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What's the reason? The Japanese stock market surged by 1,000 points, and the Asia-Pacific market was collectively boiling!

2024-08-16

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The Asia-Pacific market surged across the board again.

  Japanese stocks surge again

Among them, the Nikkei 225 index soared by more than 1,000 points.

  

Major indices in South Korea, Singapore, Australia and other countries also surged.

  

According to analysis, previous US retail sales data eased concerns about an economic recession.

In terms of A-shares, the Shanghai Composite Index and others also strengthened collectively.

  

In terms of Hong Kong stocks, the Hang Seng Index and the Hang Seng Technology Index rose by more than 1%.

  

  U.S. retail sales far exceeded expectations in July

Last night, the United States released July retail data, which exceeded expectations across the board, with the overall retail growth rate hitting a one-and-a-half-year high on a month-on-month basis.

It is reported that the US retail sales data directly reflects the increase or decrease in consumption of US residents, so the data plays a very important role in judging the current situation and prospects of the US economy.

U.S. retail sales rose 1.0% month-on-month in July, in line with expectations for a 0.3% increase, and the previous reading was revised from unchanged to a 0.2% decrease. Core retail sales rose 0.4% month-on-month, in line with expectations for a 0.1% increase, and the previous reading was revised from a 0.4% increase to a 0.5% increase.

The US import price index rose 1.6% year-on-year in July, in line with expectations of a 1.5% increase and the previous value of 1.6%; it rose 0.1% month-on-month, in line with expectations of a 0.1% decrease and the previous value remained unchanged. The export price index rose 1.4% year-on-year, in line with expectations of a 0.1% increase and the previous value of 0.7%; it rose 0.7% month-on-month, in line with expectations of remaining unchanged, and the previous value was revised from a 0.5% decrease to a 0.3% decrease.

U.S. industrial output fell 0.6% month-on-month in July, compared with expectations of a 0.3% drop, and the previous value was revised from a 0.6% increase to a 0.3% increase. Capacity utilization was 77.8%, compared with expectations of 78.5%, and the previous value was revised from 78.8% to 78.4%.

In addition, the number of initial unemployment claims in the United States last week was 227,000, which was expected to be 235,000 and the previous value was revised from 233,000 to 234,000; the four-week average was 236,500, which was revised from 240,750 to 241,000; the number of continued unemployment claims in the week ending August 3 was 1.864 million, which was expected to be 1.875 million and the previous value was revised from 1.875 million to 1.871 million.

  US stocks surged last night

After the data was released, the three major U.S. stock indexes rose sharply. By the close, the Dow Jones Industrial Average rose 1.39%, the S&P 500 rose 1.61%, and the Nasdaq rose 2.34%. Cisco rose 6.8% and Walmart rose 6.58%, leading the Dow Jones Industrial Average.

  

Tesla rose 6.34%, Amazon rose 4.4%. Chinese stocks generally rose, Hesai Technology rose 14.88%, Daquan New Energy rose 4.36%.

Editor: Peng Bo

Proofreading: Yang Shuxin