Stock Market Early Report: Major Indices Down, Tech Stocks and Financial Stocks Weak, Jin Xin Reproductive Up 3.4%, Yaming Kondel Down 4%, Guangda Securities and China Pacific Insurance Down Over 2%

　Grasshopper July 31st｜Fed Reserve maintains interest rate unchanged for the fifth time in a row, US stocks three major indices up and down, ChiNext Index down 1.82%.US Stocks Hong Kong Stocks three major indices continue to open low, Hang Seng Index down 0.77%, CSI-300 Index down 0.68%, and Tech Index down 0.58%. On the market, large-cap tech stocks continued to decline, with Meituan down 3%, JD.com, Alibaba, Xiaomi all down around 1%; Tencent, Baidu, and NetEase all went green; Innovative drug concept stocks pulled back, with a planned issuance of 7.38 million H-shares at a discount price of 6.9% to raise HK$770 million, Yaming Kondel (603259) down 4%; Yesterday's gold and silver indices in New York fell over 1.7%, Philadelphia Gold and Silver Index closed down over 3.3%, gold stocks generally went down, China White Silver Group and Lingbao Gold all down over 3%, financial stocks and insurance stocks of major Chinese brokerages mostly went down, Guangda Securities (601788) and China Pacific Insurance (601601) down over 2%. On the other hand, the news of the 3,600 yuan reproductive subsidy landing continued to ferment, three-child concept stocks continued to rise, Jin Xin Reproductive up 3.4%, live broadcast concept stocks and rare earth concept stocks part of the rise.(Grasshopper)