U.S. stocks close》The probability of interest rate hikes increases, Huida fell another 5.47%, U.S. stocks closed black, TSMC ADR rose 2.02%
TSMC ADR rose 2.02%, Huida fell 5.47%, and the market value evaporated by more than 400 billion US dollars.
Quick Look
- CPI increased by 0.4% in October, which was higher than expected.
- Fed Governor Waller suggested that December may support an expansion of interest rate hikes to two cents, pushing up U.S. bond yields; Huida fell 5.47% due to CEO Huang Jensen's extramarital affair and espionage rumors being investigated, and the market value evaporated by more than 400 billion US dollars, dragging down the Dow Jones, Nasdaq and S&P 500; TSMC ADR rose 2.02%.
AI-generated summary
Why It Matters
The U.S. consumer price index increased by 0.4% in October, higher than market expectations, indicating that inflation has cooled less than expected. Waller, a member of the Federal Reserve Board of Governors, said that if the inflation data does not improve, it may support an increase in interest rates to two cents at the December policy meeting. Faida CEO Jen-Hsun Huang admitted that he had an affair with a suspected Chinese female spy, and the board of directors launched an independent investigation.
U.S. inflation cooled less than expected in October, and Federal Reserve (Fed) Governor Waller signaled that interest rates may be raised by two percentage points in December. Huida fell 5.47%, dragging down technology stocks, and U.S. stocks closed lower on Tuesday (10th). (Bloomberg)
[Real-time News/Comprehensive Report] U.S. inflation cooled less than expected in October, and Federal Reserve (Fed) Governor Waller signaled that interest rates may be raised by two percentage points in December. Huida fell 5.47%, dragging down technology stocks, and U.S. stocks closed lower on Tuesday (10th). As for Taiwan stock ADRs, they rose more than they fell. TSMC ADR rose 2.02%.
The U.S. Bureau of Labor Statistics (BLS) announced on the 10th that the consumer price index (CPI) increased by 0.4% in October, which was higher than expected. Christopher Waller, a member of the Federal Reserve Board of Governors, threatened that if the inflation data did not improve, he would consider supporting an expansion of interest rate hikes to two cents at the December policy meeting, pushing up U.S. bond yields.
After Huida CEO Huang Renxun recently admitted that he had an affair with a suspected Chinese female spy and the board of directors launched an independent investigation into him, Huida fell 5.47% to close at US$168.89 per share. It fell approximately 9.51% in two consecutive trading days and once fell below US$4 trillion during the session. Since Huang Renxun admitted the news of his extramarital affair last weekend, Huida's market value has evaporated by more than 400 billion U.S. dollars (approximately NT$13.2 trillion), falling from second to third in global market value, behind Apple and Microsoft.
In addition, artificial intelligence (AI) startup Anthropic is promoting an IPO with a valuation of US$1 trillion, and plans to sell a total of 825 million shares with some existing investors at an estimated issue price of US$70 to US$78. If calculated based on the upper limit, the overall offering amount will be approximately US$64.4 billion.
The Dow Jones Industrial Average fell 157.86 points, or 0.30%, to 52,231.89 points.
The Nasdaq fell 187.26 points, or 0.74%, to 25,065.87 points.
The S&P 500 index fell 29.01 points, or 0.38%, to 7,520.93 points.
The Philadelphia Semiconductor Index fell 35.60 points, or 0.36%, to 9,998.33 points.
What to Watch
AI outlook — possibilities, not facts
The Fed's December policy meeting may discuss increasing interest rates to two cents
Possible · Within weeks
Huida's share price will continue to be under pressure during the independent investigation
Likely · Within days
Open Questions
- When will the specific progress and results of the independent investigation by Huida's board of directors be announced?
- Will the Federal Reserve finally adopt a two-digit rate hike at its December policy meeting?
- What is Anthropic’s final IPO pricing and sale schedule?
