Chinese stocks rose sharply.
On June 9, local time, the three major U.S. stock indexes opened higher collectively, and then the trends differentiated. As of press time, the Dow Jones Industrial Average fell 0.29%, the Nasdaq rose 0.22%, and the S&P 500 fell 0.01%.
Tesla fell by more than 4% at the beginning of the session, and its current decline narrowed to less than 1%. Last week, Tesla's stock price fell by more than 14% due to the "war of words" between its CEO Musk and US President Trump.
On June 7, local time, Trump said that if Musk funded Democratic candidates who opposed the Republican budget, he would face "very serious consequences." "If he does this, he will pay for it," Trump said, but did not disclose specific measures. Trump added that he had no intention of repairing his relationship with Musk, "I think the relationship is over."
Chinese stocks strengthened at the beginning of the trading session, and the Nasdaq China Golden Dragon Index once rose by more than 2%.
A-shares and Hong Kong stocks performed well during the day on June 9, Beijing time. The Shanghai Composite Index broke through 3400 points during the session, and the ChiNext Index rose by more than 1%; the Hang Seng Index rose by more than 1% and returned above 24,000 points, and the Hang Seng Technology Index rose by nearly 3%, increasing by more than 20% since its April low, entering a technical bull market. On the news, on the afternoon of June 9th local time, the first meeting of the Sino-US economic and trade consultation mechanism began in London, England. He Lifeng, member of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, held talks with relevant U.S. parties. Recently, Goldman Sachs raised its earnings growth expectations for the MSCI Asia-Pacific (except Japan) index. Goldman Sachs pointed out that strong macro growth in China and the United States is the main reason for the upward increase in expectations. Although the weakening of the dollar may partially offset this positive, the structural opportunities brought by the AI investment wave are still seen as an important driver of the Asian market. Morgan Stanley strategist Wang Ying recently said that due to the weakening of the US dollar, the weakening of the "American Exceptionism" trend and the increasing willingness to diversify investors, Chinese stocks will attract more capital inflows in the next 6 to 12 months. 【Source: Securities Times; Editor: Xiao Ran】
