环球市场动态：中美关税博弈出现破冰

Market Overview - The US-China trade negotiations have made substantial progress, leading to a general rise in global assets, with the A-share market opening high and the military industry sector remaining strong[3] - The Hang Seng Index surged nearly 700 points, while European markets reached new highs, and the Nasdaq entered a technical bull market with a 4.35% increase[3] Trade Agreement Impact - A temporary agreement to significantly reduce tariffs was reached, with US tariffs on China expected to drop to around 44%[5] - The agreement is anticipated to support exports to the US and ASEAN countries, bolstering foreign trade in the coming quarters[5] Stock Market Performance - The Dow Jones increased by 1,160 points (2.81%), the S&P 500 rose by 3.26%, and the Nasdaq gained 4.35%[8] - The Golden Dragon China Index surged by 5.4%, with major Chinese stocks like JD, Pinduoduo, and Alibaba seeing increases of 5.7% to 6.5%[8] Commodity and Currency Movements - International oil prices rose over 1%, reaching a two-week high, while gold prices fell by over 3% due to reduced market risk aversion[4][26] - The US dollar index increased by 1.44%, impacting gold prices negatively, which fell to $3,228 per ounce[26] Fixed Income Market - US Treasury yields rose significantly, with the 2-year yield up by 11.9 basis points to 4.01% and the 10-year yield up by 9.2 basis points to 4.47%[28] - Asian investment-grade bond spreads narrowed by 5-10 basis points, with notable performance in Chinese investment-grade bonds[28] Sector Performance - In the US, technology stocks, particularly in semiconductors and internet sectors, are expected to benefit from the easing of trade tensions[8] - The A-share market saw significant gains in aerospace and military sectors, with stocks like AVIC and Chengfei Integration hitting their daily limits[15]