Overseas Markets | US Three Major Indices Retreat Together, Storage and AI Application Stocks Plunge

The three major US stock indices collectively pulled back overnight: the Dow Jones fell 0.85%, the Nasdaq dipped slightly by 0.06%, and the S&P 500 dropped 0.18%. Storage and AI application software stocks plummeted, with Western Digital crashing 13%, SanDisk falling over 6%, and Datadog dropping more than 19%.

The Golden Dragon China Index rose slightly by 0.27%. Performance among popular Chinese concept stocks was mixed: JD.com rose 0.83%, NetEase gained 1.76%, Bilibili increased by 0.38%, while Alibaba fell over 1%.

London spot gold closed at 4239.77, down 0.17%. A weakening US dollar index and US July ADP employment figures significantly below expectations provided support, though prices surged intraday before pulling back.

US stocks currently face significant pressure. The Federal Reserve's hawkish stance, weakened forward guidance, and amplified dissent among voting members have kept market pricing of rate hike risks persistent. Rising yields on long-term US Treasury bonds are tightening financial conditions, directly suppressing high-valuation tech, AI industry chains, and assets with distant cash flows.

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Global Tech Leaders: Nasdaq ETF Huaxia (513300)

Core US Broad Market: S&P 500 ETF Huaxia (159655)

Tracking Gold Prices: Gold ETF Huaxia (518850)