Late night surge, Chinese assets exploded
[Dahe Finance Cube News] On July 16, local time, the three major U.S. stock indexes continued their rebound momentum, with the Dow Jones Industrial Average rising 0.29%, the S&P 500 Index rising 0.38%, and the Nasdaq Composite Index rising 0.62%. The performance of technology stocks was divided, with most of the seven technology giants in the US stocks rising. Apple rose more than 4% to hit a record high, Google rose more than 3%, Facebook rose more than 3%, Amazon rose more than 3%, Microsoft rose nearly 3%, Nvidia rose 0.33%, and Tesla fell 0.43%. Leading chip stocks fell sharply collectively.
[Dahe Finance Cube News] On July 16, local time, the three major U.S. stock indexes continued their rebound momentum, with the Dow Jones Industrial Average rising 0.29%, the S&P 500 Index rising 0.38%, and the Nasdaq Composite Index rising 0.62%. The performance of technology stocks was divided, with most of the seven technology giants in the US stocks rising. Apple rose more than 4% to hit a record high, Google rose more than 3%, Facebook rose more than 3%, Amazon rose more than 3%, Microsoft rose nearly 3%, Nvidia rose 0.33%, and Tesla fell 0.43%. Leading chip stocks fell sharply collectively. Micron Technology fell by more than 8%, Micron Technology fell by more than 7%, Intel fell by more than 4%, and AMD Semiconductor fell by more than 3%. The Philadelphia Semiconductor Index fell 2.08%. Industry insiders pointed out that the reason for the large-scale decline in U.S. memory chip stocks that day was that the market was concerned that competition in the global memory chip industry would further intensify. It is noteworthy that Chinese assets experienced an explosion last night. The Nasdaq China Golden Dragon Index rose 2.92%, and the Wind China Technology Leading Index rose 3.82%, leading the rise in the US stock index. In terms of individual stocks, Minso Premium rose by more than 9%, Meituan and Manbang Group rose by more than 6%, Zai Lab rose by nearly 6%, Beike rose by nearly 6%, Qifu Technology rose by more than 5%, Tencent and Alibaba rose by more than 4%, and BOSS Zhipin rose by more than 4%. Alibaba's stock surged nearly 8% during the session. According to previous reports, Alibaba Qianwen will be integrated into Apple smart terminals as an AI capability. On Wednesday local time, data released by the U.S. Bureau of Labor Statistics showed that the U.S. producer price index (PPI) in June rose 5.5% year-on-year and decreased 0.3% month-on-month. The core PPI, which excludes food and energy prices, rose 4.7% year-on-year and increased 0.2% month-on-month. The above data were lower than market expectations. After the data was released, market expectations for the Federal Reserve to raise interest rates at its July policy meeting further cooled. Regarding the situation in the Middle East, since the 11th, the US military has launched military strikes against Iran for five consecutive days. On the 15th local time, the US military launched two waves of strikes against Iran. The target of the attacks was "aimed at weakening Iran's ability to control the Strait of Hormuz." Iran continues to attack US military bases in the region. Iran said that so far, the US attack on the country in July has caused 335 casualties. A spokesman for the Iranian Ministry of Foreign Affairs said that Iran currently has no negotiation plans. International oil prices rose slightly on the 15th. As of the close of the day, the price of light crude oil futures for August delivery on the New York Mercantile Exchange rose 26 cents to close at US$79.60 per barrel, an increase of 0.33%; the price of London Brent crude oil futures for September delivery rose 22 cents to close at US$84.95 per barrel, an increase of 0.26%. (