Hong Kong Leads the Rally

• Hang Seng Index jumped 2%, reaching a three-year high for major Chinese tech stocks.
• Alibaba, Xiaomi, and Tencent see strong gains after Xi Jinping’s meeting with business leaders.

Global Markets React

• S&P 500 futures up 0.2%, signaling a positive start for U.S. markets.
• Japan’s Topix climbed 0.6%, while Australia’s ASX 200 dipped 0.7% after central bank moves.

China’s $1 Trillion AI Boost

• DeepSeek’s AI breakthrough fuels a $1 trillion surge in Chinese stocks.
• Investors speculate if this marks the end of China’s crackdown on private tech firms.

Oil & Gold on the Move

• WTI crude up 1% to $71.48/barrel amid OPEC+ supply discussions.
• Gold rallied to $2,911.97/ounce, with Goldman Sachs setting a new target of $3,100.

Fed & Interest Rates Watch

• Fed Governor Waller signals interest rate cuts possible later this year.
• The 10-year U.S. Treasury yield rises to 4.51%, indicating cautious market sentiment.

What’s Next?

• While the rally in Chinese tech stocks is promising, it’s crucial to see if this momentum sustains beyond short-term government support.
• Global investors remain cautious about regulatory risks, and a stable long-term policy framework will be key to attracting sustained capital inflows.
• Additionally, the Fed’s stance on interest rates could be a defining factor for broader market sentiment in the coming months.