北京时间10月3日晚，美股三大指数高开后，盘中均创历史新高，热门科技股涨跌不一。 | 道琼斯 | 纳斯达克 | | 标普500 | | --- | --- | --- | --- | | 46944.23 | 22893.87 | | 6746.68 | | +424.51 +0.91% +49.82 +0.22% | | | +31.33 +0.47% | | 名称 | | 现价 | 涨跌幅 == | | 微软(MICROSO... | | 519.130 | 0.66% | | MSFT.O | | | | | 苹果(APPLE) | | 258.225 | 0.43% | | AAPL.O | | | | | 亚马逊(AMAZON) | | 222.765 | 0.16% | | AMZN.O | | | | | 英伟达(NVIDIA) | | 188.990 | 0.05% | | NVDA.O | | | | | 脸书(META PLA ... | | 719.000 | -1.11% | | META.O | | | | | 谷歌(ALPHABE ... | | 243.470 | -1.20% ...

科技股延续分化但有反转迹象，其中英特尔大涨4.44%，特斯拉上涨4.02%，亚马逊、奈飞、谷歌、微 软等股均小幅收涨；META、高通、苹果等股逆势小跌。 中概股低开低走后全天弱势，截至收盘下跌1.56%。其中蔚来大跌5.76%，理想汽车下跌5.62%，哔哩哔 哩下跌4.57%，百度下跌3%，阿里巴巴、网易、爱奇艺等股跌幅均在2%上方；小鹏汽车逆势上涨 2.43%，腾讯控股、贝壳、腾讯音乐等股逆势小涨。 昨晚美股冲高回落后再度拉升，截至收盘三大指数均小幅收涨，日线终结三连跌。其中道指上涨 0.65%，纳指上涨0.44%，标指上涨0.59%。盘面上，银行集体反转、科技分化，中概股低开低走，黄金 盘中异动。 银行股集体反转，其中花旗集团上涨1.28%，美国银行、高盛、摩根大通、摩根士丹利、齐昂银行、阿 莱恩斯西部银行等股均小幅收涨。 COMEX黄金探底回升后直线拉升，临近尾盘有所回落，截止收盘上涨0.5%报3789.8美元/盎司，盘中最 低报3764美元/盎司，最高报3814.4美元/盎司。对于黄金，目前是矛盾的，一方面是对高价的恐惧，一 方面是趋势。 理财就是一场修行，有人修有人度，结果就是看谁踩准了点，把握住了 ...

Group 1: Gold Market Insights - The international gold market saw significant price increases, with London spot gold surpassing $3,380 per ounce and COMEX futures reaching $3,400, marking a new high for the year [1] - The World Gold Council reported a 45% surge in global gold demand value by Q2 2025, reaching $132 billion, with ETF holdings exceeding $450 billion, a historical peak [1][3] - Central banks globally are increasing gold reserves, with 95% of surveyed central banks planning to continue this trend, and the People's Bank of China increasing its holdings for nine consecutive months, surpassing 2,300 tons [3] Group 2: U.S. Federal Reserve and Market Reactions - Federal Reserve Chairman Jerome Powell hinted at potential early interest rate cuts during the Jackson Hole meeting, igniting market enthusiasm, with major U.S. stock indices rising over 1.5% [3] - The probability of a 25 basis point rate cut in September surged from 75% to 91%, with Goldman Sachs predicting three rate cuts this year, each by 25 basis points [3] Group 3: Chinese Stock Market Developments - The Nasdaq China Golden Dragon Index experienced a 1.8% increase on August 5, with Huami Technology soaring 48%, reflecting a year-to-date increase of 570% [4] - Foreign capital returned to Hong Kong stocks for the first time in 41 weeks, with a net inflow of $429 million, ending a 40-week outflow streak [4] - The People's Bank of China signaled potential monetary easing, including a possible reduction in reserve requirements and interest rates, alongside local government policies aimed at stimulating consumption and investment [4] Group 4: Economic Policy and Market Concerns - The European Central Bank maintained interest rates, indicating a cautious approach, while the Bank of Japan signaled potential rate hikes, leading to concerns about global capital flow volatility [6] - The World Gold Council warned of potential profit-taking due to rapid gold price increases, suggesting a need for caution in the market [6] - The upcoming U.S. non-farm payroll data will be crucial in determining the Fed's actions, with implications for both gold and Chinese stocks in the short term [6]

Group 1: Semiconductor Sector - The Philadelphia Semiconductor Index fell over 1%, with Coherent dropping more than 20% and other companies like ON Semiconductor, Lattice Semiconductor, and Amkor Technology declining over 3% [2] - Major players such as Texas Instruments, AMD, and ASML ADR saw declines exceeding 1%, while TSMC ADR fell nearly 1% [2] Group 2: Chinese Stocks - The Nasdaq Golden Dragon China Index dropped over 2%, with popular Chinese stocks like Xpeng Motors and Alibaba falling over 4%, and Bilibili down over 2% [2] Group 3: Cryptocurrency Market - Bitcoin experienced a significant drop, falling over 3% to below $120,000, with the latest decline narrowing to 2% [4] - In the last 24 hours, over 210,000 individuals faced liquidation in the cryptocurrency market [5] Group 4: Economic Indicators - The U.S. Producer Price Index (PPI) for July saw a year-on-year increase from 2.3% to 3.3%, the highest level since February, significantly exceeding the expected 2.5% [6] - The core PPI year-on-year rose to 3.7%, also the highest since February, with a month-on-month increase of 0.9%, marking the largest rise since April 2022 [7] - Federal Reserve officials are reportedly looking to temper aggressive rate cut expectations, with comments from San Francisco Fed President Mary Daly opposing a significant rate cut in September [7]

Core Viewpoint - Jinglin Asset has made significant adjustments to its U.S. stock holdings, increasing positions in tech stocks like META, NVIDIA, and Google while liquidating positions in companies such as Apple and Pfizer, indicating a strategic shift towards high-growth sectors [1][4]. Group 1: Portfolio Adjustments - As of the end of Q2 2025, Jinglin Asset held stocks in 28 companies in the U.S. market, with a total market value of $2.87 billion [1]. - The top ten holdings include META, NetEase, Manbang, Pinduoduo, Futu Holdings, Qifu Technology, NVIDIA, Beike, New Oriental, and Nebius [3][4]. - The portfolio saw the addition of three new stocks, the liquidation of six stocks, and an increase in seven stocks during the quarter [1]. Group 2: Performance and Strategy - Jinglin Asset's investment in META accounted for 25.46% of its portfolio, valued at over $730 million, reflecting a strong bullish stance on the company [4]. - The firm successfully bottom-fished NVIDIA shares, buying 630,000 shares in Q2 after previously selling 38,000 shares in Q1, indicating a belief in the company's recovery and favorable fundamentals [4]. - The firm has also initiated positions in Atour and Huazhu, purchasing 210,000 and 177,000 shares respectively, showcasing a focus on the recovery of Chinese companies [4]. Group 3: Market Outlook - Jinglin Asset expresses optimism about China's development prospects over the next few years, suggesting that Chinese companies are transitioning from being undervalued to gaining recognition and attracting global investment [4].

Market Performance - The three major U.S. stock indices closed lower, with the Dow Jones down 1.23% at 43,588.58 points, the S&P 500 down 1.60% at 6,238.01 points, and the Nasdaq down 2.24% at 20,650.13 points, marking the largest decline since April [3][4] - The U.S. stock market lost over $1 trillion in market capitalization due to investor concerns about economic prospects [3] Employment Data - The U.S. non-farm payrolls for July showed an increase of only 73,000 jobs, significantly below expectations, with the unemployment rate rising slightly to 4.2% [4][6] - Previous months' non-farm employment data were revised down sharply, with May's figures adjusted from 144,000 to just 19,000, and June's from 147,000 to 14,000 [4][6] Federal Reserve and Interest Rate Expectations - Following the weak employment data, the probability of a 25 basis point rate cut by the Federal Reserve in September surged from less than 40% to nearly 90% [6] - The bond market saw a decline in U.S. Treasury yields across the board, with the 2-year yield down 6.76%, the 5-year down 5.13%, and the 10-year down 3.23% [5] Political Developments - President Trump called for the dismissal of the Bureau of Labor Statistics director, citing concerns over inflated employment data ahead of the 2024 elections [8][11] - Federal Reserve Governor Adriana Kugler announced her resignation effective August 8, which allows Trump to appoint a new member to the Federal Reserve Board earlier than expected [11]

Group 1 - US stock index futures are showing slight gains, with Dow futures up 0.08%, S&P 500 futures up 0.06%, and Nasdaq futures up 0.06% [1] - Cryptocurrency-related stocks are rising following the US House passing three legislative proposals regarding stablecoins and cryptocurrency regulation, with Circle up 2.94% and Coinbase up 1.89% [1] - Chinese concept stocks are also experiencing gains, with Bilibili up 3.37%, Alibaba up 2.37%, and NetEase up 1.96% [1] - Nvidia's H20 chip sales to China have been approved, leading to a 7.01% increase in Kingsoft Cloud's stock [1] - Charles Schwab is set to release its Q2 earnings report, with expectations of $5.723 billion in revenue, a 22.03% year-over-year increase, and an EPS of $1.05, a 59.09% increase year-over-year, resulting in a 2.15% stock rise [1] Group 2 - GlaxoSmithKline's cancer drug Blenrep faced a setback as the FDA advisory panel voted against its use for treating relapsed or refractory multiple myeloma, causing the stock to drop 1.4% [2] - Barclays raised TSMC's target price from $249 to $275 while maintaining an "overweight" rating on the stock [2] - Mark Zuckerberg has reached a settlement with Meta shareholders regarding an $8 billion privacy lawsuit, although the final compensation amount remains unclear [2] Group 3 - Netflix reported Q2 earnings exceeding $3 billion, with revenue of $11.08 billion, a 16% year-over-year increase, and a profit of $3.1 billion, a 46% year-over-year increase [3]

Market Performance - On July 9, US stock indices collectively rose, with the Nasdaq index increasing by 0.94% to set a new historical record, the Dow Jones up by 0.49%, and the S&P 500 rising by 0.61% [1] - The market exhibited a strong performance in technology stocks while Chinese concept stocks faced pressure [1] Technology Sector - Technology stocks led the market rally, with the US Technology Seven Giants Index rising by 1.25%. Nvidia's stock price increased by 1.8%, briefly surpassing a market capitalization of $4 trillion, making it the first company to reach this milestone [2] - Nvidia's strong performance indicates renewed investor interest in the artificial intelligence (AI) theme, with other tech giants like Microsoft, Amazon, Alphabet, and Meta also recording gains [2] Chinese Concept Stocks - Most Chinese concept stocks declined, with the Nasdaq Golden Dragon China Index falling by 1.11% and the Wind Chinese Technology Leaders Index down by 1.75%. Notable declines included Alibaba down by 3.84%, JD Group down by 3.36%, and Meituan down by 2.84% [3][4] - However, some Chinese concept stocks rose against the trend, such as Futu Holdings up over 9%, Legend Biotech up over 5%, and BeiGene up over 4% [3] Federal Reserve Insights - The Federal Reserve's minutes from the June 17-18 meeting indicated that most officials support the possibility of interest rate cuts this year, citing stable long-term inflation expectations and a robust labor market [5] - The committee members believe the current monetary policy is moderately restrictive, allowing them to wait for clearer information regarding inflation and economic activity [5] Tariff Developments - President Trump announced new tariffs on products from several countries, with rates reaching as high as 50% for Brazil, effective from August 1, 2025 [6][7] - Despite concerns over these tariffs, market analysts suggest that the market has largely ignored these threats, indicating a preference for risk [7] AI Developments - Google announced the launch of its AI assistant, Gemini, on Wear OS smartwatches, enhancing its competitive position in the AI sector [8]

Core Viewpoint - The article provides an overview of the performance of popular Chinese concept stocks in the U.S. market as of June 5, 2025, highlighting significant price movements and market trends [1] Group 1: Stock Performance - Several Chinese stocks experienced notable fluctuations, with some showing increases while others faced declines [1] - Specific stocks such as Alibaba and Baidu were mentioned, indicating their respective price changes and market reactions [1] Group 2: Market Trends - The article discusses the overall sentiment in the market towards Chinese stocks, reflecting investor confidence and concerns [1] - It highlights the impact of geopolitical factors and regulatory changes on the performance of these stocks [1]

Market Performance - The three major US stock indices closed lower, with the Dow Jones down 0.61% at 41,603.07 points, the S&P 500 down 0.67% at 5,802.82 points, and the Nasdaq down 1% at 18,737.21 points [1] - Popular tech stocks experienced declines, with Apple dropping over 3%, and Nvidia, Microsoft, Google, and Meta each falling over 1% [1] - European stock indices also closed lower, with the German DAX down 1.54% at 23,629.58 points, the French CAC40 down 1.65% at 7,734.4 points, and the UK FTSE 100 down 0.24% at 8,717.97 points [1] Commodity Prices - International precious metal futures generally rose, with COMEX gold futures up 1.90% at $3,357.70 per ounce and COMEX silver futures up 1.27% at $33.64 per ounce [1] - International oil prices strengthened, with the main US oil contract rising 0.92% to $61.76 per barrel and Brent crude rising 0.92% to $65.03 per barrel [1] - London base metals saw an overall increase, with LME lead up 1.22% at $1,994.00 per ton, LME copper up 1.19% at $9,614.00 per ton, and LME aluminum up 0.41% at $2,466.00 per ton [1] Bond Market - US Treasury yields fell across the board, with the 2-year yield down 0.43 basis points at 3.982%, the 10-year yield down 2.26 basis points at 4.506%, and the 30-year yield down 0.29 basis points at 5.038% [1] - European bond yields also declined, with the UK 10-year yield down 6.8 basis points at 4.679%, the French 10-year yield down 6 basis points at 3.258%, and the German 10-year yield down 7.6 basis points at 2.565% [1]