<p>U.S. President Trump officially nominated Waller to serve as the next Chairman of the Federal Reserve, replacing the current Chairman Jerome Powell; at the same time, Federal Reserve Governor Mester stated that continuing to cut interest rates is an appropriate approach, believing it is too early to take a stance on the impact of the Middle East war on the U.S. economy.</p>
<h2>U.S. Dollar Retreats, U.S. Stocks Rally Across the Board</h2>
<p>The U.S. dollar index retreated, currently at 98.69. The three major U.S. stock indices also rallied across the board on Wednesday, with the Dow closing up 238 points or 0.49%, at 48,739 points; the S&amp;P 500 index rose 0.78% or 52 points, at 6,869 points; and the Nasdaq rose 290 points or 1.29%, at 22,807 points. Oil prices continued to rise, but the increase has narrowed, with Brent crude oil up 1.2% to $82.44, and WTI crude oil up 1.8% to $76. As for gold prices, they are currently at $5,177, up about 0.7%.</p>
<h2>Japanese Stocks Rose Over 4%, Korean Stocks Rebounded Over 12%</h2>
<p>In the Asia-Pacific stock market, the Nikkei 225 index rose over 4% this morning, while the Korean Composite Index rebounded sharply by over 12%, triggering a circuit breaker mechanism that paused &#34;buy orders&#34; for 5 minutes, with focus stocks Samsung Electronics and SK Hynix rising over 13% and 14%, respectively. Hong Kong stocks also saw a rebound this morning, opening up X points or X%, at X points.</p>
<h2>Tencent's Supercell Cooperating with U.S. Investigation</h2>
<p>Tech stocks generally rose, with Tencent (700) subsidiary Finnish game company Supercell Oy stating that it is cooperating with the U.S. government's security investigation into its parent company's data processing methods. Tencent opened at HKD 509.5, up 0.7%. Alibaba (9988) opened up 0.5%; Meituan (3690) rose 1.7%; JD.com (9618) rose 1%. Additionally, among heavyweight blue-chip stocks, HSBC (005) and AIA (1299) rose 3% and 2.6%, respectively.</p>
<h2>Xiaomi Plans to Launch a New Chip Every Year</h2>
<p>Xiaomi (1810) plans to release a new smartphone processor chip every year and is preparing to launch its own artificial intelligence assistant targeting overseas markets; it opened at HKD 32.56, up 1.75%.</p>
<h2>CNOOC Receives Increased Stake from Parent Company, Stock Price Remains Soft</h2>
<p>In the oil sector, CNOOC (883) announced that China National Offshore Oil Corporation increased its stake by 705,500 A-shares, involving about 30 million RMB; it also increased its H-shares by 24,298,000, involving 373 million RMB. However, CNOOC opened at HKD 26.88, down 0.7%. Among other oil and gas-related stocks, PetroChina (857) rose 0.2%; Sinopec (632) rebounded over 6%; Shandong Molong (568) rose 2.2%; but Bakin Oilfield Services (2178) fell over 4%. In terms of gold-related stocks, Zijin Mining (2899) opened up over 2%; Chifeng Jilong Gold Mining (6693) rose 1.6%; and Zhaojin Mining (1818) also rose 1%.</p>
<p>Regarding the northbound capital flow, there was a net sell of HKD 466 million in Hong Kong stocks yesterday, with Southbound Hang Seng Technology (3033), Tencent (700), and SMIC (981) receiving net purchases of HKD 944 million, HKD 849 million, and HKD 261 million, respectively; while Alibaba (9988), Xiaomi (1810), and CNOOC (883) faced net sells of HKD 3.459 billion, HKD 180 million, and HKD 139 million, respectively</p>
<h2>Li Ze Ming: The market expects that the conflict will not end in the short term</h2>
<p>Li Ze Ming, Investment Director of Hong Ant Capital, stated that the Hong Kong stock market has strong liquidity, and its property as a market ATM has not changed in the face of risks. This has led to significant selling pressure in the Hong Kong stock market on Wednesday. Currently, the market risk mainly stems from the spillover of the situation in the Middle East. It is expected that the market has partially reflected the risk that the Middle East conflict is unlikely to end in the short term. As the intensity of the conflict may gradually decrease, the declines in the Hong Kong, Korean, and Japanese stock markets should narrow, slowly forming a bottom. In the short term, the Hang Seng Index is expected to continue consolidating around the 25,000 points at the 250-day moving average.</p>
<p>He further pointed out that the Korean and Japanese stock markets were previously at historical highs, especially with Korea experiencing significant gains. Combined with the more aggressive investment style of Korean investors, the leverage ratio in the Korean stock market is relatively high. Therefore, when the market experiences a correction, it is easy to trigger forced liquidation and margin calls in the Korean stock market</p>

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<p>Global stock markets rebounded, with South Korean stocks rising over 12% and Japanese stocks up over 4%. U.S. stocks rebounded across the board, with the Dow Jones up 238 points, the S&P 500 up 52 points, and the Nasdaq up 290 points. Oil and gold prices rose slightly. Hong Kong stocks opened higher, with technology stocks such as Tencent, Alibaba, and MEITUAN generally rising, and HSBC up 3%. Xiaomi plans to launch new chips annually, while CNOOC received an upgrade but its stock price remained soft</p>

- U.S. President Trump has officially nominated Waller to succeed Powell as the next Federal Reserve Chair, while Fed Governor Mester suggests that further interest rate cuts are appropriate despite the ongoing Middle East conflict's impact being too early to evaluate.  
- The U.S. dollar index fell to 98.69, leading to a rebound in major U.S. stock indices, with the Dow Jones rising 238 points and the Nasdaq adding 290 points.  
- Asian markets also reacted positively, with Japan's Nikkei 225 rising over 4% and South Korea's index increasing by 12%, while notable stocks like Samsung and SK Hynix saw significant gains.

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Global stock markets rebounded, South Korean stocks once rose over 12%, the Hang Seng Index opened up 334 points, HSBC rose 3% | Hong Kong stock market opens