U.S. Stock Market Outlook: Continuing to soar! Chinese concept stocks are all high before the market opening, Alibaba surges more than 5%, "Weixiaoli" collectively rises more than 7%; Several high officials of the Federal Reserve collectively adopt a dovi
Large-cap technology stocks mostly rose before the market opened, with Tesla continuing to rise by 1.5%, Microsoft and Amazon slightly down; Taiwan Semiconductor rose nearly 2% before the market opened, Daiwa Securities raised the target price for TSMC and reiterated a 'shareholding' rating; Li Auto Inc. rose over 8% before the market opened, selling a whopping 0.012 million units last week, with weekly sales surpassing Mercedes-Benz and Audi.
Netease (09999.HK) plans to integrate Douyin's tipping ecosystem into the mobile game "Justice."
Netease-S (09999.HK) (NTES.US) subordinates the mobile gaming 'Revelation' announced an update to the game functionality, integrating the Douyin tipping ecosystem, opening up a tipping mode between players, with paid and free gameplay options.
Express News | Alibaba Group up 5%, PDD Holdings up 4.4%, NetEase up 4.9%
HSBC Research expects Tencent (00700.HK) to accelerate its gaming revenue growth in the second half of the year while also being bullish on Netease (09999.HK).
HSBC's research report stated that, due to the strong contributions of Dungeon & Fighter: Origins and Honor of Kings, as well as the resilience of classic games with a high level of daily active users, Tencent's Mainland game revenue growth is expected to accelerate in the third and fourth quarters. In addition, with its overseas mobile game company Supercell showing strong recovery, Tencent's international gaming business growth may also accelerate.
US stocks closed | The three major indexes rose together, with the Dow and S&P hitting new highs again, Tesla surged nearly 5%, Intel rose over 3%; Miniso fell more than 16%.
US manufacturing PMI hits 15-month low, but service prices increase, with several Federal Reserve officials sending mixed signals but all confirming further rate cuts. US stocks rose across the board except for small caps, with Chinese concept stocks index briefly up 2.5% and nvidia closing higher after a 1% drop, while intel and li auto inc rose by about 3%. Poor economic situation in Europe boosts expectations of rate cut by the ECB, as the yield curve of German bonds no longer inverted. Offshore yuan plunges by 230 points to briefly breach 7.06 yuan, oil prices drop by 2% before trimming losses by half.
US stocks closed higher: all three major indexes rose collectively, with the S&P and Dow hitting new highs, and tesla surged by about 5%.
①S&P 500 index, Nasdaq hit new highs again; ②Large technology stocks mostly rose, with Tesla up about 5%; ③Intel rose over 3%, news said Qualcomm is interested in acquiring Intel, Apollo Global Management is in talks to invest in it.