Market Recap
US stocks surged on Monday, with all three major indexes closing at record highs. The S&P 500 finished above 6,800 points for the first time, led by gains in tech giants as easing US–China trade tensions lifted investor sentiment.
Reports from Xinhua confirmed that trade talks held in Kuala Lumpur between Chinese and US officials made “constructive progress” and reached a preliminary consensus, boosting optimism for a breakthrough ahead of leaders’ meetings later this week.
At the same time, investors are watching the Federal Reserve meeting closely, expecting a significant rate cut after slightly softer US CPI data. The prolonged government shutdown and data collection delays have also raised uncertainty over the economic outlook.
US Stocks
Tech led the rally as Apple surged 2.28% to a record $268.81, bringing its market cap close to $4 trillion. Both Alphabet A and C shares climbed over 3.6%, also hitting record closes.
Chinese ADRs advanced strongly, with Pony.ai (+6.61%), Xpeng (+6.48%), Baidu (+4.81%), and Alibaba (+2.72%) among the top performers.
US Stocks Snapshot:
- Dow Jones: +337.47 pts (+0.71%) → 47,544.59
- Nasdaq: +432.59 pts (+1.86%) → 23,637.46
- S&P 500: +83.47 pts (+1.23%) → 6,875.16
Hong Kong Stocks
Hong Kong markets were mixed at midday. Bilibili jumped over 5%, while Xiaomi and NetEase fell more than 1%. Semiconductor stocks outperformed as Hua Hong Semiconductor rose over 3%.
Analysts expect the sector to remain supported by “15th Five-Year Plan” policy momentum and AI-driven demand, especially for advanced packaging, domestic materials, and digital chips tied to China’s self-sufficiency push.
Gold miners extended losses, with Zijin Mining down over 3% after Capital Economics predicted gold could fall to $3,500/oz by end-2026, erasing much of this year’s gains.
Market Snapshot:
- Hang Seng Index: +0.02% → 26,437.75
- Hang Seng Tech Index: +0.02% → 6,172.51
- China Enterprises Index: –0.24% → 9,444.62
A50 & Mainland Markets
Mainland Chinese equities edged higher, with all three major indexes rising. Turnover across Shanghai, Shenzhen, and Beijing totaled ¥1.36 trillion, down slightly from the previous session.
Leading gainers included quantum tech, aerospace, and CPO concept stocks, while coal, wind power, and precious metals lagged.
Market Snapshot:
- Shanghai Composite: +0.21% → 4,005.44
- Shenzhen Component: +0.52% → 13,559.57
- ChiNext Index: +1.35% → 3,277.97
Risk Disclosure
Securities, Futures, CFDs and other financial products involve high risks due to the fluctuation in the value and prices of the underlying financial instruments. Due to the adverse and unpredictable market movements, large losses exceeding your initial investment could incur within a short period of time.
Please make sure you fully understand the risks of trading with the respective financial instrument before engaging in any transactions with us. You should seek independent professional advice if you do not understand the risks explained herein.
Disclaimer
This information contained in this blog is for general reference only and is not intended as investment advice, a recommendation, an offer, or an invitation to buy or sell any financial instruments. It does not consider any specific recipient’s investment objectives or financial situation. Past performance references are not reliable indicators of future performance. D Prime and its affiliates make no representations or warranties about the accuracy or completeness of this information and accept no liability for any losses or damages resulting from its use or from any investments made based on it.
The above information should not be used or considered as the basis for any trading decisions or as an invitation to engage in any transaction. D Prime does not guarantee the accuracy or completeness of this report and assumes no responsibility for any losses resulting from the use of this report. Do not rely on this report to replace your independent judgment. The market is risky, and investments should be made with caution.
