China, US Market Recap

This event covers daily market recaps for the Chinese and global stock markets, specifically focusing on Tuesday and Thursday's trading sessions. The Shanghai Stock Exchange Composite Index and Shanghai Stock Exchange Composite Index ended winning streaks, experiencing declines driven by losses in financial, property, resource, and energy companies. Globally, the Dow Jones Industrial Average saw gains, while the Nasdaq Composite and S&P 500 experienced profit-taking. Key economic data from the United States, including import prices, jobless claims, and manufacturing orders, influenced market sentiment. The United States — Federal Reserve's monetary policy announcement and comments from Chair Kevin Warsh are highly anticipated. Crude oil prices, specifically West Texas Intermediate, were volatile due to optimism about a potential U.S.-Iran peace deal and later contradictory remarks regarding the Strait of Hormuz. Several Chinese companies, including Industrial and Commercial Bank of China, Bank of China, Agricultural Bank of China, China Merchants Bank, Bank of Communications, China Life Insurance Company, Jiangxi Copper, Aluminum Corporation of China Limited, Yankuang Energy Group, PetroChina, Sinopec, Maqam International Holding, China Shenhua Energy, Gemdale Corporation, Poly Developments, and Vanke, showed mixed performances.