US Trade Representative Greer: US-China Trade Ceasefire to Continue

The news is sending a positive signal that US-China trade tensions may ease, which is supportive for China-based stocks like BABA. Technically, the price is trading above its 20 and 50-day moving averages, and the RSI is in the neutral zone, indicating an upward potential. However, caution is needed in the short term as the MACD remains below its signal line. The 2.8% increase in the last closing and positive momentum may support an upward movement in the short term, driven by the impact of the ceasefire news.

The news signals a positive reduction in US-China trade tensions, which is supportive for China-based stocks like JD.com (JD). Technically, the stock has risen 7.6% in the last 24 hours, with the RSI at 58.5—not yet approaching overbought territory—indicating that upward momentum may continue in the short term. Although the MACD line remains below the signal line, the price trading above both the 20-day and 50-day moving averages points to a strong trend. However, given the recent rally, there is a risk of short-term profit-taking, so optimism should be tempered.

The news headline signals a positive outlook for a reduction in US-China trade tensions, which could generally support China-based stocks. Technical indicators suggest NIO is in a short-term bullish trend: RSI is above 50, MACD is above zero, and SMA20 is above SMA50. However, upside momentum may be limited as the MACD line remains below the signal line. The last closing price is just below SMA20, increasing the likelihood of encountering resistance. Therefore, the bullish outlook can be expressed with moderate confidence.

Although the headline signals reduced uncertainty by indicating that the US-China trade truce will continue, BIDU shares closed down 1.98% in the last 24 hours. The RSI stands at 48.95, in neutral territory, while the MACD remains below the signal line, pointing to short-term weakness. The price is trading below the 20-day SMA (144.24) but holds above the 50-day SMA (142.23). This technical picture may limit the positive impact of the news, causing the price to move within a sideways band in the near term.