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U.S. stocks open weaker! The Dow opens lower and declines over 110 points, the S&P 500 index drops 0.44%, and the Nasdaq dips 0.6% in tandem, with tech stocks dragging the main performance—AMD falls 1.7%, Broadcom drops 1.3%, and star tech stocks collectively come under pressure.
Chinese concept stocks are showing clear divergence. The Nasdaq Golden Dragon China Index dips slightly by 0.13%, but Ctrip (TCOM.O) suddenly plunges 17%. It is reported that the company is under investigation by the State Administration for Market Regulation for suspected abuse of market dominance. The company responded that it will actively cooperate with the investigation and that business operations are normal.
Additionally, the U.S. earnings season has kicked off. Financial stocks like JPMorgan Chase show volatility, and combined with market concerns over policy issues, short-term fluctuations may intensify. $BTC #美联储降息