Trump said U.S.-Iran talks are progressing "very well" and that "we will know the result — within 48 hours." He said both sides are in active discussions and that the decisive factor is whether an agreement can be reached.

China Merchants Securities review of nine major A‑share drawdowns since 2015 finds sharp falls usually triggered by external shocks or liquidity stress; stabilization has historically been marked by policy response. Post‑adjustment mean rebound window is 34 trading days; Wind All‑A average bounce exceeds 19%, with larger prior declines tending to produce bigger recoveries. Sector rotation is two‑phased: first 10 trading days led by high‑beta, oversold names (electronics, computers/TMT); between 20–60 trading days the market reverts to earnings‑supported leaders (power equipment, food & beverage). Recommended two‑step positioning for the current leg: early allocation to oversold, high‑elasticity TMT (priority on onshore and offshore compute‑capacity leaders); after ~10–20 trading days shift toward earnings/rebalancing exposure — focus on power equipment, specialty pharmaceuticals/chemicals, coal and non‑bank financials. Tradeable themes: beneficiaries of rising overseas compute pricing, domestic compute hardware elasticity, and gold for hedge/rebalancing. Overall portfolio framework: technology innovation, corporates expanding abroad, and rebalancing into undervalued traditional sectors.

SpaceX(SPCX.O)：確認三顆BlueBird衛星全部部署完成。