On Monday, the market awaited the release of key U.S. CPI inflation data to determine the point at which the Federal Reserve will cut interest rates. All three major U.S. stock indexes fell at the opening, with the Dow falling 0.19%, the S&P 500 falling 0.21%, the Nasdaq falling 0.16%, and the Nasdaq 100 falling 0.33%. Crypto assets and gold generally rose.

The chip sector continues its downward trend

After closing down more than 5% last Friday, super-heavyweight Nvidia continued to fall 1% in early trading today. AMD opened down 3%, and ASML fell 1.6%.

TSMC opened down 1.8% after reports that Taiwan was considering raising the company's electricity prices by up to 30%.

Most popular Chinese concept stocks rose

The Nasdaq Golden Dragon China Index rose by more than 3% at the beginning of the session, with popular Chinese concepts generally rising, GDS rose by nearly 30%, Kingsoft Cloud rose by more than 22%, Bilibili rose by nearly 14%, Xpeng rose by nearly 7%, and JD.com rose by nearly 30%. Over 5%, NIO rose nearly 6%, Pinduoduo rose over 4%, and Alibaba rose over 3%.

The FTSE A50 overnight gains expanded to about 0.4%, refreshing the high during the period to above 12,190 points.

GDS had risen by more than 33% at the beginning of the session, but the gain in early trading narrowed to about 20%. According to reports, Hillhouse and others are interested in investing in GDS's overseas data center business. GDS responded by confirming that it has held discussions with several private equity investors regarding potential transactions related to its international business.

Most mining stocks fell

The main 04 contract of Singapore iron ore futures fell by more than 7%, and mining giants Rio Tinto and BHP Billiton both fell by more than 2%.

Crypto assets and gold rose broadly, while Bitcoin failed to stabilize after rising above $72,000

Cryptocurrency assets generally rose, with Bitcoin once breaking through the $72,000 mark, but failed to stabilize. It has now fallen back to around $71,772.

Ethereum exceeded $4,000 per coin for the first time since December 2021.

The crypto asset trading platform Coinbase rose 2.5% at the opening, but the increase quickly fell back to less than 1%.

Spot gold continues to rise, now trading at $2,183 per ounce.