Ge Long Hui·2025-07-04 10:39Market Overview - Major global stock indices showed mixed performance, with the Nasdaq rising by 190.24 points (0.94%) and the Dow Jones Industrial Average declining by 10.52 points (-0.02%) [2] Trade Agreements - The United States and Vietnam have reached a trade agreement where Vietnam will pay a 20% tariff on exports to the U.S. and a 40% tariff on any transshipment trade, while allowing U.S. products to enter its market at zero tariffs [3] Employment Data - The ADP Research reported a decrease of 33,000 jobs in the U.S. for June, significantly below the expected increase of 95,000, marking the largest decline since March 2023 [5] Foreign Reserves - South Korea's foreign reserves increased by $5.6 billion in June, reaching a total of $410.2 billion [7] Automotive Industry - Tesla reported a total production of 410,244 vehicles and deliveries of 384,122 in Q2, reflecting a year-on-year decline of 13% in delivery volume [9] - Xiaomi's CEO Lei Jun stated that the company will prioritize domestic deliveries of its vehicles and will not consider exports until 2027 [10] Corporate Actions - Jeff Bezos sold over 3.3 million shares of Amazon, cashing out approximately $737 million [11] - Microsoft announced a new round of layoffs affecting 9,000 employees, marking its second major layoff this year after previously cutting 6,000 jobs [13] AI and Technology Partnerships - OpenAI is reportedly renting significant computing power from Oracle for its "Stargate" project, which involves unprecedented energy consumption levels [14]