Breakfast | US stocks rally "slams on the brakes", Chinese concept stocks index drops nearly 4%, Walmart plans to clear its stake in JD.com

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S&P Nasdaq stops eight-day winning streak, Chinese concept index drops nearly 4%

The Federal Reserve will release the FOMC meeting minutes early Wednesday morning Singapore time. Meanwhile, the market is closely watching the heavyweight revision of non-farm data this Wednesday. The number of non-farm employment in the United States over the past year is expected to be revised down by millions, causing concerns that the Fed's rate cut action may be significantly delayed.

U.S. stocks closed lower across the board, with Nasdaq and S&P ending their eight-day winning streak, while Dow bid farewell to its five-day winning streak.

Nvidia fell by 2.12% after a six-day winning streak, Tesla dropped by 0.73%, Meta fell by 0.48%, Google Class A rose by 0.31%, Microsoft rose by 0.78%, Amazon rose by 0.37%, and Apple rose by 0.27%.

Stocks related to monkeypox epidemic concept generally fell. GeoVax Labs (GOVX) fell by 20.56%, Emergent BioSolutions (EBS) fell by 20.33%, SIGA Technologies (SIGA) fell by 15.28%.

Chinese concept stocks collectively declined. Vipshop fell by 17.55%, ZEEKR dropped by 8.1%, Kingsoft Cloud fell by 6.7%, XPeng, Li Auto dropped by at least 5%, Pinduoduo fell by 4%, NetEase, Baidu, Bilibili, Tencent, Yum China fell by 2%.

U.S. stocks end previous multi-day winning streak and close lower, market focuses on central bank annual meeting

With almost no catalyst to drive the market before the Jackson Hole Global Central Bank Annual Meeting on Thursday, market participants are closely watching Federal Reserve Chairman Powell's speech on Friday to look for hints about the expected number and timing of rate cuts in the next two years. "The question is whether the rate cut will be 25 basis points or 50 basis points, which will be the focus of many interpretations."

TSMC's German factory breaks ground, Chairman Mark Liu talks about cost increase or hints at price hike

TSMC's first 12-inch factory in Europe held a groundbreaking ceremony in Dresden, Germany on August 20. Chairman Mark Liu stated that the company has made many efforts to protect the environment, leading to cost increases, and "will have more discussions with customers."

Media: Walmart plans to sell off JD.com shares

Sources said that Walmart is seeking to sell 144.5 million shares of JD.com, which could raise $3.74 billion at the highest asking price. Data shows that Walmart is JD.com's largest shareholder.

XPeng Chairman He Xiaopeng: Q3 delivery guidance is 41,000-45,000 vehicles

He Xiaopeng expects the total delivery volume in the third quarter to increase by 35.7%-49% compared to the previous quarter, with sales revenue expected to reach 9.1 billion to 9.8 billion yuan, an increase of 12.2%-20.8% compared to the previous quarter. He Xiaopeng stated that over the past two years, XPeng has firmly promoted strategic changes in organization and planning, enhancing XPeng's overall competitiveness and entering a period of rapid growth.

XPeng Chairman He Xiaopeng: Will enter more right-hand drive markets in the second half of this year

XPeng will launch the G6 left-hand drive and right-hand drive versions for delivery in August. The number of international market sales outlets is expected to double in the second half of this year

He Xiaopeng: P7+ will be launched in the fourth quarter, the first model of the new generation of autonomous driving hardware platform

XPeng Motors will launch the new generation sedan product P7+, with greater advantages in technological innovation and cost.

European Commission pre-discloses final ruling measures on anti-subsidy investigation of electric vehicles in China

It is proposed to impose anti-subsidy taxes ranging from 17% to a maximum of 36.3% for pure electric vehicles produced in China and the EU for a period of five years; a 9% anti-subsidy tax is proposed for Tesla electric vehicles produced in China.

Taobao integrates WeChat Pay, customer service responds: it has been open for some time

According to media reports, the Taobao Special Edition App (Taote) has added WeChat Pay as a payment method. Taote customer service responded that "it has been open for some time, but not everyone can use it at the moment, please refer to the page for details." When asked why Taobao still cannot use WeChat Pay, the customer service mentioned above said, "This is Taote, it is recommended to contact Taobao for inquiries."

OpenAI to allow companies to customize the most powerful artificial intelligence models

OpenAI has released a new feature, commonly known as fine-tuning, which allows existing artificial intelligence models to be trained on additional information specific to tasks or thematic areas. The company hopes to make it easier for customers to adjust their most powerful models by directly collaborating with enterprises, rather than using external services or weaker products.

"Black Myth: Wukong" breaks 2.2 million concurrent players on Steam, ranking second in historical peak

SteamDB data shows that "Black Myth: Wukong" has exceeded 2.2 million concurrent players, surpassing "Palu of the Beast" released in January this year. Currently, it ranks second in the historical peak of all games on Steam, with the first-ranked "PUBG: BATTLEGROUNDS" having a peak of 3.2572 million concurrent players