On August 4, 2025, major Chinese A-share indexes, including the Shanghai Composite, Shenzhen Component, and ChiNext, closed higher with gains of 0.66%, 0.46%, and 0.5% respectively, reversing initial losses at the open. The Hang Seng Index and Hang Seng Tech Index in Hong Kong also ended the day up by 0.92% and 1.55%, with notable rises in semiconductor stocks such as Hua Hong Semiconductor and SMIC. Trading turnover on the Shanghai and Shenzhen exchanges surpassed 1 trillion yuan for the 48th consecutive day, despite net southbound selling through the Stock Connect reaching HKD 10 billion. Meanwhile, U.S. stock markets opened higher and extended gains throughout the day, with the S&P 500 rising up to 1%, the Nasdaq 100 advancing 1.5%, and the Dow Jones increasing by 1%. These gains came amid renewed hopes for interest rate cuts following a weak U.S. jobs report that led to a reassessment of the Federal Reserve's rate outlook and concerns about the reliability of U.S. economic data. The market rebound followed a selloff driven by tariffs and jobs data in the previous week.