Mei Ri Jing Ji Xin Wen·2025-08-21 17:20Market Performance - As of August 21, US stock indices continued to show weakness, with the Dow Jones down 0.17%, S&P 500 down 0.2%, and Nasdaq down 0.2% [1] - Major tech stocks experienced mixed results, with Apple down 0.21%, Tesla down 0.55%, Amazon down 0.84%, Facebook down 1.07%, while Microsoft rose 0.35% and Google increased by 0.27% [3][4] Walmart Financials - Walmart's stock fell by 3.99% after reporting Q2 revenue growth of 4.8% year-on-year, with adjusted earnings per share at $0.68, below the market estimate of $0.74 [4][5] - The company's net profit for Q2 was $7.151 billion, reflecting a year-on-year increase of 51.8% [4] Economic Indicators - The US manufacturing PMI for August reached a preliminary value of 53.3, the highest in 39 months, exceeding expectations of 49.5 [5] - The US services PMI for August was reported at 55.4, above the forecast of 54.2 [5] - The US dollar index rose by 0.38% to 98.6192 following these economic indicators [5] Chinese Market Performance - The Nasdaq China Golden Dragon Index rose by 1.42%, with notable increases in stocks such as XPeng up nearly 14% and NIO up 11.21% [8] - XPeng's co-founder purchased 3.1 million shares at an average price of HKD 80.49, increasing his stake to approximately 18.9% [8] Chinese Stock ETFs - Chinese stock ETFs listed in the US have seen significant inflows, with the KraneShares China Internet ETF growing to $8.22 billion, a 7.92% increase from July [13] - Morgan Stanley predicts that the Chinese stock market will continue to attract more capital due to lower valuations and a favorable economic outlook [13] Federal Reserve Insights - The Federal Reserve's FOMC meeting minutes indicated a consensus to maintain the federal funds rate target range at 4.25%-4.5% [14] - Market expectations for a 25 basis point rate cut in September are high, with an 85% probability [15] - Fed Chair Jerome Powell's upcoming speech at the Jackson Hole conference is highly anticipated for insights on future monetary policy [15][16]