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S&P rises over 2%, the best in nearly two years, with chip stocks up about 7%, Nasdaq and Chinese stocks up 2.8%, and US Treasury yields and the yen falling for three consecutive days.
The latest employment data alleviates concerns over the US economy, and US stocks rose more than 1.7%. Nvidia's stock rose more than 6%, and Tesla, Alibaba, PDD Holdings, and Tencent ADR rose more than 3%. Bullish on weight loss drug reports, Eli Lilly and Co's stock rose more than 13%, and Novo-Nordisk A/S's US stock rose nearly 8%. The 10-year US Treasury yield rose above 4%, and short-term bond yields rose by 10 basis points. Oil prices rose for the third consecutive day, gold halted its five-day decline, and digital currency had a big increase.
What's Going On With NetEase (NTES) Stock?
Furui: Monthly game approvals in mainland China have entered the right track. Tencent is the preferred industry leader (00700).
Furui rates Tencent, XD Inc, and Netease as 'buy', with Tencent as the top pick.
Netease-S (09999.HK) will hold a board of directors meeting on August 21 to approve the second quarter performance.
Netease-S (09999.HK) announced on August 5th that the board of directors will hold a meeting on August 21st, 2024, approving the unaudited performance and announcement of the second quarter and first half of 2024 ending on June 30th, 2024, as well as distributing the proposal of quarterly dividend.
NetEase to Report Second Quarter 2024 Financial Results on August 22
Hong Kong Stock Concept Tracking | Game version numbers issued in August! The supply side is steadily improving, driving the continued recovery of the industry's business climate. (Attached concept stocks)
On August 2nd, the website of the National News and Publishing Administration updated the approval information for imported online games in August 2024, with a total of 15 games approved, including Tencent's Rainbow Six and Shenzhen ZQGame's Ragtag Sailor.
ZnWC : China has emerged as the world’s top producer of generative AI patents, but it is struggling to turn many of its ideas into action thanks to US export controls and longstanding struggles with its innovation culture at home.
Source:
China wrestles with ‘quantity over quality’ in generative AI patents | Technology - Al Jazeera
ZnWC : Despite the lower overall number of patents, US developers have a clear lead. Stanford University’s 2024 AI Index named the US as the undisputed home of the most “notable AI models” to date, producing 61, compared with 21 from the European Union and 15 from China.