US bank stocks fall at market open, Nasdaq Golden Dragon China Index rises 1.6%
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U.S. stocks opened lower, with the Dow Jones Industrial Average down 300 points, the S&P 500 Index down 0.4%, and the Nasdaq down 0.39%. Trump called for a 10% cap on credit card interest rates, leading to a decline in bank stocks. One exchange fell 2.2%, and another exchange dropped 2.9%. The Nasdaq Golden Dragon China Index rose 1.6%, Kingsoft Cloud surged 16%, and Alibaba gained 4.9%.
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