Swancor Advanced Materials (SH:688585) Mei Ri Jing Ji Xin Wen·2025-08-05 21:56Market Overview - US stock markets experienced a collective decline, with the Dow Jones down 0.14%, Nasdaq down 0.65%, and S&P 500 down 0.49%. Major tech stocks like Microsoft, Meta, and Broadcom fell over 1%, while Intel rose over 3% and Amazon nearly 1% [5] - The Nasdaq China Golden Dragon Index decreased by 0.56%, with most popular Chinese concept stocks declining, although Xiaopeng Motors and Bilibili saw gains of over 2% [5] Economic Indicators - The US trade deficit for June was reported at $60.2 billion, better than the expected $61 billion and significantly lower than the previous month's $71.5 billion [6] Commodity Prices - COMEX gold futures rose by 0.25% to $3435 per ounce, while silver futures increased by 1.36% to $37.835 per ounce. In contrast, WTI crude oil futures fell by 1.7% to $65.16 per barrel, and Brent crude oil futures dropped by 1.63% to $67.64 per barrel [7] Automotive Industry - The China Passenger Car Association slightly raised its annual forecast for 2025, predicting retail sales of 24.35 million passenger cars, a 6% increase, and exports of 5.46 million units, a 14% increase. The forecast for new energy vehicle wholesale is 15.48 million units, reflecting a 27% growth [10][11] Financial Policies - The People's Bank of China and six other departments issued guidelines to support new industrialization, emphasizing long-term financing for key manufacturing sectors and digital infrastructure [9] Corporate Developments - Tesla's board approved a stock award for CEO Elon Musk, valued at approximately $29 billion, contingent on his continued leadership until 2027 [17] - NIO's new model, the L90, achieved 1,976 deliveries within three days of its launch, indicating strong market demand [20] - Li Auto announced a price adjustment for its i8 model, reducing the price to 339,800 yuan and enhancing its configuration [21] - JD.com is preparing to apply for a stablecoin license in Hong Kong, countering rumors of exiting the market [22] Industry Trends - The China Machinery Industry Federation called for fair competition in the photovoltaic industry to maintain high-quality trade [12] - Meituan launched a support plan for small and medium-sized merchants, aiming to provide financial assistance to over 100,000 restaurants by the end of the year [30]