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A research report from China Galaxy Securities stated that major global stock markets have generally performed well, with weaker US non-farm data enhancing expectations of a rate cut in September and boosting US stocks and global risk appetite. Tech giants in the US have generally reported better-than-expected earnings, particularly in the areas of artificial intelligence and cloud services, further supporting market confidence. Stable growth policies and a rebound in foreign trade have driven growth in the Asia-Pacific region. In the medium to long term, US stocks still have potential for further growth based on technological innovation and profit resilience, but high valuations pose a risk of a pullback in the event of an economic slowdown.
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