Ge Long Hui A P P·2025-08-11 00:48Core Viewpoint - Global major stock markets have performed well, with weaker US non-farm data increasing expectations for a rate cut in September, boosting US stocks and global risk appetite [1] Group 1: Market Performance - US tech giants reported earnings that generally exceeded expectations, particularly in the fields of artificial intelligence and cloud services, further supporting market confidence [1] - The Asia-Pacific region is benefiting from stable growth policies and a recovery in foreign trade [1] Group 2: Long-term Outlook - In the medium to long term, US stocks still have upward potential driven by technological innovation and earnings resilience, although valuations are high [1] - There is a risk of correction if economic slowdown occurs [1]