I skipped work to watch this live event. Hoping to be impressed but was anything but.
First of all, it was 30 minutes or so techno music with graphic animation showcase with 10 minutes or so of EM's appearance and 10 more minutes of after event footage. Like, what the...
EM didn't share clear milestones on robotaxi launch nor any tangible going forward timeline. I certainly thought that part should have been more...

$PDD Holdings (PDD.US)$ I believe it's a smart strategy for the CEO to make negative comments despite strong earnings reports. This approach could help divert CCP attention away from Colin Huang, especially considering how Jack Ma faced difficulties in the past.

The Bank of Japan maintained its dovish stance, easing market tension for a while. The Dow Jones Industrial Average rose 480 points at the beginning of the session, while the S&P 500 index and the Nasdaq Composite Index reached daily highs of 1.7% and 2.1%, respectively. The Philadelphia Semiconductor Index and the China Securities Index also rose to 3.8% and 1.5% daily highs, respectively.
However, due to the escalation of conflict in the Middle East region and sluggish demand for US debt, the rebound in US stocks failed to continue. After the afternoon session, the whole market declined, and eventually closed at a daily low. The Dow eventually fell more than 230 points, and the chip stock index fell more than 3%. The VIX Panic Index rebounded after falling 21% for a while.
In terms of individual stocks, after rising 4.4% for a while, Nvidia turned down more than 5%, marking a fall below the $100 mark. Tesla and Apple stock prices also experienced a similar roller coaster. Tesla eventually fell 4.4%, while Apple rose slightly by 1.3%, ending two consecutive days of decline. On the other hand, ultra-microcomputers plummeted by more than 20% due to financial reports falling short of expectations, while Novo Nordisk plummeted more than 8% due to poor quarterly results and lower profit expectations.
On the bond market side, the 10-year US bond yield fell sharply after poor non-farm payrolls data, but this week it rebounded under the influence of sluggish auction demand, reaching a high of 3.98%. However, weak sales of 20-year US bonds attracted market attention, and former US Treasury Secretary Mnuchin proposed that the issuance of these bonds should be terminated.
In the money market, the exchange rate of the yen against the US dollar fell for two consecutive days, then fell 2.5% intraday, erasing the rise...