GMT EIGHT - OPPORTUNITIES IN CHINA

US Stock Market Move | Forbright (FRBT.US) enters the US stock market and the stock price rises by more than 1% after opening.

As of press time, the stock has risen more than 1%, to $18.19.

Clear future financing arrangements ease market concerns. Bond prices rose across the board as Oracle Corporation (ORCL.US) stock price fell sharply.

The stock and bond markets in the oracle bone script show rare differentiation.

US Stock Market Move | Lithium mining stocks are generally up. Sociedad Quimica y Minera de Chile S.A. Sponsored ADR Pfd Series B (SQM.US) rose more than 6%.

On Thursday, lithium mining stocks generally rose, with Sigma Lithium (SGML.US) up nearly 8%, Chemicals & Mining of Chile (SQM.US), and Albemarle of the United States (ALB.US) up over 6%.

US Stock Market Move | Optical communication concept stocks have mixed performance, Credo Technology (CRDO.US) rose more than 10%.

On Thursday, stocks related to optical communications concept showed mixed movements, with Credo Technology (CRDO.US) rising more than 10%.

Microsoft Corporation (MSFT.US) Is Co-pilot falling behind competitors? Faurore: Product capabilities significantly improved, commercial progress may exceed expectations.

The latest research report released by BNP Paribas of France believes that the view that Microsoft's Copilot lags behind in generative artificial intelligence competitions may already be outdated.

US Stock Market Move | SanDisk (SNDK.US) rises more than 6% as concerns about the diversion of funds from the super IPO ease.

On Thursday, SanDisk (SNDK.US) rose more than 6%, closing at $1750.47.

$1.8 trillion valuation sparks controversy on Wall Street: SpaceX cannot be measured by traditional industry standards.

With only one day left before the largest IPO in the history of the global capital markets, Wall Street is trying to answer a seemingly simple yet incredibly complex question: Should SpaceX be viewed as a space company, a telecommunications company, or an artificial intelligence company?

US Stock Market Move | Chip stocks rose across the board, with American semiconductor company AMD (AMD.US) rising over 5%.

On Thursday, chip stocks surged, Intel (INTC.US) rose nearly 10%, while US-based Advanced Micro Devices (AMD.US) and SanDisk (SNDK.US) both rose more than 5%.

New high since February! The number of initial claims for unemployment benefits in the United States has risen to 229,000, with hidden worries in the resilience of the labor market.

Data released by the US Department of Labor on Thursday shows that the number of initial claims for unemployment benefits unexpectedly rose to the highest level since February last week, which may reflect the common fluctuations seen during school summer holidays and holidays.

US Stock Market Move | Oracle Corporation (ORCL.US) plunged over 12% as capital expenditure exceeded expectations and a massive financing plan raised concerns.

On Thursday, Oracle (ORCL.US) plummeted more than 12%, closing at $176.80.

In May, the overall PPI in the United States saw the largest increase in over three years. Inflation rising, testing Powell's first interest rate decision.

With the energy prices skyrocketing due to the Middle East conflict, inflationary pressures have continued to rise, leading to the fastest pace of increase in the US May PPI in over three years.

US Stock Market Move | Intel Corporation (INTC.US) rose more than 7% as Bank of America Merrill Lynch upgraded its rating to "buy".

On Thursday, Intel (INTC.US) rose more than 7% to $115.23.

Adobe (ADBE.US) earnings report before AI anxiety heavily burdens software stocks: Wall Street cautious of new wave of selling frenzy.

Recently, the rise in software stocks has been proven to be temporary. Due to lingering concerns about the disruptive effects of Artificial Intelligence (AI), investors are preparing for a new round of selling.

Century IPO triggers "stock swap" selling pressure! US stock retail investors crazy "pumping" chip stocks, hoarding funds to buy SpaceX(SPCX.US)

Retail investors are selling off large-cap tech stocks to raise funds to buy SpaceX shares.

The Dow Jones Industrial Average rose 0.11% at the opening, the Nasdaq rose 0.56%, and the S&P 500 rose 0.28%. Leading technology stocks Intel rose 6.05%, American chipmaker AMD rose 2.03%, and Tesla rose 1.75%. The Nasdaq China Golden Dragon Index fell 0.6%, Alibaba fell 3.02%, and XPeng Group fell 2.69%.

For the first time in three years! The European Central Bank raised interest rates as inflation heats up, reiterating that it will not pre-commit to future policy paths.

The European Central Bank raised interest rates by 25 basis points as scheduled on Thursday, raising the deposit facility rate from 2% to 2.25%. This is the first rate hike by the central bank in three years.

The chief commercial officer of stablecoin giant Tether has resigned.

On June 11th, it was reported that Tether's Chief Commercial Officer Benjamin Habbel has resigned. He had only been with the company for nine months and during that time, he was responsible for driving the expansion of the company's business and investment portfolio. Habbel stated in an email that he will be returning to Limestone Capital, a private equity firm that he co-founded, to serve as a managing partner.

FTSE Russell will launch the Russell 9000 Global Index.

Market news: Google is considering Samsung as a key supplier for its Icefish AI chip.

Data center battery manufacturer ZincFive plans to go public by backdooring, with a pre-transaction valuation of $600 million.

Data center battery manufacturer ZincFive has agreed to go public through a merger with a blank check company (SPAC) backed by SparkLabs Group, with a pre-money valuation of $600 million before the deal.

Maotai of Guizhou: appointing Chen Hua as Chairman of the Board and hiring several senior executives.

Guizhou Maotai announced that at the first meeting of the fifth board of directors in 2026, Chen Hua was elected as the chairman, Wang Li was appointed as the acting general manager, Tu Huabin, Xiang Ping, Zhong Zhengqiang, and Zhang Xu as vice general managers, Yu Siming as the chief financial officer and secretary of the board of directors. The meeting also reviewed and approved matters such as repurchasing and cancelling shares and handling business registration.

According to reports, the proportion of shares allotted to international investors in SpaceX's IPO this time is less than 10%, while the proportion allotted to individual investors is no less than 20%; the size of orders from individual investors has already exceeded 70 billion US dollars.

51 billion US dollars merger! Dana Incorporated (DAN.US) teams up with Eaton Corp. Plc (ETN.US) to create a global powerhouse in powertrain systems, with annual revenue aiming for 11 billion US dollars.

Dana announces that it has agreed to merge with Eaton's mobile business. This $5.1 billion deal will create a global powertrain leader focused on commercial vehicles and light vehicles.

Selected Announcement of A-share Market | WuXi AppTec (603259.SH): First repurchase of about 100 million yuan, cumulative repurchase of 1.035 million shares.

WuXi AppTec announced that it will repurchase approximately 100 million yuan for the first time, with a total repurchase of 1,035,000 shares.

US May PPI month-on-month 1.1%, expected 0.7%, previous value revised from 1.4% to 1.1%. US May PPI year-on-year 6.5%, expected 6.4%, previous value revised from 6.0% to 5.7%.

In the United States, the number of initial jobless claims for the week ending June 6th was 229,000, higher than the expected 219,000 but lower than the previous value of 225,000.

Xiaomi releases and open sources exploratory AI programming assistant.

Lei Jun announced that Xiaomi has released and open-sourced an exploratory AI programming assistant - MiMo Code, marking its first entry into the Coding Agent field. MiMo Code is based on the open-source project OpenCode and features support for persistent memory systems, unlimited context, model agent collaborative optimization, and an original Compose mode.

SpaceX IPO prices the last heavy news! It is rumored that Musk will airdrop at the closed-door summit of ASML Holding NV ADR (ASML.US), revealing the "chip empire" Terafab.

Musk will discuss the Terafab chip factory plan at the Asmai Technology Conference.

Space stocks collectively "take off" in pre-market trading! The market bets on SpaceX's blockbuster IPO, igniting expectations with four times oversubscription.

With the SpaceX (SPCX) largest IPO in history entering the countdown, market funds are pouring into the space economy sector ahead of time, with several related stocks significantly rising during Thursday's pre-market trading session.

EU Fifth Country! Belgium approves Tesla, Inc. (TSLA.US) supervised version of FSD approval pace continues to accelerate.

Tesla (TSLA.US) has received approval for its supervised version of the Full Self-Driving (FSD) system to be used in Belgium.

Preview of US Stock Market | The three major stock index futures rose together, with space and chip stocks rising. Oracle fell sharply after its performance, with the U.S. May PPI set to be announced.

Before the US stock market opening on Thursday, June 11th, futures of the three major US stock indexes are rising.

General Motors Company (GM.US) battery strategy shifting: LMR replacing LFP as the main force, diverging from Tesla, Inc.'s route.

Foreign media quoted Kurt Kelty, General Motors' battery technology chief, as stating that General Motors is reassessing its future electric vehicle battery chemistry route, and may place nickel-manganese-rich (LMR) technology above lithium iron phosphate (LFP).

The Ministry of Industry and Information Technology and the State Administration for Market Regulation met with and reminded automotive production enterprises suspected of engaging in irrational competition.

The Ministry of Industry and Information Technology and the State Administration for Market Regulation conducted talks and warnings with automobile production enterprises suspected of engaging in irrational competition behavior.

Post-performance share price decline weakening fundamentals! Morgan Stanley dissects Planet Labs PBC (PL.US) short-term negatives, sovereign satellite demand supporting imagination space.

Morgan Stanley reiterated its "equal weight" rating on the earth imaging company Planet Labs PBC (PL.US), with a target price of $35.

Bank Indonesia, the Hong Kong Monetary Authority, and the People's Bank of China signed a memorandum of cooperation to promote bilateral clearing of the Indonesian Rupiah and offshore Renminbi.

Based on the memorandum of cooperation, a bilateral currency trading framework will be established to facilitate direct exchange and settlement in Indonesian Rupiah and offshore Renminbi between Indonesian and Hong Kong businesses and institutions in cross-border trade and investment, thereby enhancing the efficiency of cross-border transactions and promoting wider use of regional currencies.

Two departments held a meeting to remind the car manufacturing companies suspected of engaging in irrational competition.

On June 11th, the Ministry of Industry and Information Technology and the State Administration for Market Regulation held talks with automobile production companies suspected of engaging in irrational competition behavior, reminding them to strictly comply with the "People's Republic of China Price Law" and regulations on preventing low-price dumping behavior, as well as the "Automobile Industry Price Behavior Compliance Guidelines." They were required to strengthen price compliance construction, enhance product quality control, effectively protect consumers' legitimate rights and interests, and collectively uphold the market order of high quality, fair price, and healthy competition.

The National Bureau of Statistics held a seminar on "Improving Data-Related Regulations to Empower the Innovation and Development of Artificial Intelligence".

On June 4th, Liu Liehong, Secretary of the Party Group and Director of the National Bureau of Statistics, presided over a symposium on "Improving Data-related Rules to Empower the Innovation and Development of Artificial Intelligence."

Li Qiang presided over the executive meeting of the State Council, which reviewed and approved the "13th Five-Year Plan for Building a Beautiful China".

The National Bureau of Statistics held a seminar on "Improving Data-Related Rules to Empower the Innovation and Development of Artificial Intelligence."

On June 4, Liu Liehong, Secretary of the Party group and Director of the National Bureau of Statistics, presided over a seminar on "Improving Data-Related Rules to Empower the Innovation and Development of Artificial Intelligence." Everyone agreed that it is necessary to adhere to coordinating the development and security of data, adhere to goal-oriented and problem-oriented approaches, deepen the reform of market-oriented allocation of data elements, better adapt to the needs of artificial intelligence development, improve data-related institutional rules with greater intensity, build a high-quality data supply system for artificial intelligence development, further unleash the value of data elements, and achieve new results in promoting the empowerment of artificial intelligence innovation and development with data elements.

BHP Group Ltd Sponsored American Depositary Receipt Repr 2 Shs (BHP.US) - Hundreds of employees at the Port Hedland vote in favor of strike, Global iron ore exports at risk Hub Group, Inc. Class A.

Two Australian unions said on Thursday that hundreds of BHP workers at the port of Hedland in Western Australia have voted to take strike action. This increases the risk of disruption to the transportation of iron ore, one of the world's largest iron ore export hubs.

Samsung faces a sudden raid for suspected insider trading.

Yonhap News Agency cited judicial sources as saying that the South Korean prosecution has conducted a surprise search on Samsung Electronics headquarters. The case involves suspicions that employees of its subsidiary Rainbow Robotics illegally profited from using insider information during Samsung's acquisition of the company. The report stated that investigators from the Southern District Prosecutor's Office in Seoul went to Samsung Electronics headquarters in Suwon to carry out the search and seizure operation. The financial regulatory department has transferred 16 related individuals including the president and chief financial officer of Rainbow Robotics to the prosecution. The individuals involved are suspected of making illegal profits of approximately 30 to 40 billion Korean won by using insider information during Samsung's acquisition of the company from 2022 to 2024.

Hong Kong Stock Exchange: Liuliu Mei (06658) and CHINA INFO TECH Equity (08565) have been accepted for settlement, clearing, and deposit in the Central Clearing and Settlement System.

On June 11th, the Hong Kong Stock Exchange announced that Lychee (06658) and China Information Technology Equity (08565) have been admitted to conduct settlement, delivery, and deposit within the Central Clearing and Settlement System.

Shanghai and Shenzhen Stock Exchanges announce the market closure arrangements for the Dragon Boat Festival in 2026.

Shanghai Stock Exchange now announces the closing schedule for the Dragon Boat Festival in 2026 as follows: 1. Closing schedule: The market will be closed from June 19th to June 21st, and will resume normal trading on June 22nd. 2. Relevant clearing matters will be handled according to the arrangement of China Securities Depository and Clearing Corporation Limited.

Morgan Stanley views AI cloud newcomer Nebius (NBIS.US) as "neutral": Customer demand far exceeds supply, and a shortage of computing power is hindering growth.

Morgan Stanley recently released a research report on Nebius Group (NBIS.US) AI cloud business, giving the stock a "neutral" rating and industry as a whole is considered attractive, with a target price of $144.

Northbound funds | Beishui net sold 2.754 billion, Beishui continued to scramble to build the Tao series, with a total net purchase of nearly 6 billion Hong Kong dollars this week.

On June 11, the Hong Kong stock market saw a net sale of 2.754 billion Hong Kong dollars by Northbound investors. Of this, the Shanghai-Hong Kong Stock Connect had a net sale of 420 million Hong Kong dollars, while the Shenzhen-Hong Kong Stock Connect had a net sale of 2.335 billion Hong Kong dollars.

Institution alert! Britain to usher in "Super Thursday" next week: political by-elections may trigger a 3 trillion bond market, British bond "Brexit-style PTSD" reappears.

British government bond traders are on high alert, closely watching the competition between Burnham and Stamer for the position.

CSRC: Approved the registration of Quantum Technology Co., Ltd.'s initial public offering of shares.

Seven third-party platforms such as Ctrip and Meituan involved in the sale of train tickets were interviewed.

On June 11th, the State Administration for Market Regulation, together with the Cyberspace Administration of China and the National Railway Administration, lawfully interviewed seven third-party platform companies including Ctrip, Tongcheng, Qunar, Fliggy, Meituan, 12306 train ticket, and High-Speed Rail Manager, regarding their improper promotion of "standby help snatch" and paid seat selection services, improper inducement of users to "buy long ride short" or "buy short ride long", improper collection and use of personal information of platform users and other irregular business practices. They required relevant companies to strictly comply with the laws and regulations such as the Anti-Unfair Competition Law of the People's Republic of China, the Consumer Rights Protection Law of the People's Republic of China, the E-Commerce Law of the People's Republic of China, and the Personal Information Protection Law of the People's Republic of China, to implement their main responsibilities, comprehensively regulate the sales and operation of train tickets, jointly maintain order in the railway ticket market, and safeguard the legitimate rights and interests of consumers. The State Administration for Market Regulation and other departments will increase supervision and law enforcement efforts, and if any suspected illegal activities are discovered, they will be strictly dealt with in accordance with the law.

The oil market withstands the biggest supply shock in history! Middle Eastern oil "sneaks" through the Strait of Hormuz but the disappearing inventory cushion is increasing the risk of oil price rebound.

A series of alternative solutions are helping to keep international oil prices below $100 per barrel. Among them, an increasing number of Gulf energy-producing countries are using covert ways to transport crude oil and other energy products to the international market, helping to alleviate supply shocks.

The nominal value of construction projects completed by major contractors in Hong Kong in the first quarter totaled HK$72.7 billion, an increase of 2.9% year-on-year.

The Census and Statistics Department of the Hong Kong Special Administrative Region Government announced today (June 11) the interim results of the quarterly survey on completed construction works.

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Spot silver breaks through $66 per ounce, up 4.13% intraday.

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