A50 experiences a sharp upward rally, with three major positives coming from the external markets
2026-08-21 12:22:45
According to CoinMeta, on Friday morning, the A50 index soared sharply, and the main A-share indices also rebounded collectively. Sectors related to AI, such as CPO and liquid cooling, saw significant strength. At the same time, South Korea's stock market turned from decline to rise, with a notable increase, while the decline in Japan's stock market also narrowed significantly. There were three major positives from the external markets: First, the U.S. Treasury yield rates, which were a concern to the market, tumbled across the board after the opening of the Asia-Pacific markets. The expected changes in the U.S. Treasury market opened the "box of demons" for a weaker dollar, which is beneficial for equity valuation. Second, the South Korean exchange activated the sidecar mechanism and suspended the KOSDAQ programmed selling orders. Finally, Micron Technology stated that artificial intelligence has fundamentally changed the cyclical nature of the storage industry, which has been trapped in a cycle of prosperity and recession in the past.
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Source:Jin10 Data
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