US stocks: Middle East tensions cast a shadow, Dow Jones closes down 184 points, nvidia supports Nasdaq against the market trend.
The tension in the Middle East continues, and the market is awaiting the release of the US non-farm payroll data. The three major US stock indices continued their weakness on Thursday, with the Dow falling the most by 348 points to a low of 41,847 points, narrowing its closing decline to 184 points or 0.4%, closing at 42,011 points. The S&P 500 index closed down 9 points or 0.2% at 5,699 points; the Nasdaq stabilized with support from Nvidia (NVDA.US), closing slightly down 6 points for the day at 17,918 points. Nvidia rose against the market by 3.3% for the day, CEO Huang Renxun said the demand for the new Blackwell chip is quite crazy. Apple (AAPL.US) fell.
"China Dragon" ETF landed on Wall Street as the bull market returns, benchmarking the seven major ETFs in the US.
A new ETF called DRAG, "China Dragon", tracking the performance of major Chinese companies has landed on the US stock market. Its components currently include Tencent, Pinduoduo, Alibaba, Meituan, BYD, Xiaomi, JD.com, Baidu, and Netease. DRAG aims to track an equally weighted basket of stocks composed of the 5 to 10 largest and most innovative Chinese technology companies. This ETF will be rebalanced quarterly.
AngioDynamics, Ingevity, Levi Strauss And Other Big Stocks Moving Lower On Thursday
Express News | Ishares MSCI China ETF Down 3.9%, Ishares China Large Cap ETF Down 3.8%, Kraneshares CSI China Internet ETF Down 4.8%
Express News | Alibaba Down 3.6%, PDD Holdings Down 2.7%, NetEase Down 1.4%, Baidu Down 5.3%
DBS Initiates Baidu(BIDU.US) With Hold Rating, Announces Target Price $116
Express News | U.S. stocks opened lower across the board, with the Dow Jones falling by 0.25%, the Nasdaq falling by 0.38%, and the S&P 500 index dropping by 0.24%. China concept stocks are trading lower, with Bilibili dropping over 7%, Baidu down over 5%, Nio Inc, JD.c
What Seeking Alpha Analysts Think About the Tesla Robotaxi Event
Express News | DBS Bank: Downgraded Baidu Group's H股 rating to hold, target price of 114 Hong Kong dollars; downgraded Baidu Group's ADR rating to hold, target price of 116 US dollars.
HSBC Maintains Baidu(BIDU.US) With Hold Rating, Raises Target Price to $120
Shares of US-listed Chinese Stocks Are Trading Lower as the Sector Pulls Back From Recent Strength. These Companies Rallied After the People's Bank of China Announced a New Stimulus Package Ahead of the Golden Week Holidays.
US stock market outlook: Three major futures indexes narrowed their pre-market declines, with most Chinese concept stocks weakening; Goldman Sachs is once again 'rooting' for the S&P! US stocks will see a big rise at the end of the year.
The Fed leads the way! The global rate cut pace is beginning to accelerate significantly; ongoing strikes at US ports lead to a sudden increase in inflation risks; Berkshire Hathaway plans to issue yen bonds for the second time this year, analysts say Buffett may be eyeing financial and shipping stocks.
Zephirin Group Downgrades Baidu to Hold Medium Risk From Buy Medium Risk, Cuts Price Target to HK$90 From HK$110
Funds are rushing to buy in large quantities! Several Chinese concept stocks, china assets etfs have doubled, who is betting on them?
Behind the recent rise in Chinese assets, foreign capital with keen sense of smell is undergoing significant changes, returning to the Chinese market has become the hottest topics now.
Hang Seng Index fell by 330 points, mainland real estate stocks gave back gains, Meituan reversed the increase by 4%.
Hang Seng Index consolidated after six consecutive sharp rises stimulated by mainland financial measures. The Hang Seng Index opened high with a 40-point increase but then fell back. It once dropped 1,001 points to a low of 21,442 points, the afternoon decline narrowed significantly, closing down 330 points or 1.5% at 22,113 points; the China Enterprises Index fell 127 points or 1.6%, closing at 7,914 points; the Hang Seng Tech Index fell 178 points or 3.5%, closing at 4,978 points. The total turnover in the market for the day shrank to 310.344 billion yuan. Mainland real estate stocks retreated, Shimao (00813.HK), Sunac China (01918.HK), and Country Garden (00884.HK) all dropped by 21 points.
Express News | Ishares MSCI China ETF Down 2.5%, Ishares China Large Cap ETF Down 2%, Kraneshares CSI China Internet ETF Down 3.2%
Express News | PDD Holdings Down 3.5%, NetEase Down 1.4%, Baidu Down 3%
Express News | Li Auto Down 2.3%, JD.com Down 3.1%, NIO Down 3.6%, Xpeng Down 3.8%
Express News | Alibaba Down 2.3%, Bilibili Down 6.1%, Tencent Music Entertainment Down 3.4%
Express News | U.S. Listed Shares of Chinese Firms Fall Premarket After Hong Kong Stocks Close Lower