ChainCatcher reported that according to 4E monitoring, the three major U.S. stock indexes rose collectively on Tuesday, with the Dow Jones Industrial Average up 0.3%, the Nasdaq up 1.45%, and the S&P 500 up 0.97%. Large technology stocks rose across the board, with Nvidia up more than 4%. Chinese stocks fell sharply, with the Nasdaq China Golden Dragon Index closing down 6.85%. The overall crypto market was relatively stable. As of press time, Bitcoin fell 0.45% to $623.45 million.
In the foreign exchange bulk market, the U.S. dollar index fell slightly by 0.06%, still hovering near an eight-week high. Non-U.S. currencies rose and fell differently, with sterling and the euro strengthening and the yen falling slightly. The market was worried about the outlook for oil demand and the possibility of a ceasefire in the Middle East. Oil prices bid farewell to five consecutive days of gains, with U.S. oil falling by more than 4.6%. As expectations of a sharp interest rate cut by the Federal Reserve were dashed, gold prices came under pressure for five consecutive days. Spot gold fell by more than 1%, the largest single-day drop in a month, and silver fell by nearly 5% at one point.
Affected by the sharp drop in surrounding Chinese assets overnight and the huge market gains in recent days, profit-taking began to cash out at high levels, and more than 100 listed companies issued announcements on share reduction. After setting the largest single-day gain in history yesterday, A-shares have shown a clear upward trend and then a downward trend. At the opening today, A-shares ushered in a substantial adjustment, with the three major indexes collectively opening sharply lower, and more than 5,000 stocks in the two markets falling. As of midday close, the Shanghai Composite Index reported 3304 points, down 5.53%, the Shenzhen Component Index fell 6.19%, and the ChiNext Index fell 7.29%.
This week, the market focuses on the US September CPI data to be released on Thursday, which will provide important economic clues to the market. eeee.com is a financial trading platform that supports cryptocurrencies, stock indices, bulk gold, foreign exchange and other assets. It recently launched a USDT stablecoin wealth management product with an annualized yield of 5.5%, providing investors with potential hedging options. 4E reminds you to pay attention to market volatility risks and allocate assets reasonably.
