Global News | US stocks close lower across the board, NVIDIA H200 chip export to China faces eased regulations

【US Stock Indices】

On January 13th (Tuesday) Eastern Time, the three major US stock indices all closed lower, with the S&P 500 down 0.19%, closing at 6963.74; the Dow Jones Industrial Average down 0.80%, closing at 49191.99; and the Nasdaq down 0.10%, closing at 23709.87.

【US Bonds】

On January 13th, the benchmark 10-year US Treasury yield was 4.18%, and the 2-year US Treasury yield, which is most sensitive to Federal Reserve policy rates, was 3.53%.

【Popular US Stocks】

Among popular US stocks, Nvidia rose 0.47%, Google C rose 1.11%, Google A rose 1.24%, Apple rose 0.31%, Microsoft fell 1.36%, Amazon fell 1.57%, TSMC fell 0.19%, Meta fell 1.70%, Tesla fell 0.39%, Super Micro Semiconductor rose 6.39%, and Intel rose 7.33%.

【Global Indices】

【China Indices】

On January 13th, overnight Hang Seng Tech Index futures rose 0.38%, Nasdaq China Golden Dragon Index fell 1.86%, and FTSE China A50 Index fell 0.49%.

【Chinese Concept Stocks】

In popular Chinese concept stocks, Tencent Holdings (HK stock) rose 0.72%, Alibaba rose 0.40%, Pinduoduo fell 5.40%, NetEase fell 1.97%, Baidu fell 1.91%, Ctrip fell 4.15%, XPeng Motors fell 3.04%, Li Auto fell 2.35%, and NIO fell 3.20%.

【Forex and Commodities】

【Global News】

US relaxes export controls on Nvidia H200 chips to China

On January 13th, local time, according to the US Federal Register, the US has eased regulations on the export of Nvidia H200 chips to China. Previously, President Trump announced via social media that the US government would allow Nvidia to sell H200 AI chips to China. It is understood that the sales to China will be subject to approval and security review by the US Department of Commerce, and the US will also charge fees from related transactions. (CCTV News)

US President Trump: hopes Federal Reserve Chair can cut rates when economic data performs well

US President Trump stated that he hopes the Federal Reserve Chair can lower rates when economic data shows good performance. (Cailian Press)

Federal Reserve Chair Powell under criminal investigation, experts reveal behind-the-scenes political calculations

US federal prosecutors have launched a criminal investigation into Federal Reserve Chair Powell. Powell confirmed on January 11th that a subpoena from the US Department of Justice had been delivered to the Fed. Several informed sources revealed that the criminal investigation into Powell and the Fed began as early as November 2025. (CCTV News)

Fed’s Moussali: No reason to further ease monetary policy in the short term

Federal Reserve’s Moussali stated that inflation is close to 3% rather than 2%, but is expected to decline this year. Economic growth is expected to reach or exceed potential in 2026. There is no reason to further ease monetary policy in the short term. (Jiemian News)

Fed spokesperson: December CPI unlikely to change Fed’s current wait-and-see stance

“Fed spokesperson” Nick Timiraos: The December Consumer Price Index (CPI) is unlikely to change the Fed’s current wait-and-see stance, as officials probably want to see more evidence before cutting rates, confirming that inflation is stabilizing and gradually declining. The Fed has cut the benchmark interest rate in three consecutive meetings, most recently in December, despite inflation having stopped declining last year. The rate cuts are driven by concerns over a potential larger-than-expected slowdown in the labor market. To resume rate cuts, Fed officials may need new evidence showing worsening labor market conditions or weakening price pressures. The latter may require at least a few more months of inflation data to become clear.

Morgan Stanley: Inflation has not heated up but remains above target, insufficient to support Fed rate cut in January

Morgan Stanley Wealth Management Chief US Economist Allen Zentner commented on US inflation: “We’ve seen this before — inflation hasn’t reignited but remains above target. The cost pass-through from tariffs is still limited, but housing affordability hasn’t improved. Today’s inflation report isn’t enough to justify a rate cut by the Fed later this month.” (Sina Finance)

Apple launches “Apple Creators Studio”

Apple announced the launch of “Apple Creators Studio.” (Yicai)

Traders further increase bets on Fed rate cuts, probability of a rate cut in April rises to 42%

According to reports, on Tuesday, traders increased bets that the Fed might not wait until Fed Chair Powell’s term ends in May to cut rates, as the US Labor Department reported that core consumer prices rose slightly less than expected. Although traders still see June as the most likely month for a rate cut, based on the latest data, the probability of a rate cut in April has risen to about 42%, up from 38% before the data release.

Delta Air Lines to order 30 Boeing 787-10 wide-body aircraft

On January 13th, Delta Air Lines announced an agreement with Boeing to purchase 30 787-10 wide-body aircraft, with an option to buy an additional 30. Delivery is planned to begin in 2031. Additionally, Delta has also reached an agreement with engine manufacturer GE Aerospace to provide maintenance services for the GEnx engines selected for this aircraft. (Jiemian News)

Metaverse (Meta) tech division to lay off over 1,000 employees

The Metaverse (Meta) tech division will lay off over 1,000 employees, with official notices to be sent to affected staff starting Tuesday morning. (Sina Finance)