On August 12, the trading day concluded with all three key U.S. stock market indices notching gains exceeding 1%. Notably, the Nasdaq Composite Index surged 1.39%, while the S&P 500 Index advanced 1.13%, and the Dow Jones Industrial Average climbed 1.1%. Both the Nasdaq and the S&P 500 set new all-time highs. Large-cap technology stocks predominantly trended upwards, with Intel soaring over 5% and Meta climbing more than 3%, bringing its market capitalization perilously close to the $2 trillion mark. Additionally, Apple, Microsoft, and Google all registered gains of over 1%, while other tech heavyweights such as Tesla, NVIDIA, Amazon, and Netflix experienced modest upticks. Among the popular Chinese stocks listed in the U.S., most recorded gains, with Tencent Music soaring nearly 12%, JD.com and Alibaba both increasing by more than 3%, Pinduoduo up 3%, and Baidu and iQIYI also rising over 2%. Conversely, a few Chinese stocks listed in the U.S. witnessed declines, with NIO dropping nearly 9%, Xpeng falling more than 6%, and Pony.ai decreasing over 3%.