News

Currently, with a significant increase in crop yields, lawmakers are considering expanding the ethanol market based on corn as a raw material. Research from S&P Global Energy shows that thanks to improved technology, crop yields continue to climb, resulting in a persistent surplus in supply; however, at the same time, market demand remains stagnant. The research states that this situation will lead to a reduction in farmland acreage and declining farmer profits. Expand

This means that if Waller releases dovish remarks, dampening expectations of rate hikes in the coming months, short covering capital inflows could amplify any rally in the bond market.

Glonghui, June 17 — Technology stocks retreated after several days of strong gains, dragging down the broader market. At the close, the S&P 500 Index fell 0.57%, the Nasdaq declined 1.15%, while the Dow Jones rose 0.64% and reached a new all-time high. SpaceX surged more than 17% during intraday trading but pared gains to close up 4.8%.Most chip stocks declined, with the Philadelphia Semiconductor Index dropping 5.7%. Intel fell more than 8%, AMD dropped over 7%, Micron Technology shed more than 6%, SanDisk declined over 5%, ASML and Broadcom both fell more than 4%, while Western Digital rose 4.2%.A certain exchange's China Golden Dragon Index closed down 2.5%. Among popular Chinese concept stocks, ASE Group, Pony.ai, XPeng, Daqo New Energy, and MINISO fell at least 4.2%; Meituan ADR, NIO, Tencent Music, and Baidu each dropped at least 3.45%; H World Group and NetEase each declined at least 3.27%; Autohome and Bilibili fell less than 3.1%; BYD ADR, WeRide, KE Holdings, Xiaomi Group ADR, and Trip.com each slipped at least 2.47%; Li Auto fell 2.36% and Pinduoduo lost 2.35%.