Group 1 - The article discusses significant progress in US-China negotiations, particularly regarding tariffs, which may impact A-shares, Hong Kong stocks, and US stocks [3][4] - Emerging market currencies have appreciated significantly during the recent holiday, with the Chinese yuan rising approximately 1%, the South Korean won by 3%, and the New Taiwan dollar by 5%, indicating a sensitive response to tariff discussions [3] - The Chinese Ministry of Commerce has indicated that the US is willing to negotiate on tariff issues, suggesting a potential thaw in relations and opportunities for market recovery [3][4] Group 2 - There are reports that China may take action regarding fentanyl, a key concern for the US, which could lead to further negotiations and potential market impacts [4] - The recent developments in US-China relations may lead to a short-term boost in capital markets, as evidenced by a rebound in the US market during the holiday [4]