News

This intervention by Renault has once again revealed the underlying interest differences in the long-standing alliance between Renault and Nissan. The direction of subsequent negotiations among the related parties and the final personnel arrangements for Nissan's board of directors are receiving close attention within the industry.

On June 18 local time, after the United States and Iran reached a memorandum of understanding on a ceasefire, market risk appetite rebounded significantly. Following reports that commercial shipping had resumed in the Strait of Hormuz, all three major U.S. stock indices closed higher, with the Nasdaq rising 1.91% and the Philadelphia Semiconductor Index surging 6.42%. Individual stocks performed even more impressively. Intel rose more than 10%, Micron Technology gained over 8%, and TSMC and Qualcomm both climbed over 6%. SanDisk rallied over 11%, with its total market capitalization surpassing 320 billion USD and its cumulative gains so far this year already exceeding 800%.For domestic investors, although they cannot directly buy these popular chip stocks, a number of QDII funds with heavy semiconductor holdings have also achieved substantial gains this year.

As the core trading commodity in the international precious metals market, the price fluctuations of New York gold futures are usually closely related to the movement of the US dollar, global inflation expectations, changes in geopolitical situations, and shifts in market risk sentiment. This intraday pullback has also been affected by a combination of various current market factors.