深夜，中国资产大爆发

Market Performance - On August 12, US stock indices all closed higher, with the Dow Jones up 1.1%, S&P 500 up 1.13%, and Nasdaq up 1.39%, with both S&P 500 and Nasdaq reaching all-time highs [1] - Major tech stocks saw significant gains, with Facebook rising over 3%, approaching a market capitalization of $2 trillion [1][2] Inflation Data - The US Labor Department reported that the Consumer Price Index (CPI) for July showed a year-on-year increase of 2.7%, while the core CPI rose 0.3% month-on-month and 3.1% year-on-year [1] - Analysts noted that while there were no significant price increases for goods directly related to tariffs, service prices rebounded, indicating challenges in controlling inflation [1] Federal Reserve Expectations - Following the CPI report, market expectations for a Federal Reserve rate cut increased significantly, with an 80% probability of a 25 basis point cut in September [1] Oil Market Outlook - OPEC raised its forecast for global oil demand growth for 2026, projecting an increase of approximately 1.38 million barrels per day, reaching 106.5 million barrels [3] - The 2025 global oil demand is expected to increase by 1.29 million barrels per day, reaching 105.1 million barrels [3] Semiconductor Sector - The Philadelphia Semiconductor Index rose 2.99%, reaching a new historical high, with notable gains in stocks such as NXP Semiconductors up over 7% and ON Semiconductor up over 6% [3] Chinese Stocks and Economic Outlook - Chinese stocks generally rose, with the Nasdaq Golden Dragon China Index increasing by 1.49% [4] - International institutions have shown increased interest in Chinese assets, with several foreign institutions upgrading their ratings for the Chinese stock market [4] - Standard & Poor's maintained China's sovereign credit rating at "A+" with a stable outlook, reflecting confidence in China's economic resilience and debt management [4]