Source: China Fund News
The announcement of the hawkish meeting minutes dragged down the trend of US stocks, coupled with the impact of the news of the Uk and the United States to increase sanctions on Russia, the three major U.S. stock indexes were lower on Wednesday.
As of the close, the Dow Jones closed down 0.42 percent at 34,496.51 points; the Nasdaq down 2.22 percent at 13,888.82; and the S&P 500 down 0.97 percent at 4,481.15 points.
If the Fed's monetary policy accelerates, technology stocks will bear the brunt. On Wednesday, large U.S. technology stocks also generally fell, Apple fell 1.85%, the market value evaporated $52.8 billion, Tesla fell more than 4%, the market value evaporated $47 billion (about 300 billion yuan), the two companies the market value evaporated a total of $99.8 billion, about 635 billion yuan. In addition, Nvidia fell more than 5%, Microsoft, Amazon fell more than 3%, Google fell 2.88%, Meta fell 3.68%.
On Wednesday, popular Chinese stocks also fell generally, among the new energy vehicles, Weilai fell 3.49%, Xiaopeng Automobile fell 1.8%, and Ideal Automobile fell 1.01%. Among the e-commerce Chinese stocks, Alibaba and JD.com both fell by about 3%, and Pinduoduo fell by 3.31%.
The ruble bucked the trend by 4%
Late at night, there was also an "amazing scene" in the foreign exchange market. On Wednesday, local time, despite the bearish consequences such as the increased sanctions of the United Kingdom and the United States and the intensification of the risk of debt default, the ruble rose against the trend and recovered all the losses since the outbreak of the Russian-Ukrainian conflict.
According to CCTV, Hungarian Foreign Minister Siyaldo Peter said on April 6 that Hungary is studying ways to pay for the purchase of Russian gas, which is not a matter for the European Union.
Asked if Hungary would use rubles to pay for Russian gas, Hungarian Foreign Minister Sildardo replied: "We need to complete the first payment by the end of May." There are technical solutions that allow us to pay for the natural gas that has been used, and [we] are working on the technical details of this approach. ”
In addition, Russian President Vladimir Putin signed a presidential decree on March 31: International customers in "unfriendly" countries and regions must settle in rubles if they want to buy Russian gas. According to this order, customers must open ruble accounts in Russian banks, and the new regulations will take effect on April 1. Refusal to pay in this way will be deemed to be in breach of contract by the Russian side, and all consequences will be borne by the buyer.