U.S. chip stocks fell late at night, San Disk fell more than 6%, Chinese assets exploded, Alibaba rose nearly 8%, and Miniso surged 10%
On the evening of July 15th, Beijing time, the three major U.S. stock indexes collectively rose at the opening. As of 9:40, the Dow Jones Index rose 0.43%, the S&P 500 Index rose 0.38%, and the Nasdaq Composite Index rose 0.56%. Most technology giants rose, with Apple rising more than 3%, Amazon and Microsoft rising more than 2%, and Tesla, Google and SpaceX rising more than 1%. Most popular chip stocks fell, with the Philadelphia Semiconductor Index falling 1.4%. SK Hynix fell nearly 7%, SanDisk fell more than 6%, Western Digital fell nearly 4%, and Micron Technology fell more than 3%.
On the evening of July 15th, Beijing time, the three major U.S. stock indexes collectively rose at the opening. As of 9:40, the Dow Jones Index rose 0.43%, the S&P 500 Index rose 0.38%, and the Nasdaq Composite Index rose 0.56%. Most technology giants rose, with Apple rising more than 3%, Amazon and Microsoft rising more than 2%, and Tesla, Google and SpaceX rising more than 1%. Most popular chip stocks fell, with the Philadelphia Semiconductor Index falling 1.4%. SK Hynix fell nearly 7%, SanDisk fell more than 6%, Western Digital fell nearly 4%, and Micron Technology fell more than 3%. NOVA, Broadcom, and ARM rose slightly. Optical communications stocks generally fell, with Corning and Lumentum falling more than 6%. BlackRock's stock price rose by more than 8%, attracting net capital inflows of nearly US$200 billion in the second quarter, and total assets exceeded US$15 trillion for the first time. China's assets exploded, and the Nasdaq China Golden Dragon Index rose by more than 3%. Leading the gains were China Concept Technology, with Alibaba rising nearly 8%, and Alibaba Qianwen will be integrated into Apple Smart as an AI capability (details); Meituan rose more than 6%, and Tencent Holdings, JD.com, Baidu, and Pinduoduo rose more than 3%. In addition, SoYoung and Miniso rose by more than 10%, Canadian Solar rose by more than 9%, Beike rose by more than 7%, and Bilibili and Xpeng Motors were among the top gainers. In terms of commodities, gold and silver rose and fell back. Spot gold was last quoted at US$4,055.14 per ounce, and spot silver was last reported at US$58.29 per ounce. International oil prices fluctuated and rose, with New York crude oil at $80.44/barrel, up more than 1% on the day, and Brent crude oil at $85.39/barrel, up 0.78% on the day. Bitcoin was last quoted at US$65,303 per coin, up more than 2% during the day, Ethereum rose more than 3%, ZEC rose more than 10%, and major currencies such as SOL and Dogecoin all followed suit. On the news, according to Xinhua News Agency, the US military said it carried out a 90-minute strike against Iran. The US Central Command issued a statement on social media on the 15th, stating that the US military completed a round of "morning strikes" against Iran at 7:30 US Eastern Time on the 15th (19:30 Beijing time on the 15th). The attack began at 6:00 EST on the 15th. The statement said that during the 90-minute strike, the US military launched precision-guided munitions against the coastal defense system and cruise missile storage and launch sites on Grand Tunbu Island. The airstrike "further weakened Iran's ability to attack commercial ships in the Strait of Hormuz." According to the Associated Press, the U.S. PPI in June increased by 5.5% year-on-year, and was expected to be 6.2%; it fell by 0.3% month-on-month, and was expected to be unchanged. The core PPI in the United States in June increased by 4.7% year-on-year, and was expected to increase by 5.2%; it increased by 0.2% month-on-month, and was expected to increase by 0.4%. In terms of the Federal Reserve raising interest rates, the previously announced June CPI dropped sharply by 0.4% month-on-month, marking the first month-on-month negative growth since 2020. U.S. inflation slowed unexpectedly sharply, prompting traders to withdraw bets that the Federal Reserve could raise interest rates as early as July. Combining this CPI data with the latest statement from the Federal Reserve, Wu Qidi, director of Yuanda Information Securities Research Institute, believes that it is reasonable for the market to cool down on interest rate hike expectations. The probability of the Federal Reserve raising interest rates again this year has dropped significantly, and the possibility of radical interest rate hikes can basically be ruled out. This round of inflation has fallen more than expected, coupled with the continued weakening of core inflation, which has significantly weakened the need for the Federal Reserve to continue raising interest rates. Judging from the current data, the downward trend of inflation is clear. There is no need for the Federal Reserve to increase tightening by further raising interest rates. The core tone of subsequent policies will shift from "anti-inflation" to "observation and verification and maintenance of stability." (details) (