Stock Market:
A-share Market: Opened collectively lower, with the Shanghai Composite Index falling by 0.28%, the Shenzhen Component Index by 0.42%, and the ChiNext Index by 0.29%.
Sector Performance:
- Larger declines in: Real estate, education, precious metals, shipping.
- Weakened: Lithography machines, smart healthcare, satellite internet, digital currency, semiconductor concept stocks.
- Strengthened: Photovoltaic glass, virtual power plants, lithium battery sector.
Chinese Concept Stocks: Chinese concept stocks generally fell during the U.S. stock market session, with JiDU Automotive down by 4.5%, XPeng Motors nearly 3%, and Faraday Future plummeting by 62%.
Hong Kong Stock Market: Opened slightly lower and then rebounded. The Hang Seng Index closed at 18,508 points, up 0.17%; the Hang Seng Technology Index reported at 3,796 points, up 0.87%.
Sector Performance:
- General Rise: Innovative drugs, technology, renewable energy, automotive sectors.
- Pharmaceutical Stocks: SinoPharm Group rose by more than 3%, Conba Pharma by 4%.
- Tech Stocks: SMIC and Hua Hong Semiconductor saw gains of more than 3% each.
- Automotive Stocks: Great Wall Motors and BYD Company Ltd both increased by more than 2%.
- Tech Stocks: Lenovo Group, NetEase, and Kingsoft Corporation each rose by more than 2%.
U.S. Stock Market: The U.S. stock market was weak, with all three major indices falling, the Dow Jones Industrial Average down by more than 1%, reaching a new low for nearly a month.
Specific Data:
- The Dow Jones Industrial Average fell by 411.32 points, or 1.06%, closing at 38,441.54 points.
- The Nasdaq Composite Index fell by 99.30 points, or 0.58%, to 16,920.58 points.
- The S&P 500 index fell by 39.09 points, or 0.74%, to 5,266.95 points.
Economic Report
Federal Reserve's Beige Book:
- Report Content: Since the beginning of April, the economy in most parts of the United States has expanded at a "slight or modest" pace, with consumers resisting price increases.
- Economic Activity: Most areas reported "slight or moderate" growth in economic activity, with only two areas reporting no change.
Bitcoin Fund
BlackRock's iShares Bitcoin Trust:
- Status: Became the world's largest bitcoin fund, amassing nearly $20 billion in total assets since its listing in the U.S. at the beginning of the year.
- Holdings: As of Tuesday, held $19.68 billion in bitcoin, surpassing Grayscale Bitcoin Trust's $19.65 billion; Fidelity Investments' funds were third, with $11 billion in scale.
Commodities Market
Crude Oil and Gold:
- Brent crude halted its two-day rise, dropping to highs within the month.
- Gold prices fell to a two-week low.
Non-ferrous Metals:
- LME Aluminum rose by more than 1%, reaching a new high in nearly two years.
- LME Copper prices receded.
- In the Chinese market, the non-ferrous metals and photovoltaic sectors were strong throughout the day, with BYD rising by more than 8%.
Industry Investment
National Integrated Circuit Industry Investment Fund Phase III:
- Registration and Establishment: Registered capital of 344 billion yuan, surpassing the scale of the previous two phases.
- Viewpoint of CITIC Securities: This fund focuses on financially supporting the real economy and strengthening patient capital, with optimized entrusted management models and investment periods, aiding long-term industrial development.
Global Grain Market
Gulf of Mexico Corn and Soybean Futures:
- Although prices have fallen, the basis remains strong, showing the cash market's resistance to price fluctuations.
- The international competitiveness of U.S. corn and soybeans is showcased through the stability of the basis, with steady spot prices in the U.S. Midwest further reinforcing this trend.
