GMT EIGHT - OPPORTUNITIES IN CHINA

AI computing power demand continues to be hot! Amazon.com, Inc. (AMZN.US) Cloud computing business AWS once again raised GPU capacity reservation service prices.

Amazon's cloud computing business AWS announced that it will increase the prices of machine learning-specific EC2 Capacity Blocks reserved capacity services starting from July 1st, involving multiple cloud computing instances equipped with NVIDIA GPUs.

US Stock Market Move | The concept stock of optical communication is falling across the board, with Lumentum (LITE.US) dropping over 9%.

On Friday, stocks related to the concept of optical communication plummeted, with Lumentum (LITE.US) falling more than 9%.

US Stock Market Move | Popular Chinese concept stocks have risen across the board, with shares of CHA.US rising more than 5%.

On Friday, the Nasdaq Golden Dragon China Index rose by 1.05%, popular Chinese concept stocks generally rose, NetEase (NTES.US) rose by over 6%, and HUYA Inc. (CHA.US) rose by over 5%.

US Stock Market Move | IBM (IBM.US) rose nearly 4% with the launch of the world's first sub-1 nanometer chip manufacturing process technology.

On Friday, IBM (IBM.US) surged nearly 4%, closing at $268.35.

Oppenheimer: Physics AI is expected to become the next growth engine. SpaceX (SPCX.US) target price is $250.

Oppenheimer has given SpaceX a target price of $250, which is significantly higher than its current stock price of around $150, suggesting ample room for growth.

A-share evening hotspots | The heaviest penalty in the history of private equity is released! The CSRC strictly deals with illegal cases of Jiuying Asset and Tengchuang Investment.

Recently, the China Securities Regulatory Commission imposed administrative penalties on Shenzhen Qianhai Jiuying Asset Management Co., Ltd., Shenzhen Qianhai Tengchuang Investment Co., Ltd., and related personnel for illegal and irregular behaviors.

US Stock Market Move | Microsoft Corporation (MSFT.US) rose more than 3%, with major bear Burry actively singing praises.

On Friday, Microsoft (MSFT.US) rose more than 3%, closing at $364.45.

Gasoline prices falling ease inflation pressure, US consumer confidence index rose to 49.5 in June, still at historically low levels.

With the falling gasoline prices easing some household spending pressure, consumer confidence in the United States improved in June.

US Stock Market Move | Circle (CRCL.US) rises nearly 6% and will collaborate with Nomura Securities on stablecoin settlement business.

On Friday, Circle (CRCL.US) rose nearly 6%, closing at $72.86.

US Stock Market Move | Netease Inc Sponsored ADR (NTES.US) rose more than 5% as new game "The Forgotten Sea" is expected to be released in July, potentially becoming a catalyst for the stock price to rise.

On Friday, NetEase (NTES.US) rose more than 5%, closing at $120.97.

The Federal Reserve's policy space is being squeezed again! The unexpected increase in the U.S. goods trade deficit in May reached a one-year high, and the second quarter GDP is feared to be dragged down.

Affected by the increase in imports, the U.S. goods trade deficit expanded significantly in May.

US Stock Market Move | Chip stocks fell in general, with SanDisk (SNDK.US) dropping over 7%.

On Friday, chip stocks fell across the board, with SanDisk (SNDK.US) dropping more than 7% and Western Digital (WDC.US) falling more than 6%.

The Philadelphia Semiconductor Index opened down 4%.

SpaceX (SPCX.US) faces pressure from a large new bond issuance, with spreads widening and book value losses exceeding $300 million.

SpaceX's record-breaking bond issuance is rapidly deteriorating in the secondary market, traders say. There are few recent memories of a trade that has seen such a sharp widening of spreads after listing.

AI trading enters "shift period"! Wedbush and Goldman Sachs both speak up: the chip sector is too crowded, and tech giants see a good opportunity for layout.

Wedbush describes the current market as entering a "fuzzy zone," but at the same time points out that opportunities are emerging. Goldman Sachs also indicates that amid the recent intense volatility in semiconductor stocks, large-cap tech stocks may be becoming a more attractive investment theme in AI.

New Stock News | Fosun Pharma Submits Application to Hong Kong Stock Exchange with Focus on Vaccine Business, No Turnaround in Losses during Reporting Period

According to the disclosure on June 26 by the Hong Kong Stock Exchange, Fosun Pharma (Chengdu) Biotechnology Co., Ltd. has submitted an application for listing on the main board of the Hong Kong Stock Exchange.

A-share announcement selection | WuXi AppTec (603259.SH): Completed repurchase of shares totaling 1 billion yuan at an average repurchase price of 103.08 yuan per share.

Yao Ming Kangde announced that the company completed the share repurchase on June 25, 2026, with a total of 9.7012 million A-shares repurchased through centralized bidding trading, accounting for 0.33% of the company's total share capital, and a total fund of 1 billion yuan (excluding transaction costs).

New stock news | Bonesteel Technology's Hong Kong Stock IPO approved by China Securities Regulatory Commission, adding another benchmark for hard technology going abroad.

With the mutual empowerment of capital and technology, the company will rely on the international capital platform of the Hong Kong stock market to continue deepening the research and development of robot bodies and underlying power technologies, and promote the deep implementation of direct drive technology and wheeled robot technology in the field of embodied intelligence.

OpenAI's first self-developed AI chip makes its debut. Wedbush warns that large-scale commercial use will require multiple rounds of design iteration.

This Wednesday, OpenAI released its first custom AI inference chip, Jalapeo. Wedbush Securities believes that this is just the beginning of its multiple self-developed chips.

Unilever PLC Sponsored ADR (UL.US) is considering a potential $4 billion acquisition of the health supplement giant Thorne as part of its health transformation strategy.

Unilever is considering acquiring health supplement manufacturer Thorne for up to $4 billion.

New stock news | Fosun Antaeus filed with Hong Kong Stock Exchange

According to the Hong Kong Stock Exchange on June 26, Fosun Pharma (Chengdu) Co., Ltd. has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with CICC and Fosun International Capital as its joint sponsors.

Legendary investor Grantham sounds the AI alarm: evacuate from US stocks, an epic crash is imminent.

Legendary investor and co-founder of Boston asset management company GMO, Jeremy Grantham, has once again issued a warning about market bubbles, stating that the current situation is experiencing "the largest bubble in American history".

New stock news: Edtech Technology and Sino Medical Sciences Technology Inc. (688108.SH) and other Hong Kong IPOs have submitted their materials to the China Securities Regulatory Commission.

Yuanxin Technology, AideTai Technology and other Hong Kong IPO materials have been accepted by the China Securities Regulatory Commission.

DraftKings (DKNG.US) launches "Sports + Predictions" super app, seizing the betting opportunities of the World Cup and NFL season.

DraftKings launches "betting + prediction" super app, Wall Street analysts bullish on it.

New stock news | HozTech plans to list on the Hong Kong stock exchange. The China Securities Regulatory Commission requires an explanation on the situation of controlling shareholders' equity held by representatives.

The China Securities Regulatory Commission requires Xia Technology to provide a detailed list explaining the situation of stock rights held in trust by the controlling shareholder in the past. This list should include the names of both parties involved in the trust, the percentage of stock ownership held in trust, the start and end dates of the trust, and whether there are any major ownership disputes concerning the stock rights held by the controlling shareholder.

New stock news | Xintianxia plans to list on the Hong Kong stock market. The China Securities Regulatory Commission requires supplementary explanations on the pricing basis for previous capital increases and equity transfers.

The China Securities Regulatory Commission requires Xintianxia to provide additional explanations on the prices and pricing basis of each previous capital increase and equity transfer, whether there are any abnormal stock entry prices, and whether there is any profit transfer.

New Stock News | Jing Solid Control Plans to List in Hong Kong, China Securities Regulatory Commission Requires Explanation for Withdrawing A-share ChiNext Listing Application

The China Securities Regulatory Commission requires Jian Shi Testing and Control to provide supplementary explanations for the reasons of withdrawing the A-share listing counseling record and submitting the listing application to the Shenzhen Stock Exchange ChiNext board in advance, whether there is any significant impact on the issuance and listing in this case, etc.

New stock news | Jiangsu HSC New Energy Materials (688353.SH) plans to list in Hong Kong. China Securities Regulatory Commission requires supplementary information on the environmental protection situation of the fundraising projects.

The China Securities Regulatory Commission requires Huasheng Lithium Battery to supplement the explanation on whether the existing, under construction, and this fundraising project belong to "high-energy-consuming" and "high-emission" projects, and provide relevant evidence, etc.

Da Sou Che (DSC.US) landed on Nasdaq: From digitalization to AI, 13 years of building China's used car infrastructure.

Da Sou Che is officially listed on the Nasdaq, becoming the first Chinese company in the second-hand car industry to apply AI technology.

New Stock News | New Rayli submitted to the Hong Kong Stock Exchange, ranking first in the Chinese commercial vehicle service market by revenue in 2025.

According to the information from Zhoushi Consulting, based on the income in 2025 and the number of operating stores as of December 31, 2025, New Rui Li ranks first in the Chinese commercial vehicle service market.

Preview of US Stock Market | The three major stock index futures fell together. AI inflation ignited concerns of demand backlash. Storage chip and optical communication stocks fell before market opening.

Before the US stock market opened on Friday, June 26th, futures of the three major US stock indexes all fell.

New Stock News | Wohler Bohringer plans to list on the Hong Kong stock market, the China Securities Regulatory Commission requires a supplementary explanation of the reasonableness of the prices at which new shareholders have invested in the past 12 months.

Wuhaobao plans to list in Hong Kong stock market. The China Securities Regulatory Commission requires further clarification on the reasonableness of the prices at which new shareholders entered within the past 12 months.

AI trading heat cools down, technology funds see record net outflow of $9.3 billion, first weekly outflow from US stocks in 3 months.

American stock funds experienced a net outflow of approximately $8.5 billion in the week ending on June 24, marking the first weekly outflow in 3 months.

New Stock News | Xingruili submitted documents to Hong Kong Stock Exchange.

According to the Hong Kong Stock Exchange disclosed on June 26th, Zhejiang Xin Ruili Automotive Parts Co., Ltd. submitted an application for listing on the main board of the Hong Kong Stock Exchange, with ICBC International as its exclusive sponsor.

Sanofi (SNY.US) is under investigation by the European Union for allegedly defaming a competitor's flu vaccine.

Sanofi-Aventis (SNY.US) is under investigation by the European Union regulatory authorities for allegedly defaming competitors' flu vaccines in order to increase its own profits.

Global LNG crisis sees the first light of dawn! Qatar is expected to lift the force majeure clause for Asian buyers in July, aiming to restore 80% of its production capacity within two months.

Asian liquefied natural gas buyers expect Qatar to lift the force majeure clause in July.

New stock news | Shenzhen Megmeet Electrical (002851.SZ) files with Hong Kong Stock Exchange, ranked first in China's commercial display power supply revenue for 2025.

According to the data from ZhiQiu Consulting, Magmeet is ranked in the top tier of suppliers in Mainland China for global power product revenue by 2025, and is one of the most diverse power product suppliers in the world.

The Hong Kong Securities and Futures Commission welcomes the appointment and reappointment of non-executive directors.

The Securities and Futures Commission of Hong Kong welcomes the appointment of a senior lawyer, Mr. Wen Benli, as a non-executive director, and the re-appointment of Mr. Chan Chun-hung as a non-executive director for a term of two years.

New stock news | Shenzhen Megmeet Electrical (002851.SZ) submits documents to Hong Kong Stock Exchange

According to the disclosure by the Hong Kong Stock Exchange on June 26, Shenzhen MEGMEET Electrical Co., Ltd. (referred to as MEGMEET, 002851.SZ) has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with Huatai International and Citigroup as its joint sponsors.

Bitcoin's plunge causes a floating loss of $13 billion! Strategy (MSTR.US) financing model faces market questioning.

As the price of Bitcoin falls below $60,000, it continues to put pressure on Strategy's balance sheet and stock price. This global largest Bitcoin holding company is currently experiencing one of the largest unrealized losses in its corporate history.

China Securities Regulatory Commission: Jiuying Asset and Tengchuang Investment fined more than 58 million yuan, banned from the securities market for 5 years.

Recently, the China Securities Regulatory Commission imposed administrative penalties on Shenzhen Qianhai Jiuying Asset Management Co., Ltd., Shenzhen Qianhai Tengchuang Investment Co., Ltd., and relevant responsible personnel for their illegal and irregular actions.

Eurozone inflation expectations have significantly fallen, with market bets on interest rate hikes cooling down.

The latest monthly survey released by the European Central Bank (ECB) on Friday showed that consumer inflation expectations in the euro area for the next 12 months significantly dropped in May, and this change occurred before the United States and Iran reached a lasting peace agreement.

Central Europe is holding intensive trade negotiations with the lack of sincerity from the European Union, causing a sharp increase in economic and trade frictions between China and Europe.

The Central European team held intensive discussions this week on Sino-European economic and trade issues in preparation for the first meeting of the China-EU Trade and Investment Negotiation Mechanism. It is understood that the EU lacks sincerity in the negotiations, and even plans to negotiate while preparing for confrontation, considering the possibility of introducing more protectionist measures. This has raised concerns that a Sino-European trade war may erupt at any time. The EU has expressed willingness to engage in dialogue with China on one hand, but on the other hand lacks sincerity in resolving issues, and even plans to introduce more economic and trade restrictions at the same time. This inevitably raises concerns about the prospects of the first meeting of the China-EU Trade and Investment Negotiation Mechanism. It is reported that China has always been committed to negotiating with the EU, but is also prepared to take resolute and necessary countermeasures at any time. Against this backdrop, the situation of Sino-European economic and trade relations seems to be becoming more complex, and the economic and trade differences between China and the EU may further escalate. The EU lacks sincerity in addressing China's concerns. For example, no new progress has been made in specific negotiations on price commitments for Chinese electric vehicle companies. In terms of export controls, the EU only requires China to address its concerns regarding rare earths, but has not made any progress in addressing cases of Chinese imports being blocked by the EU.

New stock news | Robotechnik Intelligent Technology (300757.SZ) Hong Kong IPO approved by the China Securities Regulatory Commission

Roboteck (300757.SZ) Hong Kong IPO has been submitted to the China Securities Regulatory Commission.

New Stock News | Shenzhen Kinwong Electronic (603228.SH) receives approval for its Hong Kong IPO filing from the China Securities Regulatory Commission

On June 26, the International Cooperation Department of the China Securities Regulatory Commission issued the "Notice of Approval for Overseas Issuance and Listing of Shenzhen Jingwang Electronics Co., Ltd."

State Administration of Foreign Exchange: Overall stability of China's foreign debt situation in the first quarter.

Li Bin stated that in the first quarter of 2026, China's foreign debt situation is generally stable.

Northbound funds | Northern capital made a net selling of 2.504 billion yuan. Northern capital continues to increase its holdings in the Jian Tao portfolio. In the past three weeks, the total amount bought by both stocks has reached nearly 38 billion Hong Kong dollars.

On June 26th, in the Hong Kong stock market, the net sales of Northbound funds totaled 2.504 billion Hong Kong dollars. Among them, the net purchases of Hong Kong Stock Connect (Shanghai) amounted to 3.586 billion Hong Kong dollars, while the net sales of Hong Kong Stock Connect (Shenzhen) reached 6.09 billion Hong Kong dollars.

The State Administration for Market Regulation has released a set of national standards for the interconnection of intelligent entities, bidding farewell to the "information silos."

The State Administration for Market Regulation held a press conference on the standardization of intelligent body interconnection.

The Ministry of Industry and Information Technology has publicly solicited opinions on 3 industry standards, including the "Unified Interconnection and Control Interface for Open Source Harmony Devices," and 9 recommended national standard planning projects.

On June 26th, the Ministry of Industry and Information Technology solicited public comments on 3 industry standards and 9 recommended national standardization projects including "Unified Interconnection and Control Interface for Open Source Hongmeng Devices".

PBOC solicits public opinions on "Interbank Certificate of Deposit Management Measures"

On June 26, the central bank issued a notice on soliciting public opinions on the "Interbank Certificates of Deposit Management Measures".

Latest

4 m ago

The Federal Trade Commission of the United States has approved Musk's acquisition of MESH Optical Technology Company.

4 m ago

On Friday, the Fed's overnight reverse repurchase agreement usage was $64.26 billion, up from $57.18 billion the previous trading day.

14 m ago

According to Semafor, Bezent has entered into communication on artificial intelligence related matters and issued a warning to the Federal Reserve payment system.

17 m ago

OpenAI is launching the limited preview version testing of GPT-5.6 series.

20 m ago

Night futures closed.

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