Core Viewpoint - Chinese concept stocks are performing strongly against the backdrop of a declining US stock market, with the Nasdaq China Golden Dragon Index rising by 1.53% while major US indices are down [2][9]. Group 1: Market Performance - As of July 7, US stock indices opened lower, with the Dow Jones down 0.31%, S&P 500 down 0.39%, and Nasdaq down 0.55% [1][2]. - The Nasdaq China Golden Dragon Index increased to 7500.74, reflecting a positive trend for Chinese stocks [2]. Group 2: Trade Relations and Tariffs - The focus remains on tariff news, with President Trump announcing that the US government will release tariff letters or agreements on July 7, potentially imposing tariffs up to 70% on certain goods starting August 1 [2][3]. - The 90-day grace period for the so-called "reciprocal tariffs" is set to end on July 9, with ongoing trade negotiations between the US and multiple countries showing slower progress than expected [3]. Group 3: Company-Specific News - Tesla shares have seen a significant drop, with a decline of over 6% as of the latest report, reflecting investor concerns regarding Elon Musk's political involvement [4][8]. - Apple has officially appealed against a €500 million fine imposed by the EU, claiming the penalty is unprecedented and the demands for changes to its App Store are illegal [8]. Group 4: Performance of Chinese Stocks - Notable gains in Chinese concept stocks include Bit Digital rising over 23%, Bilibili up over 7%, and Ctrip, Yum China, and Baidu each increasing by over 5% [9][10]. - Conversely, Xpeng Motors and NIO saw declines of over 3% and 1% respectively, while Alibaba dropped nearly 1% [9]. Group 5: Gold Market Insights - International gold prices have slightly decreased, with London gold dropping below $3,300 per ounce [11]. - China's official gold reserves increased to 73.9 million ounces as of June 2025, marking an addition of 70,000 ounces over the previous month, indicating a trend of continuous accumulation by the People's Bank of China [11][12].
深夜!中概股大涨,特斯拉重挫超6%!