Market Overview

Major Index Performance: Boosted by positive developments in Sino-U.S. trade negotiations, the Shanghai Composite Index has broken through 3950 points. The Dow Jones Industrial Average has simultaneously reached a historic high, breaking through 47,500 points for the first time.

Market Trading Volume Expansion: The trading volume in the A-share market has surged to nearly 2 trillion yuan, indicating that market sentiment has been lifted by policy signals.

Core Driving Factors

Preliminary Consensus Reached Between China and the U.S.: After the meeting of leaders from China and the U.S., a consensus was reached on tariffs, rare earths, and agricultural product purchases, significantly easing market sentiment.

Tariff Adjustments: The U.S. agreed to reduce tariffs on Chinese goods from 57% to 47%, cancel the 10% "fentanyl tariff," and suspend the imposition of a 24% reciprocal tariff for one year.

Chinese Response: China confirmed the suspension of rare earth export controls for one year and resumed purchases of U.S. soybeans.

Market Analysis and Strategy

A-Share Strategy: The market generally believes that the A-shares are in a "slow bull" market, and it is advised to focus on the "big technology" main line, such as artificial intelligence (AI), chips, and robotics.

U.S. Stock Outlook: Expectations for trade agreements, corporate earnings reports, and interest rate cuts are the core drivers pushing U.S. stocks up, with technology stocks viewed as bullish signals.

Risk Perspective: Investors need to be wary of the risk of technical corrections. Analysis indicates that this agreement may be a "tactical ceasefire," and the long-term strategic competitive relationship remains a potential risk. #美联储降息