Financial Daily: Nasdaq Composite Index continues its ten-day rally! Progress in US-Iran talks boosts top seven US tech stocks; A-share computing power sector makes a strong comeback

- Focus

– US President Trump stated that the US and Iranian delegations may restart negotiations this week in Islamabad, Palestine

– The International Monetary Fund released the 'Global Financial Stability Report,' which pointed out that叠加中东冲突与高利率环境 has led to an increase in global financial stability risks.

– U.S. Customs and Border Protection stated that tariff refunds will begin on the 20th.

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- Stock Market

[U.S. Market] The U.S. and Iran may restart peace talks, improved risk appetite helped the three major U.S. stock indexes close higher.

U.S. President Trump stated that negotiations with Iran might restart in the second half of this week. Improved market risk appetite led to a collective rise in the three major U.S. stock indexes, with the Nasdaq rising nearly 2%, marking its tenth consecutive trading day of gains, while the VIX continued to decline.

At the close, the S&P 500 Index rose 1.18% to 6,967.38 points; the Nasdaq Index rose 1.96% to 23,639.083 points; the Dow Jones Industrial Average rose 0.66% to 48,535.99 points. The VIX panic index fell 3.97% to 18.36 points. The energy sector ETF fell over 2%, the global aviation industry ETF surged about 4.4%, and the consumer discretionary ETF closed up 2.21%.

The U.S. tech giants index closed up 2.78%, led by Meta with a 4.41% gain. Amazon, NVIDIA, and Google A all rose over 3.6%, Tesla closed up 3.33%, Microsoft closed up 2.25%, and Apple closed down 0.16%. The Nasdaq Golden Dragon China Index rose 2.35% to 7,016.57 points. Among popular Chinese stocks, tech companies performed well: JD.com closed up 7.7%, Baidu closed up 5.4%, and Alibaba closed up 2.6%. In individual stocks, Taiwan Semiconductor closed up 2.83% and American Airlines surged about 8%.

[European Market] European major indexes were all up on Tuesday.

On Tuesday, European major indexes were all up. At the close, the pan-European STOXX 600 Index rose 0.99% to 619.95 points. The pan-European STOXX 50 Index rose 1.35% to 5,984.51 points.

The German DAX 30 Index rose 1.27% to 24,044.22 points; the French CAC 40 Index rose 1.12% to 8,327.86 points; the UK FTSE 100 Index rose 0.25% to 10,609.06 points.

[Asian Market] Asian stock markets strengthened on Tuesday.

News of upcoming negotiations between the US and Iran this week boosted market sentiment, driving a broad rally in Asian stocks. By the close, the Nikkei 225 Index surged 2.43% to 57,877.39 points, while the Japan TOPIX Index climbed 0.87% to 3,755.27 points. The Korean KOSPI Index rose 2.74% to 5,967.75 points.

[Hong Kong Market] Hong Kong shares opened higher but retreated; all three major indices closed with gains

On Tuesday, Hong Kong shares opened higher but then retreated, with all three major indices closing with gains. By the close, the Hang Seng Index gained 0.82% to 25,872.32 points, the Hang Seng Tech Index rose 0.62% to 4,851.96 points, and the Hang Seng China Enterprises Index added 0.81% to 8,671.61 points. In terms of sectors, semiconductors, non-ferrous metals, and biopharmaceuticals performed strongly, with Kingdee International rising over 7%, and Wuxi Bio gaining more than 5%. Electrical equipment and tobacco-related stocks weakened. Pop Mart’s stock surged 6.53% after its newly launched IPs and products were well-received by the market, with several items selling out shortly after being listed; the stock once rose about 8.5% during the session.

[A-Share Market] All three major A-share indices closed higher.

A-shares opened higher and fluctuated upward, with all three major indices closing with gains. The Shanghai Composite Index returned above the 4,000-point mark, and the ChiNext Index rose more than 2%. By the close, the Shanghai Composite Index gained 0.95% to 4,026.63 points, the Shenzhen Component Index rose 1.61% to 14,639.95 points, and the ChiNext Index jumped 2.36% to 3,558.53 points. Shares of compute hardware, compute rental, and memory chip sectors collectively strengthened due to growing AI-driven demand and rising prices, with Keyo Electronics surging over 13%, and沪电股份 (GKG) hitting the daily limit;协创数据 (XCD) soaring 20%, and佰维存储 (BWS) and聚辰股份 (JYI) both rising over 10%. The semiconductor equipment concept trended higher, with富创精密 (FCCP) climbing nearly 12%, and金海通 (JHT) hitting the daily limit. Commercial aerospace sector stocks surged mid-session following the successful launch of eight satellites, including the Jilin-1 Gaofen 07A02 satellite. Shares of航天环宇 (Space Environment), 航天南湖 (South Lake Aerospace), and博云新材 (BYNM) surged over 10%, with multiple stocks rising more than 5%.

– Bonds

[US Bonds] US Treasury yields continued to decline after the opening, with the 10-year Treasury falling over 4 basis points

US Treasury prices strengthened, with yields continuing to fall after the opening. In late New York trading, the yield on the 10-year US Treasury fell 4.15 basis points to 4.2518%, while the yield on the two-year Treasury dropped 2.52 basis points to 3.7470%.

[Non-US Bond Markets] European bond yields declined significantly

On Tuesday, European government bond yields declined significantly. In late European trading, the yield on Germany's 10-year government bond fell 7.1 basis points to 3.022%, while the yield on the two-year bond dropped 10.7 basis points. The yield on the UK’s 10-year government bond fell 8.8 basis points to 4.781%, while the yield on the two-year bond dropped 11.2 basis points. France's 10-year government bond yield fell 9.1 basis points to 3.658%.

[China Bond Market] Government bond futures rose across the board on Tuesday

On Tuesday, government bond futures opened lower but rebounded mid-session, ending the day with gains across the board. By the close, the 30-year main contract was up 0.11%, the 10-year main contract rose 0.14%, the 5-year main contract added 0.07%, and the 2-year main contract increased 0.02%.

– Foreign exchange

The US dollar continued to decline, with the ICE Dollar Index falling by 0.24%.

The US Dollar Index continued to decline, almost returning to pre-US-Iran conflict levels. In late New York trading, the ICE Dollar Index fell 0.24% to 98.130 points, while the Bloomberg Dollar Index dropped 0.27% to 1,193.27 points.

The US dollar fell against major global currencies across the board, with the yen rising nearly 0.4%.

The US dollar declined against major global currencies across the board, with the yen rising nearly 0.4%. In late New York trading, the dollar fell 0.37% against the yen to 158.87 yen. The euro rose 0.28% against the dollar, the pound gained 0.43% against the dollar, the dollar fell 0.34% against the Swiss franc, and the Australian dollar climbed 0.38% against the dollar.

The offshore yuan exchange rate stood at 6.8108 yuan per dollar.

In late New York trading, the offshore yuan weakened by 89 points against the dollar from the previous session, closing at 6.8108 yuan. Onshore, the yuan strengthened by 174 points against the dollar from the previous close, ending at 6.8164 yuan.

The cryptocurrency market strengthened, with Ethereum rising approximately 2.7%.

In late New York trading, Bitcoin surged then pulled back, briefly touching $76,000, up about 2.3%, while Ethereum gained approximately 2.7%.

– Product

US crude oil futures prices fell 7.87%.

Oil prices retreated significantly as both the US and Iran showed willingness for further negotiations. In late New York trading, US crude oil futures dropped 7.87%, settling at $91.28 per barrel.

Precious metals market saw a broad rise, with spot gold prices up more than 2%.

Precious Metals:Gold prices steadily rose throughout the day. By the New York close, spot gold was up 2.12% at $4,840.60 per ounce; US gold futures rose 2.02% to $4,863.80 per ounce.

Metals Futures Market:The metals market broadly gained as market sentiment improved. Spot silver surged 5.30% to $79.6131 per ounce, while US silver futures climbed 5.42% to $79.765 per ounce. US copper futures increased approximately 1.6% to $6.146 per pound, spot platinum rose 1.52%, and spot palladium advanced around 0.7%.

[Disclaimer]

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