Xiaomi Auto has issued multiple warnings to Zhiji Auto, which has made a public apology; Bitcoin falls below $71,000 each.
Commodity Market:
Crude oil ends its six-day winning streak, while gold sets a new intraday historical high for seven consecutive days.
Copper prices in London rebound to near two-year highs, and tin prices in London rise by nearly 3.7%, reaching a new high for the first time in 14 months.
On April 9, Bitcoin experienced a short-term decline, dropping by $500 and breaking below the $71,000 level, with a daily decrease of 1.01%.
China Market:
A-share market experienced fluctuations and adjustments throughout the day, with the Beizheng 50 Index falling by more than 4%.
Chinese concept stocks halted their three-day losing streak, with Li Auto's stock price rising by nearly 5% and Baidu's stock price falling by more than 3%.
The offshore yuan rose by more than 100 basis points during trading, nearing a breakthrough of the critical 7.24 level.
Technology Industry:
Xiaomi Automobile issues consecutive warnings to IM Motors, which issues a public apology.
Tesla's CEO announces the launch of the autonomous taxi service Robotaxi, causing the stock price to surge by 5%.
US Economy:
A Federal Reserve survey shows that short-term inflation expectations in the US have stabilized, but concerns about debt have resurfaced.
US Treasury yields reach their highest level this year, challenging market expectations for a Federal Reserve rate cut.
The US government announces a $11.6 billion investment in TSMC to support its chip manufacturing operations in the United States.
Global Financial Markets:
The CEO of JPMorgan Chase comments on the difficulties of falling inflation, warning that inflation could lead to an economic recession.
The People's Bank of China increases its gold reserves, and gold purchases by Asian central banks push up gold prices.
Other Markets:
Hong Kong stocks rally, with both the Hang Seng Index and the Hang Seng Tech Index rising by more than 1%.
The three major US stock indexes remain essentially flat, with Tesla up 4.9%.
Major European stock indexes are up, with the German DAX30 index rising by 0.79%.
Asian Markets:
Today, FTSE China A50 Index futures rose by 0.2% at the start of trading.
The Nikkei 225 Index opened up by 0.4%, as did the Tokyo Stock Price Index.
The South Korean KOSPI Index opened up by 0.6%.
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