This morning, the joint statement from the China-U.S. Stockholm Economic and Trade Talks was released, with both sides agreeing to once again suspend the 24% tariffs for 90 days starting from August 12, 2025, while retaining the remaining 10% tariffs on these goods as stipulated by the executive order. Stimulated by this news, Asia-Pacific markets collectively rose in early trading today. The MSCI China A50 Connect Index, which represents core leading assets, saw a volatile intraday surge, gaining over 1.4%, with component stocks such as Industrial FuLian, Wanhua Chemical, and Cambricon-U leading the gains.

The chief strategist at Huaxi Securities stated that the recent margin trading balance has reached a decade-high, reflecting a continued recovery in individual investors' risk appetite. As household asset allocation tilts toward equity assets, incremental household funds entering the market will become a key driver of this round of market performance. With the current stock market offering favorable returns, the momentum for incremental household investment remains intact, and the micro-liquidity environment for the stock market is expected to stay loose. The analyst is optimistic about the A-share market in the second half of the year.

The A50ETF (159601) closely tracks the MSCI China A50 Connect Index, bundling 50 leading Connect targets in one click and providing balanced coverage of the performance of core leading assets in the A-share market, making it a preferred choice for both domestic and international funds. Compared to other "Nifty 50" indices in the market, the MSCI China A50 Connect Index places greater emphasis on liquidity and sector balance during its compilation, with significant large-cap growth characteristics.