July 10, Thursday

High-Level Voices: 
The National Bureau of Statistics released data showing that China's June CP| rose 0.1% year-on-year, Core CP| continued to rise, up 0.7% year-on-year, hitting a 14-month high.

Overall Sentiment: 
Trump posted a letter on social media to leaders of eight countries regarding new tariffs: Brazil will face a 50% tariff, Libya, Iraq, Algeria, and Sri Lanka 30%, Brunei and Moldova 25%, and the Philippines 20%. These new rates will take effect from August 1. These countries indeed lack the ability to resist. Yesterday, a significant event occurred in the A and H share markets: a surge in CATL's H shares lifted its A shares, which in turn boosted the ChiNext Index. Using the smaller float of H shares to drive the larger float of A shares is emerging as a new trend.