At 00:00, 01:00, and 05:00, Trump made three concessions

April 23, 2025 07:06 Hong Kong, China

Chinese investors wake up to a series of good news. Global markets breathe a sigh of relief and see a rebound:

- The U.S. stock market rose across the board, with the Dow Jones Index up 2.66%, the S&P 500 Index up 2.51%, and the Nasdaq Index up 2.71%;

- The U.S. dollar index rebounded 0.63% on Tuesday and further rebounded 0.8% this morning;

- Gold prices dropped over $100 after reaching $3500, and further declined nearly $50 this morning.

The above trends are due to Trump making concessions on two key issues - tariffs on China will be significantly reduced, and there is no intention to fire Powell.