GuShiio.com ① The central bank and other five departments: support the development and growth of private enterprises through the capital market;
②DeepSeek disclosed for the first time: theoretical cost-profit margin was 545%;
③ China Securities Regulatory Commission: Preliminary investigation of Dongfang Group suspected of major financial fraud;
④ Yushu Technology Wang Xingxing: There is a lot of false information circulating on the Internet. Please screen it carefully;
③ There have been many disputes during the US-Uzbekistan presidential meeting.
Financial Union reported on March 2 that important information affecting the market over the weekend included: the central bank and other five departments: supporting the development and growth of private enterprises through the capital market; the China Securities Regulatory Commission: initially identifying Dongfang Group as suspected of major financial fraud;DeepSeek disclosed for the first time: theoretical cost profit margin 545% ; Yushu Technology Wang Xingxing: There is a lot of false information circulating on the Internet, please check it carefully; there have been many disputes during the US-Uzbekistan presidential meeting.
Macro and Market Highlights
The press conference for the Third Session of the 14th National People’s Congress will be held at 12:00 on March 4
The Third Session of the 14th National People’s Congress will hold a press conference at 12:00 on March 4, 2025 (Tuesday) in the Press Conference Hall of the Great Hall of the People. The spokesperson of the conference will answer questions from Chinese and foreign journalists on issues related to the agenda of the conference and the work of the National People’s Congress.
The press conference of the Third Session of the 14th National Committee of the Chinese People’s Political Consultative Conference will be held on March 3
The press conference for the Third Session of the 14th National Committee of the Chinese People’s Political Consultative Conference is scheduled to be held on Monday, March 3 at 15:00 in the press conference hall on the first floor of the Great Hall of the People. Conference spokesperson Liu Jieyi will introduce the relevant situation of the conference to Chinese and foreign media and answer questions from reporters.
The central bank and other five departments: implement policies such as “Eight Science and Technology Innovation Board”,”Sixteen Articles Serving the Modern Industrial System” and “Six Articles Mergers and Acquisitions” to support the development and growth of private enterprises through the capital market
The People’s Bank of China, the All-China Federation of Industry and Commerce, the State Administration of Financial Supervision, the China Securities Regulatory Commission, and the State Administration of Foreign Exchange jointly held a symposium on financial support for the high-quality development of private enterprises on February 28. The meeting required that we should implement moderately loose monetary policy, give full play to the role of structural monetary policy tools, strengthen regulatory guidance, guide financial institutions to treat enterprises of all types of ownership “equally”, and increase credit to private, small and micro enterprises. Implement 25 financial measures to support the private economy, improve the credit enhancement system for private small and medium-sized enterprises, and accelerate the issuance of policy documents regulating Supply Chain Finance business. Strengthen the institutional construction and product innovation of the bond market, and continue to play the leading role of the “second arrow”. We will do a good job in implementing policies such as “Eight Principles for Science and Technology Innovation Board”,”Sixteen Principles for Serving the Modern Industrial System” and “Six Principles for Mergers and Acquisitions” to support the development and growth of private enterprises through the capital market. Financial institutions should strengthen the building of financial service capabilities, further unblock diversified financing channels such as stocks, bonds, and loans for private enterprises, increase investment in various financial resource elements, and make financial services for private enterprises practical, in-depth and refined.
Pan Gongsheng: Ensure that the financing costs of private enterprises remain low for a long time to come
The People’s Bank of China, the All-China Federation of Industry and Commerce and other departments jointly held a symposium on financial support for the high-quality development of private enterprises on February 28. At the meeting, Central Bank Governor Pan Gongsheng revealed that in the next step, the central bank will guide financial institutions to increase further investment in the private economy. Implement a moderately loose monetary policy and maintain ample market liquidity. As long as inflationary pressure in China is not large, it will ensure that the financing costs of private enterprises will remain low for a long time to come, creating a good macro monetary and financial environment for the development of private enterprises.
Shanghai Stock Exchange: The next step will be to promote more high-quality private technology-based enterprises to be listed on the Science and Technology Innovation Board
The People’s Bank of China, the All-China Federation of Industry and Commerce and other departments jointly held a symposium on financial support for the high-quality development of private enterprises on February 28. At the meeting, Yuan Duoran, deputy general manager of the Shanghai Stock Exchange, said that in the next step, the Shanghai Stock Exchange will focus on serving the development of new quality productivity and continue to expand equity financing channels for private enterprises. Including promoting the issuance and listing of more high-quality private technology-based enterprises on the Science and Technology Innovation Board. Appropriately improve the inclusiveness of valuations and promote the implementation of more representative cases for mergers and acquisitions of light asset-based targets and unprofitable targets by listed companies on the Science and Technology Innovation Board. Vigorously develop indexed investment, actively promote various medium-and long-term funds to enter the market, and optimize the financing environment for private enterprises.
National Bureau of Statistics: The manufacturing purchasing managers ‘index (PMI) in February was 50.2%, up 1.1 percentage points from the previous month
Data released by the National Bureau of Statistics on March 1 showed that in February, the manufacturing purchasing managers index (PMI) was 50.2%, an increase of 1.1 percentage points from the previous month, and the manufacturing boom level rebounded significantly. In terms of enterprise size, the PMI of large enterprises was 52.5%, an increase of 2.6 percentage points from the previous month and above the critical point; the PMI of small and medium enterprises was 49.2% and 46.3%, respectively, down 0.3 and 0.2 percentage points from the previous month, both below the critical point.
Central Bank: In February, it launched a 1.4 trillion yuan buyout reverse repurchase operation
The central bank issued an announcement that in order to maintain sufficient liquidity in the banking system, in February 2025, the People’s Bank of China launched a 1.4 trillion yuan buyout reverse repurchase operation through fixed quantity, interest rate bidding, and multiple price bids.
Southbound funds hit the second largest monthly net purchase in history in February
Southbound funds purchased nearly HK$152.8 billion in Hong Kong stocks in February, the largest monthly net purchase since January 2021, and the second largest monthly net purchase in history since the Shenzhen-Hong Kong Stock Connect was launched at the end of 2016. Since the beginning of this year, net purchases of Hong Kong stocks from the south have been approximately HK$278.4 billion, which is about one-third of the net inflow level for the whole of last year. The Hang Seng China Enterprises Index has risen by more than 14% since February, the largest monthly increase since the end of September last year, and has risen for the third consecutive month.
industry news
Ministry of Industry and Information Technology: Enterprises must not use combined driving assistance systems or functional naming and marketing promotions to imply that consumers can use the system as an autonomous driving system
The Ministry of Industry and Information Technology issued the “Intelligent Connected Automobile Product Access, Recall and Online Software Upgrade Management and Technical Guide”, which proposes to standardize marketing and publicity behaviors. When enterprises provide consumers with information on the driving automation level, system capabilities, system boundaries, etc. of intelligent networked vehicles, they should be truthful and comprehensive, and must not make false, exaggerated system capabilities or misleading publicity to ensure that consumers correctly understand and use intelligence. Connected automotive products. In naming and marketing of combined driving assistance systems or functions, companies must not use terms such as implying that consumers can use the system as an automatic driving system and have functions that they do not actually have to prevent drivers from abusing risks.
For driving assistance, when the system detects that the driver is disengaged from dynamic driving tasks, fails to respond to warnings, and fails to take necessary control measures, the system activates the risk mitigation function in a timely manner to allow the vehicle to stop safely; if the driver does not use the combined driving assistance function in a standardized manner, The system should have restriction policies such as prohibiting the activation of corresponding functions. For parking assistance, the system has the ability to detect other road users, obstacles in the operating area, and to safely stop or slow down speed to avoid collisions.
State Administration for Market Regulation: This year, we will launch a special anti-unfair competition law enforcement action on the Internet, focusing on cracking down on illegal activities such as false propaganda, traffic hijacking, and commercial slander in accordance with the law
According to the official website of the State Administration of Market Regulation, from February 27 to 28, a symposium on price supervision and inspection and anti-unfair competition was held in Shenzhen, Guangdong Province. The meeting emphasized that we must deeply grasp the new situation and new requirements faced by price supervision and competition, consciously unify our thoughts and actions into the decision-making and deployment of the Party Central Committee and the State Council, and pay more attention to strengthening supervision and law enforcement, promoting institutional innovation, and improving regulatory capabilities. This year, we must carry out a special anti-unfair competition law enforcement campaign on the Internet, focusing on cracking down on illegal activities such as false propaganda, traffic hijacking, and commercial slander in accordance with the law, deepen the management of online platform charges, and create a good online competition ecosystem. Carry out in-depth special actions to rectify arbitrary charges involving enterprises. Strengthen price supervision in key industries in accordance with the law and rectify “convoluted” vicious competition. Deepen innovative pilot projects for trade secret protection. Improve the incentive system for competition and trustworthiness in price supervision and punishment for breach of trust. Standardize enterprise-related inspections and optimize regulatory services to make new contributions to accelerating the construction of a unified national market and promoting high-quality economic development.
Office of the Central Rural Work Leading Group: The fundamental way out for agriculture lies in science and technology, and the key is seeds
The Office of the Central Rural Work Leading Group published an article entitled “Taking Further Deepening Rural Reform as a Driving Force to Solidly Promote Comprehensive Rural Revitalization” in “Qiushi”. The article mentioned that the fundamental solution for agriculture lies in science and technology, and the key is seeds. Aim to accelerate the breakthrough of key core technologies, promote the coordinated research of agricultural science and technology forces, thoroughly implement the seed industry revitalization action, and accelerate the capture of a number of breakthrough varieties. Agricultural machinery equipment is an important support for improving agricultural production efficiency. It is necessary to speed up the research and development and application of domestically produced advanced and applicable agricultural machinery equipment, promote the scrapping and renewal of old agricultural machinery, and make it practical, easy to use and durable.
Beijing: Accelerate the replacement of embodied intelligent robots for dangerous, repetitive and heavy job tasks
Beijing City Science and Technology Commission, Zhongguancun Science and Technology Park Management Committee and other departments issued the “Beijing Specific Intelligent Technology Innovation and Industry Cultivation Action Plan (2025-2027).” It proposes to accelerate the large-scale implementation of industrial and commercial scenarios. Promote central-local collaboration in scientific and technological innovation, encourage central-state-owned enterprises in the fields of automobile production, electronics manufacturing, industrial welding, coal mining, commercial retail, warehousing and distribution to take the lead in opening up a number of application scenarios, promote deep integration and joint research and development between scenario parties and technology parties, and accelerate The accumulation of industry data will further enhance the task understanding and autonomous execution capabilities of customized intelligent robots in complex production tasks and dangerous operations such as sorting and assembly, packaging quality inspection, welding and painting, and accelerate dangerous, repetitive, Replace the body with intelligent robots for heavy work.
Foreign banks have also dropped to the “triple” dollar deposits and “high interest rates” are disappearing
Following the intensive cuts in urban commercial banks, many foreign banks such as Standard Chartered Bank, DBS Bank, HSBC, and Evergrowing Bank have also begun to cut US dollar deposit rates one after another. The highest annual interest rate has dropped below 3.5%. The last “high interest rate” for US dollar deposits in the mainland is disappearing. Industry insiders interviewed believe that as the Federal Reserve’s interest rate cut cycle is expected to continue, the dual exchange rate and interest rate risks of US dollar deposits still exist. Investors are advised not to focus on short-term interest rates, but should comprehensively consider their own investment goals and be cautious in “getting on the train.”
The National Medical Insurance Administration issued the “Guidelines for the Establishment of Respiratory Medical Service Price Projects (Trial)”
According to the National Medical Insurance Administration, the National Medical Insurance Administration recently compiled and issued the “Guidelines for the Establishment of Respiratory Medical Service Price Projects (Trial)”, referring to the 2023 version of the medical service project technical specifications, mapping and integrating the current 207 respiratory system technical specification projects into 68 price items. In the next step, the National Medical Insurance Administration will guide the provincial medical insurance bureaus to refer to the project approval guidelines and formulate a unified price benchmark for the province. The coordinating areas with price management authority will compare the provincial price benchmark and determine the actual price level by floating up and down.
Ministry of Transport: We must continue to strengthen the supervision of the transportation of used power batteries and cooperate with the recycling of power batteries for new energy vehicles
The Ministry of Transport held a party group meeting and a ministerial affairs meeting on February 28. The meeting emphasized that we must conscientiously implement the spirit of the executive meeting of the State Council, do a good job in work related to transportation service trade and service consumption, expand the opening up of transportation services to the outside world, improve the internationally oriented service network, Promote the application of electronic waybills, and consolidate and enhance the results of interconnection cooperation. It is necessary to continue to strengthen the supervision of the transportation of used power batteries and cooperate with the recycling of power batteries for new energy vehicles. It is necessary to continue to handle this year’s recommendations and proposals with high quality, strengthen communication with representative members, and handle suggestions and proposals better, more realistically and effectively.
Ministry of Natural Resources: A total of 2200 cities and counties across the country have implemented the reform of “handing over land and handing over certificates immediately after handing over the house”
It was learned from the Ministry of Natural Resources that as of now, a total of 2200 cities and counties across the country have implemented the reform of “land transfer and certificate transfer immediately after handover”, benefiting 18 million people; nearly 2100 cities and counties have opened the “transfer with pledge” business, and a total of “transfer with pledge” has been handled. More than 400,000 cases of transfer with pledge “have been handled, involving a cumulative amount of more than 600 billion yuan from the seller’s mortgage (bridge funds); A total of 773 key areas have achieved the registration of natural resources, involving 25 provinces, covering natural reserves such as national parks, national key forest areas, water flows, wetlands, forests, uninhabited islands, mineral resources with proven reserves, etc. Natural ecological space and natural resources.
Tsinghua University will moderately expand its enrollment of undergraduate students in 2025, focusing on cultivating top innovative talents of “AI+”
A Xinhua Agency reporter learned from Tsinghua University that the school has decided to expand the scale of undergraduate enrollment in an orderly and appropriate manner. In 2025, it plans to increase the number of undergraduate enrollment by about 150. At the same time, it will establish a new undergraduate general education college to focus on cultivating artificial intelligence and multidisciplinary talents, and enhance the ability to independently cultivate innovative talents to serve the national strategic needs and social development needs. It is reported that new undergraduate students from the school will enter the newly established college to study.
company news
China Securities Regulatory Commission: Preliminary investigation of Dongfang Group’s suspected major financial fraud may involve major illegal and compulsory delisting
On June 20, 2024, the China Securities Regulatory Commission opened an investigation into Dongfang Group Co., Ltd.(referred to as Dongfang Group, 600811). It has been initially ascertained that the financial information disclosed by Dongfang Group from 2020 to 2023 is seriously false and is suspected of major financial fraud, which may involve major illegal forced delisting. The case is currently under investigation, and the CSRC will find out the illegal facts as soon as possible and deal with it seriously in accordance with the law. Financial fraud of listed companies seriously harms the interests of investors. The China Securities Regulatory Commission will investigate and deal with all types of fraud strictly and quickly, and strengthen three-dimensional accountability for administrative, civil and criminal matters. For listed companies that are involved in major illegal and compulsory delisting situations, the delisting system will be strictly implemented, such “black sheep” will be resolutely eliminated, and counterfeiters will pay a heavy price.
Guotai Junan: The equity registration date for the A-share swap of Haitong Securities is March 3
Guotai Junan announced that the equity registration date for the A-share share conversion of Haitong Securities to absorb and merge is March 3, 2025. The A-share shares of Haitong Securities held by Haitong Securities A-share shareholders registered after the close of trading on the equity registration date will be converted into Guotai Junan A-share shares in accordance with the ratio of 1:0.62, that is, every A-share of Haitong Securities can be exchanged for 0.62 Guotai Junan A-share shares.
DeepSeek disclosed for the first time: theoretical cost profit margin of 545%
DeepSeek published an article titled “Overview of DeepSeek-V3/R1 Inference System” on March 1, fully revealing the key secrets behind the V3/R1 Inference System. Most notably, the article disclosed key information such as DeepSeek’s theoretical costs and profit margins for the first time. According to reports, assuming that the GPU rental cost is US$2/hour, the total cost is US$87072/day; if all tokens are calculated according to DeepSeek R1 pricing, the theoretical total revenue for one day is US$562027/day, and the cost-profit margin is 545%.
Yushu Technology Wang Xingxing: There is a lot of false information circulating on the Internet, please check it carefully
Wang Xingxing, founder of Yushu Technology, entered the WeChat video account in his personal capacity. He said in the first video: There is currently a lot of false information about me circulating on the Internet, please check it carefully. He also said that he would share the upgrade and growth process and interesting moments of the robot in the future. Previously, Yushu Technology issued a reminder stating that all new shares or old shares of shareholders are directly communicated and managed by the person in charge of Yushu Financing through the company’s mailbox, and there are no intermediaries, intermediate shareholders or intermediate companies. “There are a lot of false news on the market now, almost all of which are false news. Please be careful to avoid being deceived.”
The first batch of millet SU7 Ultra will be delivered on the morning of March 2
Xiaomi Automobile announced that it will deliver the first batch of Xiaomi SU7 Ultras at the Xiaomi Automobile Factory on the morning of March 2.
Han Xinyi officially takes over as CEO of Ant Group
An update on Ant Group’s official website shows that Han Xinyi, former president of Ant Group, has officially taken over as CEO of Ant Group. In December last year, Jing Xiandong, Chairman and CEO of Ant Group, announced through a staff letter that Han Xinyi, President of Ant Group, will officially take over the position of CEO of Ant Group from March 1, 2025, and will be fully responsible for various businesses and daily management of Ant. Work, report to Jing Xiandong and the board of directors. In the future, Jing Xiandong will focus on his role as chairman and fully support Han Xinyi and the management team. According to public information, Han Xinyi joined Ant Group in May 2014 and has served as vice president of strategic investment, CFO, and executive director of the board of directors. In March 2024, he became president of Ant Group.
Zhongji Xuchuang: Net profit in 2024 will be 5.171 billion yuan, a year-on-year increase of 137.9%
Zhongji Xuchuang announced that total operating income reached 23.861 billion yuan, an increase of 122.63% over the same period last year; net profit attributable to shareholders of listed companies was 5.171 billion yuan, a year-on-year increase of 137.90%. The company said that the growth in performance was mainly due to the continued construction of computing infrastructure by end customers, the strong growth in capital expenditures, which led to a significant increase in sales of 800G and 400G high-end optical modules, and the continuous optimization of the product structure. Xiaocai Note: Q3 net profit was 1.394 billion yuan. Based on this calculation, Q4 net profit was 1.418 billion yuan, a month-on-month increase of 1.72%.
ZTE: Net profit in 2024 is 8.425 billion yuan, down 9.66% year-on-year
ZTE announced that the company achieved operating income of 121.299 billion yuan, a year-on-year decrease of 2.38%; net profit of 8.425 billion yuan, a year-on-year decrease of 9.66%. The company plans to distribute a cash dividend of 6.17 yuan for every 10 shares. Xiaocai Note: Q3 net profit was 2.174 billion yuan. Based on this calculation, Q4 net profit was 518 million yuan, a month-on-month decrease of 76.17%.
On the same day, ZTE announced that the board of directors reviewed and approved the proposal to use its own funds for entrusted financial management, with a total amount of funds not exceeding 30 billion yuan. This matter needs to be submitted to the shareholders ‘meeting for review. The company will choose wealth management products with high security, good liquidity, and medium and low risks.
China Nuclear Power: It plans to increase capital by 1 billion yuan and participate in fusion companies to deploy nuclear fusion energy field
China Nuclear Power announced that the company plans to participate in China Fusion Energy Co., Ltd. through capital increase, with an investment amount of 1 billion yuan. This matter has been reviewed by the company’s board of directors and still needs to be approved by the State-owned Assets Supervision and Administration Commission of the State Council and gone through the industrial and commercial change registration procedures. This transaction is expected to constitute a connected transaction, but does not constitute a material asset reorganization. The company’s participation in Fusion Company aims to respond to the country’s future industrial strategic development requirements, promote the development of the fusion industry, and lay the foundation for the future commercial application of fusion reactors. However, controllable nuclear fusion technology is still in the development stage, and the possibility of investing in fusion companies to achieve profits in the short term is low, and there is also a risk of commercial failure.
Huafeng: Generator sets are not core equipment directly related to computing power in the data center
Huafeng Co., Ltd. issued an announcement on abnormal fluctuations in stock trading. The company was concerned that the market paid high attention to the power supply sector of the data center. The company’s intelligent generator set products are used as backup power supply. In addition to communication base stations, oil fields, oil wells, banks, mines and other application scenarios, they can also be used in data centers as emergency power supplies. Generator sets are not core equipment directly related to computing power in the data center. Moreover, the scale and development speed of downstream markets such as computing power are uncertain, and their impact on the company’s business also has great uncertainties. In November 2019, September 2021 and January 2022, the company won the bidding project for diesel generator sets for the data center of China Unicom Langfang Base and Hohhot Base, with a total of 30 units, accounting for a small proportion of the company’s operating income. In 2023 and 2024, the company will actively explore the data center market. However, due to various factors such as market competitive environment and price, the company did not win the bid in this market and did not generate relevant income. In the future, the company will continue to develop the intelligent generator set business.
Genesis: Since 2022, the company has continued to supply Yushu Technology
Genesis stated on the interactive platform that since 2022, the company has continued to supply goods to Yushu Technology, and the two parties have established a good cooperative relationship, and it has also become an important long-term cooperative customer of the company in the field of humanoid robots; in the future, the company will pay close attention to the field of humanoid robots. Development trend, carry out relevant innovative technologies and product research and development based on market trends and customer needs, and is committed to providing competitive products and solutions to customers in target markets. In addition, investors are reminded that such customers currently account for a small proportion of the company’s overall revenue and will not have a significant impact on the company’s performance. The future also depends on the development of the industry and the company’s continued R & D investment, which is uncertain.
Tianyuan Pets: Plan to purchase a controlling stake in Taotong Technology and suspend trading
Tianyuan Pets announced that the company is planning to purchase a controlling stake in Guangzhou Taotong Technology Co., Ltd. and raise matching funds by issuing shares and paying cash. Since the valuation and pricing of the target company have not yet been finalized, it is expected to constitute a major asset reorganization. The company’s shares will be suspended from March 3, and the suspension period is expected to not exceed 10 trading days. The company expects to disclose this transaction plan within no more than 10 trading days.
Overseas news
There have been many disputes during the US-Uzbekistan presidential meeting
When U.S. President Trump met with Ukraine President Zelensky at the White House on the 28th, the two sides had many disputes. Zelensky demanded a security commitment from the United States, publicly challenged Trump’s moderate attitude towards Russian President Vladimir Putin, and refuted Trump’s claim that “cities in Ukraine have been razed to the ground by three years of war.” Trump and Vice President Vance called Zelensky “disrespectful of the United States” and “gambling with World War III” and said that “either Ukraine reaches an agreement or the United States withdraws.” Trump said that Ukraine has no right to dictate how the United States views the conflict, and Zelensky “should be more grateful.” Trump said Zelensky had no cards to play and a peace agreement should be reached with Russia. Subsequently, the joint press conference between the two sides was cancelled.
Britain and Ukraine sign a £ 2.26 billion loan agreement to strengthen Ukraine’s defense capabilities
Ukraine President Zelensky said on social media on March 1 local time that he held a meeting with British Prime Minister Stammer in London that day. Zelensky said that under the witness of leaders of both sides, Ukraine and the United Kingdom signed a loan agreement. The loan will be used to strengthen Ukraine’s defense capabilities and will be repaid with the proceeds of frozen Russian assets. Zelensky thanked Britain for its support since the outbreak of the Russia-Ukraine conflict, saying that Ukraine is lucky to have a strategic partner like Britain, and both sides share the same vision for the future. On the evening of the 1st local time, British Treasury Chief Secretary Darren Jones said on social media platforms that on the same day, British Chancellor of the Exchequer Rachel Reeves and Ukrainian Finance Minister Sergey Marchenko signed an agreement to Ukraine to provide a loan of 2.26 billion pounds to strengthen Ukraine’s defense capabilities.
Trump orders new round of tariff investigation on wood imports
U.S. President Trump ordered a new round of tariff investigations on wood imports on March 1 local time, which may impose more tariffs on imported wood. This round of investigations will be completed within 270 days. Trump signed a memorandum that day ordering Commerce Secretary Lutnik to conduct a national security investigation into U.S. timber imports under Section 232 of the Trade Expansion Act of 1962. Previously, Trump also imposed additional tariffs on steel and aluminum products based on this law. The objects of this survey include not only raw materials such as wooden boards, but also wood products such as furniture. At the same time, Trump also ordered new measures to be taken within 90 days to increase domestic timber supplies by streamlining public land logging permit reviews.
Israeli government’s decision to block humanitarian aid from entering Gaza Hamas: blatant violation of ceasefire
Israeli Prime Minister Benjamin Netanyahu and his government have decided to block humanitarian aid from entering the Gaza Strip after the first phase of the ceasefire agreement ends. The Israeli Prime Minister’s Office issued a statement on the 2nd saying that the Israel Defense Forces prevented humanitarian aid from entering the Gaza Strip that morning and closed the crossing point to the Gaza Strip. The statement said that with the end of the first phase of the ceasefire agreement in the Gaza Strip, in view of the Palestinian Islamic Resistance Movement (Hamas)’s refusal to accept the proposal of the US President’s Special Envoy for the Middle East Witkov to continue negotiations, Prime Minister Netanyahu decided to stop all supplies entering the Gaza Strip from the morning of the 2nd. The statement also stated that Israel would not allow a ceasefire without releasing the detainees. In response, the Palestinian Islamic Resistance Movement (Hamas) claimed that Israel’s move was a flagrant violation of the ceasefire agreement. Hamas said the international community must act to pressure Israel to stop punitive and unethical measures against more than 2 million people in the Gaza Strip.
The three major U.S. stock indexes collectively closed higher on Friday, large technology stocks generally rose
The three major U.S. stock indexes closed up collectively on Friday, with the Dow rising 1.39%, up 0.95% on the week; the Nasdaq rising 1.63%, down 3.47% on the week; and the S & P 500 index rising 1.58%, down 0.98% on the week. Large technology stocks generally rose, with Tesla and Nvidia rising nearly 4%, Apple rising nearly 2%, and Google, Meta and Amazon rising more than 1%. Semiconductor, cryptocurrency, and automobile manufacturing were among the top gainers, with Strategy rising more than 6%, Coinbase and General Motors rising more than 3%, Intel rising more than 2%, and Qualcomm and Micron Technology rising more than 1%. Solar energy and computer hardware sectors fell.
Most popular Chinese stocks fell, with the Nasdaq China Golden Dragon Index closing down 1.82%. Weibo fell nearly 5%, Ideal Automobile, NIO and Xiaopeng Automobile fell more than 3%, and Alibaba fell nearly 3%.
