On May 5, according to data from Bitget, US crypto stocks experienced a widespread surge, with Circle (CRCL) jumping nearly 20% in one day, possibly influenced by the finalization of stablecoin yield rules under the CLARITY Act. Among the notable movements: Coinbase (COIN) rose 6.14%, Circle (CRCL) surged 19.83%, Strategy (MSTR) increased by 3.76%, Bitmine (BMNR) gained 4.17%, SharpLink Gaming (SBET) went up 3.84%, Bit Digital (BTBT) climbed 7.01%, while American Bitcoin (ABTC) fell 3.36% and Kindly MD (NAKA) dropped 3.73%. Solana Co (HSDT) saw a rise of 1.89%.
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US Crypto Stocks Surge, Circle (CRCL) Rises Nearly 20% in One Day
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NVIDIA's Fiscal Year 2028 Revenue Outlook Exceeds Market Expectations, Pre-Market Up Nearly 6%
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NVIDIA's 2028 Fiscal Year Revenue Outlook Exceeds Market Expectations, Pre-Market Up Nearly 6%
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Nvidia's 2028 Fiscal Year Revenue Outlook Exceeds Market Expectations, Pre-Market Up Nearly 6%
On August 27, Nvidia's stock rose nearly 6% in pre-market trading. The company reported Q2 revenue of $96.2 billion for fiscal year 2027, a 106% year-over-year increase; adjusted earnings per share were $2.22, up 120% from the previous year. Nvidia's CFO stated during the earnings call that revenue for fiscal year 2028 is expected to grow by approximately 70%, significantly surpassing the market estimate of 45%. Nvidia's CEO Jensen Huang noted that this is the first time the company has provided performance guidance a year in advance. -
China and the U.S. Maintain Communication on Presidential Interaction This Year
On August 27, today, Foreign Ministry spokesperson Lin Jian hosted a regular press conference. A reporter asked about the high-level interactions between China and the U.S. In response, Lin Jian stated that both sides are maintaining communication regarding the arrangements for presidential interaction this year. (CCTV News) -
China and the U.S. Maintain Communication on Presidential Interaction This Year
On August 27, today, Foreign Ministry spokesperson Lin Jian hosted a regular press conference. A reporter asked about the high-level interactions between China and the U.S. In response, Lin Jian stated that both sides are maintaining communication regarding the arrangements for presidential interaction this year. (CCTV News) -
Ministry of Commerce Responds to U.S. Consideration of Additional 7.5% Tariff on China
On August 27, the Ministry of Commerce held a regular press conference. Spokesperson Huang Ling responded to questions regarding the U.S. government's consideration of imposing an additional 7.5% tariff on goods imported from China. She stated that the U.S. initiated a Section 301 investigation against 16 economies, including China, citing 'overcapacity' as a reason. This politicization of economic and trade issues is a typical act of unilateralism and protectionism, which China firmly opposes. We will continue to closely monitor and comprehensively assess the subsequent actions of the U.S. and reserve the right to take all necessary measures. (Xinhua News Agency) -
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Korean Stocks Rise 1.53%
On August 27, the Korea Composite Stock Price Index closed up 104.16 points, an increase of 1.53%, ending at 6912.37 points. Among individual stocks, Samsung Electronics rose by 1.72%, and SK Hynix increased by 2.49%. -
Analyst: Market May Slightly Raise Fed Rate Hike Expectations Ahead of September Meeting
On August 27, Reto Cueni, Chief Economist at Stifel Group, stated in a report that the market may slightly increase expectations for a Federal Reserve rate hike at the September meeting. However, he noted that the majority of the market still likely expects the Fed not to raise rates, and Stifel Group itself currently does not anticipate a rate hike. Cueni said, "At present, we continue to maintain the view that the Fed will not raise rates further in the second half of this year." According to LSEG data, the money market currently assigns a 65% probability that the Fed will keep rates unchanged at the September meeting. -
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