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China's stock market soars while US faces tariff and Fed uncertainty

China's A-share market reached a historic milestone, surpassing 100 trillion yuan ($13.9 trillion) in market capitalization, driven by gains in key indices and strong performances in sectors like AI and digital transformation. Foreign investors remain bullish, with QFIIs increasing holdings in sectors such as tech, biotech, and consumer goods, while institutions like Goldman Sachs and UBS highlight China’s growth potential, particularly in AI and undervalued stocks. Meanwhile, global attention turns to Fed Chair Jerome Powell’s final Jackson Hole speech amid tensions with President Trump over rate cuts and inflation concerns, as expanded US tariffs on steel and aluminum raise costs for American consumers, exacerbating inflationary pressures.

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