U.S. memory chip stocks plummet, Chinese assets surge
On July 15, local time, the three major U.S. stock indexes closed slightly higher. The Dow Jones Industrial Average rose 0.29%, the S&P 500 gained 0.38% and the Nasdaq rose 0.62%. Most of the large U.S. technology stocks rose, and the semiconductor sector was obviously under pressure. Storage concept stocks fell sharply. Micron Technology, SanDisk, and Western Digital all fell by more than 8%, SK Hynix fell by 9%, and the Philadelphia Semiconductor Index fell by more than 2%. Most popular Chinese concept stocks rose, with the Nasdaq China Golden Dragon Index rising 2.92%.
On July 15, local time, the three major U.S. stock indexes closed slightly higher. The Dow Jones Industrial Average rose 0.29%, the S&P 500 gained 0.38% and the Nasdaq rose 0.62%. Most of the large U.S. technology stocks rose, and the semiconductor sector was obviously under pressure. Storage concept stocks fell sharply. Micron Technology, SanDisk, and Western Digital all fell by more than 8%, SK Hynix fell by 9%, and the Philadelphia Semiconductor Index fell by more than 2%. Most popular Chinese concept stocks rose, with the Nasdaq China Golden Dragon Index rising 2.92%. Most large U.S. technology stocks rose U.S. large technology stocks overall strengthened, with the Wind Seven U.S. Technology Index rising 2.47%. Among them, Apple rose by more than 4%, Google, Meta and Amazon all rose by more than 3%, Microsoft rose by more than 2%, Nvidia rose by 0.33%; Tesla fell by 0.43%. SpaceX's stock price fell 0.6% to US$135.27 per share, once falling below the issue price during the session. Most chip stocks fell, with the Philadelphia Semiconductor Index closing down 2.08%. Among them, Micron Technology, SanDisk, and Western Digital all fell by more than 8%, SK Hynix fell by 9%, Marvell Technology fell by more than 7%, Intel fell by more than 4%, AMD fell by more than 3%; ASML rose by more than 2%. The Nasdaq China Golden Dragon Index rose 2.92%, and the Wind China Concept Technology Leading Index rose 3.82%. Julong Online rose more than 36%, Alibaba rose more than 4%, and Pinduoduo rose more than 2%. International oil prices continue to rise In the commodity market, geopolitical conflicts in the Middle East continue, and international oil prices continue to rise. According to Xinhua News Agency, 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%. International precious metal futures generally ended lower. COMEX gold futures fell 0.07% to US$4,066.90 per ounce. London gold spot prices rose slightly by 0.19% to US$4,060 per ounce. COMEX silver futures fell by 1.7% to US$58.1 per ounce. London silver spot prices fell by 1.45% to US$57.835 per ounce. On the news, according to Xinhua News Agency, the U.S. Central Command posted on social media on the 15th that the U.S. military launched the second wave of strikes against Iran at 15:00 Eastern Time on the 15th (3:00 Beijing time on the 16th). U.S. Central Command said the strike was "intended to weaken Iran's military capabilities to threaten shipping navigation in the Strait of Hormuz." (