On May 28, the Nasdaq China Golden Dragon Index fell over 1%. Haidilao International fell by 5.45%, Li Auto dropped by 3.30%, Lexin fell by 4.08%, Kingsoft Cloud decreased by 4.04%, and Xinyi Technology declined by 2.91%.
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Nasdaq China Golden Dragon Index Falls Over 1%
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U.S. and Iran Negotiators Reach Agreement on 60-Day Memorandum of Understanding
According to AXIOS: Two U.S. officials stated that negotiators from the United States and Iran have reached an agreement on a 60-day memorandum of understanding to extend the ceasefire and initiate talks regarding Iran's nuclear program, but President Trump has not yet given final approval. -
Foreign Investment in A-Share Market Exceeds 4 Trillion Yuan
On May 28, according to CCTV Finance, the 2026 Global Investors Conference was held today at the Shenzhen Stock Exchange in Guangdong, Shenzhen. Executives from stock exchanges in multiple countries, including Singapore, Thailand, Malaysia, Luxembourg, and the UAE, gathered in Shenzhen to witness new progress in the high-level opening of China's capital market. Liu Haoling, Vice Chairman of the China Securities Regulatory Commission, pointed out that the comprehensive reform in the investment and financing sector of China's capital market is advancing steadily, with results continuously emerging. Currently, the overall market valuation is within a reasonable range, and the willingness of foreign investors to allocate to high-quality Chinese assets is steadily increasing. Since the beginning of this year, foreign capital has been steadily flowing into the A-share market through multiple channels. At this stage, the market capitalization of A-shares held by foreign investors has exceeded 4 trillion yuan, making foreign capital a crucial participant in China's capital market. -
Bitcoin Falls Out of the Top Ten Global Assets
According to market news: Bitcoin's market value has fallen out of the top ten global assets. -
Fed's Williams: Monetary Policy is in a Desired State, Well Positioned
On May 28, Federal Reserve's Williams stated that monetary policy is in a desired state and is well positioned. -
U.S. Stock Market Opens with Mixed Performance
The U.S. stock market opened with mixed results among the three major indices. The Dow Jones Industrial Average fell by 0.06%, the S&P 500 dropped by 0.47%, while the Nasdaq rose by 0.04%. HP Inc. (HPQ.N) saw an increase of over 3% after exceeding expectations in its second-quarter earnings. Meanwhile, Li Auto (LI.O) declined by more than 4%, reporting an 11% year-on-year decrease in Q1 revenue. -
CNN Sues Perplexity Over AI Copyright Infringement
On May 28, American media outlet CNN filed a lawsuit against Perplexity, accusing the AI company of illegally copying and distributing CNN's content. This lawsuit, initiated on Thursday, adds to a series of legal actions taken by publishers such as The New York Times against generative AI startups. However, this marks CNN's first lawsuit regarding AI copyright issues and is believed to be the first such action taken by a television network. -
AAVE Falls Below $80
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BTC Falls Below $73,000
Market data shows that BTC has fallen below $73,000, currently priced at $72,988, with a 24-hour decline of 3.09%. The market is experiencing significant volatility, so please ensure proper risk management. -
Fed's Williams: Inflation Shock May Peak in Coming Months
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Benson: Iran's Economy and Currency in Free Fall
On May 28, U.S. Treasury Secretary Benson stated that the U.S. Treasury continues to carry out economic strikes against the Iranian regime. The Iranian military is not being paid, police are not on duty, and Hark Island has been closed. Iran's economy and currency are in free fall. Sanctions have been imposed on the Iranian Strait of Hormuz Authority.
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