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$SSE Composite Index (000001.SH)$ must down to below 3100
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The US Federal Reserve initiated its easing cycle with 50 basis points rate cut last week. This week, Chinese markets joined the trend on Tuesday by cutting the rate by 50 basis points. This decision sparked a rally, with the $Hang Seng Index (800000.HK)$ and $SSE Composite Index (000001.SH)$ rising more than 4% in a single day. On the same day, the Reserve Bank of Australia left its cash rate unchanged at 4.35%. Howe...
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When I first joined GMT, I was deceived by CPP in Hong Kong and bought this rubbish.
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On May 3, the U.S. stock market closed on Thursday, with the Dow preliminary closing up 320 points or 0.85%, the S&P 500 index rose 0.9%, and the Nasdaq rose 1.5%. Nvidia (NVDA.O) rose more than 3%, Apple (AAPL.O) rose 2%. Most Chinese concept stocks rose, with the Nasdaq Golden Dragon Index rising 6%, reaching a new high for the year's closing. Alibaba (BABA.N) rose 6%, Xpeng (XPEV.N) rose nearly 16%, Bilibili (BILI.O) rose over 15%, and JD.com (JD.O) rose 11%. The Hang Seng Index entered a technical bull market yesterday.
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