Global Market: The three major U.S. stock indexes closed higher, the Nasdaq rose nearly 1%, and SK Hynix soared more than 27%
1. The Dow rose 0.02%, the Nasdaq rose 0.9%, and the S&P 500 rose 0.38%. 2. Storage concept stocks rose sharply, with SK Hynix rising by over 27%, SanDisk rising by over 5%, and Micron Technology rising by nearly 5%. 3. Nvidia and Intel rose by more than 4%, ASML and AMD rose by more than 2%, Google rose by nearly 2%, and Arm fell by nearly 6%.
U.S. stock market: The three major U.S. stock indexes closed higher on July 14. As of the close, the Dow Jones Industrial Average rose 9.63 points from the previous trading day to close at 52508.27 points, an increase of 0.02%; the S&P 500 stock index rose 28.25 points to close at 7543.59 points, an increase of 0.38%; the Nasdaq Composite Index rose 233.83 points to close at 26107.01 points, an increase of 0.9%. Most large technology stocks rose. Nvidia and Intel rose by more than 4%, ASML and AMD rose by more than 2%, Google rose by nearly 2%, Qualcomm fell by more than 3%, and Arm fell by nearly 6%. Storage concept stocks surged, with SK Hynix rising over 27% and closing at a 51% premium to Korean listed stocks, SanDisk rising over 5%, and Micron Technology rising nearly 5%. Cryptocurrency concept stocks, computer hardware, metals and mining sectors all rose. Conte Technology rose by more than 9%, Dell Technology rose by more than 7%, Strategy rose by nearly 6%, Quantum and Southern Copper rose by more than 4%, American Silver Company rose by nearly 4%, Applied Materials rose by more than 3%, and Coinbase rose by more than 2%. Medical equipment and weight loss drugs fell, with Abbott falling more than 3% and Eli Lilly falling more than 2%. IBM closed down 25%, evaporating nearly $70 billion in market value. Popular Chinese concept stocks had mixed gains and losses, with the Nasdaq China Golden Dragon Index falling 0.11%. Xpeng Group rose by more than 3%, iQiyi and Li Auto rose by more than 2%, Weilai rose by more than 1%, NetEase fell by more than 2%, and Baidu fell by more than 3%. European stock market: All three major European stock indexes rose on July 14. The Financial Times' average price index of 100 stocks in the London stock market closed at 10529.39 points, up 31.1 points or 0.3% from the previous trading day; the CAC40 index in the Paris stock market in France closed at 836 6.85 points, an increase of 2.2 points, or 0.03%, from the previous trading day; the DAX index of the Frankfurt stock market in Germany closed at 25147.03 points, an increase of 32.78 points, or 0.13%, from the previous trading day. Commodity market: International oil prices rose on July 14. As of the close of the day, the continuous contract of WTI crude oil futures on the New York Mercantile Exchange rose by $1.69 to close at $79.83 per barrel, an increase of 2.16%. The continuous contract of COMEX gold futures for the month rose by US$52.60, or 1.31%, to US$4,058.3 per ounce. The continuous contract of COMEX silver futures for the month rose by US$1.07, or 1.84%, to US$59.04 per ounce. Spot gold rose $51.83, or 1.30%, to $4,052.96 per ounce. Spot silver rose $1.05, or 1.82%, to $58.71 per ounce. Trump says he will cancel “compensation” levied on Gulf countries related to Strait of Hormuz controls On July 14, local time, U.S. President Trump posted on the social media platform "Truth Social" that based on fruitful talks with leaders of the Middle East countries, he decided to cancel the "20% U.S. compensation fee" and instead let the Gulf countries reach trade and investment agreements with the United States. US military says it has restored naval blockade on Iran On July 14, local time, the U.S. Central Command stated that the U.S. military had resumed a maritime blockade against ships entering and leaving Iranian ports and coastal areas at 16:00 Eastern Time (23:30 on the 14th, Tehran time). The U.S. Central Command stated that there are currently more than 20 U.S. Navy warships and hundreds of military aircraft performing missions in the Middle East. Lucid denies rumors that it is considering privatization or filing for bankruptcy, and its stock price plunged more than 50% during the session. U.S. electric car maker Lucid Group denied a report in a blog post on Tuesday local time, saying it was "completely untrue" that the company was considering a privatization transaction or filing for Chapter 11 bankruptcy protection. During U.S. stock trading, the company's stock price plunged more than 50%, the largest one-day drop since its listing. However, after the company denied rumors of privatization or bankruptcy, the stock price decline narrowed to 15%. Circuit breakers have been triggered multiple times this year. Who is creating a "roller coaster" for the Korean stock market?
In just half a month, the Korean stock market fell from "mania" to "ice cellar". On July 14, the Korean stock market staged a "roller coaster" market. South Korea's KOSPI index fell more than 5% intraday, and the Korean Exchange activated the SIDECAR mechanism and suspended KOSDAQ programmed selling. In the afternoon, news emerged that South Korea's financial regulatory authorities would hold a high-level meeting on Thursday, driving the index to a "V-shaped" rebound, with the KOSPI index finally closing up 0.73%. And just this Monday (July 13), the KOSPI index triggered a circuit breaker for the seventh time this year. Buffett begins to "clear out" himself and announces eight-year donation schedule On Tuesday local time, the legendary American "stock god" Buffett announced that he plans to completely dispose of his remaining Berkshire Hathaway shares in the next eight years. Buffett, who will celebrate his 96th birthday next month, currently holds more than $140 billion in Berkshire shares. Apple stock receives rare negative rating, investment bank warns current valuation is too high and growth is under pressure Apple received a rare negative rating: Investment bank KeyBanc Capital Markets downgraded Apple's stock rating to "underweight", citing concerns about its demand outlook and valuation levels. KeyBanc analyst Brandon Nispel previously gave Apple stock the equivalent of a "hold" rating. His latest statement is that Apple’s current valuation relative to the overall market “lacks a reasonable basis.” Russia and the United States formulate a joint plan to end the operation of the International Space Station by the end of 2030 A reporter from the main station learned on the 14th local time that the Secretariat of Russian First Deputy Prime Minister Manturov announced that after the visit of NASA Administrator Isaac Mann, Russia and the United States have formulated a joint plan, and the operation of the International Space Station is planned to end by the end of 2030. The two sides also discussed emergency mutual assistance cooperation at national orbital stations, lunar exploration cooperation projects, and joint experiments in space medicine and biology. Global quantum computing research enters a critical leap period Quantum computing, as an important field in the new round of scientific and technological revolution, has entered a critical leap period approaching a practical breakthrough. The world's technological powers have introduced relevant policies and increased investment, and global quantum computing research is further heating up and continuing to develop in depth.
In just half a month, the Korean stock market fell from "mania" to "ice cellar". On July 14, the Korean stock market staged a "roller coaster" market. South Korea's KOSPI index fell more than 5% intraday, and the Korean Exchange activated the SIDECAR mechanism and suspended KOSDAQ programmed selling. In the afternoon, news emerged that South Korea's financial regulatory authorities would hold a high-level meeting on Thursday, driving the index to a "V-shaped" rebound, with the KOSPI index finally closing up 0.73%. And just this Monday (July 13), the KOSPI index triggered a circuit breaker for the seventh time this year. Buffett begins to "clear out" himself and announces eight-year donation schedule On Tuesday local time, the legendary American "stock god" Buffett announced that he plans to completely dispose of his remaining Berkshire Hathaway shares in the next eight years. Buffett, who will celebrate his 96th birthday next month, currently holds more than $140 billion in Berkshire shares. Apple stock receives rare negative rating, investment bank warns current valuation is too high and growth is under pressure Apple received a rare negative rating: Investment bank KeyBanc Capital Markets downgraded Apple's stock rating to "underweight", citing concerns about its demand outlook and valuation levels. KeyBanc analyst Brandon Nispel previously gave Apple stock the equivalent of a "hold" rating. His latest statement is that Apple’s current valuation relative to the overall market “lacks a reasonable basis.” Russia and the United States formulate a joint plan to end the operation of the International Space Station by the end of 2030 A reporter from the main station learned on the 14th local time that the Secretariat of Russian First Deputy Prime Minister Manturov announced that after the visit of NASA Administrator Isaac Mann, Russia and the United States have formulated a joint plan, and the operation of the International Space Station is planned to end by the end of 2030. The two sides also discussed emergency mutual assistance cooperation at national orbital stations, lunar exploration cooperation projects, and joint experiments in space medicine and biology. Global quantum computing research enters a critical leap period Quantum computing, as an important field in the new round of scientific and technological revolution, has entered a critical leap period approaching a practical breakthrough. The world's technological powers have introduced relevant policies and increased investment, and global quantum computing research is further heating up and continuing to develop in depth.