan and other countries. Iranian media: Iran denies new round of talks with US next week According to Xinhua News Agency, a person close to Iran's negotiating team denied reports that Iran and the United States will hold a new round of negotiations next week, saying that some foreign media reports "have no factual basis."
Earlier, the American Axios News website and other media reported that sources revealed that the United States and Iran are expected to hold a new round of negotiations next week, possibly in Switzerland. In this regard, the Fars News Agency's report quoted the above-mentioned insiders as saying that Iran will only release any progress in the Iran-US negotiations through official channels, and some foreign media reports are not credible. International oil prices and precious metals both closed lower Despite the resumption of war in the Middle East, U.S.-Iran negotiations seem to be continuing. Crude oil prices fell on July 10, with WTI closing down 0.79% and Brent oil closing down 1.42%. International gold and silver prices ended lower. As of the close, spot gold was trading at US$4,120.345 per ounce, falling below the US$4,100 mark during the session, and spot silver was trading at US$59.834 per ounce. (
Earlier, the American Axios News website and other media reported that sources revealed that the United States and Iran are expected to hold a new round of negotiations next week, possibly in Switzerland. In this regard, the Fars News Agency's report quoted the above-mentioned insiders as saying that Iran will only release any progress in the Iran-US negotiations through official channels, and some foreign media reports are not credible. International oil prices and precious metals both closed lower Despite the resumption of war in the Middle East, U.S.-Iran negotiations seem to be continuing. Crude oil prices fell on July 10, with WTI closing down 0.79% and Brent oil closing down 1.42%. International gold and silver prices ended lower. As of the close, spot gold was trading at US$4,120.345 per ounce, falling below the US$4,100 mark during the session, and spot silver was trading at US$59.834 per ounce. (