Category: Flash News

On April 12th, Ruslan Stefanchyk, the Chairman of the Verkhovna Rada (Parliament) of Ukraine, stated on April 11th local time that due to the lack of provisions in the current Ukrainian constitution for elections held after the end of wartime, the Ukrainian parliament is working on formulating specialized laws to regulate the election process after the end of wartime. Stefan Chuk revealed that the Ukrainian parliament has initiated legislative preparations and has met with the chairman of the Central Election Commission to discuss updates to the voter registration system. Stefan Chuk also emphasized that Ukraine’s “Election Law” and “State of War Law” clearly stipulate that elections will not be held during wartime, and some political parties and politicians’ statements about elections are baseless. He stated that Ukraine will comply with current legislation and may only initiate various election procedures after the state of war has completely ended.

On April 11th, according to the South Korean Joint Staff Headquarters on the morning of April 11th local time, at around 4:30 pm on the 10th, an unexplained wildfire broke out in the Korean Han Fei Military Zone in the area of Gaocheng County, Gangwon Province. The South Korean Forest Agency deployed two firefighting helicopters to carry out firefighting operations from 6:30 am on the 11th. The military stated that as of now, there have been no reports of casualties or damage to facilities from the South Korean side. The South Korean Joint Staff Headquarters stated that firefighting operations south of the military demarcation line between North and South Korea are proceeding smoothly. The South Korean side also maintains vigilance and closely monitors the movements of North Korea.

On April 11th, Venezuelan Vice President Delcy Rodr í guez delivered a speech in the Venezuelan National Assembly, strongly criticizing US President Trump’s global tariff policy. She accused the United States of attempting to control the world through an “unprecedented global trade war,” calling this policy “doomed to fail. Rodriguez pointed out that the United States has “ignored” international trade relations and relevant international laws and implemented a “clearly irrational” policy, whose “main victims” will be the American people.

On April 11th, a research report by China International Capital Corporation (CICC) pointed out that both core and overall CPI inflation in the United States fell in March, both lower than market expectations. The slowdown in inflation indicates that US aggregate demand had already weakened before the arrival of “equivalent tariffs”, such as a significant drop in oil prices, airfare, and hotel prices. The impact of tariff shocks on core commodity prices has not been fully reflected, but this may begin to manifest in the coming months. Looking ahead, we expect a wave of price increases in the United States in the second quarter before demand ultimately suppresses inflation. We expect the Federal Reserve to continue to remain cautious and not cut interest rates in the short term. Restarting interest rate cuts may occur in the third quarter.

On April 11th, a study released by the Yale University Budget Lab showed that tariffs would cause an average loss of $4400 for American households. Researchers indicate that the overall average effective tariff rate faced by American consumers is 25.3%, the highest level since 1909. The report shows that in the long run, the US economy will continue to shrink by 0.6%, equivalent to a reduction of $160 billion per year. In addition, by the end of 2025, the unemployment rate will increase by 0.5 percentage points and the number of job opportunities will decrease by 700000.

On the second day of the annual first meeting of the World Trade Organization Council for Trade in Goods, the United States added the issue of “equivalent tariffs” under “other matters”, promoting its robber logic of implementing so-called “equivalent tariffs”. The Chinese side firmly retaliated by stating that it clearly stated its position on the so-called “equivalent tariffs” at the meeting the day before yesterday. China deeply regrets the unilateral escalation of trade measures by the United States, which has dragged the global economy into great uncertainty. The accidents and turbulence created by the US on a daily basis are eroding the stable environment that businesses and all members of various countries, especially developing members, rely on for development. China firmly opposes the generalization and abuse of national security. China reiterates the view in the Chinese Government’s Position against US Tariff Abuse that “China is a country with an ancient civilization and a country of etiquette. The Chinese people advocate honesty and trust. We do not cause trouble, nor are we afraid of trouble. Pressure and threats are not the right way to deal with China”. The Chinese side firmly believes that trade differences among members must not be used as an excuse for taking unilateral measures and launching tariff wars. There is no winner in a trade war. The Chinese side attaches great importance to the multilateral trading system with the World Trade Organization as its core, and supports Director General Ibiza’s call that “the World Trade Organization is an important platform for dialogue. Solving problems within the framework of cooperation is crucial.

On April 11th, the People’s Daily reported that the United States’ “tariff blackmail” seriously disrupts the stability of the global industrial and supply chains, distorts the allocation of global market resources, and harms others without benefiting oneself. The US government is attempting to force the manufacturing industry to return through tariffs, but in fact, tariffs will be transmitted through the industrial and supply chains, exacerbating the risks of supply chain disruptions and industrial hollowing out. This not only makes it difficult to revive the manufacturing industry, but also weakens its industrial foundation. History and reality have shown that a rules based multilateral trading system is in line with the common interests of all countries. Unilateralism and protectionism undermine global industrial chains, supply chains, and value chains, threatening the stability and development of the world economy. Faced with common challenges such as weak global economic growth, China and the United States, as the top two economies in the world, particularly need to view each other’s development as opportunities rather than challenges, treat each other as partners rather than rivals, shoulder the responsibility of major powers to maintain the stability of the global industrial and supply chains, make the global industrial and supply chains more resilient, efficient, and dynamic, and inject certainty into the development of the world economy.

On April 11th, private equity securities investment funds are actively increasing their holdings of Chinese assets. Several leading private equity firms have increased their investment efforts and actively laid out high-quality companies in high-quality industries. Private equity firms such as Kuande Investment and Yinuo Investment have purchased their own multi strategy products at low prices. In the eyes of industry insiders, based on the continuous efforts of policies, the unchanged trend of economic recovery, and the still surging technology wave, institutional funds are expected to accelerate their influx into A-shares and Hong Kong stocks in the future.

On April 11th, the front page of the Shanghai Stock Exchange reported that the Chinese capital market welcomed a “sunny day” on April 10th. The A-share market operated strongly throughout the day, with major stock indices all trending red. The Shanghai Composite Index closed at 3223.64 points, with a daily increase of 1.16%, successfully recovering the integer level of 3200 points; The Shenzhen Component Index and ChiNext Index rose 2.25% and 2.27% respectively, with the Northbound 50 Index leading the way with a 4.86% increase. Over 4900 individual stocks in the entire market are trending red. Analysts believe that extreme pessimism has been released, and the expectation of continuous implementation of stable growth policies will continue to support the emotional recovery of the A-share market. Standing at the 3200 point mark of the Shanghai Composite Index, looking back at the impact of external tariffs, the “confidence defense war” launched by policy forces, financial institutions, and industrial capital sends a clear signal to global investors that the value logic of Chinese assets will not be shaken by external disturbances.

① 14:00 Final value of March CPI monthly rate in Germany, February three-month GDP monthly rate in the UK ② 15:00 Swiss March consumer confidence index ③ 17:45 European Central Bank President Lagarde delivers speech ④ 20:30 US March PPI annual rate ⑤ 22:00 US April one-year inflation rate expectation initial value, US April University consumer confidence index initial value ⑥ 22:00 Federal Reserve Musalem delivers speech ⑦ 23:00 Federal Reserve Williams delivers speech