Author: xjadmin

Türkiye’s President Recep Tayyip Erdogan announced on August 1 local time that Türkiye will hold a one-day national mourning for Hania, the leader of the Political Bureau of the Palestinian Islamic Resistance Movement (Hamas), who was killed in the attack on August 2. Haniya was assassinated in the early morning of July 31st in Tehran, the capital of Iran.

On August 1st local time, Israeli military radio reported that according to informed sources, Hamas has indefinitely frozen negotiations for a ceasefire and personnel exchange agreement due to the attack and death of Ismail Haniyeh, the leader of the Palestinian Islamic Resistance Movement (Hamas) Politburo.

On August 1st local time, Intel, a Silicon Valley chip manufacturer, announced that it will lay off more than 15000 jobs. It is reported that Intel’s layoffs this time are equivalent to 15% of the total number of employees.

Recently, a poster of Hongqi Automobile circulating on the internet showed that Hongqi Automobile launched a “buy Maotai liquor as a gift” campaign for two car models. FAW Hongqi told First Financial reporters that during the investigation, the promotional activities were not true and the logos were incorrect.

Vanke Zhongtian Century Waterfront, located in Dongguan, has launched a “buy one get one free” promotion, which has attracted social attention in a short period of time. Vanke responded to this incident on the 1st, stating that “there are limited discounted properties available for the event, and the linked sales activity has ended”, and emphasizing that “there was no mandatory bundled sales during this linkage”.

As of the close, the Nasdaq fell 2.3%; The S&P 500 index fell 1.37%, while the Dow Jones Industrial Average fell 1.21%; Most large tech stocks fell, with Tesla and Nvidia falling more than 6%, Intel falling more than 5%, Apple and Amazon falling more than 1%, and Google and Microsoft falling slightly. Chinese concept stocks generally fell, with the Nasdaq China Golden Dragon Index falling 3.35%.

On August 1st, Northbound funds sold a net of 5.701 billion yuan throughout the day; Among them, the Shanghai Stock Connect sold a net of 959 million yuan, and the Shenzhen Stock Connect sold a net of 4.742 billion yuan. Among the top ten traded stocks, the top three in terms of net buying amount are WuXi AppTec, CITIC Securities, and Cambrian. The top three companies in terms of net sales are BYD, Wanhua Chemical, and Shennan Circuit.

On August 1st, a total of 19 stocks on the Dragon and Tiger List showed the presence of institutions, with 3 stocks showing net institutional buying and 16 stocks showing net institutional selling. The top three stocks that institutions net bought on that day were China Electric Motor, Kede Education, and SJTU Sino. The top three stocks sold by institutions on that day were Jinyi Technology, Guozhong Water, and Jinlong Shares.

On August 1st, a China Europe freight train departed from the logistics base of Hefei North Station (drone photo).

On a scorching summer day, the logistics base of Hefei North Station in the Hefei Railway Logistics Center of China Railway Shanghai Group Co., Ltd. is bustling with activity, with trains of China Europe freight trains fully loaded with goods departing from here. From January to July this year, the China Europe freight train (Hefei) operated a total of 380 trains, a year-on-year increase of 3%.

Photo by Xinhua News Agency reporter Zhou Mu

The Federal Reserve has kept the benchmark interest rate unchanged in the range of 5.25% -5.50%, which is in line with market expectations.

On July 31st local time, Federal Reserve Chairman Powell held a press conference on the Federal Funds Rate policy released by the Fed that day. He stated that if the inflation test is met, the Federal Reserve may cut interest rates as early as September, and emphasized that all of the Fed’s decisions are “absolutely” non political and unrelated to the upcoming presidential election. Powell hinted in response to questions that the possibility of a 50 basis point interest rate cut is unlikely.

On July 31 local time, US Secretary of State Antony Blinken, who was on a multi country visit to the Indian Pacific region, said that the United States “did not know and participated in” the assassination of Ismail Haniyeh, the top leader of the Palestinian Islamic Resistance Movement (Hamas). Antony Blinken reiterated his support for the ceasefire and hostage release agreement between Israel and Hamas, but added that it was difficult to “speculate” whether Haniyeh’s death would complicate the ceasefire and the agreement on the release of detainees.

On July 31st local time, Palestinian President Abbas announced a day of national mourning and lowered flags to half mast to mourn the death of Ismail Haniyeh, the leader of the Palestinian Islamic Resistance Movement (Hamas) Politburo.

On July 31st local time, Israeli government spokesperson David Menser held a press conference, refusing to comment on the assassination of Palestinian Islamic Resistance Movement (Hamas) leader Ismail Haniya and stating that Israel does not comment on this specific incident. He also stated that Israel is on high alert for possible retaliatory actions against Iran.

On July 31st local time, Ukrainian sources reported that the Intelligence Directorate of the Ukrainian Ministry of Defense had attacked the networks of Russian financial institutions and government agencies. The operation lasted for a week, and the online services of key Russian institutions were affected accordingly, including the Central Bank of Russia, telecommunications service providers, the national payment system, social networks and communication software, government resources, and dozens of other services. At present, there is no response from the Russian side to this news.

On July 31st local time, several medical institutions in Japan held a joint press conference, calling on the Tokyo Metropolitan Government and the Japanese government to conduct a nationwide inspection of the concentration of organic fluoride in residents’ blood, and hoping that Japanese governments at all levels can identify the sources of organic fluoride pollution and promote pollution removal operations.

On July 31st local time, the Myanmar Defense and Security Council held a meeting in Naypyidaw and decided to extend the state of emergency for another six months from August 1, 2024, in accordance with relevant provisions of the current constitution.

On July 31, according to several local media reports in Singapore, on Tuesday afternoon (July 30) local time, ByteDance Singapore office suspected a collective food poisoning incident. Several employees felt unwell after eating a Chinese buffet lunch in the canteen, and at least 60 people had symptoms of gastroenteritis, 57 of whom went to the hospital for medical treatment. Later, a ByteDance spokesman said: “We attach great importance to the health and safety of employees. The company has immediately taken measures to support all affected employees, including cooperating with the emergency response department to provide medical care for employees. At present, the company is cooperating with the relevant authorities to carry out an investigation on the cause of the accident.”

According to the WeChat official account of Country Garden, Country Garden issued a statement saying that recently, the company noticed that the video of our senior executives was rumored online, and the relevant network subjects maliciously fabricated and spread untrue content in order to obtain traffic, which the company has reported to the public security organ. The company will take all necessary measures to fully safeguard the legitimate rights and interests of the enterprise and its employees.

On July 31st, during the fourth quarter financial conference call for New Oriental’s 2024 fiscal year, Yang Zhihui, Executive President and Chief Financial Officer of New Oriental Education Technology Group, responded to whether compensation would be given to Dong Yuhui. He stated that this expense will be incurred in the fourth quarter of this fiscal year and the first quarter of the next fiscal year, and the specific amount will be announced during the next financial conference call, but this is a one-time expense.

As of the close, the Nasdaq rose 2.64% and fell 0.75% in July; The S&P 500 index rose 1.58%, with a cumulative increase of 1.13% in July; The Dow Jones Industrial Average rose 0.24%, with a cumulative increase of 4.41% in July; Among them, the S&P 500 index and the Dow Jones Industrial Average both rose for three consecutive months. Most large technology stocks rose, with Nvidia rising nearly 13% and its daily market value increasing by $326.9 billion (approximately RMB 2.36 trillion), the largest growth in history. Chinese concept stocks generally rose, with the Nasdaq China Golden Dragon Index up 0.78%.

On July 31st, northbound funds had a net inflow of 19.58 billion yuan throughout the day; Among them, the net purchase of Shanghai Stock Connect was 11.363 billion yuan, and the net purchase of Shenzhen Stock Connect was 8.217 billion yuan. Among the top ten stocks traded, the top three in terms of net purchases were China Nuclear Power, Kweichow Moutai and China Ping An. The top three companies in terms of net sales are CATL, Fuyao Glass, and Haier Smart Home.