Financial Daily: The three major US stock indexes closed at new highs; the Philadelphia Semiconductor Index surpassed 9,900 points for the first time, marking a 16-day winning streak, while European and Hong Kong stocks declined.

- Key Focus

– Iran seized two vessels in the Strait of Hormuz, marking at least 26 shipping incidents in the area since the Middle East conflict began.

– The Philadelphia Semiconductor Index closed higher for the 16th consecutive trading day, historically surpassing 9,900 points for the first time.

– Germany's Ministry of Economics cut its 2026 growth forecast to half of its previous prediction.

– According to a Reuters report, Micron is pushing the U.S. Congress to pass legislation tightening export controls on chip equipment to Chinese factories.

Content compiled by 'Harbor Family Office,' a subsidiary of Henry Jia Group. It does not constitute any investment or trading advice. Stay tuned.

- Stock Market

[U.S. Market] All three major U.S. stock indexes closed higher, with the Philadelphia Semiconductor Index surpassing 9,900 points.

U.S. President Trump announced on Wednesday an extension of the ceasefire agreement by three to five days, which improved market sentiment. Coupled with strong Q1 2026 earnings reports from several large companies, all three major U.S. indexes closed higher. The S&P 500 and Nasdaq both rose over 1%, hitting new historical highs, while market fear subsided.

At the close, the S&P 500 Index rose 1.05% to 7,137.90 points; the Nasdaq Composite Index climbed 1.64% to 24,657.567 points; and the Dow Jones Industrial Average increased 0.69% to 49,490.03 points. The VIX Volatility Index fell 3.03% to 18.91 points. The Philadelphia Semiconductor Index gained 2.72% to 9,909.266 points, marking its 16th consecutive trading day of gains.

The index of the seven largest U.S. tech giants rose 2.04%, with Apple closing up 2.63%, nearly recovering all losses from the prior session. Amazon rose 2.18%, Google A and Microsoft both gained over 2%, NVIDIA closed up 1.31%, and Tesla increased by 0.28%. The Nasdaq Golden Dragon China Index fell 0.05% to 7,016.92 points. Among popular Chinese stocks, Daqo New Energy surged over 16%, Atour Hotel Group closed up approximately 5%, and New Oriental Education & Technology Group declined 3.1%. Regarding individual stocks, Circle rose 8.7%, and SanDisk advanced 8.5%.

[European Market] European major indexes continued their downward trend on Wednesday.

On Wednesday, European major indexes weakened for the third consecutive trading day. At the close, the pan-European STOXX 600 Index fell 0.35% to 613.88 points, and the pan-European STOXX 50 Index dropped 0.41% to 5,906.22 points.

Germany's DAX 30 Index closed down 0.31% at 24,194.90 points; France's CAC 40 Index closed down 0.96% at 8,156.43 points; the UK's FTSE 100 Index closed down 0.21% at 10,476.46 points.

[Asian Markets] Asian stocks mixed on Wednesday

Asian stocks were mixed on Wednesday, with uncertainty in the Middle East causing narrow fluctuations in the Asian markets. By the close, Japan’s Nikkei 225 Index was up 0.40% at 59,585.86 points; Japan’s TOPIX Index closed down 0.67% at 3,744.99 points. South Korea’s KOSPI Index rose 0.46% to 6,417.93 points.

[Hong Kong Market] Hong Kong's three major indices closed lower, with the Hang Seng Tech Index dropping nearly 2%

Hong Kong stocks opened lower and continued to fall on Wednesday, with all three major indices closing in negative territory, and the Hang Seng Tech Index falling nearly 2%. By the close, the Hang Seng Index was down 1.31% at 26,141.07 points; the Hang Seng Tech Index fell 1.94% to 4,963.16 points; the Hang Seng China Enterprises Index dropped 1.55% to 8,804.78 points. In terms of sectors, lithium battery stocks declined broadly, with Leoch International falling more than 7.5%, and CATL closing down 5.03%. The AI sector gained renewed attention, with Extreme Vision surging 25.15%, while XunCe, ZhiPu, and MINIMAX all rose over 3%. The optical communication sector saw significant gains due to a near fivefold year-on-year increase in fiber optic production and sales for Q1 2026, with prices continuing to rise. Several companies performed strongly, with Cambridge Technology jumping over 21%, Yangtze Optical Fiber and Cable rising 17.16%, and Huahong Semiconductor gaining 4.51%.

[A-share Market] A-share's three major indices closed higher, with the ChiNext Index rising over 1.5%

A-shares opened lower but steadily rebounded on Wednesday, with all three major indices closing higher and the ChiNext Index rising over 1.5%. By the close, the Shanghai Composite Index was up 0.52% at 4,106.26 points; the Shenzhen Component Index rose 1.30% to 15,177.29 points; the ChiNext Index increased by 1.73% to 3,752.76 points. Sector-wise, computing power hardware stocks generally rose, with Chang Guang Hua Xin gaining 20%, Dongshan Precision hitting the upper limit, and New Yi Sheng rising 7.64%, bringing its YTD gain to 40% and its one-year rise surpassing 1,000%. The computing power rental concept sector continued upward, with Xiechuang Data rising 20%, Hongjing Technology increasing over 16%, and the semiconductor industry chain strengthening, with Luwei Optoelectronics and Xiandao JiDian shares hitting the upper limit. Photovoltaic and gaming concept sectors led declines.

– Bonds

[US Treasuries] US Treasury yields edged slightly higher

US Treasury yields overall formed a V-shaped trend on Wednesday. In late New York trading, the 10-year US Treasury yield edged slightly higher to 4.294%; the two-year US Treasury yield rose 1.25 basis points to 3.7916%.

[Non-US Bond Markets] European government bond yields broadly increased

European government bond yields overall continued an upward trend on Wednesday. In late European trading, Germany's 10-year government bond yield rose 0.5 basis points to 3.008%; Germany’s two-year government bond yield climbed 3.6 basis points. The UK’s 10-year government bond yield increased 2.5 basis points to 4.909%; the UK’s two-year government bond yield rose 6.4 basis points. France’s 10-year government bond yield increased 0.2 basis points.

[China Bond Market] Treasury futures closed higher across the board on Wednesday

Treasury futures closed higher across the board on Wednesday. At the close, the 30-year main contract rose 0.43%, the 10-year main contract increased by 0.09%, the 5-year main contract was up 0.07%, and the 2-year main contract gained 0.04%.

– Foreign exchange

[US Dollar] The US Dollar Index edged higher, with the ICE US Dollar Index rising 0.19%

The US Dollar Index rose for the second consecutive trading session. In New York trading, the ICE US Dollar Index increased by 0.19% to 98.585 points; the Bloomberg Dollar Index remained largely unchanged from the previous session, closing at 1,196.78 points.

[Non-US Currencies] The US dollar edged higher while the euro fell by about 0.3%

On Wednesday, the US dollar generally strengthened slightly against major global currencies. In New York trading, the US dollar rose 0.07% against the yen to 159.49 yen; the euro fell about 0.3% against the dollar to 1.1709 dollars; the pound fell 0.03% against the dollar, the Australian dollar rose 0.06% against the dollar, and the US dollar gained about 0.5% against the Swiss franc.

[Chinese Yuan] The offshore yuan exchange rate stood at 6.8320 per dollar

In late New York trading, the offshore yuan weakened by 34 pips against the dollar from the previous session's close, reaching 6.8320 yuan per dollar. Meanwhile, the onshore yuan strengthened by 28 pips against the dollar from the previous night session close, ending at 6.8288 yuan per dollar.

[Cryptocurrency] Cryptocurrency markets generally strengthened

Market risk appetite improved further on Wednesday, leading to widespread gains in cryptocurrency markets. Bitcoin rose about 3.5%, nearing the $80,000 level, reaching a more than two-month high.

– Product

[Energy] Crude oil prices rise as US crude futures increase by 3.67%

Due to ongoing reports of commercial vessels being intercepted in the Strait of Hormuz, the market remains concerned about energy supply, leading to stronger oil prices. In New York trading, US crude futures rose 3.67%, settling at $92.96 per barrel.

[Precious Metals] The metals market rebounds broadly, with spot gold prices rising 0.41%

Precious Metals:Gold prices formed a reverse V-shape pattern, giving back most of the gains during the session. By the New York close, spot gold prices increased by 0.41% to $4,739.31 per ounce, while US gold futures rose 0.76% to $4,755.50 per ounce.

Metals Futures Market:Precious metals and non-ferrous metals markets rebounded broadly. Spot silver prices rose 1.3% to $77.6927 per ounce, while US silver futures climbed 1.5% to $78.230 per ounce. US copper futures gained approximately 2% to $6.1955 per pound; spot platinum advanced 1.9%, while spot palladium edged slightly lower.

[Disclaimer]

The content above is provided by Harbor Family Office (hereinafter referred to as "Harbor Family Office"), sourced from market information gathered from various channels. Neither Harbor Family Office nor its group members participated in preparing the content, nor did they explicitly or implicitly endorse or approve it. This article is for reference only and does not constitute any investment or trading advice. Investment involves risks. Readers should independently evaluate and judge this information and are advised to consult professionals before making any investment or trading decisions. Without authorization, no one may reproduce, copy, or publish the content in whole or in part to the public in any manner. Copyright belongs to Harbor Family Office and relevant providers.

$Henry Jia Group (03638.HK)$ $Hang Seng Tech Index (800700.HK)$ $Hang Seng Index (800000.HK)$ $Dow Jones Industrial Average (.DJI.US)$ $Nasdaq Composite Index (.IXIC.US)$$S&P 500 Index (.SPX.US)$ $Bitcoin ETF-Grayscale (GBTC.US)$ $iShares Bitcoin Trust (IBIT.US)$ $Bitcoin ETF-Fidelity (FBTC.US)$ $Bitcoin Futures ETF- $Gold ETF (159934.SZ)$

3388 Views