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Lucky coffee soared 50% on the first day of listing! What is the impact of lucky coffee on the marke

Lucky coffee soared 50% on the first day of listing! What is the impact of lucky coffee on the market? It is reported that lucky coffee submitted its IPO prospectus to the securities and Exchange Commission on Monday. It is understood that lucky coffee was founded by Qian Zhiya, the former COO of China Youche group. Its mode is through the differentiated store layout of flagship store, Youxiang store, express store and take out kitchen store, as well as the combination of online and offline, hall food, self pick-up and delivery, which is the so-called new coffee retail.

Small blue cup soars, click here to open Hongkong us account to invest in overseas market!

US stocks: at 16:00 on May 17 (04:00 on May 18, Beijing time), the Dow fell 98.68 points, or - 0.38%, to 25764.00; the S & P 500 index fell 16.79 points, or 0.58%, to 2859.53; the NASDAQ fell 81.77 points, or 1.04%, to 7816.28.

Among the large-scale concept stocks, Weibo fell by more than 10%, futu securities fell by nearly 9%, Sina and qutoutiao fell by more than 8%, iqiyi fell by more than 6%, Netease and Tencent ADR fell by more than 4%, Jingdong fell by 3.7%, Alibaba fell by 3.4%.

Faang, chip stocks and Huawei U.S. stock suppliers fell, while Tesla fell more than 7%, the lowest in two years. Tiger securities fell 17%, down 77% from its post IPO high, while Baidu fell more than 16%, the lowest since July 2013. Lucky coffee rose nearly 20%, once up 53%. Beyond meat was cautiously bearish by citron research, down 3.8%.

European stocks: FTSE Pan European merit 300 index closed down 0.32%. Germany's DAX 30 index closed down 0.58%. France's CAC 40 index closed down 0.18%. The FTSE 100 index closed down 0.07%.

[commodity] WTI crude oil futures for June closed down $0.11, or 0.17%, at $62.76/barrel. Brent's July crude oil futures closed down $0.41, or 0.56%, at $72.21/barrel.

[gold]: Comex June gold futures fell 0.8% to $1275.70/oz, down 0.9% for the week.

[foreign exchange] the offshore RMB (CNH) was at 6.9483 yuan against the US dollar at 04:59 Beijing time, down 199 points compared with the late New York trading on Thursday, with the overall trading in the range of 6.9214-6.9491 yuan; last Friday (May 10) it was at 6.8448 yuan in late New York trading; it was down nearly 3% in the past two weeks, and trading at a low level since November 2018.

Overnight news:

'little blue cup' lucky coffee rose 50% on its first day on the market, and then cut half of the price. Rival Starbucks set the highest price in history

The IPO price of lucky coffee was US $25 on the first day, up 47.06% from US $17. The market value of lucky coffee was nearly US $6 billion, with an increase of nearly 53% in five minutes and a maximum of US $26. Since then, the increase in the first day has gradually narrowed, with a daily low of less than US $19. The company said that it will adhere to rapid expansion and subsidy for three to five years, and will not consider profit at present.

Tiger securities gains but losses expand 45% share price falls more than 70% in one month

Tiger securities's first financial report after its listing showed that in the first quarter, its revenue increased by 20% year-on-year, and the service fees and interest income of margin trading, IPO innovation and ESOP services all increased; the number of employees almost doubled, and the operating cost increased by 36%. Tiger securities, which has been listed for nearly two months, closed down more than 17% on Friday, the biggest drop in a month.

Trump tariff 'tight hoop' loose! Us abolishes tax on steel and aluminum in Canada and Mexico

After the media reported that the United States would withdraw the tariff on steel and aluminum of Canada and Mexico, the S & P and Dow index set a new high in the short term, the NASDAQ index rose, the Mexican Peso once wiped out the decline, and the Canadian dollar set a new high in the day. Earlier on Friday, the United States decided to postpone auto tariffs on the European Union and Japan.

EU response to trump's delay in auto tariffs: no auto threat ready for trade talks

The European Commission's trade commissioner had expected trump to postpone imposing auto tariffs on the EU. According to the media, this is to avoid "multi line operations" and not interfere with the ongoing trade negotiations between the United States, the European Union and Japan.

National Development and Reform Commission: China has a corresponding plan to deal with this round of US tariff increase

Meng Wei, a spokesman for the national development and Reform Commission, said that China has a corresponding work plan for this round of US tariff increases.