June 19, Thursday

High-Level Voices: 
The Federal Reserve announced its June interest rate decision, keeping the benchmark rate unchanged at 4.25%-4.50%, marking the fourth consecutive meeting with no action.

Overall Sentiment: 
Last night, hours before the Federal Reserve's latest interest rate decision, Trump fiercely criticized Fed Chair Powell, calling him "foolish" and expressing doubt that the Fed would announce a rate cut. As expected, the Fed held rates steady.
Yesterday, A-shares and H-shares showed rare divergent trends, with real estate leading declines in both markets. However, A-shares' banking sector propped up the index, likely due to the Lujiazui Financial Forum being held in Shanghai.