individual stocks
Popular Chinese concept stocks generally rose, New Oriental rose 4.77%, JD.com rose 1.95%, NetEase rose 1.73%, Pinduoduo, Bilibili, Baidu, Xiaopeng, and Weilai all rose.
Among other stocks, Zoom video communication plummeted by nearly 10%. The company released its results after the market on Monday. Q2 net profit fell by 86% year-on-year to $45.746 million, and the third quarter and full-year performance guidance was lowered.
The euro fell below parity against the U.S. dollar again, and the market’s expectations for a slowdown in interest rate hikes began to cool down again. Under the hawkish remarks of several Fed rate hike officials, the U.S. dollar index was on a tear, approaching 109 for nearly 20 years after a lapse of more than a month. new highs.
On August 23, the yield on the 10-year U.S. Treasury bond again exceeded 3% overnight, and the U.S. dollar index approached 109. Previously, many Fed officials pointed out that in order to curb inflation, they will continue to actively raise interest rates in the future, driving the dollar soaring.
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