The three major US stock indices collectively closed lower, popular Chinese concept stocks surged, and international oil prices soared
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On Tuesday Eastern Time, the three major US stock indices collectively closed down, with the Nasdaq falling more than 2% at one point during trading. As of the close, the Dow Jones Industrial Average fell 0.41%, the Nasdaq fell 1.53%, and the S&P 500 index fell 0.93%.
Popular technology stocks have generally fallen, with Nvidia and Intel falling more than 3%, and Apple, Microsoft, Broadcom, Qualcomm, and AMD falling more than 2%. Semiconductors and consumer electronics fell the most, with Nano Microelectronics falling over 6%, Arm falling over 4%, NXP falling over 3%, and Koleos falling over 2%. The oil and gas sector rose, with US energy up over 13%, Apache oil up over 4%, and Western oil and ConocoPhillips oil up over 3%.
The Nasdaq China Golden Dragon Index closed up 5.48%, with popular Chinese concept stocks surging. Bilibili rose over 14%, Ideal Auto rose over 11%, Pinduoduo rose over 8%, JD.com rose over 7%, and Xiaopeng Motors and NIO rose over 5%.
Affected by the situation in the Middle East, international crude oil prices have risen by over 5% at their highest. Spot gold broke through $2670/ounce during trading, with a intraday high of over 1%.
Global News
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Xiaopeng, Ideal, and Extreme Krypton achieved record high sales in September. Xiaopeng delivered over 10000 MONA M03 units
On October 1st, new car manufacturers successively announced their September sales figures, and various car companies generally achieved sales growth. Ideal Automobile (02015. HK/LI. US), Xiaopeng Motors (09868. HK/XPEV. US), and Extreme Krypton (ZK. US) all hit monthly highs, while NIO (09866. HK/NIO. US) hit a single season high.
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