On August 21st, the U.S. stock market fell back, as investors took profits and waited for the release of the Fed's meeting minutes and Chairman Powell's speech at the central bank's annual meeting. The three major indexes all closed lower. The U.S. dollar declined, with the yield on the 10-year Treasury note falling to 3.81 basis points. Gold prices continued to rise, while oil prices remained under pressure. Today, the three major Hong Kong stock indexes all opened lower, with the Hang Seng Index falling 1.13% to 17,313.86 points, the Hang Seng Tech Index falling 2.75%, and the Hang Seng China Enterprises Index falling 1.42%. On the market, network technology stocks tumbled, with JD.com plunging more than 11%, and Alibaba, Meituan, Netease, and Xiaomi all falling more than 2%. Auto stocks generally opened lower, with Xpeng down nearly 4% and Li Auto Inc down over 3%. Semiconductor concept stocks collectively fell, with Semiconductor Manufacturing International Corporation down more than 1%.
