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According to AXIOS: Two U.S. officials stated that negotiators from the United States and Iran have reached an agreement on a 60-day memorandum of understanding to extend the ceasefire and initiate talks regarding Iran's nuclear program, but President Trump has not yet given final approval.
On May 28, according to CCTV Finance, the 2026 Global Investors Conference was held today at the Shenzhen Stock Exchange in Guangdong, Shenzhen. Executives from stock exchanges in multiple countries, including Singapore, Thailand, Malaysia, Luxembourg, and the UAE, gathered in Shenzhen to witness new progress in the high-level opening of China's capital market. Liu Haoling, Vice Chairman of the China Securities Regulatory Commission, pointed out that the comprehensive reform in the investment and financing sector of China's capital market is advancing steadily, with results continuously emerging. Currently, the overall market valuation is within a reasonable range, and the willingness of foreign investors to allocate to high-quality Chinese assets is steadily increasing. Since the beginning of this year, foreign capital has been steadily flowing into the A-share market through multiple channels. At this stage, the market capitalization of A-shares held by foreign investors has exceeded 4 trillion yuan, making foreign capital a crucial participant in China's capital market.
The U.S. stock market opened with mixed results among the three major indices. The Dow Jones Industrial Average fell by 0.06%, the S&P 500 dropped by 0.47%, while the Nasdaq rose by 0.04%. HP Inc. (HPQ.N) saw an increase of over 3% after exceeding expectations in its second-quarter earnings. Meanwhile, Li Auto (LI.O) declined by more than 4%, reporting an 11% year-on-year decrease in Q1 revenue.
On May 28, American media outlet CNN filed a lawsuit against Perplexity, accusing the AI company of illegally copying and distributing CNN's content. This lawsuit, initiated on Thursday, adds to a series of legal actions taken by publishers such as The New York Times against generative AI startups. However, this marks CNN's first lawsuit regarding AI copyright issues and is believed to be the first such action taken by a television network.
On May 28, the Nasdaq China Golden Dragon Index fell over 1%. Haidilao International fell by 5.45%, Li Auto dropped by 3.30%, Lexin fell by 4.08%, Kingsoft Cloud decreased by 4.04%, and Xinyi Technology declined by 2.91%.
Market data shows that AAVE has fallen below $80, currently priced at $79.99, with a 24-hour decline of 5.95%. The market is experiencing significant volatility, so please ensure proper risk management.
Market data shows that BTC has fallen below $73,000, currently priced at $72,988, with a 24-hour decline of 3.09%. The market is experiencing significant volatility, so please ensure proper risk management.
On May 28, Fed's Williams stated that the war in the Middle East is driving up inflation, and the impact of soaring energy prices is expected to be short-term. The inflation shock may peak in the coming months.
On May 28, U.S. Treasury Secretary Benson stated that the U.S. Treasury continues to carry out economic strikes against the Iranian regime. The Iranian military is not being paid, police are not on duty, and Hark Island has been closed. Iran's economy and currency are in free fall. Sanctions have been imposed on the Iranian Strait of Hormuz Authority.
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