2 1 Shi Ji Jing Ji Bao Dao·2025-10-27 15:25Market Performance - The three major U.S. stock indices opened higher, reaching new historical highs, with the Nasdaq index up nearly 1.5%, and both the Dow Jones and S&P 500 indices rising over 0.5% [1] - The Dow Jones index closed at 47,455.47, up 248.35 points (+0.53%), while the Nasdaq and S&P 500 indices closed at 23,550.83 (+345.96, +1.49%) and 6,853.08 (+61.39, +0.90%) respectively [2] Technology Sector - Qualcomm led the tech sector with a significant increase, rising over 20%, marking its largest intraday gain since 2019, following the announcement of its AI chips aimed at competing with Nvidia in the data center market [2] - Intel's stock rose over 5%, pushing its market capitalization above $190 billion, while Nvidia, Google, Amazon, and Microsoft also saw gains of over 2% [2] Chinese Stocks - Chinese assets surged, with the Nasdaq Golden Dragon Index and the Wind Chinese Concept Stock Index both increasing by approximately 2%, driven by notable gains in Baidu (+5%), JD.com (+3%), and Alibaba (+2%) [2] Gold Market - Gold prices fell below $4,000 per ounce for the first time since October 10, with a daily decline exceeding 3%, while silver prices also dropped around 5% [5] - Analysts noted that the recent decline in gold prices was due to profit-taking after a significant rise, with Citigroup downgrading its overweight recommendation on gold due to concerns over high positions [7] Cryptocurrency Market - The cryptocurrency market experienced mixed performance, with over 12,500 traders liquidated, resulting in over $400 million in liquidation amounts [9] - Bitcoin's trading volume surged by 78.21%, with its price at $114,793, while Ethereum and other cryptocurrencies also saw significant trading volume increases [10] Regulatory Environment - The Governor of the People's Bank of China emphasized the need to combat domestic virtual currency operations and speculation, highlighting the risks associated with stablecoins and their regulatory challenges [12]