Financial markets resemble a capricious ocean, perpetually churning with investment tides and policy currents that profoundly steer global economic trajectories. Xina AI delivers critical overnight developments across equities, economic indicators, corporate earnings, and policy shifts—empowering investors to navigate market turbulence with precision.
Wall Street heavyweight JPMorgan CEO Jamie Dimon issued a stark warning: Federal Reserve independence remains "absolutely critical," and political interference often backfires. Former President Trump and White House officials escalate pressure on Chair Jerome Powell, demanding rate cuts while accelerating succession planning. Treasury Secretary Bassett confirmed the selection process has formally commenced, emphasizing Powell's continued board membership post-chairmanship would unsettle markets. Kevin Hassett emerges as a leading contender.
Brokerage mid-year earnings season ignited with spectacular divergence. Guotai Haitong Securities led with 15.9 billion yuan ($2.2B) net profit among 13 firms exceeding 1 billion yuan. Huaxi Securities and Guolian Minsheng Securities stunned with over 1000% year-on-year surges. Galaxy Securities projects sustained market momentum will buoy brokerage operations through 2025's second half.
Silver prices skyrocketed to $38.24/oz—a 14-year peak—fueled by Trump's tariff threats boosting safe-haven demand, industrial consumption tailwinds, and severe supply constraints. Simultaneously, Powell faces scrutiny over Fed headquarters' renovation cost overruns, though removal remains improbable.
Trump delivered a 50-day ultimatum to Russia: Secure peace with Ukraine or face crippling 100% US tariffs alongside NATO arms shipments to Kyiv. Markets convulsed—crude plunged, semiconductor stocks tumbled, and precious metals retreated sharply.
A-share companies unleashed stellar mid-year forecasts. Huahong Technology and Teyi Pharmaceutical anticipate over 1000% profit explosions. Rare earth miners including China Rare Earth and Shenghe Resources shone brightest. Historical data suggests sectors with robust H1 earnings typically outperform July-August.
Hong Kong's tech titans rallied—Alibaba surged 6%, Meituan gained 4%—as China's statistics bureau vowed to combat industrial "involution." Deputy Director Sheng Laiyun outlined forthcoming measures to rationalize market competition and revitalize corporate profitability.
Global bond markets buckled under intensifying pressure. Japan's 10-year yields hit 17-year highs while 30-year yields notched their sharpest jump in two months. US 30-year yields neared 5% amid fears over Japanese election spending pledges and Trump's tariff policies inflating debt burdens.
NVIDIA CEO Jensen Huang's China visit ignited dual catalysts: US approval for H20 chip exports and the imminent RTXpro GPU launch. Shares leapt 5% as Huang hailed China's "vibrant AI ecosystem" and stressed US firms' imperative to embed locally. The rally propelled the Nasdaq Golden Dragon China Index 2% higher at open.
Fund managers spotlighted compelling opportunities in biotech and AI. Innovative drugmakers gain momentum through overseas licensing deals and domestic commercialization. Computing power demand—particularly overseas inference needs—and application-layer breakthroughs offer fertile ground. Beijing Stock Exchange innovators command attention for explosive growth potential.