As of the latest U.S. stock market close, the Dow Jones Industrial Average rose 1.04% to 44,922.27 points, the S&P 500 rose 0.32% to 6,466.58 points, and the Nasdaq rose 0.14% to 21,713.14 points. Among them, the S&P 500 and Nasdaq continued to hit new closing highs.

Most chip stocks rose, with Chaowei Semiconductor rising by more than 5%, and NXP Semiconductor rising by more than 4%.

Tencent soared 7%, with a market value of over US$700 billion

Most Chinese stocks rose, with the Nasdaq China Golden Dragon Index closing up 2.08%, Mavericks Electric rising more than 17%, Pony Intelligence rising more than 7%, Alibaba, Baidu and Ideal Auto rising nearly 4%.

Tencent Holdings ADR rose more than 7%, setting a new high in more than four years. On the news, after the market on August 13, Tencent Holdings released its 2025 interim and second quarter performance reports. Tencent Holdings’ second quarter revenue increased by 15% year-on-year to 184.5 billion yuan, exceeding the market’s estimate of 178.94 billion yuan; net profit was 55.63 billion yuan, an increase of 17% year-on-year.

This rise directly pushed Tencent’s total market value to exceed the US$700 billion mark, which was equivalent to about RMB 5.02 trillion. As of the close of Hong Kong stocks on August 13, Tencent Holdings’ share price had risen by 4.74%, and its market value increased by HK$242.581 billion a day.

On the news front, with the relatively stable implementation of key U.S. inflation data, market expectations for the Federal Reserve’s interest rate cuts have heated up again. According to CCTV News, US Treasury Secretary Becent called on the Federal Reserve to cut interest rates by 50 basis points next month to encourage some investors to bet on larger easing measures.