wallstreetcn
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October 9
- Stocks Rise on Wall Street but Chinese Tech Stocks Fall, Commodities Plunge, 10-Year U.S. Treasury Yields Near 10-Week High➀ The NASDAQ rose 1.5% with NVIDIA up 4% to a three-month high; ➁ The Chinese tech index fell nearly 7% with NIO, Li Auto, and Tencent ADR down more than 8%; ➂ U.S. 10-year Treasury yields rose to a near ten-week high; ➃ The Fed's third-highest official, New York Fed President Williams, said the U.S. economy is ready for a 'soft landing' and supports a 25 basis point cut in November; ➄ European Central Bank Governing Council member Vasle said open to a rate cut in October but not guaranteed for December.
August 24
- Significant Rebalancing of US Hedge Funds' Portfolios➀ Hedge funds are retreating from popular tech stocks, including NVIDIA. ➁ Mag7 now accounts for only 13% of the average hedge fund portfolio. ➂ The number of hedge funds holding Mag7 as their top ten positions has generally decreased, with Apple being the exception.
August 22
- The Hope of Domestic 3A Games: What Tencent Has Done for 'Black Myth: WuKong'➀ 'Black Myth: WuKong' marks a significant milestone for Chinese gaming, with Tencent's strategic investment in Game Science, the developer, highlighting its commitment to high-quality game development. ➁ Tencent's involvement extends beyond financial support, providing technical assistance through its partnership with Epic Games, which is crucial for the game's development using the Unreal Engine. ➂ The game's success reflects Tencent's broader strategy to fill the gap in the domestic single-player game market, aiming to enhance its reputation and competitiveness in the global gaming industry.