Hong Kong-listed stocks related to large-scale modeling continued to decline in the afternoon, with MINIMAX-W (00100.HK) falling by 10.94% and Zhipu (02513.HK) dropping by more than 10%.

Although net inflows into US equity funds remain negative and their holding models are at a relatively low 40th percentile, overall market sentiment among retail and institutional investors continues to rise, providing positive support for the broader market in the medium to medium term. Rotation and liquidation continue between "stocks vulnerable to AI" and "core AI stocks"; fund transfers between semiconductors and software have slowed. Healthcare has become a new investment focus; hedge fund positions in the US healthcare sector have not yet rebounded significantly, and healthcare ETF inflows remain positive, indicating further room for improvement in this sector. The European healthcare sector is also viewed favorably until the end of the third quarter, with hedge fund sentiment turning bullish. Other sectors: retail stocks were hit by negative news, and hedge funds have begun shorting again (e.g., global brand companies); while metals and mining have surged over the past month, their holdings do not yet appear overly crowded. European bank stocks have been heavily sold off by hedge funds. (The above views are from a JPMorgan report dated August 21.)

On Saturday, Mohsen Rezaei, secretary of Iran's Supreme National Security Council, told Iranian state television that Iran is calling on all countries, including its neighbors, not to join the US's "economic war." He said any country that participates in imposing economic restrictions on Iran will be considered an enemy and warned of "hellish" retaliation. Hamidreza Aziz, a researcher on Iran at the Klingendal Institute in the Netherlands, said that Iran appears to be trying to establish deterrence at an earlier stage by signaling that even preparations for an attack against Iran could provoke a response. Aziz stated that two elements are emerging in the new "offensive doctrine": 1) preemptive strikes, aimed at preventing perceived threats from becoming a reality; and 2) asymmetrical retaliation, aimed at increasing the cost of any actual attack. Iran's warning to Gulf states about joining Trump's economic war is essentially an ultimatum to them, and Iran's military and security apparatus is increasingly preparing for a new round of escalation.

The German DAX 30 index opened down 39.55 points, or 0.15%, at 26,089.00 on Monday, August 24th; the UK FTSE 100 index opened down 1.56 points, or 0.01%, at 10,815.00 on Monday, August 24th; the FCHI index opened down 5.02 points, or 0.06%, at 8,479.41 on Monday, August 24th; and the Eurozone... The Stoxx 50 index opened down 19.90 points, or 0.31%, at 6445.75 on Monday, August 24; the Spanish IBEX 35 index opened up 24.25 points, or 0.12%, at 19985.75 on Monday, August 24; and the Italian FTSE MIB index opened down 68.04 points, or 0.13%, at 52600.00 on Monday, August 24.

At midday closing, most domestic futures contracts rose, with container shipping to Europe up over 5%, ethylene glycol (EG) up nearly 5%, coking coal and gold futures up nearly 3%, platinum, soda ash, and caustic soda up over 2%, and propylene and glass up nearly 2%. On the downside, apples, polysilicon, and live pigs fell over 2%, while eggs, rapeseed, paraxylene, rapeseed oil, and PTA fell over 1%.

Iranian Deputy Foreign Minister: (Refuting former Israeli Prime Minister Bennett's claim that Iran's military power has been dismantled) To deal with this Iran, the United States needs to launch the "largest financial attack in history" and mobilize "all American institutions and departments"? Is this a victory or a bitter admission of defeat?