Mei Ri Jing Ji Xin Wen·2025-11-03 22:47Market Overview - US stock indices closed mixed, with the Nasdaq up 0.46% and the S&P 500 up 0.17%, while the Dow Jones fell 0.48% [4] - Amazon reached a historical high, rising approximately 4%, while Tesla and Nvidia increased over 2% [4] - The Nasdaq China Golden Dragon Index rose 0.26%, with mixed performance among Chinese concept stocks [5] Federal Reserve Insights - Federal Reserve officials expressed openness to interest rate cuts, with Daly supporting a 50 basis point reduction this year [5] - Milan emphasized that the current policy is overly restrictive and suggested a series of 50 basis point cuts [5] - Cook noted that monetary policy is not on a fixed path and will depend on upcoming data [5] Cryptocurrency Market - Bitcoin dropped below $105,400, down over $5,000 from its daily high, while Ethereum fell nearly 9% [6] - Over $1.2 billion in positions were liquidated in the crypto market within 24 hours, primarily affecting long positions [6] Commodity Prices - International gold prices rose slightly, with spot gold at $4,005.31 per ounce [7] - WTI crude oil futures increased by 0.11% to $61.05 per barrel [7] Corporate Developments - Geely acquired a 26.4% stake in Renault's Brazilian operations, allowing it to share resources while Renault remains the controlling shareholder [18] - TSMC plans to implement a price increase of 3% to 5% for advanced processes below 5nm starting January 2026, reflecting strong demand in AI and HPC sectors [20] - Weima Automotive announced potential recovery plans after filing for bankruptcy, with new investments aimed at resuming production [30] Financial Sector Updates - Industrial and Commercial Bank of China (ICBC) and China Construction Bank resumed gold-related services after a brief suspension [16] - The People's Bank of China and the Bank of Korea renewed a bilateral currency swap agreement worth 400 billion RMB [9] Regulatory and Policy Changes - The Chinese government extended visa-free policies for France and other countries until the end of 2026 [10] - New immigration policies were announced to facilitate travel between mainland China and Hong Kong, Macau, and Taiwan [10]