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iShares China Large-Cap ETF Newsroom
US stock market early market | The three major indices all fell, with the Nasdaq falling nearly 1%, apple falling nearly 3%; Chinese concept stocks strengthened against the market trend, ke holdings rose nearly 5%, li auto inc rose nearly 4%
On the evening of the 1st Beijing time, US stocks opened lower on Tuesday. Powell's remarks on Monday dispelled market bets on another significant rate cut. This week, the market will focus on September non-farm payrolls and other economic data to further determine the Fed's interest rate outlook.
US stock market preview | The three major futures indexes fell before the market, Chinese concept electric vehicle stocks continued to rise; Is a significant rate cut hopeless? Powell expects two more 25 basis point rate cuts this year.
Blackrock upgrades its rating on Chinese stocks to overweight; Tesla wins the lawsuit in the investor lawsuit triggered by Musk's autonomous driving marketing.
U.S. stocks are surging | Chinese concept stocks continue to strengthen! Futu surged nearly 12% overnight; U.S. retail sector as a whole on the rise, Home Depot, Lowe's both hitting new highs for the year.
In terms of major tech companies reaching all-time highs in the US stock market, Home Depot rose 1.42% to the top of the leaderboard, Lowe's Companies increased by 1.39%, and Fiserv financial services rose by 0.71%.
"Golden September" battle report is here! Ideal, Xiaopeng and other car companies achieved record high deliveries, Xiaomi SU7 broke ten thousand for four consecutive months.
On October 1st, major automakers successively announced their September sales performance. Li Auto Inc, Xpeng, and zeekr set new historical highs in delivery volume, and Leapmotor firmly secured a spot in the "0.03 million club". Xiaomi's autos delivered over 10,000 units of the SU7 model in September, achieving the milestone of over ten thousand deliveries for the fourth consecutive month.
Alibaba, PDD Holdings, and JD.com have a combined market cap that is only one-fourth of Amazon's. Goldman Sachs: Huge room for revaluation of the value of Chinese e-commerce.
Goldman Sachs pointed out that the median PE ratio of the Chinese internet plus-related industry for the next 12 months is 14.3 times, with a discount of over 40% compared to the USA internet plus-related industry. The valuations of e-commerce companies such as alibaba, pdd holdings, and jd.com are only 9-12 times, still lower than the median of the chinese internet plus-related industry, with great potential for value reassessment.
A general strike is imminent, with port employers in the USA proposing a 50% pay raise.
The United States Maritime Alliance (USMX) has announced a nearly 50% increase in dock workers' wages in an effort to resume negotiations with the International Longshoremen's Association (ILA).
Major shift in the Fed's hawkish leaning voting committee: Open to cutting rates by 50 basis points again if employment weakens.
Atlanta Fed President Bostic recently stated that if the upcoming US non-farm data shows slower job growth than expected, he will be open to the Fed cutting interest rates by 50 basis points again. Bostic revealed that in the September dot plot this year, he predicted only one 25 basis point rate cut in addition to the 50 basis point cut in September. Bostic mentioned the standard of non-farm job additions of around 0.1 million.
China and the United States are worlds apart! The Chinese stock market is bouncing back strongly, while US funds are being massively sold off.
On Monday, a total of 5,088 stocks in China's stock market rose, with only 4 stocks falling.
Directly hinting at a rate cut! Lagarde stated that in October, they will consider 'increased confidence in controlling inflation'.
Various signs indicate that the European Central Bank may cut interest rates again by mid-October, just three weeks after lowering policy rates. Two weeks ago, the market was still expecting the next rate cut to be in December. Following changes in market pricing and analyst expectations, Lagarde's statement is undoubtedly a very strong policy hint.
Fed's Quarles: There is a good reason to cut interest rates significantly, dock strikes may disrupt the supply chain.
①Goolsbee stated that, given the current economic situation and its possible direction, he believes the Federal Reserve has reasons to significantly cut rates; ②Goolsbee also mentioned the port strike issue, expressing concern that the dock workers' strike may continue to be prolonged, which could lead to serious supply chain disruptions.
Avoiding the "September curse", the U.S. stock market in October faces economic risks.
After saying goodbye to the September 'curse' in the US stock market, investors expect the US stock market to continue to rise in October. The put/call ratio in the options market has dropped to its lowest level since July 2023, and the s&p 500 index is expected to achieve its best performance in the first nine months since 1997, both showing investors' optimism. However, investors are still paying attention to the upcoming employment report and the actions of the Federal Reserve, as data from the New York Fed and others indicate a higher risk of economic recession in the US in the next year, and uncertainty about the Fed's next steps.
Powell hawkish? Read the full text of the speech and key points of the Q&A in one article.
Powell's speech this time is seen as slightly hawkish. He hinted that the Fed is not in a hurry to cut interest rates, saying that the 'very large' upward revision of personal income announced last week has eliminated the downside economic risks; the U.S. labor market is robust but has cooled significantly over the past year, and the Fed does not need further cooling of this market; if economic developments are in line with expectations, policies will become more neutral over time, with the Fed's basic expectation of two more 25 basis point rate cuts this year; Fed decisions are not pre-determined, but depend on overall data, with most of the data considered for the November meeting still unpublished; decisions will take into account data released during the quiet period; only make decisions during the meeting.
Top 20 turnover | Apple rose more than 2%, with a turnover exceeding 12.6 billion US dollars; pdd holdings fell by 0.42%, with a cumulative increase of over 40% in September
On Monday, the turnover of the US stock market's top performer nvidia rose by 0.03%, with a turnover of $27.304 billion; the second-place tesla rose by 0.45%, with a turnover of $21.009 billion; the third-place apple rose by 2.29%, with a turnover of $12.669 billion.
US stocks close | Dow, S&P reach new highs, Apple rises over 2%; Chinese concept stocks Jinlongji up nearly 30% in September, fangdd network doubles in a day, tal education up nearly 10%
Fed's hawkish remarks dispelled market bets on a significant rate cut in November, but US stocks turned higher in late trading, with the chip index down 0.9% and the Chinese concept index up 7% before closing up 0.5%. S&P recorded its first September gain since 2019, with the Chinese concept index up nearly 30% in September. Nvidia opened low on Monday, up slightly by 2.7%, but marking its first quarterly decline since 2022, while Nio Inc surged over 18% at the open and closed up 2.5%.
IShares China Large-Cap ETF Options Spot-On: On September 30th, 1.39 Million Contracts Were Traded, With 4.79 Million Open Interest
On September 30th ET, $iShares China Large-Cap ETF(FXI.US)$ had active options trading, with a total trading volume of 1.39 million options for the day, of which put options accounted for 12.21% of
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