Group 1 - The China stock market is experiencing significant trading activity, with some funds reaching their highest levels in nearly four years, indicating a bullish trend [1] - The iShares MSCI China ETF (MCHI) has increased nearly 40% year to date, positioning it for its best performance since at least 2020 after previous declines [1] - The overall market sentiment is positive, with major indices like the Dow Jones moving up following unexpected inflation and jobless data [2] Group 2 - The S&P 500 and Nasdaq are rebounding near their highs, while key stocks like Apple and Alibaba are in or near buy zones despite market sell-offs [4] - Alibaba's stock surged above its buy point following strong earnings and positive reports related to AI chips, indicating strong market interest [4] - China stocks are regaining market leadership, although there are potential risks that could derail this momentum [4]