In June, major indices in both China and the U.S. posted gains. The recent talks between China and the U.S. in London further clarified the framework for the tariff agreement, suggesting that the trade war is unlikely to escalate further. It is expected that both countries will ease certain restrictions on rare earths and technology over the coming months, which will boost market risk appetite and shift market opportunities toward AI computing power and applications. 

 Currently, the U.S. remains ahead in the AI market, with faster deployment of application scenarios. However, due to limitations in computing power, China is expected to accelerate the adoption of AI applications after the release of new large models later this year. Moving forward, attention should be given to the outcome of the U.S. tariff agreements with other global nations in July.