In the early morning of the 24th Beijing time, US equities closed sharply lower on Friday. The S&P 500 has amply returned all gains this summer and is close to the lowest level of the year. Investors fear that the Federal Reserve’s further tightening of monetary policy to fight inflation could plunge the US economy into recession. The dollar continued to appreciate sharply against other currencies. Goldman Sachs cut the year-end target for the S&P index.
The Dow fell 486.27 points, or 1.62%, to 29,590.41 points; the Nasdaq fell 198.88 points, or 1.80%, to 10,867.93 points; the S&P 500 fell 64.75 points, or 1.72%, to 3,693.24 points.
Most popular Chinese stocks fell on Friday, Quhuo fell more than 10%, Onion Group fell more than 9%, AMTD Digital fell more than 7%, Tuniu, Lizhi, Tiger Securities and Wuxin Technology they fell by almost 7%. Zhiwen Group and Uxin fell more than 6%, Yixian E-commerce, Pinduoduo and Luokung Technology fell more than 5%, Zhifu Capital, Ninth City, Cheetah Mobile, Yingxi Group, Lanting Jishi, 51Talk fell more than 5%. 4%, Wei Lai, Dajian Yuncang, Kuke Music, Mavericks Electric, Douyu fell more than 3%, Vipshop, iQiyi, Shell, Waterdrop, Huanju Group, Alibaba, JD.com, 36 氪, Sohu, New Oxygen down by more than 2%, Tencent Music, Autohome, Zhihu, Bilibili and Xunlei fell by more than 1%.
Mogujie and Kaixin Auto increased by more than 12%, Huafu Education increased by more than 6%, Hongen and Jianzhi Education increased by more than 4%, Lili Auto increased by more than 3%, Manbang and Danai Technology increased by more than 2%, Ctrip, Kingsoft Cloud increased by more than 1%.
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