Last Friday, the global financial markets showed a complex situation. The major indices of the US stock market all closed with a rise, but the weekly trend still showed a downtrend. The Nasdaq Composite Index rose by 0.44% on the day, but fell by 0.65% on a weekly basis; the Dow Jones Industrial Average rose by 0.65%, with a slight weekly drop of 0.15%; the S&P 500 Index rose by 0.59%, with a weekly decline of 0.31%.



However, China's relevant stock indices performed poorly. The Nasdaq China Golden Dragon Index fell by 1.56%, while the China Concept Internet Index ETF and the China Technology Index ETF fell by 1.46% and 1.96%, respectively. This reflects investors' continued concerns about China's technology and internet industry.

It is worth noting that the FTSE A50 futures index rose slightly by 0.11% during continuous night trading, indicating that the mainland China market may have some resilience. Meanwhile, the Hang Seng Index and the Hang Seng Tech Index also saw slight increases in night trading, growing by 0.60% and 0.63% respectively, suggesting that the Hong Kong market may be looking for signs of stabilization.

In the currency market, the offshore yuan against the US dollar is quoted at 7.1435, reflecting that the yuan exchange rate is still under certain pressure. This exchange rate level may affect China's import and export trade as well as cross-border investment decisions.

Overall, global financial markets are at a delicate balance point. Although U.S. stocks closed higher on a daily basis, the weekly trend still shows a fall; Chinese related stock indices face challenges, but A-share and Hong Kong stock futures show some positive signals; the trend of the RMB exchange rate also requires continuous attention. Investors should closely monitor various economic indicators and policy directions to make informed investment decisions in this complex and changing market environment.
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
HodlNerdvip
· 18h ago
this divergence pattern is textbook accumulation phase... statistically bullish af tbh
Reply0
ThatsNotARugPullvip
· 18h ago
The market is going crazy!
View OriginalReply0
DAOdreamervip
· 18h ago
A-shares have been sideways for two months. When can they rise?
View OriginalReply0
RadioShackKnightvip
· 18h ago
Another fall! It's really hard to trade now.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)