原油主力 (INE_SC) 加自选

中国商务部：中美保持沟通。中国商务部在周四的一份声明中表示：“中美两国利用多边和双边场合保持各级沟通。”

Chinese Commerce Ministry: China, US have maintained communications.Chinese Commerce Ministry said in a statement on Thursday, “China and US have used multilateral and bilateral occasions to maintain communications at various levels.”

中国重申自日内瓦会谈以来一直与美国保持沟通。好吧，他们会对法院关于互惠关税的最新裁决感到高兴。但同样，部门关税仍然适用，你可以肯定地打赌，特朗普也会通过非关税措施继续施加压力。

China reaffirms having maintained communications with US since Geneva talks.Well, they'd be pleased by the latest court decision on the reciprocal tariffs. But again, sectoral tariffs are still applicable and you can definitely bet that Trump will keep the pressure up via non-tariff measures too.

在中国，上海综合指数周四上涨25点，涨幅0.75%。涨幅最大的是中航航空发动机（4.28%）、爱信诺（3.90%）和用友软件（2.78%）。亏损最大的是内蒙古伊利实业集团（-1.71%）、佛山海天（-1.67%）和中国国航（-1.23%）。

In China, the Shangai Composite Index went up by 25 points or 0.75 percent on Thursday. Top gainers were Avic Aviation Engine (4.28%), Aisino (3.90%) and Yonyou Soft (2.78%). Biggest losses came from Inner Mongolia Yili Industrial Group (-1.71%), Foshan Haitian (-1.67%) and Air China (-1.23%).

周四，中国10年期政府债券收益率升至1.72%左右，延续了前一交易日的涨幅，此前法院对美国总统唐纳德·特朗普的贸易措施做出了关键裁决。位于曼哈顿的美国国际贸易法院裁定，特朗普在征收所谓的“解放日”进口关税时越权。法院下令撤销并永久阻止这些关税，这标志着政府激进的贸易立场在法律上遭遇了重大挫折。与此同时，美国实施了更严格的出口管制，有效地限制了一些美国公司向中国出售关键技术。这些事态发展发生之际，长期存在的美中贸易战出现了脆弱的停顿，两国最近都同意部分降低关税。在国内方面，交易员现在将注意力转向即将公布的PMI数据，以进一步了解世界第二大经济体的健康状况。

China’s 10-year government bond yield rose to around 1.72% on Thursday, extending gains from the previous session following a key court ruling on US President Donald Trump’s trade measures. The US Court of International Trade in Manhattan ruled that Trump had exceeded his authority in imposing the so-called "Liberation Day" import tariffs. The court ordered these tariffs to be vacated and permanently blocked, marking a significant legal setback for the administration’s aggressive trade stance. Meanwhile, the US imposed tighter export controls, effectively restricting some American firms from selling key technologies to China. These developments come amid a fragile pause in the long-running US-China trade war, with both countries having recently agreed to a partial reduction in tariffs. On the domestic front, traders are now turning their attention to upcoming PMI data for further insights into the health of the world’s second-largest economy.