US Stock Market Move | Popular Chinese concept stocks collectively strengthen: Futu Holdings Ltd. Sponsored ADR Class A (FUTU.US) rose more than 5%.

On Monday, the Nasdaq Golden Dragon Index in China rose 1.3% at the opening, with popular Chinese concept stocks collectively strengthening. Silvercorp Metals (SVM.US) rose by more than 12%, Pony.ai (PONY.US), VNET Group, Inc. Sponsored ADR (VNET.US), and Futu Holdings Ltd. Sponsored ADR Class A (FUTU.US) all rose by more than 5%, while PDD Holdings Inc. Sponsored ADR Class A (PDD.US) and Baidu Inc Sponsored ADR Class A (BIDU.US) rose by nearly 2%, and Alibaba Group Holding Limited Sponsored ADR (BABA.US) rose by nearly 1%. On the news front, there is a turning point in the Iran situation. Trump tweeted on social media on the 14th, saying the US-Iran agreement is "now completed," and he has "authorized" the Strait of Hormuz to be "freely opened," as well as the immediate removal of relevant blockades by the US Navy. Once the agreement is officially signed on June 19, the Strait of Hormuz will be "reopened" on that day. Trump said, "Ships of all countries, start your engines. Let the oil flow!" Market analysis believes that with the expectation of the reopening of the Strait of Hormuz, international oil prices have plummeted significantly, alleviating market concerns about the Fed raising interest rates. The 2-year US Treasury yield, which is more sensitive to Fed policy expectations, fell to 4.02% at one point during the day. Morgan Stanley said that the Iran agreement may undo bets in the bond market on the Fed raising interest rates.