Market Review

On Tuesday, due to mixed non-farm data, the US dollar index briefly plummeted below 98 during the US trading session, but then recovered most of its losses, ultimately closing down 0.06% at 98.21; the benchmark 10-year US Treasury yield ultimately closed at 4.145%, while the 2-year US Treasury yield, sensitive to Federal Reserve policy rates, closed at 3.500%.

Spot gold briefly returned above $4330 during the session, but failed to hold this level and oscillated near the $4300 mark, ultimately closing down 0.07% at $4302.36 per ounce; spot silver rebounded slightly after a sharp decline during the Asian session, ultimately closing down 0.54% at $63.72 per ounce.

Concerns over oversupply continue, and the prospect of a peace agreement between Russia and Ukraine seems to have strengthened, leading to a continued decline in oil prices. WTI crude oil briefly fell below $55 per barrel during the day, ultimately closing down 2.59%, at $55.03 per barrel; Brent crude oil closed down 2.61%, at $59.05 per barrel. WTI crude oil futures have fallen below $55 per barrel for the first time in four years.

The three major U.S. stock indices showed mixed results, with the Dow Jones closing down 0.62%, the S&P 500 Index falling 0.244%, and the Nasdaq rising 0.23%. Tesla (TSLA.O) rose 3%, hitting a new high, Nvidia (NVDA.O) rose nearly 1%, and Circle (CRCL.N) rose nearly 10%. The Nasdaq China Golden Dragon Index closed down 0.34%, with NetEase (NTES.O) falling nearly 2%.

Major European stock indices experienced some adjustments, with the German DAX30 Index closing down 0.63%; the UK FTSE 100 Index closing down 0.68%; and the Euro Stoxx 50 Index closing down 0.6%.

Hong Kong's major stock indices fell again, with the Hang Seng Technology Index briefly plummeting to 2.7% during the day. By the close, the Hang Seng Index fell by 1.54%, and the Hang Seng Technology Index fell by 1.74%, both hitting recent low levels. On the market, large technology stocks continued to decline, with Alibaba (09988.HK) falling nearly 3%, JD (09618.HK), NetEase (09999.HK), and Xiaomi Group (01810.HK) all dropping over 2%, while Baidu (09888.HK), Meituan (03690.HK), and Tencent Holdings (00700.HK) all fell over 1%. Gold stocks led the retreat of non-ferrous metal stocks; military stocks, wind power stocks, steel stocks, lithium battery stocks, semiconductor chip stocks, shipping stocks, photovoltaic stocks, and automotive stocks all declined. Additionally, Guoxia Technology (02655.HK) soared 118% on its first day of listing.

The three major A-share indices fluctuated at a low level throughout the day. By the close, the Shanghai Composite Index fell by 1.11%, the Shenzhen Component Index fell by 1.51%, and the ChiNext Index fell by 2.1%. The total market transaction volume was 1.75 trillion yuan. In terms of sectors and individual stocks, the dairy sector strengthened, with Huangshi Group hitting the limit up and Huanlejia rising over 9%. The retail sector also strengthened, with Yonghui Supermarket, Baida Group, and several other stocks hitting the limit up. The film and television sector adjusted, with Bona Film dropping to the limit down and China Film falling over 9%. The precious metals sector weakened, with Xiaocheng Technology dropping over 8% and Western Gold falling over 7%. The photovoltaic sector weakened, with Dongfang Risheng dropping over 10% and Tongrun Equipment falling over 6%.#加密市场观察 #美国非农数据超预期