深夜 中国资产爆发！

Market Performance - US stock indices opened higher, with the Nasdaq and S&P 500 reaching new highs during the session [1] - As of the report, the Dow Jones increased by 0.59%, S&P 500 by 0.15%, and Nasdaq by 0.13% [1] Chinese Stocks - Chinese concept stocks saw a collective surge, with the Nasdaq Golden Dragon China Index rising over 2% [3] Individual Stock Movements - Bilibili's stock rose over 6%, while NetEase, Alibaba, and Li Auto each increased by over 3% [5] - Tencent Holdings' ADR surged nearly 7%, reaching a market capitalization of $700 billion [5] Tencent's Financial Performance - Tencent reported a 15% year-on-year revenue growth to 184.5 billion yuan, exceeding market expectations of 178.94 billion yuan [7] - Net profit increased by 17% year-on-year, with R&D spending rising to 20.25 billion yuan, also a 17% increase [7] - Capital expenditures surged to 19.107 billion yuan, marking a 119% year-on-year increase [7] US Economic Indicators - Recent US CPI data showed lower-than-expected inflation, alleviating concerns about tariffs raising prices and boosting expectations for a Fed rate cut in September [8] - US Treasury Secretary Yellen suggested a 50 basis point rate cut in September, indicating potential issues within the Fed [8] - Market speculation about a 50 basis point cut increased following Yellen's comments, with traders predicting over a 95% chance of a rate cut [8] Economic Forecasts - Analysts from UBS and Nomura provided differing views on the likelihood of a rate cut, with UBS suggesting a focus on upcoming economic data [8][9] - Nomura's chief economist expects a 25 basis point cut, citing inflation risks but aligning with the Fed's previous forecasts [9] - Upcoming PPI data is anticipated to provide further insights into inflation trends ahead of the Jackson Hole meeting [9]