US Stock Market Move | The delay of the Sino-US tariffs boosts the intra-day strength of popular Chinese concept stocks.

On Tuesday, popular Chinese concept stocks strengthened mid-trading. Tencent Music Entertainment Group Sponsored ADR Class A (TME.US) soared over 12%, Qifu Technology. Inc ADR Class A (QFIN.US) rose over 6%, Kanzhun Ltd. Sponsored ADR (BZ.US), JD.com, Inc. Sponsored ADR Class A (JD.US), Netease Inc Sponsored ADR (NTES.US) rose over 2%. In terms of news, this morning, the joint statement of the Sino-US Stockholm economic and trade talks was released. Both parties agreed to suspend the implementation of a 24% tariff for another 90 days starting on August 12, 2025, while retaining the remaining 10% tariff on these goods as stipulated by the executive order.