The Nasdaq index reached a new high, French stocks rose, the south korea etf narrowed after a 7% drop, and the offshore yuan briefly fell below 7.31 yuan.
South Korean President Yoon Suk-yeol abruptly declared a state of emergency, boosting safe-haven assets such as U.S. Treasury bonds, Japanese yen, and gold, while cryptos on the South Korean exchange plunged. The South Korean parliament quickly passed a resolution to lift the state of emergency, with the Ministry of Finance and the central bank actively working on market rescue measures. After a 2.7% drop to a two-year low, the won’s decline was cut in half, South Korean etfs fell by 1.6%, and the yield on 10-year U.S. Treasury bonds turned to increase after hitting a new low in over a month. France is set to vote on dissolving the government as early as Wednesday, with French stocks following European markets upward, although they had previously declined during the day. The Dow Jones, small cap stocks, and semiconductor indices fell, while the China concept index once rose by 1.9%. The yuan hit a new low in a year during the day, and U.S. oil rose nearly 3% testing the $70 mark.
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European stock markets are rising, and the Germany DAX index has broken through the 20,000 point mark.
Germany's major stock index broke through 20,000 points for the first time, European stock markets rose for the fourth consecutive trading day, investors are bearish on French political risks. The Stoxx 600 index closed up 0.4%, marking the longest consecutive daily gain since August. The French CAC 40 index rose by 0.3%. Construction and retail stocks outperformed the large cap, while defensive sectors such as telecom, real estate, and the csi sws food & beverage index performed the worst. In terms of individual stocks, ASML Holding rose after reiterating its forecast for net sales in 2025. Concerns about potential US tariffs, geopolitical risks, and sluggish regional economies have weighed on European stock markets since they peaked in September.
Industry associations collectively call on domestic companies to be cautious in purchasing usa chips. Institutions provide this analysis as overseas semiconductor giants have repeatedly increased their investment in the china market.
① China has become the most important application market for the global IC industry. Institutions analyze that the new round of export controls by the usa has fractured the global semiconductor market and may also limit the development of usa's own enterprises; ② In the past two years, several overseas semiconductor companies have chosen to increase their investment in the china market and value the growth opportunities of chinese customers.
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Hong Kong stock market morning report on December 3: The NASDAQ and S&P in the US set new highs again. China Resources consortium acquired a land plot for 18.5 billion yuan.
① The manufacturing index from the usa Supply Management Association rose by 1.9 points, with most categories in the index showing improvement. ② The French Prime Minister announced a bypass of parliament to forcibly pass the budget bill. ③ Federal Reserve Governor Waller expressed a tendency to lower interest rates again in December. ④ The usa Department of Commerce released new export control measures on semiconductors to China, and the Department responded. ⑤ The usa stock market's Nasdaq and s&p 500 index both reached new historical highs.
Nasdaq, S&P hit new highs, French stock and bond yields fluctuate and rise, Euro once fell more than 1%, Dollar rose.
On the first trading day of December, Cyber Monday shopping amounts will break records, with the Nasdaq and Chinese concept stocks rising about 1%, and the chip index leading with a 2.6% increase, while the Dow fell from its peak. Tesla soared over 4% during the day, intel rose nearly 6% before turning negative, super micro computer surged nearly 29%, and Xpeng autos climbed over 5%, but Li Auto dropped nearly 4%. The French government faces a vote of no confidence, causing French stocks to briefly fall over 1%, and the spread between French and German government bond yields approached the widest in twelve years. US henry hub natural gas fell over 4%, the indian rupee hit a new low, and the offshore yuan dropped over 400 points, falling below 7.29 yuan.
ASML Assesses Potential Impact of New US Restrictions on Export of Chip Manufacturing Technology
Express News | ASML Says Updated U.S. Controls Contain Additions To List Of Restricted Technologies Including Software, Metrology; Says If Dutch Align With U.S. "Exports Of DUV Immersion Lithography Systems" To Additional Chinese Fabs Could Be Affected; Says It...
ASML Does Not Expect Direct Material Impact On Business In 2024; Still Sees 2025 Net Sales €30 Billion - €35 Billion, Vs €32.56 Billion Est.
Express News | ASML Does Not Expect Direct Material Impact On Business In 2024; Still Sees 2025 Net Sales €30 Billion - €35 Billion, Vs €32.56 Billion Est
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Express News | ASML Holdings Says Long-Term Scenarios For Demand In SemiConductor Industry Are Not Expected To Be Impacted By New US Export Regulations