--- title: "Global Headlines You Need to Know Before Tuesday's US Stock Market Open" type: "News" locale: "en" url: "https://longbridge.com/en/news/296230485.md" description: "The State Council has expanded the scope for housing provident fund withdrawals and usage. Xiaomi Corporation reported Q2 revenue of RMB 108.9 billion and net profit of RMB 9.46 billion, beating expectations, but smartphone shipments fell 26.5%. Baidu's Q2 revenue of RMB 31.3 billion slightly missed expectations, with AI business accounting for over half and GPU cloud revenue surging 283%. US July housing starts fell short of expectations, the 10-Year Treasury Yield approached 5%, and global stocks and bonds declined together. The European Central Bank expects inflation to hover around 3%. HSBC requires some mainland China customers to submit statements on the source of funds. SoftBank Group Corp. plans to issue JPY 1 trillion in bonds" datetime: "2026-08-18T12:44:56.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296230485.md) - [en](https://longbridge.com/en/news/296230485.md) - [zh-HK](https://longbridge.com/zh-HK/news/296230485.md) --- # 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%. ### Related Stocks - [HSBC.US](https://longbridge.com/en/quote/HSBC.US.md) - [BIDU.US](https://longbridge.com/en/quote/BIDU.US.md) - [SFTBY.US](https://longbridge.com/en/quote/SFTBY.US.md) - [XIACY.US](https://longbridge.com/en/quote/XIACY.US.md) - [HSBH.US](https://longbridge.com/en/quote/HSBH.US.md) - [01810.HK](https://longbridge.com/en/quote/01810.HK.md) - [09888.HK](https://longbridge.com/en/quote/09888.HK.md) - [00005.HK](https://longbridge.com/en/quote/00005.HK.md) - [HSBA.UK](https://longbridge.com/en/quote/HSBA.UK.md) - [9984.JP](https://longbridge.com/en/quote/9984.JP.md) - [SNDK.US](https://longbridge.com/en/quote/SNDK.US.md) - [000001.CN](https://longbridge.com/en/quote/000001.CN.md) - [00HSI.HK](https://longbridge.com/en/quote/00HSI.HK.md) - [81810.HK](https://longbridge.com/en/quote/81810.HK.md) - [HXXD.SG](https://longbridge.com/en/quote/HXXD.SG.md) - [89888.HK](https://longbridge.com/en/quote/89888.HK.md) - [DTIW.SG](https://longbridge.com/en/quote/DTIW.SG.md) ## Related News & Research - [HSBC Raises US$6.75bn in Senior Unsecured Notes for Long-Term Funding](https://longbridge.com/en/news/296035423.md) - [HSBC seeks NYSE listing for USD 6.75 billion senior unsecured notes issuance](https://longbridge.com/en/news/296034370.md) - [LIVE MARKETS-US Treasury needs to increase coupon issuance next year - HSBC](https://longbridge.com/en/news/296220158.md) - [HSBC Advances Multi-Venue Share Buy-Back With US$263 Million Repurchases](https://longbridge.com/en/news/296279388.md) - [HSBC issues SGD 450 million senior unsecured notes due 2032](https://longbridge.com/en/news/296102875.md)