Schaeffers Investment Researchยท2025-04-23 16:05Group 1 - Investors are optimistic about a potential easing of China-U.S. trade tensions following President Trump's statement regarding a substantial drop in the 145% tariff on Chinese imports [1] - Treasury Secretary Scott Bessent indicated that there will be a de-escalation in trade issues and highlighted the opportunity for a significant deal between the two countries [1] - U.S.-listed shares of Alibaba Group Holding Ltd (NYSE:BABA) rose by 3.6% to $120.08, while JD.com Inc (NASDAQ:JD) increased by 1.2% to $34.06 in response to the news [1] Group 2 - Alibaba is on track for its fourth consecutive daily gain, with a year-to-date increase of 41.9% and a potential close above the 20-day moving average for the first time since March [2] - JD.com is attempting to end a five-day losing streak, maintaining a year-over-year increase of 23.9% despite a slight deficit for 2025 [3] - The $32 level has acted as a support floor for JD.com, containing two major pullbacks this month and previously serving as support in January and November [3]