- Major US stock indices recorded gains on August 21, with the Nasdaq rising 0.43%, the S & P 500 up 0.43%, and the Dow Jones increasing 0.98%.
- Top Chinese concept stocks experienced varied performance, led by Canaan Inc rising 27.29% with a trading volume of 33,011,000 USD and Futu Holdings gaining 9.68% with a 420,000,000 USD turnover.
- Conversely, Jianzhi Education dropped 33.73% with a trading volume of 2,348,000 USD, and Daqo New Energy fell 9.35% with a 22,787,000 USD turnover.
- Major US stock indices declined on August 20, with the Nasdaq dropping 1 %, the S&P 500 falling 0.87 %, and the Dow Jones decreasing 1.32 %.
- Top Chinese concept stocks experienced significant volatility, highlighted by Jiayin Education surging 95.29 % and Canaan Inc gaining 16.16 %.
- Other notable movers included ATM Group falling 11.11 % and Yuchai International dropping 10.89 %.
- On August 20, US stocks experienced significant fluctuations, with Moderna plunging over 23 % and Walmart dropping more than 9 %, while the cryptocurrency sector rallied across the board.
- Major tech and Chinese concept stocks showed mixed performances, driven by individual earnings reports and corporate updates.
- Macroeconomic factors such as the Federal Reserve's hawkish 7-month minutes and lower-than-expected initial jobless claims heightened market expectations for interest rate hikes.
- Strategy, Coinbase, and other crypto-related stocks surged over 12 % following optimism around the CLARITY Act and favorable macroeconomic conditions.
- The surge was driven by capital rotation from AI stocks, expected legislative progress for the CLARITY Act in September 2025, and the U.S. Treasury 's plan to double long-term bond buyback operations.
- Passing the legislation aims to establish clearer regulatory rules for digital assets and trading platforms, thereby removing years of regulatory uncertainty for companies like Coinbase.
- On August 18, major US stock indices closed lower, with the Nasdaq Composite falling 1.33 %, the S&P 500 dropping 0.69 %, and the Dow Jones losing 0.22 %.
- Among major Chinese concept stocks, Adagene rose 5.74 % with a turnover of 1.33 million USD, and Lufax gained 5.52 % with a turnover of 1.96 million USD.
- Conversely, VNET declined by 16.92 % on a turnover of 1.1 billion USD, and Baidu decreased by 12.73 % with a turnover of 1.5 billion USD.