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Group 1: Market Performance - Chinese assets experienced a significant surge, with the Nasdaq Golden Dragon China Index rising over 1.4% and leveraged ETFs gaining more than 3% [1][3] - Major Chinese concept stocks saw substantial increases, including Kingsoft Cloud up over 9% and Alibaba, NetEase, and Baidu rising over 1% [3] Group 2: U.S. Trade Data - The U.S. trade deficit in April recorded a historic decline of 55.5%, reaching $61.6 billion, the lowest level in 2023 [3][4] - Exports amounted to $289.37 billion, a 3% month-over-month increase, while imports fell sharply by 16.3% to $350.99 billion, marking the largest decline on record [4][6] Group 3: Employment Market Signals - Initial jobless claims in the U.S. rose to 247,000, the highest level since October 2022, indicating a cooling labor market [9][10] - The ADP report showed that private sector job growth slowed to just 37,000 in May, the lowest increase in over two years, suggesting a weakening employment landscape [13]