BS CSI Chengdu-Chongqing Economic Circle Component ETF(159623.SZ)

US House panel advances bill to give Congress authority over AI chip exports

The U.S. House Foreign Affairs Committee has advanced the AI Overwatch Act, granting Congress authority over AI chip exports, particularly to China. This follows President Trump's approval of Nvidia's H200 chip exports. The bill allows Congress 30 days to review export licenses for advanced AI chips. Despite pushback from White House AI czar David Sacks and a social media campaign against it, supporters argue it is crucial for national security. Critics label it as a pro-China sabotage effort. The bill still requires approval from the full House and Senate.

12:11 ET Wearable Fall Detector Market Set to Reach USD 3.7 Billion by 2035, Driven by Aging Population and AI-Enabled Wearables

The global wearable fall detector market is projected to grow from USD 1.9 billion in 2025 to USD 3.7 billion by 2035, with a CAGR of 6.6%. Growth is driven by an aging population, preference for home care, and increased adoption of health-monitoring wearables. The wristband segment leads with a 38% market share, while home care applications account for 54%. Key growth markets include China and India, with major players like Philips and Apple. The market will experience phases of strong adoption, moderation, and innovation-driven rebound through 2035.

The NASDAQ Golden Dragon China Index rose over 2.1% at the beginning of the trading session

Global news you need to know before the U.S. stock market opens on Wednesday

The Ministry of Industry and Information Technology has launched the second phase of 6G technology testing, with AI penetrating 70% of smart factory scenarios. Trump claims that U.S. inflation has been defeated, expecting a 5.4% economic growth in the fourth quarter. The South Korean president responded to chip tariff threats, stating that tax increases will be paid by Americans. Japan's second-largest bank is preparing to buy the dip, while Qatar's $580 billion sovereign fund is contemplating a restructuring. Bridgewater's China return rate is expected to reach 45% by 2025, with assets under management of $60 billion. PDD rose 7% in pre-market trading, U.S. stock index futures all rose, and Japanese bonds rebounded

USTR says he doesn't know if comprehensive trade deal with China will happen -Fox Business interview

U.S. Trade Representative Jamieson Greer expressed uncertainty about achieving a comprehensive trade deal with China during a Fox Business interview. He emphasized the importance of managing the U.S.-China relationship, suggesting that multiple agreements may be necessary. Greer noted that the U.S. is actively monitoring trade with China, indicating positive trends in agricultural goods sales.