Market Overview
On Wednesday, US stock market closed higher, with all three major indices gaining over 1%. The Nasdaq Golden Dragon Index surged 6.4% as reports suggested President Donald Trump might ease tariff policies. Meanwhile, the Federal Reserve’s Beige Book indicated a slight economic uptick but noted a decline in consumer spending.
A White House official stated Wednesday that President Trump would grant a one-month tariff exemption for vehicles imported under the USMCA trade agreement.
Earlier, Commerce Secretary Howard Lutnick suggested on Tuesday night that Trump might consider partial tariff relief for certain Canadian and Mexican imports.
Lutnick indicated that Trump was weighing a “compromise” on recently implemented tariffs, potentially reducing duties on USMCA-compliant imports like cars and auto parts. This move would benefit major automakers operating under the agreement.
Analysts warn that Trump’s tariff policies could exacerbate inflation, slow economic growth, and erode corporate profits—especially as recent reports suggest a cooling economy.
US Market Highlights
Tech stocks broadly advanced, with Microsoft up 3%, Tesla, Amazon, Meta, and Broadcom gaining over 2%. Cryptocurrency, airlines, and mining stocks led the market, with MicroStrategy surging 12%, Hecla Mining up 7%, JetBlue climbing over 6%, and Coinbase rising 4%. However, energy stocks struggled, with Marathon Oil down 5% and Occidental Petroleum falling 2%.
Chinese stocks surged, with the Nasdaq Golden Dragon Index jumping 6.4%. VNET rose over 16%, Futu Holdings gained 12%, Zeekr climbed 10%, Alibaba advanced 8%, and JD.com surged 7%.
US Market – Technical Analysis
US Market Performance
- Dow Jones: +485.6 points (+1.14%) to 43,006.59
- Nasdaq: +267.57 points (+1.46%) to 18,552.73
- S&P 500: +64.48 points (+1.12%) to 5,842.62
Hong Kong Market Highlights
Hong Kong stocks rallied, with tech shares leading the gains. Kuaishou surged over 13%, Alibaba rose 7%, Bilibili and Tencent gained over 5%, while JD.com and Lenovo advanced more than 4%.
Alibaba soared 7% after its Qwen AI team launched a new inference model, QwQ-32B, which competes with significantly larger AI models and even surpasses DeepSeek-R1 in certain benchmarks.
Hong Kong Market – Technical Analysis
Hong Kong Market Performance
- Hang Seng Index: +2.64% to 24,216.93
- Hang Seng Tech Index: +4.72% to 6,031.27
- Hang Seng China Enterprises Index: +2.88% to 8,878.55
A50 & China A-Share Market Highlights
Mainland Chinese stocks opened higher and extended gains throughout the session. Over 4,400 stocks advanced, with strong performances in software, AI, and automation sectors.
Sector Performance:
- Gainers: Middleware, office software, AI automation, ERP software, and HR services
- Losers: Highways, electric bicycles, steel, and heavy machinery
Technical Analysis of China Market
China Market Performance
- Shanghai Composite: +1.05% to 3,377.21
- Shenzhen Component: +1.75% to 10,896.66
- ChiNext Index: +2.15% to 2,237.42
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Disclaimer
This information contained in this blog is for general reference only and is not intended as investment advice, a recommendation, an offer, or an invitation to buy or sell any financial instruments. It does not consider any specific recipient’s investment objectives or financial situation. Past performance references are not reliable indicators of future performance. Doo Prime and its affiliates make no representations or warranties about the accuracy or completeness of this information and accept no liability for any losses or damages resulting from its use or from any investments made based on it.
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