Global Financial Morning News on August 14: AI hardware and storage continue to lead gains, with geopolitical disruptions and Fed repricing jointly driving oil prices, gold, and U.S. Treasuries.

Key takeaway:
The AI storage supply chain remains strong. Geopolitical risks support oil & gas and safe-haven assets, while the Fed and the repricing of long-term U.S. Treasuries determine the market’s overall sentiment for the day.
[Today’s Focus]
Main Line 1: AI computing power and the storage supply chain continue to strengthen, with SanDisk, Micron, and Hynix boosting global tech sentiment.
Main Line 2: The situation in the Middle East influences oil prices, shipping, and safe-haven assets, with the Strait of Hormuz remaining a key variable.
Main Line 3: The Fed’s September pricing is relatively steady; long-term U.S. Treasuries, the U.S. dollar, and gold continue to fluctuate around inflation and fiscal expectations.
Main Theme 4: Domestic liquidity support takes effect; the risk appetite is jointly influenced by the central bank’s reverse repurchase operations, financing balances, and the scale of wealth management products.
Main Theme 5: The focus for A-share observation centers on storage chips, AI power supplies, computing-hardware, oil & gas shipping, military-industrial defense, and the precious metals chain.
【U.S. Stocks】
The three major U.S. stock indexes closed higher on Thursday. The Dow rose 0.13%, the S&P 500 rose 0.65%, and the Nasdaq rose 0.81%. Storage-related shares surged notably: Micron rose 4%, SanDisk rose 13.6%, and SK Hynix rose 7%. Chinese concept stocks were weaker overall: the Nasdaq China Golden Dragon Index fell 1.85%, Alibaba fell 2%, and JD.com fell 7%.
【Macroeconomics】
The probability that the Federal Reserve will keep interest rates unchanged in September has risen to 65.2%, and remarks from multiple officials have continued a hawkish tone. After the 30-year U.S. Treasury auction, yields on the long end rebounded. Foreign central banks continued reducing their holdings of U.S. Treasuries. Fitch confirmed the U.S. at AA+ with a stable outlook, while emphasizing that the fiscal deficit, debt, and interest burden remain constraints. U.S. 30-year mortgage rates edged down for the first time in six weeks to 6.67%, but they remain at elevated levels.
【AI Storage Chain】
SanDisk continued to surge after hours. The market re-priced the storage chain around its revenue growth targets for fiscal years 2028 to 2030 and its high gross margin goals. Micron also stepped up investment related to AI in parallel; venture capital funds were expanded to $550 million, and a new $250 million AI fund was established. SK Hynix moved strongly higher, and the storage sector remains one of the core clues for global technology trading.
【Technology Sector】
OpenAI’s annualized revenue has already surpassed $40 billion, and in less than a year it has replaced its chief revenue officer again, as the IPO timetable continues to move forward. Google released Gemini 3.7 Flash, focusing on code generation and debugging capabilities. Apple announced that this year it will produce the Mac Mini in Houston and ramp up production of advanced AI servers. AMD plans to raise up to $5 billion through bond issuance; enterprise AI and computing-capex remain the main storyline.
【Crude Oil】
International oil prices fell on Thursday. WTI closed at $81.25 per barrel and Brent closed at $87.07 per barrel, both down more than 2%. However, news such as restricted passage through the Strait of Hormuz, attacks on vessels, and drone attacks on refineries is still supporting the risk premium; meanwhile, China’s SC crude oil night trading ended up 0.79% against the trend.
【Precious Metals】
Spot gold briefly fell below $4,330 per ounce, down nearly 1% on the day. Spot silver fell back to around $64 per ounce. Shanghai gold and Shanghai silver closed down 1.24% and 1.48% respectively in night trading. SPDR Gold Trust holdings decreased, while iShares Silver Trust holdings increased. In the short term, precious metals are still affected by fluctuations in U.S. Treasuries and the U.S. dollar.
【Domestic Leads】
Today, the central bank conducted RMB 1 trillion 6-month buyout-style reverse repos, and liquidity conditions remain a key focus of the market. Financing balances for the two markets increased by RMB 2.389 billion, and the scale of bank wealth management products rose above RMB 3.5 trillion. The Ministry of Commerce continues to impose anti-dumping duties for five years on single-mode optical fiber imported from India. On the technology front, DeepSeek Harness opened for testing; Changxin Technology’s market value surpassed Tencent; and JD.com’s net profit in the first half of the year fell year over year.
【Key Schedule】
07:30 Australian Federal Reserve Chairman Bullock attends a hearing
14:45 France July CPI—month-on-month final figure
17:00 Eurozone Q2 GDP—year-on-year (revised)
17:00 Eurozone Q2 employment—seasonally adjusted—quarter-on-quarter (final revised figure)
17:00 Eurozone June seasonally adjusted trade balance
20:30 Canada June wholesale sales—month-on-month
20:30 U.S. July retail sales—month-on-month
22:00 U.S. August one-year inflation expectations—initial estimate
22:00 U.S. June business inventories—month-on-month
22:00 U.S. August University of Michigan Consumer Sentiment Index—initial estimate
【Risk Warning】
If the situation in the Middle East continues to escalate, fluctuations in oil prices, shipping, and gold may be amplified; U.S. retail sales, inflation expectations, and consumer confidence data may also lead to renewed adjustments to expectations for the Federal Reserve’s policy path.
For research and learning purposes only and does not constitute investment advice.
#财经晨报 #全球市场 #A股 #AI #Technology sector
For research and learning purposes only and does not constitute investment advice.