Pan Gongsheng, Li Yunzhe, and Wu Qing make a significant statement! It concerns reserve requirement ratio reductions, interest rate cuts, the stock market, and the real estate market...
The State Council Information Office held a press conference at 9 a.m., where Pan Gongsheng, the governor of the People's Bank of China, Li Yunzhe, the head of the National Financial Regulatory Administration, and Wu Qing, the chairman of the China Securities Regulatory Commission, introduced the situation regarding the 'package of financial policies to support market stability and stabilize expectations' and answered reporters' questions.
U.S. stock market closing | The three major Indices fell together, Growth Tech stocks declined broadly, with Tesla down nearly 2%; Chinese autonomous driving stocks soared, with Pony.ai rising nearly 48% and Wenyuan Zhixing rising nearly 32%.
After the Earnings Reports, Palantir dropped by 12%. Nuclear Power stocks CEG and OKLO rose by over 10%. During the same period, U.S. Treasury bond auctions were strong, and the yield on the ten-year U.S. Treasury bond accelerated its decline. After a significant rise over two days, the New Taiwan Dollar once dropped over 3%; after Merz was elected as Germany's Chancellor, the Euro refreshed its daily high. U.S. oil briefly rose nearly 5%. After the news of U.S.-China talks on Wednesday morning, the offshore renminbi briefly rose more than 100 points to break through 7.20, while Gold dropped over 1%.
U.S. stocks closed: Trade uncertainty rises, and the three major Indexes collectively declined.
① The CEO of NVIDIA stated that the AI market in China is expected to reach 50 billion dollars; ② AMD's revenue in the first quarter was 7.44 billion dollars, a year-on-year growth of 36%; ③ Super Micro Computer's net sales in the third quarter were 4.6 billion dollars, falling short of expectations.
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