Li Auto Stock Drops Amid Dampened Hopes For US-China Trade Progress
Industrials, Agriculture, and China Banking reach new highs again! The Banks Sector continues to be hot, and today's "new high bull" scan shows that these directions also have a high proportion.
①Today, Bank stocks became active again, among which, the three major banks, Industrial, Agricultural, and China, continue to hit historical highs, with Construction Bank approaching its historical peak. ②The financing balance of the Banks sector has slightly declined compared to mid-April, while still remaining at a relatively low level for this year. ③A total of nearly 20 stocks reached historical highs today, with the highest proportion being Autos stocks, and there are also many from basic chemicals, agriculture, forestry, animal husbandry, and fishing, and the Banks stocks.
The outlook for tariff negotiations is uncertain, U.S. stock Futures have decreased, European stocks opened lower collectively, and the dollar has weakened.
In Pre-Market Trading, Growth Tech stocks experienced widespread declines, with NVIDIA and Tesla both dropping nearly 1%. JD.com fell about 5%, while Ideal dropped over 2%. European stocks opened lower collectively, and the euro rose 0.6% against the dollar, reaching 1.1386. Spot Gold increased 1.2% to $3,327.98 per ounce.
How to understand the adjustment of Gold in this round?
Deutsche Bank stated that the recent decline in Gold is mainly due to the rebound of the dollar and the market's overinterpretation of tariff news. The tariff issues in the USA have not yet been resolved, and there remains significant uncertainty about the outlook, therefore the extent of the Gold pullback is limited.
Hong Kong stock midday review | Hang Seng Index down 1.21% Hang Seng Biotechnology Index strengthens against the trend.
The Hang Seng Biotechnology Index rose against the market trend, with Institutions being Bullish on the overseas expansion of Innovative Drugs and the domestic substitution of certain biopharmaceutical companies.
Technology stocks are rebounding, while high-profile stocks are collectively "cooling down". The market may enter a critical period for switching between high and low performances.
Track the entire lifecycle of the main Sector.
