On Wednesday local time, the market focused on the progress of U.S.-China trade negotiations and The Federal Reserve (FED) interest rate decision. At the invitation of the U.S. side, high-level economic and trade talks between China and the U.S. are about to begin, which boosted market confidence. In addition, after the FED concluded its monetary policy meeting that day, it decided to remain "on hold," a decision that met market expectations. FED Chairman Powell reassured the market, stating that the U.S. economic fundamentals remain robust and that the FED would not act rashly due to trade policies. After Powell's remarks, the S&P 500 index fluctuated upward, shifting from a fall to a rise, with all three major U.S. stock indexes closing higher on Wednesday. By the end of the day, the Dow Jones Industrial Average rose 0.70%, the S&P 500 index rose 0.43%, and the Nasdaq rose 0.27%.