Global Headlines You Need to Know Before Tuesday's US Stock Market Open

State Council: Expand the scope for housing provident fund withdrawals and usage. Xiaomi Corporation's Q2 revenue reached RMB 108.9 billion, with net profit of RMB 9.46 billion, exceeding expectations. However, driven by rising storage prices and weak demand, smartphone shipments dropped by 26.5%. Baidu's Q2 revenue was RMB 31.3 billion, slightly missing expectations. AI business accounted for more than half of the total, with GPU cloud revenue posting a strong growth of 283%. US July housing starts fell to 1.239 million units, below expectations. The 10-Year Treasury Yield is approaching 5%, with "bond vigilantes" poised for action! Yardeni: The market has entered a critical warning zone. European Central Bank Chief Economist Lane: Inflation rate will hover around 3% this year; ECB Governing Council Member Rehn: Forward guidance should continue to be retained. According to NBD.com, HSBC requires some existing investment customers in mainland China to submit statements on the source of funds; failure to submit in time may result in termination of related services. Report: Power semiconductor manufacturers in China's Taiwan region are preparing for a third round of price hikes. According to Nikkei News, SoftBank Group Corp. plans to issue JPY 1 trillion in bonds to retail investors. Global stocks and bonds declined together! The 30-year US Treasury yield hit a new high since 2007. US tech stocks fell broadly in pre-market trading, with SanDisk dropping about 4%. Oil prices rose, while gold and silver weakened. The Nikkei 225 Index closed down 2.5%, the Shanghai Composite Index closed up 0.19%, and the Hang Seng Index closed up 0.07%.