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US stock market closing | The three major Indexes rose slightly, with most Growth Tech stocks increasing, and Tesla rose another 3.5%; Chinese concept stocks continued to adjust, with PDD Holdings dropping over 2%.
The three major U.S. stock indices briefly turned down, but the S&P and Nasdaq ended with slight gains. Among the Magnificent 7, only NVIDIA fell, while Tesla rose over 3%; after the Earnings Reports, nuclear energy stock Oklo dropped over 6%; Trump's media company rose nearly 9%. Following consumer confidence, U.S. Treasury yields refreshed their daily lows. The USD ended a four-day winning streak. Crude Oil Product turned down during trading; Gold reversed two consecutive losses; London Copper closed above 0.01 million dollars, hitting a nearly ten-month high.
U.S. stock market movement | DJT Media Technology Group (DJT.US) surges over 13% after partnering with Crypto.com to issue a Currency ETF.
On Tuesday, Trump's Media Technology Group (DJT.US) surged over 13%, reaching $23.94.
In collaboration with Crypto.com, Trump is set to launch a Digital Currency ETF.
Trump Media Company has partnered with Crypto.com to launch ETFs and related products under the Truth.Fi brand, investing in digital Assets and "Made in USA" themed securities, with plans for a Global launch later this year.
Hong Kong stocks fluctuate | Bitcoin falls below the $0.08 million mark, Cryptos ETF and related Concept stocks lead in declines.
The declines of Currency ETFs and related concept stocks are leading, as of the time of writing, Bosera Ethereum (03009) is down 10.4%, priced at 1.43 Hong Kong dollars; Harvest Ethereum (03179) is down 10.3%, priced at 4.494 Hong Kong dollars.
State Street: The size of Currency ETFs will surpass that of Precious Metals ETFs.
On March 3, according to the Financial Times of the United Kingdom, State Street, the largest ETF service provider by asset size globally, predicts that by the end of this year, the surge in demand for Cryptos ETFs will push their total assets beyond that of Precious Metals ETFs in North America. This will make Cryptos ETFs the third largest asset class in the rapidly growing $15 trillion ETF Industry, following Stocks and Bonds, and ahead of Real Estate, alternative, and multi-asset Funds. "We are very surprised by the growth rate of Cryptos," said Frank Koudelka, Global Head of ETF Solutions at the bank. "I expect there will be pent-up demand."
ETF Afternoon Review | The robotics sector experienced a significant decline, with both the Robotics ETF and Robotics ETF Fund dropping over 5%. The "mini" Currency ETF had unusual movements and led the gains, with the Penghua Value-Added Exchanged Money
On February 28, Gelonghui reported that the three major A-share Indexes collectively fell in the early session. By midday, the Shanghai Composite Index was down 0.88%, the Shenzhen Component Index down 1.37%, the Chinext Price Index down 2.07%, and the Bắc Kinh 50 Index down 1.48%. The All Market's turnover for the half day was 1153.3 billion yuan, decreasing by 184.1 billion yuan compared to the previous day. Over 4200 stocks in the All Market were in the red. In terms of sectors, Oil & Gas extraction and services, as well as Small Metal, showed the largest gains; humanoid robots, CPO, and Copper cable high-speed connection sectors had the largest declines. In the ETF sector, the "mini" Currency ETF saw unusual activity leading the gains, while the Penghua Value-Added Exchanged Money Market Fund-B and Huatai increased by 4% respectively.