Overnight News on October 24: Major U.S. stock indices closed lower, oil prices soared, gold prices fell, Trump said he might launch a small-scale "epic fury" operation against Iran
Ai Focus
At the close on October 24th, the three major U.S. stock indices fell; the Dow Jones Industrial Average dropped by over 600 points, and Brent crude oil reached a new high since April, with the scope of market selling widening. Popular Chinese concept stocks showed mixed performances, with TSMC rising by 1.49% and Alibaba falling by over 2%. The European market declined by over 1% this week, with concerns over France's fiscal crisis, AI financing issues, and soaring oil prices exacerbating selling pressure. On the corporate front, SK Hynix abandoned its Solidigm U.S. IPO plan, and CoreWeave tumbled 37% this month, with UBS lowering its target price to $105.
Market
Close on October 24: The three major U.S. stock indices closed lower, with the Dow Jones falling by more than 600 points. Brent crude oil reached a new high since April, and the scope of market selling expanded.
On October 24th, the performance of popular Chinese concept stocks was mixed: TSMC rose by 1.49%, while Alibaba fell by over 2%.
European markets fell more than 1% this week: The French fiscal crisis hit the bond market, and concerns about AI financing, along with soaring oil prices, exacerbated selling pressure.
Macro
Company
SK Hynix abandons the Solidigm US IPO plan; analysts say this will be beneficial for Micron and Sandisk, and will alleviate concerns about NAND excess flash memory capacity.
AI to "industrialize" vulnerability discovery, Anthropic executives warn of worsening cybersecurity risks.
CoreWeave tumbled 37% this month, and UBS lowered its target price to $105, stating that the financing risks for AI have increased, and it may take several quarters for market confidence to recover.
Comment
U.S. Bond Market: Treasury yields fall slightly, pressure from selling off tech stocks eases, and the risk premium on French bonds narrows.
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