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[Introduction] U.S. stocks rose across the board, and Chinese assets exploded!

On Thursday, August 15, Eastern Time, the three major U.S. stock indexes all closed higher, with technology stocks leading the gains. The Nasdaq and S&P 500 rose for the sixth consecutive trading day. Retail sales data exceeded expectations, and market concerns about a recession eased.

Technology stocks rose across the board, with Tesla up more than 6% and its market value increasing by US$40.7 billion (about RMB 292.4 billion).

Chinese assets exploded, and popular Chinese stocks generally rose. New energy vehicle stocks "NIO, Xpeng and Li Auto" rose collectively, with NIO up 2.97%, Xpeng up 2.47%, and Li Auto up 2.13%.

All three major stock indexes closed higher

Economic data exceeded market expectations

As of the close, the Dow Jones Industrial Average rose 1.39% to 40,563.06 points; the S&P 500 rose 1.61% to 5,543.22 points; and the Nasdaq rose 2.34% to 17,594.5 points, marking its sixth consecutive day of gains.

The market was encouraged by the economic data released by the United States on Thursday, and investors' concerns about a US recession were eased.

U.S. retail sales grew 1.0% month-on-month in July, far exceeding analysts' previous forecast of 0.3%.

According to the U.S. Department of Labor, the number of initial unemployment claims in the United States last week was 227,000, compared with expectations of 235,000. As of the week ending August 3, the number of continuing unemployment claims fell to 1.864 million, compared with expectations of 1.875 million.

Fed's Musallem said that monetary policy is in a moderately tight state, and in the absence of further shocks, inflation seems to have returned to a track consistent with the 2% target in the long run; service and housing inflation are still somewhat stubborn, and there is more work to be done to fight inflation; the labor market is no longer overheated, the balance of risks in inflation and the job market has changed, and the time for a change in the policy interest rate may be coming.

Futures traders raised their odds of a 25 basis point rate cut by the Federal Reserve in September to 74.5% from 65% on Wednesday evening.

Technology stocks rose across the board

Technology stocks rose across the board, with the Wind U.S. TAMAMA Technology Index up 2.38%, Tesla up 6.34%, Apple up 1.35%, Amazon up 4.4%, Netflix up 0.23%, Google up 0.58%, Facebook up 2.01%, and Microsoft up 1.18%.

Apple announced that it will develop the iPhone's NFC chip for developers, allowing them to use the NFC function in their own apps. This means that the iPhone's NFC will be able to achieve more functions in the future.

West Texas Intermediate (WTI) crude oil futures for September delivery rose $1.18, or 1.53%, to settle at $78.16 a barrel.

China's asset explosion

Popular Chinese stocks generally rose, with the Nasdaq China Golden Dragon Index up 1.72%, Hesai Technology up 14.88%, Daqo New Energy up 4.36%, JD.com up 4.25%, Canadian Solar up 3.81%, RELX Technology up 3.8%, JinkoSolar up 3.61%, Dingdong Maicai up 3.57%, and Lufax Holding up 3.45%.

In terms of decline, Huya Live fell 4.94% and iQiyi fell 2.24%.

Chinese listed new energy vehicle stocks rose collectively, with NIO up 2.97%, Xpeng Motors up 2.47% and Li Auto up 2.13%.

The U.S. vice presidential candidates are scheduled to debate in early October

According to Xinhua News Agency, US Republican vice presidential candidate and Ohio Senator James Vance said on August 15 that he agreed to debate with Democratic vice presidential candidate and Minnesota Governor Tim Waltz on October 1.

On the 14th, the American Columbia Broadcasting Corporation proposed four potential dates for a televised debate among the vice presidential candidates. Waltz expressed his willingness to participate in the debate on October 1 that day. He called out to Vance on social media, "See you on October 1."

Vance retweeted Waltz's post on the 15th and replied that he agreed to participate in the debate. In addition, Vance also expressed his willingness to participate in the debate hosted by CNN on September 18, but Waltz did not respond to this.

The Harris-Waltz campaign said in a statement on the 15th that the debate over the debate is over and the Trump campaign has agreed to the two presidential candidate debates and one vice presidential candidate debate proposed by the Harris-Waltz campaign. Former US President and Republican presidential candidate Trump and US Vice President and Democratic presidential candidate Harris will have a debate on September 10, Waltz and Vance will have a debate on October 1, and then Trump and Harris will have another debate in October.

Earlier, ABC announced on the 8th that Trump had agreed to debate with Harris on September 10. Trump has repeatedly expressed his desire to participate in the debate hosted by Fox News in the United States, but Harris' team did not accept it.

(Compiled by Zhao Xinyi)

Editor: Xiaomo

Review: Xu Wen