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Trump sparks a rally in the US dollar! US stocks and bitcoin hit new highs, with the Dow rising 1500 points, small cap stocks surging, while US bonds and metals plummet.
Dow rises to the best level in two years, small cap index rises nearly 6%, banking stocks rise over 10%, oil, steel, and crypto stocks surge, European and American solar stocks all collapse, Trump media technology rises by almost 35% before closing up by about 6%, Tesla rises by nearly 15% to a two-year high, Qualcomm rises by 10% after the bell. Chinese concept stocks narrow their declines, NIO Inc and Zeekr drop over 5%. 10-year US Treasury yield rises the most by 20 basis points nearing 4.48%, reaching a four-month high along with a 1.7% rise breaking 105 in the USD index, Bitcoin rises by 9% nearing $0.076 million, offshore RMB drops by a thousand points to below 7.20, a three-month low, Euro and Yen once fell by 2%. Gold drops over 3%, London copper drops over 4%.
Tesla +14%: What Does Trump's Victory Mean For Automakers
Byd company limited's financial insurance performance report for the first three quarters: average vehicle premium has dropped to 4700 yuan, single-quarter premium surged by nearly 0.5 billion but still difficult to make profit.
①BYD Company Limited's insurance business achieved insurance business revenue of 0.478 billion yuan in the third quarter, a staggering increase of 611.09% compared to the previous quarter; ②In the third quarter, BYD Company Limited's insurance business incurred a net loss of 0.106 billion yuan, a shift from profit to loss compared to the second quarter; ③In the first three quarters of 2024, BYD Company Limited's average vehicle insurance premium reached 4700 yuan, a decrease of 200 yuan compared to the previous period.
US stocks closed: Technology giants drive all three major indexes up, while Trump Media Group plunges at the end of the session.
①Nvidia becomes the "global stock king"; ②Apple warns: future products may not be as lucrative as the iPhone; ③Super Micro Computer's post-market trading in the US stock market fell by more than 10%; ④Zuckerberg's nuclear energy AI ambitions thwarted by bees.
Is there another 'wolf' entering the car insurance market? Following BYD Property Insurance, this Japanese-funded property insurance company has also been approved to enter the market, with shareholders including Toyota Motor behind the group.
①AI and Friese Day Same Wealth Insurance (China) Limited has been approved to change its business scope. The main newly added business scope is motor vehicle insurance, including compulsory motor vehicle traffic accident liability insurance and commercial motor vehicle insurance. ②AI and Friese Day Same Wealth Insurance (China) Limited is a core enterprise of the MS&AD Insurance Group. And Toyota Motor is one of the main shareholders of the MS&AD Insurance Group.
Geely is tougher than byd company limited.
Another hybrid model.