<p>Recent market changes indicate that "the east rises while the west falls" is not just a macro narrative. The trading volume of TMT in A-shares has surpassed 40%, U.S. tech stocks have declined, and foreign banks are bullish on Chinese stocks. The number of layoffs in the U.S. has reached a new high since 2009, and Trump's tariff increases have affected market confidence. U.S. tech assets have significantly led the decline, with MAG7 adjusting for 54 trading days, which may impact the flow of funds and monetary policy in A-shares</p>

- The article discusses recent changes in the A-share and U.S. stock markets, highlighting a significant divergence in technology sector performance.  
- It notes a decline in U.S. market confidence due to economic pressures, including rising unemployment and tariff uncertainties, while suggesting that A-shares may benefit from a potential recovery in China.  
- The authors emphasize the importance of monitoring market dynamics and the potential for A-share valuations to rise if U.S. economic conditions stabilize without severe recession risks.

Wallstreetcn

XL2CSOPHSTECH

XI2CSOPHSTECH

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

XIAOMI-W

TENCENT

Taiwan Semiconductor

Direxion Daily TSLA Bull 2X Shares

CSOP HS TECH

HSTECH ETF

Tesla

"East Rising, West Falling" is not just a macro narrative