Domestic Market Overview - The domestic market experienced a slight increase on July 10, with the Shanghai Composite Index closing at 3509.68 points, up 0.48%, and the Shenzhen Component Index closing at 10631.13 points, up 0.47% [1][4][9] - A total of 20 out of 30 sectors in the CITIC first-level industry rose, with real estate, oil and petrochemicals, and non-bank financials leading the gains, while automotive, media, and computer sectors saw significant declines [1][4][9] - The total trading volume of the A-shares was 151.51 billion yuan, which was a decrease compared to the previous day [1][4][9] Overseas Market Overview - On July 10, major U.S. stock indices mostly rose, with the Dow Jones increasing by 0.43%, the S&P 500 rising by 0.27%, and the Nasdaq gaining 0.09%, with both the S&P 500 and Nasdaq reaching historical highs [2][4] - The Nasdaq China Golden Dragon Index rose by 0.9%, indicating a positive trend for Chinese concept stocks in the U.S. market [2][4] Key News Highlights - The National Development and Reform Commission emphasized increasing investment in new urbanization through targeted funding strategies [3][11] - A 2% increase in pensions for retirees was announced, effective from January 1, 2025 [3][12] - The Ministry of Commerce has initiated a special action to combat the smuggling and export of strategic minerals [3][14] - A new action plan to boost consumption in Beijing aims for an average annual growth of 5% in total market consumption by 2030 [3][16] - President Trump announced a 50% tariff on imported copper starting August 1, 2025, which may impact market sentiment [3][17] Market Drivers - The Ministry of Commerce indicated ongoing communication between China and the U.S. regarding trade issues, which may influence market dynamics [10][15] - The automotive market in China showed strong performance in the first half of the year, with production and sales exceeding 15 million units, reflecting over 10% growth year-on-year [19] - The residential land transfer fees in 300 cities increased by 27.5% year-on-year, indicating a robust real estate market despite a 5.5% decline in transaction area [19]

此前，8日，特朗普称将对所有进口铜征收50%的新关税。纽约商品交易所铜期货价格应声暴涨，创 下了历史新高。 据央视新闻报道，当地时间7月9日，美国总统特朗普在社交媒体平台上宣布，在收到一份严格的国 家安全评估报告后，他宣布美国对铜征收50%的关税，自2025年8月1日起生效。 ...

Core Viewpoint - The U.S. will impose a 50% tariff on imported copper starting from August 1, 2025, as announced by President Trump on social media [1] Group 1 - The tariff is aimed at increasing domestic production and reducing reliance on foreign copper [1] - The decision reflects ongoing trade tensions and a focus on protecting U.S. industries [1] - The implementation date allows time for industries to adjust to the new tariff structure [1]