BABA(US:BABA) Sou Hu Cai Jing·2025-08-30 00:37Market Performance - US stock markets collectively declined, with major indices falling on August 30, led by technology stocks like Nvidia, resulting in a drop of over 1% for the Nasdaq index [1][2] - The closing figures were as follows: Dow Jones Industrial Average at 45,544.88, down 0.20%; S&P 500 at 6,460.26, down 0.64%; and Nasdaq at 21,455.55, down 1.15% [1][2] - For the week, the Dow Jones fell 0.19%, S&P 500 down 0.1%, and Nasdaq down 0.19%, while in August, the Dow Jones rose 3.2%, S&P 500 increased by 1.91%, and Nasdaq grew by 1.58% [1] Chinese Stocks - Despite the overall decline in US markets, the Nasdaq Golden Dragon China Index rose by 1.55% [2] - Notable Chinese stocks included Alibaba, which surged nearly 13%, and Daqo New Energy, which increased by over 11% [2] - Other rising stocks included iQIYI (up over 5%) and Baidu, Huya, and JinkoSolar (each up over 4%) [2] Alibaba Financial Results - Alibaba Group reported Q1 FY2026 revenue of RMB 247.65 billion, a 2% year-over-year increase, with a 10% increase when excluding disposed businesses [3] - Net profit reached RMB 42.38 billion, marking a 76% year-over-year growth [3] - The company noted significant growth in its instant retail business, with monthly active consumers on the Taobao app increasing by 25% year-over-year [3] Inflation Indicators - The US core PCE price index rose by 2.9% year-over-year in July, indicating inflationary pressures [4][6] - The overall PCE price index increased by 2.6% year-over-year, with a month-over-month rise of 0.2% [6] - Consumer spending, which constitutes over two-thirds of US economic activity, grew by 0.5% month-over-month, reflecting consumer resilience despite rising prices [7] Oil Market - US oil prices fell nearly 1%, with WTI crude settling at $64.01 per barrel and Brent crude at $67.46 per barrel [11] - The US recorded a historic high in oil production at 13.58 million barrels per day in June, contributing to a total liquid fuel production peak of 21.1 million barrels per day [11] - President Trump indicated that oil futures prices might soon drop below $60 per barrel [12] Precious Metals - International precious metal futures saw a general increase, with COMEX gold futures rising by 1.20% to $3,516.10 per ounce and silver futures up by 2.64% to $40.75 per ounce [14] - Weak economic data in the US supported the rise in gold prices, with the Michigan consumer sentiment index falling below expectations [14]