The three major indexes of the US stock market collectively closed slightly lower, and popular technology stocks saw mixed gains and losses
On March 21, 2025, the three major US stock indices collectively closed slightly lower, with the Dow Jones Industrial Average, Nasdaq, and S&P 500 falling by 0.03%, 0.33%, and 0.22%, respectively. The performance of popular technology stocks varies, with Broadcom falling more than 2%, while Apple, Amazon, Google, and Microsoft all fell less than 1%. Tesla, Nvidia, and Meta all saw slight increases, with gains of less than 1% each. The overall market shows slight fluctuations, and the performance of technology stocks is differentiated.
After Li Jiachao made a statement on Li Ka shing's sale of ports, the stock price of Changhe plummeted, and the Panama port transaction caused another wave
After Li Jiachao made a statement on Changhe's sale of the Panama port, Changhe's stock price experienced significant fluctuations. Changhe plans to sell assets such as ports at both ends of the Panama Canal, which has been accused of involving political intervention by the United States and has sparked widespread social attention. Li Jiachao emphasized his opposition to the use of coercive measures in international economic and trade relations, and pointed out that any transaction must comply with laws and rules. The market expressed concerns about potential risks and geopolitical factors in trading, leading to stock prices rising first and then falling after the news was announced. This incident not only affects the stock price of Changhe, but may also have an impact on the overseas development interests of Chinese companies.
Latest! The ranking of global financial centers has been released, with Hong Kong, Shanghai, and Shenzhen making it into the top ten, while Hangzhou's ranking has soared
The latest Global Financial Center Index ranking shows that Hong Kong, Shanghai, and Shenzhen in China rank in the top ten, with Hangzhou experiencing the largest increase in ranking among Asian cities. New York, London, Hong Kong, Singapore, San Francisco, Chicago, Los Angeles, Shanghai, Shenzhen, and Seoul are among the top ten financial centers in the world. Hong Kong maintains its position as the third largest in the world, with a widening score gap of 10 points compared to Singapore. Financial centers in mainland China have performed well, with Hangzhou rising 9 places to become the largest rising financial center in Asia. China and the United States have outstanding advantages in financial technology, with Shenzhen and Hong Kong ranking third and fourth respectively.
Raise interest rates by 100 basis points! Just now, the central bank of this country announced!
On March 20, 2025, multiple central banks around the world issued interest rate resolutions. The Bank of England maintains interest rates at 4.5%, believing that tight monetary policy has effectively suppressed inflation, but inflationary pressures still exist. The Swiss National Bank has cut interest rates to 0.25% in response to low inflation and global economic uncertainty. The Brazilian central bank has significantly increased interest rates by 100 basis points to 14.25%, marking its fifth consecutive rate hike, in response to ongoing inflationary pressures. Central banks of various countries have stated that they will closely monitor the economic situation and adjust monetary policies when necessary.
Dissatisfied with the Fed's' no action 'policy, Trump urges interest rate cuts
US President Trump expressed dissatisfaction with the Federal Reserve's decision to keep the federal funds rate unchanged and urged a rate cut to address the negative impact of tariff policies on the US economy. Federal Reserve Chairman Powell pointed out that the rise in inflation is partly related to tariff policies, and the uncertainty of the economic outlook has increased. Trump's frequent criticism of the Federal Reserve is seen as a challenge to its independence. Analysis suggests that there is a conflict between Trump's policies and the Federal Reserve, which is currently under pressure.
The "three highs" characteristics of high amount, high proportion, and high frequency of cash dividends for A-share companies in 2024 are significant
The dividend plan for the annual report of A-share listed companies in 2024 shows that cash dividends exhibit the characteristics of "three highs": high amount, high proportion, and high frequency. As of March 20th, 202 companies have disclosed their annual reports, of which 168 plan to distribute cash dividends, accounting for over 80%, with a total dividend amount of 174.718 billion yuan, significantly higher than the level in 2023. This trend reflects the positive attitude of listed companies towards profit growth and shareholder returns, enhancing market confidence.
Nike's Q3 revenue of $11.27 billion exceeded market expectations
Nike's Q3 2025 financial report shows that its revenue reached $11.27 billion, exceeding market expectations of $11.03 billion. Despite a decrease in earnings per share (EPS) from $0.77 in the same period last year to $0.54, Nike's brand revenue of $10.89 billion still exceeded expectations of $10.6 billion. The Greater China region's EBIT was $421 million, lower than the expected $559.4 million. The gross profit margin was 41.5%, slightly lower than the expected 41.9%. The inventory is $7.5 billion, close to the expected $7.48 billion. Overall, Nike's financial performance this quarter was better than market expectations.
The Nasdaq China Golden Dragon Index fell 3.84%, marking the largest daily decline since February 25th
On March 21, 2025, the Nasdaq China Golden Dragon Index fell sharply by 3.84%, marking the largest daily decline since February 25. In this decline, popular Chinese concept stocks generally performed poorly, with Kingsoft Cloud falling more than 10%, NIO, ZTO Express, Xiaopeng Motors and others falling more than 7%, and Alibaba, JD.com, Baidu and others also falling more than 4%. Despite the overall market performance being weak, Pinduoduo rose about 4% against the trend. This market trend reflects investors' concerns about Chinese concept stocks, while also showing differences in market confidence in specific companies.
WTI crude oil in the United States rose 1.6% on Thursday, marking the first time the US has imposed sanctions on overseas "teapot" refineries
The US WTI crude oil price rose 1.6% on Thursday, closing at $68.26 per barrel, mainly affected by the new sanctions imposed by the US on entities related to Iran and tensions in the Middle East. The first sanctions imposed by the United States include overseas independent refineries and their crude oil supply vessels, with Iran's daily production exceeding 3 million barrels. OPEC+has released a new production reduction plan, requiring seven member countries to further reduce production until June 2026. In addition, US crude oil inventories increased by 1.7 million barrels, exceeding expectations. Analysts believe that these factors have collectively driven up oil prices.
The supplier's "blocking the door" scandal has been resolved! Under the premise of "debt reduction", Nezha Automobile will receive 3 billion yuan in funds in April, denying the shutdown of the three major factories! The sales business is still proceeding normally
After experiencing a supplier blockage scandal recently, Nezha Automobile held a supplier meeting to discuss a "debt to equity" plan. The plan is to convert 70% of the supplier's debt into equity and repay the remaining 30% in installments. The company expects to receive 3 billion yuan of E-round financing funds in April, provided that the debt problem is resolved. Nezha Automobile denies that its three major factories have been shut down, and its sales business is still proceeding normally. At the same time, it is reducing costs and increasing efficiency through employee optimization and marketing channel adjustments. The company emphasizes that the R&D team has not been disbanded, and although the intelligent driving department has been optimized, it has not been completely disbanded. In the future, it will strengthen cooperation with external partners such as Huawei.
Nezha Automotive Executive: If Nezha goes bankrupt, our salaries will also be owed
Nezha Automobile is facing a serious crisis due to debt issues. Suppliers are collectively collecting debts, and executives have stated that if the company goes bankrupt, employee salaries will also be withheld. To solve the debt problem, Nezha Automobile proposed a plan of converting 70% of the debt into equity of the parent company and repaying 30% with interest free installment cash. However, the supplier has reservations about this plan, believing that it is tying creditors to the tank. Nezha Automobile has a total debt of nearly 10 billion yuan, and investors are willing to invest only after reducing their debt. The financing originally scheduled for March has been postponed to April due to risks, with a lead investment of 3 billion yuan corresponding to half of the parent company's equity. Nezha Automobile denies disbanding its R&D team, stating that it is currently optimizing its organization and processes, and that the salaries of R&D department employees have been reduced by 50%. The company hopes to overcome difficulties together with suppliers and resume business operations.
Multiple Tesla cars set on fire! Musk: Some people want me to die! Wealth has shrunk by over 100 billion US dollars, with bears making a crazy profit of 117 billion yuan
Summary: Tesla has recently suffered multiple setbacks, including a significant drop in stock price, a market value evaporation of over $700 billion, and multiple arson and shooting incidents targeting its cars. Hedge funds earned over $16 billion by shorting Tesla stocks. Musk's wealth has shrunk by over $100 billion and he has publicly stated that he may become a target for some due to his involvement in government affairs and efforts to combat corruption. In addition, Tesla's sales in Europe have declined, and the trade war initiated by the US government may also increase its costs. The US Department of Justice has charged the attackers and classified these actions as terrorism.
US leading economic indicators further decline in February, dragged down by consumer pessimism
The leading economic indicator (LEI) in the United States fell by 0.3% in February, marking the second consecutive month of decline, mainly due to consumer pessimism. The World Federation of Large Enterprises pointed out that consumers' concerns about the future economic situation have intensified, becoming the main factor contributing to the decline in the index. Although the decline in new manufacturing orders has also had a negative impact on the index, the six-month and annual growth rates have improved since the end of 2023, indicating that economic headwinds may have eased. However, policy uncertainty and declining consumer confidence are expected to slow down real GDP growth in the United States to around 2% by 2025.
The Bank of England maintains interest rates unchanged, warning of increasing global trade uncertainty
The Bank of England decided at its meeting on March 20, 2025 to keep interest rates unchanged at 4.5%, mainly due to increased uncertainty in global trade policies and the impact of US tariff measures. The Monetary Policy Committee passed this resolution with an 8-1 vote, with only one member supporting a rate cut. Bank of England Governor Bailey pointed out that despite economic uncertainty, interest rates are expected to gradually decrease. At the same time, the central bank has raised its forecast for GDP growth in the first quarter to 0.25% and expects the inflation rate to approach twice the 2% target. Investors are paying attention to the upcoming spring statement, which is expected to propose a plan to cut spending. Analysts believe that the Bank of England faces a dual challenge of controlling inflation and supporting economic growth.
European Central Bank President Lagarde warns of escalating economic risks from trade disputes between Europe and the United States
European Central Bank President Lagarde warns that the trade dispute between Europe and the United States could seriously impact the eurozone economy and push up inflation. If the United States imposes a 25% tariff on European goods, the eurozone economy may decline by 0.3 percentage points in the first year, and EU countermeasures may widen the loss to 0.5 percentage points. The impact of trade barriers is mainly concentrated in the first year, but long-term economic output may continue to suffer. In addition, trade disputes may make the inflation outlook in the eurozone even more uncertain, with inflation rates potentially rising by 0.5 percentage points in the short term. Analysts believe that the deterioration of trade relations between Europe and the United States not only affects the economies of both sides, but may also impact the global trading system.
Hong Kong, maintaining its third place in the world!
In the 37th Global Financial Center Index report released by the British think tank Z/Yen Group and the China (Shenzhen) Institute of Comprehensive Development, Hong Kong maintained its third place in the world with an overall rating of 760 points. Hong Kong ranks first globally in investment management, insurance, financing, and other fields, with the banking industry ranking third. The ranking of financial technology level has risen to fourth in the world. The Hong Kong SAR government stated that it will continue to leverage the advantages of "one country, two systems", integrate into the overall development of the country, and promote high-quality development of the international financial market.
