U.S. stocks closed with the expectation of interest rate cuts boosted by non-farm payrolls, with the S&P and Nasdaq hitting new highs! Tesla rose nearly 38% in eight days, while Nvidia cooled off.
In June, non-farm payroll employment in the USA fell sharply, with significant downward revisions to previous data, and the unexpected rise in unemployment rate highlighted a cooling labor market, leading the market to bet over 70% on rate cuts in September and December.
Tencent wants to invest money in the most critical areas.
They voluntarily withdrew or contracted many businesses.
PDD Holdings Unusual Options Activity
High-rolling investors have positioned themselves bullish on PDD Holdings (NASDAQ:PDD), and it's important for retail traders to take note.\This activity came to our attention today through Benzinga's
Express News | Ishares China Large Cap ETF Down 2%, Kraneshares CSI China Internet ETF Down 2.3%
Express News | Meituan announced that it will repurchase 4.1932 million shares on July 5, 2024, with a repurchase price of 117.7-120 Hong Kong dollars per share, totaling approximately 0.5 billion Hong Kong dollars.
U.S. stock market preview: Heavyweight news! Non-farm data exceeds expectations, and the three major equity index futures jump; Fed "top three": there is still a long way to go to maintain the 2% inflation target.
The US earnings season will kick off next week, putting the US stock market to the test; the increase in US currency supply indicates a reversal of the concentration trend in the US stock market, and mid-small cap stocks may have opportunities; over 1 million chips will be shipped! Nvidia's sales in China are expected to reach $12 billion this year.
Taobao Live changes leadership! Cheng Dao Fang: Will invest in the intelligent industry.
Cheng Daofang confirmed that he has left the position of head of the Taotian Content E-commerce Division this week, and stated that he will be undertaking related work for Asia Vets in the future. The successor has previously held positions such as Alibaba Cloud technology expert and general manager of Alibaba UC Business Unit.
Express News | On July 5th, Tencent repurchased 2.63 million shares for a total cost of approximately 1.003 billion Hong Kong dollars.
Foreign institutions are bullish on Chinese assets, and these symbols are worth paying attention to.
Strategists believe that there are clear signs of economic recovery in China, which is bullish for the company's performance and further supports its valuation.
Express News | Meituan: Repurchased 4.1739 million shares on July 4, 2024, with a buyback price of HKD 118.9-119.9 per share and a total cost of approximately HKD 0.5 billion.
In June, China's e-commerce logistics index was 114.8 points, an increase of 0.9 points.
The China e-commerce logistics index for June 2024, jointly released by China Federation of Logistics & Purchasing and JD.com, was 114.8 points, with an expanded increase of 0.9 points.
Hong Kong stocks rose collectively, with the three major indexes up. The technology index increased by nearly 1%. Banks, gold, and auto stocks performed well, with China Construction Bank up more than 3% and NIO Inc up more than 5%.
The three major stock indexes in Hong Kong opened high and fell back in the morning trading session, with the Hang Seng Index and the National Index turning down several times in the intraday trading but finally rising by 0.28% and 0.23%, respectively. The Hang Seng Tech Index maintained its upward trend throughout the day, closing up by 0.63%, and had an initial surge of 2.3%.
During the summer vacation, Dai Chang and Da Zuo put on a big show together! Mihoyo's new work has gained an advantage.
Following Genshin Impact and Honkai Impact, miHoYo's self-made game Juequ Zero was launched in public beta this morning. During the pre-download period, the game ranked first on the App Store's free game list in over 138 countries and regions. Tencent, NetEase, 37 Interactive Entertainment Network Technology Group, Kingnet Network, and others are all expected to release new games, and the summer game market is fiercely competitive. Institutional analysts believe that the release of heavy new games is expected to drive revenue growth in the large-cap market.
Investment secrets for the second half of the year in Hong Kong stocks are here! Institutions are optimistic about the Hang Seng Index and may push it to 20,000 points, with these sectors being popular.
In terms of the market, Guosen Securities gives a strong expectation with an upper limit of 21,500 points; regarding sectors, institutions are bullish on high dividend assets and internet plus-related sectors, as well as some institutions being optimistic about mainland real estate shares as well.
US stocks closing | S&P, Nasdaq hit new highs again! Tesla rose nearly 35% in seven days, and Nvidia rose more than 4.5% overnight.
S&P has reached a new high for two consecutive days, NASDAQ has reached a new high for three consecutive days, and Dow's intraday decline has significantly narrowed. Google, Apple, Microsoft, Taiwan Semiconductor in the US stock market have all reached new highs. Tesla has risen by 35% in seven days, and the chip stock index has risen by nearly 2%.
KraneShares CSI China Internet ETF Options Spot-On: On July 3rd, 74,013 Contracts Were Traded, With 1.58 Million Open Interest
On July 3rd ET, $KraneShares CSI China Internet ETF(KWEB.US)$ had active options trading, with a total trading volume of 74,013 options for the day, of which put options accounted for 9.91% of the tot
Express News | Ishares China Large Cap ETF up 1.5%, Kraneshares CSI China Internet ETF Gains 2.5%
Express News | PDD Holdings up 1.5%, NetEase Gains 2%, Baidu Rises 2.2%
Express News | Li Auto Climbs 4.7%, JD.com Adds 1.8%, NIO up 4.5%, Xpeng Rises 3.3%
Watching Tencent Music Entertainment Group; Hearing Investors Business Daily SwingTrader Buys Stock
Watching Tencent Music Entertainment Group; Hearing Investors Business Daily SwingTrader Buys Stock