According to a report from Jin10 on May 13, Nomura released a research report stating that the announcement of a tariff agreement between China and the United States came as a surprise to the market. Although investors have recently anticipated a reduction in tariffs, Nomura believes that the cut is much greater than expected. Global stock markets have also "let out a sigh of relief," and it is expected to become a supporting factor for positive risk appetite in the near term, raising the rating of Chinese stocks to "tactical overweight."

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