环球市场动态：美国稳定币法案落地

Market Overview - US Congress passed the GENIUS Act, establishing the first federal regulatory framework for stablecoins, which is expected to accelerate market expansion[5] - A-shares rose 0.5%, with the Shanghai Composite Index closing at 3,534 points, marking a new high for the year[15] - The Dow Jones fell 0.32% to 44,342 points, while the S&P 500 was nearly flat, and the Nasdaq increased by 0.05%[9] Currency and Commodity Trends - The dollar index decreased by 0.3%, reflecting a year-to-date decline of 9.2%[25] - International oil prices fell slightly, with NY crude oil down 0.3% to $67.34 per barrel[26] - Gold prices are expected to remain strong, with forecasts suggesting a range of $3,200 to $3,600 per ounce for Q3 2025[26] Sector Performance - In the US, six out of eleven S&P sectors declined, with the energy sector leading the losses at 0.96%[9] - In Hong Kong, the Hang Seng Index rose 1.33%, driven by gains in large tech and financial stocks[11] - The AI ASIC sector is projected to see significant growth, with Google's AI token inference volume increasing by 50 times year-on-year[8] Fixed Income Market - US Treasury yields fell, with the 2-year yield at 3.87%, down 3.5 basis points[29] - Asian bond markets remained stable, with spreads narrowing by 1-3 basis points across major investment-grade bonds[29]