Global Headlines You Need to Know Before Monday's US Stock Market Open
People's Bank of China: Keep the RMB exchange rate basically stable at a reasonable and balanced level, and build a "technology board" for the bond market with high quality. The Ministry of Commerce preliminarily determines that imported pecans originating from Mexico and the United States are being dumped. White House Economic Advisor Hassett: If I were at the Federal Reserve now, I would choose to keep interest rates unchanged or cut them. Report: The Bank of Japan signals a potential interest rate hike in September, prompting the United States to join in foreign exchange market intervention. UNITREE sees hot subscription on the STAR Market, with an allocation rate of only 0.018%; first-day profits may exceed 200,000 yuan. Alibaba Cloud plans to more than double its global data center capacity. Meta releases a small AI model that can run locally on a single graphics card; Zuckerberg calls on the US government to lower entry barriers for open-source AI. Samsung's HBM4 yield reaches the 80% "gold standard," accelerating NVIDIA Vera Rubin supply. Intel falls more than 3% in pre-market trading; the company will issue $15 billion in common stock to raise capital amid the AI data center boom. Strong demand for AI chips drives Taiwan Semiconductor's July revenue up 44.7% year-on-year. SK Hynix responds to rumors of "considering selling its Chongqing factory": Nothing has been determined yet. Institutions: Estimate that the cost of the iPhone 18 Pro will increase by nearly 40%; Apple may adjust its gross margin strategy to ensure steady shipments. Tech stocks continue their upward trend; optical module stocks rise collectively in pre-market trading; stalemate in Hormuz negotiations pushes up oil prices; gold remains at high levels. The Nikkei 225 Index closed up 2.1%, the Shanghai Composite Index closed up 0.67%, and the Hang Seng Index closed up 1.05%.
