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Trump sparks a rally in the US dollar! US stocks and bitcoin hit new highs, with the Dow rising 1500 points, small cap stocks surging, while US bonds and metals plummet.
Dow rises to the best level in two years, small cap index rises nearly 6%, banking stocks rise over 10%, oil, steel, and crypto stocks surge, European and American solar stocks all collapse, Trump media technology rises by almost 35% before closing up by about 6%, Tesla rises by nearly 15% to a two-year high, Qualcomm rises by 10% after the bell. Chinese concept stocks narrow their declines, NIO Inc and Zeekr drop over 5%. 10-year US Treasury yield rises the most by 20 basis points nearing 4.48%, reaching a four-month high along with a 1.7% rise breaking 105 in the USD index, Bitcoin rises by 9% nearing $0.076 million, offshore RMB drops by a thousand points to below 7.20, a three-month low, Euro and Yen once fell by 2%. Gold drops over 3%, London copper drops over 4%.
Express News | The nasdaq china golden dragon index fell more than 2% at the opening, with jinkosolar falling more than 12%, canadian solar falling 11%, bilibili falling 6.5%, xpeng falling more than 6%, new oriental falling 5.7%, and nio inc falling 5.68%.
Jinkosolar (688223) Third Quarter Report Review in 2024: Gross margin improvement on a quarter-on-quarter basis, actively promoting global layout.
Subject: The company released the third quarter report for 2024. From 2024 Q1 to Q3, the company achieved revenue of 71.77 billion yuan, a year-on-year decrease of 15.66%; net income attributable to shareholders was 1.215 billion yuan, a year-on-year decrease of 80.88%; gross margin 9.
U.S. stock market anomaly | Photovoltaic solar stocks generally fell before the market opened, with JinkoSolar and many other stocks falling by more than 10%.
Gelonghui November 6th | Sunrun fell more than 12% pre-market, first solar, Canadian Solar, JinkoSolar fell more than 11%, Daqo New Energy fell more than 9%, the AES Corp fell more than 4%. On the news front, Republican presidential candidate Trump defeated Harris and announced his victory in the 2024 presidential election. Some analysts have suggested that a Harris victory would mean the status quo remains unchanged, continuing solar tax credits and incentives, which could have a positive impact on solar companies and other alternative energy providers such as wind and hydro power companies. (Gelonghui)
Express News | Galaxy Securities: Optimistic about the future development of the photovoltaic industry in the short, medium, and long term.
U.S. stocks anomaly | Component prices have recently shown a trend of bottoming out and rebounding, jinkosolar (JKS.US) rose more than 5%.
On November 4th, jinkosolar (JKS.US) stock price fluctuated and rose, up 5.24% as of press time, reaching $28.805.
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