U.S. Stock Market Night Trading Movements

Alibaba fell 3.03% in night trading. Based on recent news,

1. On July 21, Alibaba's global platform AliExpress was accused by the EU of selling counterfeit goods and was fined €550 million. This incident has undermined market confidence in Alibaba, leading to a drop in stock price.

2. On July 21, Citigroup maintained a target price of HKD 191 for Alibaba's H shares, rating it as "Buy." Nevertheless, the market remains cautious about its short-term prospects, failing to effectively boost the stock price.

3. On July 22, the Ministry of Commerce expressed strong dissatisfaction with the EU's fine and supported Alibaba's appeal. Despite official support, market sentiment remains low, and the stock price continues to be under pressure. Overall, technology stocks are performing weakly, with a strong wait-and-see sentiment in the market.

Stocks with High Trading Volume in the Industry

Amazon fell 0.08% in night trading. Based on recent key news:

1. On July 22, Amazon announced that its platform for businesses and government agencies achieved an annualized sales figure of $60 billion in the second quarter, with the stock price dropping 0.8% during midday trading. This news indicates business growth but failed to boost the stock price. Source: AASTOCKS

2. On July 23, Amazon confirmed layoffs in its general artificial intelligence department, affecting the company's reputation in the AI field. The layoff news led to a 1.5% drop in stock price during trading hours. Source: CNBC

3. On July 23, Bank of America Securities raised its revenue and core earnings forecasts for Amazon's second quarter, reflecting the upward potential of AWS. Despite the upward revision, the stock price still fell during trading hours. Source: Bank of America Securities, pressure on AI investments in the technology sector increases, volatility risk significantly.

Pinduoduo fell 1.63% in night trading. Based on recent news:

1. On July 24, data from the National Bureau of Statistics showed that retail sales of consumer goods in rural areas grew by 2.5%, and Pinduoduo's "free delivery to villages" pilot effectively activated the rural consumption market, driving stock price fluctuations.

2. On July 23, France introduced the "anti-fast fashion" law, imposing restrictive requirements on cross-border e-commerce platforms, including Pinduoduo, leading to increased market concerns and affecting stock prices.

3. On July 23, Pinduoduo continued to invest in logistics infrastructure construction, with data showing that express delivery volume in Tibet increased by 79.8% year-on-year, but concerns about profitability in the short term still exist, impacting stock prices. Cross-border e-commerce faces policy pressure, while rural consumption shows significant growth.

Sea fell 0.31% in night trading. Based on recent key news:

1. On July 21, a system failure at Shopee caused traffic to shift to TikTok Shop, resulting in a significant increase in orders and revenue. Shopee's technical issues led to a surge of buyers moving to TikTok Shop, with order numbers nearly tripling and revenue increasing more than threefold, while advertising costs dropped by 30.5%. This incident has impacted Shopee's market share

2. On July 22, executives of Sea Company sold shares, which may affect market confidence. Sea Ltd's CCO and General Counsel Wang Yanjun sold 2,400 shares of Class A common stock at prices ranging from $105.75 to $107.91, potentially impacting investor confidence.

3. On July 21, Sea launched depositary receipts on the Singapore Exchange to expand its investor base. The Singapore Exchange began trading Sea's depositary receipts, allowing investors to trade in the local market in Singapore dollars, increasing investor participation. Competition in Southeast Asian e-commerce has intensified, and market volatility is evident