On Tuesday, U.S. stocks closed lower as rising oil prices put pressure on the indices. The market is keeping a close eye on CPI inflation data this week. 

U.S. Stocks 

Fundamental Analysis: 

Last week, U.S. stocks had a strong performance, with the Dow Jones and Nasdaq both rising by 1.4% and 3.3%, respectively, marking their largest weekly gains since July. The S&P 500 index increased by 2.5%, marking its best weekly performance since June. 

Most large-cap tech stocks saw gains, with Tesla surging by over 4%. Tesla China reported August sales of 84,100 vehicles, a 9.3% year-over-year increase, with Chinese-produced Model 3 and Model Y models seeing a 30.9% growth in sales compared to the previous month.  

Netflix (Netflix) rose by 2%, while Microsoft and Meta (formerly Facebook) gained over 1%. Apple, NVIDIA, and Google saw modest gains, while Amazon experienced a slight decline.  

VinFast, however, dropped by over 11%, continuing a five-day decline and marking a 66% decrease from its high point last Monday. 

Many popular Chinese concept stocks experienced declines, with the Nasdaq Golden Dragon China Index falling by 2.08%.  

XPeng Motors fell by over 5%, iQiyi dropped by over 3%, and Baidu and Bilibili both saw declines of over 2%.  

Luckin Coffee’s American depositary shares surged by over 5%, with pre-market gains exceeding 7%, making an impressive recovery of over 34 times its historical low. The company’s coffee “Suan Xiang Nai Tie” achieved a first-day sales record of over 5.42 million cups and revenue exceeding 1 billion yuan, setting a new record for single-product sales. 

The focus of this week will be on the Consumer Price Index (CPI) data, which may provide clues about inflation pressures in August. The next Federal Reserve policy meeting is scheduled for September 20. 

Technical Analysis:   

(S&P 500 Index, 1-day chart) 

Market Trends: 

• Dow Jones Industrial Average fell by 195.74 points, a 0.56% decrease, closing at 34,641.97 points. 
• Nasdaq Composite Index dropped by 10.86 points, a 0.08% decrease, closing at 14,020.95 points.  
• S&P 500 Index declined by 18.94 points, a 0.42% decrease, closing at 4,496.83 points. 

Hong Kong Stocks 

Fundamental Analysis: 

Today, all three major Hong Kong stock indices declined. After opening lower by 51 points in the morning and briefly narrowing to a 22-point loss, the Hang Seng Index rebounded to a daily high.  

However, positive external news has started to fade, and there have been no signs of new measures being introduced.  

The market gradually extended its losses, reaching as low as 18,256 points, with a maximum drop of over 200 points near the 18,000 support level before narrowing the losses by more than half. 

In the market, internet-related stocks saw declines, with Baidu, Inc. (9888.HK) and NetEase, Inc. (9999.HK) dropping by over 2%, and Tencent Holdings Limited (0700.HK) and Meituan (3690.HK) falling by over 1%.  

Automotive stocks collectively declined, with XPeng Inc. (9868.HK) dropping by over 4%.  

In contrast, real estate and property management stocks surged, led by Sunac China Holdings Limited (1918.HK), which rose by over 61%. Country Garden Holdings Company Limited (2007.HK) also saw an increase of nearly 18%, and Evergrande Property Services Group Limited (6666.HK) increased by nearly 14%.  

The pharmaceutical sector experienced significant declines, with WuXi AppTec Co., Ltd. (2359.HK) falling by nearly 6%.  

Sports equipment, internet healthcare, and tourism sectors also saw prominent declines. 

Technical Analysis:   

(Hang Seng Index, 1-day chart) 

Market Trends: 

• Hang Seng Index (HSI) fell by 0.82%, closing at 18,306.24 points. 
• Hang Seng Tech Index (HSTECH) dropped by 1.5%. 
• Hang Seng China Enterprises Index (HSCEI) declined by 0.86%. 

FTSE China A50 Index 

Fundamental Analysis: 

A-shares in China opened lower, with the Shanghai Composite Index showing sideways trading after the opening, while the ChiNext Index gradually weakened, with a decline of nearly 1%.  

The total trading volume in the Shanghai and Shenzhen markets reached 4356.62 billion yuan, with a net outflow of 1.136 billion yuan in northbound funds.  

Among the listed stocks, 29 were limit-up (including ST stocks), and 1 was limit-down. 

In terms of industry sectors, electronic chemicals, computer equipment, aerospace, semiconductors, and communication equipment showed the highest gains, while gaming, photovoltaic equipment, airports, shipping ports, and the steel industry experienced the biggest declines.  

Regarding thematic trends, photoresist, satellite communication, Huawei concepts, and Chiplet concepts were among the most active. 

Technical Analysis: 

(SSE Composite Index, 1-day chart) 

Market Trends: 

• Shanghai Composite Index (SHCOMP) fell by 0.34%, closing at 3,143.62 points. 
• Shenzhen Component Index (SZCOMP) dropped by 0.68%, closing at 10,469.33 points. 
• ChiNext Index (CHINEXT) declined by 0.89%, closing at 2,092.48 points. 
• SSE STAR Market 50 Index (SSE50) dropped by 0.54%, closing at 925.63 points. 
  
  

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