Gold Dives, Oil Plunges; US Stocks Rise, Chinese ADRs Tumble, Brokers Down 25%!

After reaching a peak of 2708 points, gold has experienced a fluctuating decline over 10 trading days. Having continuously risen for three years with new highs being set repeatedly, it's not surprising for it to fall at any time. With the Federal Reserve's interest rate cuts slowing down, the likelihood of its decline has increased. Last night, the market was calm in the first half, with minor fluctuations, but it suddenly dived in the second half, with the largest overshoot being 1.6% during the session, and it closed down by 1.03% at 2638 points.

Crude oil, after rising for seven consecutive trading days, opened high and then fell last night, continuing to decline all the way. After midnight, it plummeted, with the largest drop during the session being 5.30%, and it closed down by 4.37% at $73.77 a barrel; Brent crude fell by 4.29%, now at $77.46 a barrel.

The three major U.S. stock indices recovered the lost ground after adjusting for one trading session. The Federal Reserve may delay the timing of interest rate cuts due to a loss of $200 billion after the rate cut, but the high-positioned U.S. stocks did not continue to fall as a result.

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Last night, the NASDAQ opened high and rose by 1.45%, the Dow Jones opened high and then quickly dived down by 0.55%, but it recovered and closed up by 0.30%, the S&P opened high and rose by 0.97%.

Large technology stocks: NVIDIA rose by 4.05%, Netflix rose by 2.83%, Apple rose by 1.84%, Tesla rose by 1.52%, Microsoft rose by 1.26%, Amazon rose by 1.06%, Google rose by 0.80%; Advanced Micro Devices fell by 5.03%.

After a continuous surge, Chinese concept stocks significantly retraced last night, with the Chinese concept stock index falling by 6.35%. Among them, securities stocks plummeted, with Hai Chuan Securities falling by 25.59%, Yi Ying Securities falling by 23.29%, and Tiger Securities falling by 16.06%.

Other popular Chinese concept stocks also generally fell, with Happy Auto plummeting by 32.48%, Jinko Energy falling by 20.69%, and Golden Cloud Mountain falling by 14.90%. Bilibili, Weibo, Zhihu, Ctrip, and others fell by 12% to 10%.

Li Auto and NIO fell by more than 8%, JD.com, Baidu, and XPeng Motors fell by more than 7%, iQIYI, Alibaba, and Faraday Future fell by more than 6%, Pinduoduo and NetEase fell by more than 5%, New Oriental, Vipshop, and Qudian fell by more than 4%.A-shares have seen a significant rise for six consecutive trading days, with securities firms and sectors such as semiconductors, software development, real estate, IT services, consumer electronics, white liquor, and new energy leading the gains. It is expected that the market will show divergence today. The securities sector has already hit its upper limit for two consecutive trading days, so caution is advised when chasing high prices!

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