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US stocks closed with the Dow falling more than 1% ending a six-day consecutive rise, while the Russell 2000 fell nearly 2%; Taiwan Semiconductor narrowly rose, and Nvidia rose nearly 3%.
Nasdaq and S&P fell more than 1% in intraday trading, and the Dow fell 1.3%, halting its six-day winning streak without reaching a new high. Russell small-cap stocks, which had been overbought to their highest level since 2017, have fallen for two consecutive days.
US stock market closes with three major indexes down while waiting for Trump's "New Golden Age" speech.
1. The US stock "sector rotation" has stopped, with the Dow ending its previous "six consecutive gains"; 2. Former US President Trump will deliver a keynote speech at the Republican National Convention on Friday morning Beijing time; 3. Guo Mingchi: Apple may not have increased orders for the iPhone 16; 4. Broadcom is discussing developing new AI server chips with OpenAI.
Express News | Hong Kong-listed car stocks mostly opened lower, with NIO Inc dropping nearly 5%.
Futu Morning News | The 'Seven Giants' market cap evaporated $580 billion in a single day. Goldman Sachs: Summer adjustment launched! Not suitable for buying now; Mary Daly, the popular voting member of the Federal Reserve: the time for interest rate cuts
Fed Beige Book: the US economy has grown slightly and inflation has cooled; Bank of America: the breadth of US stock gains is improving, bullish signals! Biden: if there are health issues, will consider dropping out; US stocks are diverging, Dow hits new highs, Nasdaq suffers its worst drop since the end of 2022.
Hong Kong stock concept tracking | "vehicle-road cloud integration" policy is bullish with frequent releases, the trillion-dollar market is expected to usher in a booming period (with concept stocks).
CITIC Securities pointed out that as regulations for self-driving industry on both national and local levels gradually improve, each link in the industry chain is expected to accelerate technology research and development and product deployment, benefiting the intelligent automotive industry chain.
Shares of Chinese Stocks Are Trading Lower Amid Reports Suggesting the Biden Administration Is Considering Chip Sale Restrictions on China, Which Could Drive US-China Tensions.
Shares of Chinese Stocks Are Trading Lower Amid Reports Suggesting the Biden Administration Is Considering Chip Sale Restrictions on China, Which Could Drive US-China Tensions.