US stocks mixed; memory chip stocks fall, Meta rises 4.5% on AI device launch
US stock indexes closed mixed on September 24, with the Dow down 0.31%, the S&P 500 flat, and the Nasdaq up 0.01%. Memory chip stocks led declines, with ARM dropping nearly 8% and Western Digital falling nearly 5%. Meta surged 4.5% to a one-year high after launching a handheld AI device called Muse Charm. Intel gained nearly 4% on a reported collaboration with Alibaba Cloud. International oil prices rose sharply, with Brent crude up 3.41% to $106.60 per barrel.
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Hang Seng Tech Index Falls 2%, Alibaba and Xiaomi Drop Over 3% in Hong Kong
Hong Kong's Hang Seng Tech Index extended losses to 2% in early trading, with major tech stocks declining. Alibaba and Xiaomi fell over 3%, while Meituan, Baidu, and JD.com dropped more than 2%. The broader Hang Seng Index opened 0.96% lower. In Japan, the Nikkei 225 rose 1% to 66,180.03 points, driven by gains in chip stocks such as Tokyo Electron (up over 3.5%) and banking stocks like Mizuho Financial Group (up over 3%). SoftBank Group fell over 3%. Overnight in the US, the Dow Jones fell 0.31% and the S&P 500 dipped 0.02%, while the Nasdaq edged up 0.01%. Meta surged 4.5% after launching an AI device called Muse Charm. Intel rose nearly 4% on a cloud partnership with Alibaba Cloud. Chinese ADRs weakened, with the Nasdaq Golden Dragon China Index down 0.67%. International oil prices rose, with Brent crude closing at $106.60 per barrel, up 3.41%.
Read sourceHang Seng Tech Index Falls 2%; Alibaba, Xiaomi Drop Over 3% in Hong Kong Morning Trade
Hong Kong's Hang Seng Tech Index extended losses to 2% in early trading on Friday, with major tech stocks declining. Alibaba and Xiaomi fell over 3%, while Meituan, Baidu, and JD.com dropped more than 2%. The broader Hang Seng Index opened 0.96% lower. In Japan, the Nikkei 225 rose 1% to 66,180.03 points, led by gains in chip stocks such as Tokyo Electron (up over 3.5%) and banking stocks like Mizuho Financial (up over 3%). Overnight in the U.S., the three major indexes were mixed: the Dow fell 0.31%, the S&P 500 dipped 0.02%, and the Nasdaq edged up 0.01%. Among tech giants, Meta surged 4.5% after unveiling a handheld AI device called Muse Charm, while Intel jumped nearly 4% on a collaboration with Alibaba Cloud on lightweight cloud browsers for AI agents. Chinese ADRs weakened, with the Nasdaq Golden Dragon China Index down 0.67%. International oil prices rose sharply, with WTI crude up 2.66% to $94.61/barrel and Brent crude up 3.41% to $106.60/barrel. Gold and silver edged lower in early Asian trading.
US memory chip stocks fall, Intel surges nearly 4%, Chinese stocks weaken
On Thursday (24th) Eastern Time, the three major US stock indexes showed mixed performance, with the Dow falling 0.31%, the S&P 500 down 0.02%, and the Nasdaq up 0.01%. Among the 'Magnificent Seven' tech giants, Meta surged 4.5% to a high not seen since September last year, after the company launched a handheld AI device called Muse Charm. Google rose 1.2%, while Apple, Nvidia, and Microsoft edged slightly lower. Memory chip stocks led the declines, with ARM falling nearly 8%, Western Digital down nearly 5%, SanDisk dropping over 3%, and Seagate Technology and SK Hynix falling over 1%. Intel bucked the trend, surging nearly 4% to a closing high since July, following a Caixin report that the company is collaborating with Alibaba Cloud on a lightweight cloud browser for massive-scale agents. Chinese stocks listed in the US weakened, with the Nasdaq China Golden Dragon Index falling 0.67%. Hainchuang Securities plunged 13.87%, Yatsen Holding and Smart Future dropped over 10%, New Oxygen fell nearly 5%, Zai Lab fell over 4%, Baidu fell nearly 2%, and Pinduoduo and JD.com fell over 1%. On the upside, Zhihu rose over 7% and Gaotu Group gained over 5%. The article includes a disclaimer that the content is for reference only and does not constitute investment advice.
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US Stock Chip Stocks Fall, ARM Down 8%; Meta Hits Year High; Chinese Stocks Weaken
On Thursday, US stock indices were mixed, with the Dow down 0.31%, the S&P 500 flat, and the Nasdaq slightly up. Among the 'Magnificent Seven,' Meta surged 4.5% to a September high after unveiling a handheld AI device, MuseCharm. Google rose 1.2%, while Apple, Nvidia, and Microsoft edged lower. Memory chip stocks led declines, with ARM falling nearly 8%, Western Digital down 5%, and SanDisk over 3%. Intel bucked the trend, rising nearly 4% to a July high, attributed by Caixin to a cooperation with Alibaba Cloud on a lightweight cloud browser for massive AI agents. Oracle fell 3.47%, while cloud service Nebius jumped 7.44% and Moderna rose 7%. Chinese stocks weakened, with the Nasdaq China Golden Dragon Index down 0.67%, as Haichuan Securities plunged 13.87%, Yatsen and Zhineng Future fell over 10%, and Baidu, Pinduoduo, and JD.com dropped over 1%. Zhihu rose over 7% and Gaotu Group over 5%. International oil prices rose, with WTI crude up 2.66% to $94.61/barrel and Brent up 3.41% to $106.60/barrel. Gold and silver edged lower.
Read sourceUS stock memory chip shares fall, ARM drops nearly 8%, Meta hits one-year high, Chinese stocks weaken
On Thursday, US stock indices showed mixed performance with the Dow down 0.31%, S&P 500 flat, and Nasdaq slightly up. Memory chip stocks led declines, with ARM falling nearly 8%, Western Digital down nearly 5%, and SanDisk dropping over 3%. Meta surged 4.5% to a one-year high after launching a handheld AI device called MuseCharm. A Chinese company rose nearly 4% to a July high following a cooperation announcement with Alibaba Cloud on lightweight cloud browsers for AI agents. Chinese stocks listed in the US weakened, with the Nasdaq China Golden Dragon Index down 0.67%, and several companies including DouYu falling 13.87%. International oil prices rose significantly, with WTI crude up 2.66% to $94.61 per barrel and Brent crude up 3.41% to $106.60. Gold and silver edged lower in early trading.
Read sourceUS stocks mixed, memory chip stocks fall, Meta rises on AI device launch
US stock indices closed mixed on September 25, with the Dow Jones Industrial Average falling 0.31%, the S&P 500 down 0.02%, and the Nasdaq up 0.01%. Memory chip stocks led declines, with ARM dropping nearly 8%, Western Digital falling nearly 5%, SanDisk down over 3%, and Seagate Technology and SK Hynix losing over 1%. In contrast, Meta rose over 4%, reaching its highest level since September last year, following the launch of its handheld AI device, Muse Charm. The cloud computing services sector also gained, with Nebius up over 7% and CoreWeave rising over 3%.
US Stock Market Mixed; Storage Chip Stocks Fall, Western Digital Down Nearly 5%
On September 24, US stock indices closed mixed, with the Dow down 0.31%, the S&P 500 flat, and the Nasdaq slightly up. Technology stocks showed divergence: Meta rose 4.5% to a new high since September last year, while storage chip stocks broadly declined, with Western Digital falling nearly 5% and SanDisk dropping over 3%. Other notable movers included gains for Google and losses for Intel, AMD, and TSMC. European indices all fell, with the UK FTSE 100 down 0.24%, France CAC 40 down 0.52%, and Germany DAX down 0.57%. International oil prices rose sharply, with NYMEX crude for November delivery up 3.41% to $106.60 per barrel. Most Chinese ADRs declined, including Nio, Pinduoduo, and Baidu. The report is attributed to Dahe Finance Cube and published via East Money.
Read sourceUS stocks mixed on Sept 24; memory chip stocks lead declines, Meta rises over 4%
On September 24, US stock markets ended mixed. The Dow Jones Industrial Average fell 0.31%, the S&P 500 dipped 0.02%, and the Nasdaq Composite edged up 0.01%. Memory chip stocks led the declines, with ARM dropping nearly 8%, Western Digital falling nearly 5%, and SanDisk losing over 3%. In contrast, Meta Platforms rose over 4%, and Intel gained nearly 4%, closing at its highest level since July. The report is attributed to People's Financial News on September 25.
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