Sou Hu Cai Jing·2025-05-13 00:43Market Overview - US stock market experienced a significant surge, with the Dow Jones rising over 1100 points and both Nasdaq and S&P 500 reaching two-month highs, driven by positive signals from trade talks and expectations of easing trade tensions [3] - Major tech companies saw substantial gains, with Amazon up over 8%, and Meta, Apple, and Tesla all increasing by more than 6%, indicating strong market sentiment [3] Chinese Stocks - Nasdaq Golden Dragon China Index surged by 5.4%, with notable increases in stocks like WeRide (up 27%), XPeng, Bilibili, and JD.com, reflecting improved market confidence due to easing trade tensions and expectations of economic recovery in China [3] - The performance of electric vehicle companies, particularly XPeng and Li Auto, is bolstered by strong sales data and supportive policies, attracting significant investment [3] International Developments - The US-Ukraine mineral agreement, while appearing to focus on reconstruction, is seen as a strategic move by the US to gain access to Ukraine's rare earth and lithium resources, potentially altering global supply dynamics [4] - Chinese rare earth companies may face short-term price pressures, but China's advantages in processing technology and supportive policies could present long-term opportunities [4] Tax Policy Implications - The potential extension of previous tax cuts under Trump's new tax proposal could positively impact US stock market earnings expectations in the short term, although it may also lead to increased fiscal deficits and inflationary pressures in the long run [5] Commodity Market Dynamics - Oil prices rose by 1.5% due to improved supply-demand expectations linked to global economic recovery, though volatility remains a concern due to geopolitical risks and OPEC+ production policies [5] - Gold prices fell by 2.7%, nearing $3200, influenced by a stronger dollar and rising US Treasury yields, although gold retains long-term investment value amid global economic uncertainties [5] Currency and Investment Strategy - Offshore RMB depreciated by 397 points, primarily due to a stronger dollar and capital flow impacts, but the depreciation space is considered limited given improving economic fundamentals in China [6] - For long-term investors, US tech giants like Amazon, Microsoft, and Nvidia, along with quality Chinese stocks such as XPeng, Pinduoduo, and Alibaba, are recommended for their growth potential amid improving fundamentals and policy support [6]