华尔街见闻早餐FM-Radio|2025年9月13日

Market Overview - Investors are showing caution ahead of the upcoming Federal Reserve meeting, with mixed performance in US stock indices. The Nasdaq rose by 0.44% supported by large tech stocks, while the S&P 500 slightly declined and the Dow Jones fell by approximately 0.6% [1] - Tesla's stock surged by about 7.4%, marking its largest daily increase in nearly three months, with a two-day gain of nearly 14% [1] - Circle's stock dropped by approximately 6.3% as its competitor Tether launched a new stablecoin [1] - BioNTech's stock fell over 10% during the day, while Moderna declined by 7.3% due to concerns over vaccine production [1] Bond and Currency Market - US Treasury yields rose, with the 10-year yield increasing by 4.57 basis points [2] - The US dollar fluctuated above the 97 mark, recording its largest weekly decline in about a month [2] Cryptocurrency Market - The cryptocurrency market saw a general upward trend, with Bitcoin rising by about 2% for three consecutive days, Ethereum breaking out of a near two-week range with a rise of over 6.2%, and Solana increasing by 6.3% [3] Commodity Market - Gold prices increased by 0.27% after reaching a new high of $3,674 per ounce before retreating [4] - Oil prices initially fell but later rose, with a peak increase of 3.65% from the day's low, although the gains were significantly reduced [4] Asian Market - The Hang Seng Index rose by 1.7%, with Alibaba reaching a nearly four-year high and Baidu surging by 8%. The ChiNext Index fell by over 1%, while chip stocks surged, with Cambrian Technology briefly reclaiming the title of "stock king" [5] Key Developments - The Chinese Ministry of Finance reported that new social financing in August was 2.57 trillion yuan, with new loans amounting to 590 billion yuan. The M2-M1 scissors difference reached a four-year low [7][18] - The Chinese government is taking measures to promote private investment, emphasizing its importance for stabilizing employment and the economy [6][17] - Morgan Stanley indicated that foreign investors' interest in Chinese assets has reached a new high since 2021, with significant capital inflows expected [22] Company News - Nvidia's DGX Cloud business is facing setbacks as AI developers resist high prices, indicating limited demand in the cloud services sector [9][20] - Gemini's stock debuted with a surge of over 60%, closing up 14%, with a market capitalization nearing $3.8 billion [11][21] - Tether launched a new US stablecoin, intensifying competition with Circle, which saw its stock drop over 6% [11][21] - Alibaba has open-sourced a new architecture model that significantly reduces training costs by 90% and improves inference efficiency by ten times [24]