The Nasdaq fell to 0.02 million points, Adobe plummeted more than 13%, the China concept Index rose against the trend, and Bitcoin dropped below 0.1 million dollars.
In November, USA PPI inflation exceeded expectations, with the market betting on a pause in interest rate cuts in January next year. The Dow has fallen for six consecutive days, with NVIDIA experiencing the largest drop of 2.5%. Tesla, Meta, Google, and Amazon have moved away from their highs, uranium mining stocks have declined, but Apple reached a new high. Broadcom rose nearly 5% in after-hours trading, and Chinese stocks Baidu and PDD Holdings increased by over 1%. Bond yields in Europe and the USA have risen significantly, and after the European Central Bank cut interest rates, the euro fell to a one-week low, before rebounding. The dollar reached a two-week high, while the offshore yuan once rose over 200 points, breaking through 7.26 yuan. Commodities generally fell, with spot gold down over 2% and spot silver down over 4% during the session.
China Central Economic Work Conference: A Key Indicator for Future Market Trends
Tonight, Chinese concepts soared! The nasdaq Golden Dragon index surged by 10%, while fangdd network doubled directly.
Some analysis indicates that the Political Bureau meeting first mentioned stabilizing the stock and real estate markets, and the US stock market quickly rallied on china assets. The 3x Long FTSE china etf surged over 26%, the 2x Long china internet plus-related stocks rose over 22%, the 2x Long FTSE china 50 ETF increased over 17%, and the 2x Long 300etf gained nearly 15%.
China Will Adopt a "Moderately Accommodative" Monetary Policy in the Next Year, The First Shift to Easing Since 2011
Express News | Jiuzi Holdings and Shenzhen Maigesong Terminate Negotiations to Focus on Future Growth
Express News | Shares of Companies Within the Broader Consumer Discretionary Sector Are Trading Higher. Investors May Be Reacting to the US Presidential Election and Its Impact on Consumer Spending
Express News | U.S.-Listed Shares of Chinese Firms Drop Premarket on Worries Over Growing U.S.-China Trade Tensions Under Trump Presidency
11 Consumer Discretionary Stocks Moving In Thursday's Intraday Session
Goldman Sachs Raises China Economic Growth Forecasts
Jiuzi Holdings Announces Major Equity Sale
China's Stocks Lose Steam as Enthusiasm for Major Stimulus Wanes. What's Next?
Today's Pre-Market Movers and Top Ratings | LI, BABA, NKE and More
Express News | Hedge Funds Are Pouring Into ETFs Focusing on Chinese Equities With $2.4 Billion Inflows
Express News | U.S.-Listed Chinese Stocks Surge in Overnight Trading Following Politburo's Commitment to Fiscal Support
US Listed-Chinese Stocks Surge Tuesday on Policy Boost, Who Is Leading the Way
Express News | U.S.-Listed Shares of Chinese Firms Jump Premarket After China Announces Stimulus Measures
Express News | Shares of Companies Within the Broader Consumer Discretionary Sector Are Trading Higher Following Better-than-expected Consumer Sentiment Data. Strong Earnings From RH and Anticipated Rate Cuts May Be Lifting the Sector
Jiuzi Holdings Reports Surge in Total Assets
Jiuzi | 6-K: Report of foreign private issuer (related to financial reporting)
Jiuzi Holdings Announces New CFO and Employment Terms