Experience the new Insightful Investment Assistant. On Tuesday in Eastern Time, the three major US stock indices closed lower. By the close, the Dow Jones Industrial Average fell by 0.86%, the Nasdaq Composite fell by 0.09%, and the S&P 500 index fell by 0.29%. Most large-cap technology stocks rose, with Nvidia increasing by over 2%, Netflix, Microsoft, and Amazon by over 1%, and Google and Meta with slight increases; Apple closed flat, Tesla fell by over 6%, and Intel fell by over 3%. The NASDAQ Golden Dragon China Index closed down by 4.45%, with popular Chinese concept stocks broadly declining, XPeng Motors fell by over 10%, NIO fell by over 9%, JD.com, Bilibili, and Li Auto fell by over 7%, iQIYI fell by over 4%, Baidu fell by nearly 4%, Alibaba and New Oriental fell by over 3%.
Global Highlights: Bitcoin plunges after reaching $90,000! Over 260,000 positions liquidated as ‘Trump Trade’ enthusiasm wanes. On November 12th, Bitcoin suddenly dived after breaking through $90,000, falling nearly $5,000 in just three hours.
ECB Official: Inflation on track, likely to cut rates in December but caution is advised. On Tuesday (November 12th), ECB Governing Council member and Bank of Finland Governor Olli Rehn stated that the ECB might cut interest rates in December, with further reductions possible, but policymakers should remain cautious and proceed step by step.
LNG becomes a key bargaining chip: EU wants to use energy imports to leverage Trump’s tariff policies. According to media analysis, US liquefied natural gas (LNG) is becoming an early bargaining chip in negotiations between the EU and the US. The European side hopes to exchange potential energy import agreements for President-elect Trump not to impose high import tariffs on EU companies.
Japan to inject $65 billion into semiconductor and AI industries. Economic Minister: No tax increase to fund it. New Prime Minister of Japan, Fumio Kishida, promised to provide over $65 billion in new support for the country’s semiconductor and artificial intelligence industries to keep up with the global investment boom in cutting-edge technologies.
When will the ‘Trump Trade’ stop? J.P. Morgan highlights this key indicator! J.P. Morgan stated that investors looking for this sign should pay attention to the US bond market. In its latest research, J.P. Morgan believes that the moment when the 10-year US Treasury yield reaches 5% is likely to be the turning point for the US stock market. Currently, the yield on this bond is around 4.3%.
Middle East cryptocurrency innovation! Two UAE companies collaborate to launch tokenized US Treasury investment tools. Abu Dhabi-based asset management firm Neovision Wealth Management and tech company Realize have collaborated to launch a tokenized investment tool focused on US Treasury bonds – Realize T-BILLS Fund.
