US Stock Market Move | Popular Chinese concept stocks generally rose. Alibaba Group Holding Limited Sponsored ADR (BABA.US) rose by more than 5%.

On Monday, the Nasdaq Golden Dragon Index in China surged by 3.27%. Popular Chinese concept stocks rose across the board, with PONY.US up over 11%, Futu Holdings Ltd. Sponsored ADR Class A (FUTU.US) up over 6%, NIO Inc. Sponsored ADR Class A (NIO.US), Alibaba Group Holding Limited Sponsored ADR (BABA.US) up over 5%, PDD Holdings Inc. Sponsored ADR Class A (PDD.US), and Baidu Inc Sponsored ADR Class A (BIDU.US) up over 3%. In addition, the Shanghai Composite Index opened lower but closed with a slight decrease of 0.19%, showing resilience in the Chinese market. On the news front, Trump posted on the "Truth Social" platform last Sunday, hinting to investors that he may not follow through on his previous threats. President Trump wrote, "Don't worry, everything will get better in the end!" Huaxi believes that the escalation in short-term Sino-US trade tensions may inevitably lead to increased volatility in the capital markets, but based on the "learning effect" of the capital markets and the strengthening of China's market stabilization mechanism, the impact of this shock may be much lower than the levels seen in April of this year.