ASML Holding(US:ASML) Sou Hu Cai Jing·2025-07-16 15:07Market Overview - US stock indices opened higher but experienced slight declines before rebounding slightly, with the Dow Jones at 44060.38 (+0.08%), Nasdaq at 20686.21 (+0.04%), and S&P 500 at 6246.34 (+0.04%) [2] - Chinese concept stocks showed weakness, with the Nasdaq Golden Dragon China Index down over 2% [4] Economic Data - The US Producer Price Index (PPI) for June unexpectedly came in lower than expected, with a year-on-year increase of 2.3%, the lowest since September 2024, compared to an expected 2.5% and a previous value of 2.6% [2] - Month-on-month PPI remained flat, marking the lowest since January, against an expected increase of 0.2% [2] Company-Specific News - ASML, a leading Dutch lithography equipment manufacturer, saw its stock drop over 10% due to concerns over the impact of US tariffs on its growth prospects [2][3] - ASML's CEO indicated that the company may not achieve growth by 2026 due to the effects of US tariff policies [3] - The semiconductor industry, including ASML, is increasingly vulnerable to potential US trade restrictions, with rising machine and chip prices amid geopolitical uncertainties [4] Chinese Tech Stocks - Major Chinese tech stocks experienced declines, with Baidu down over 7%, Alibaba down over 2%, and JD.com down nearly 2% [5][6] - The Wande Chinese Technology Leaders Index fell by 1.38%, and the Wande Chinese Stocks 100 Index decreased by 2.11% [5] Commodity Market - Domestic commodity futures mostly declined, with copper down 0.19%, alumina down 1.24%, and coking coal down over 1% [6] - International crude oil, silver, and gold prices also saw significant drops [6] Economic Outlook - Bank of America forecasts that the Federal Reserve will not lower interest rates before next year, with expectations of moderate economic growth of about 1.5% by year-end [7] - The CEO of Bank of America noted that both personal and corporate clients continue to spend, seeking certainty in the market [7]