China Suspends Additional 24% Tariff on US Until January

China’s decision to suspend the additional tariff on the United States could serve as a short‑term signal of easing trade tensions, potentially bolstering risk appetite. The Hong Kong-listed stock 0700.HK has surged 7.4% over the past 24 hours and is trading just above its 20‑period simple moving average (SMA20). Momentum remains strong, yet the relative strength index (RSI) sits at 62.5, well below over‑bought territory. The MACD line staying below its signal line indicates a need for caution in the near term. While the news may be viewed positively, its impact is likely to be limited and volatile. Overall, a modest upward trend is anticipated.

China's suspension of additional tariffs on the US is positive news that eases trade tensions in the short term and could support risk appetite. However, 9988.HK has already risen nearly 8% in 24 hours, and with an RSI of 55, it is not in overbought territory, leaving limited further upside potential. The MACD is below its signal line (1.08 < 1.47) and the price is just below the SMA20, so momentum is not yet clearly confirmed. The news may be largely priced in; therefore, I see the direction as upward but cautious. In the short term, holding above the 105 level and volume confirmation will be critical.