GMT EIGHT - OPPORTUNITIES IN CHINA

US Stock Market Move | Lilly (LLY.US) rises against the trend by more than 3%, hitting a new all-time high.

On Friday, Eli Lilly's (LLY.US) stock price rose against the trend, increasing by more than 3% intraday, setting another historical record high, with a total market value of $1.09 trillion.

DA Davidson: NVIDIA Corporation (NVDA.US) "King" position is difficult to shake. Gross margin is expected to remain high before 2030.

Although large cloud computing companies are actively seeking diversification in AI chip supply, Wall Street analysts believe that NVIDIA's dominant position in the artificial intelligence data center market is difficult to shake in the short term, and its high profit margin level is expected to continue until the end of this decade.

Cleveland Fed President Hamek made two statements in favor of raising interest rates within a week, once again taking a "hawkish" stance.

Hamak said that in the context of the labor market continuing to show strong performance and employment conditions approaching full employment, the Fed may soon need to consider further raising interest rates.

US Stock Market Move | Popular Chinese concept stocks collectively decline, UP Fintech Holding Ltd. Sponsored ADR Class A (TIGR.US) drops more than 4%.

On Friday, the Nasdaq Golden Dragon Index opened down more than 2%, continuing the previous day's decline, with popular Chinese concept stocks collectively falling.

US Stock Market Move | The Nasdaq fell 1.6%, while popular tech stocks were under pressure. Intel Corporation (INTC.US) dropped over 5%.

On Friday, the three major US stock indexes continued their decline at the opening, with the Nasdaq plunging 1.6% and leading technology stocks generally under pressure.

New stock news | Fengjiang Intelligence plans to go public in Hong Kong: revenue has been increasing for three consecutive years, high gross profit drives profit to turn positive.

Global robot solution and related empowering technology supplier FJD Inc. filed with the Hong Kong Stock Exchange.

US Stock Market Move | Bitcoin falls below the $61,000 level, and concept stocks follow suit. Strategy (MSTR.US) drops over 8%.

Bitcoin has once again fallen below the $61,000 mark, reaching a low of $60,461.88.

New Stock News | Weizhao Semiconductor plans to list on the Hong Kong Stock Exchange. The China Securities Regulatory Commission has requested additional information on the reasons for the price difference and rationality of equity incentives between Weizhu Yexin and Zhoushan Integration.

The China Securities Regulatory Commission (CSRC) has requested Weizhao Semiconductor to provide additional explanations on the reasons and rationale for the significant differences in the grant prices of stock incentives for Weizhuyexin and Zhoushan Integrated.

Explosive non-farm payroll hits the "Fed's road to transformation" under Powell's leadership! Non-farm payroll surged by 172,000 in May, sparking a wave of interest rate hikes and igniting the "anchor of asset pricing".

In a swap contract display, traders expect the Fed to raise rates by 25 basis points at the December policy meeting, with about a 60% chance of a hike in October. The next Fed meeting led by new Chair Kevin Washington will be held on June 16-17.

US Stock Market Move | Storage sector under pressure, SanDisk (SNDK.US) drops more than 7%.

On Friday, the storage sector continued its previous day's decline, with all stocks under pressure and falling. SanDisk (SNDK.US) and Western Digital (WDC.US) dropped more than 7%, Micron Technology (MU.US) fell more than 6%, and Seagate Technology (STX.US) fell more than 5%.

New stock news | Hui Lun Medicine plans Hong Kong stock IPO. The China Securities Regulatory Commission requires additional clarification on whether full social security and provident fund payments have been made, as well as whether it constitutes a major violation of laws and regulations.

The China Securities Regulatory Commission requires Huilun Pharmaceuticals to provide supplementary explanations on the specific situation of its subsidiaries' insufficient payment of social insurance and housing provident fund, and whether this constitutes a major violation of laws and regulations.

Spot silver fell below $70 per ounce, dropping 5.24% in a single day.

New stock news | Xinde Technology plans to list in Hong Kong, and the China Securities Regulatory Commission requires additional information on the rectification situation after being punished for colluding in bidding and whether it constitutes a major violation of laws and regulations.

The China Securities Regulatory Commission requires XinDe Technology to provide additional explanations on the rectification situation after being punished for colluding in bidding and being prohibited from participating in military procurement activities, and whether it constitutes a major violation of laws and regulations.

Financial report and guidance significantly exceed expectations! Barclays substantially raises Ciena (CIEN.US) target price to $607.

Ciena (CIEN.US) revenue, gross margin, and EPS all exceeded expectations and future performance guidance was raised. Barclays has increased its target price from $372 to $607 and maintains a rating of buy.

New Stock News: Weiran Energy plans to conduct a Hong Kong IPO. The China Securities Regulatory Commission requires additional information on the compliance of employee stock ownership platform and external personnel stock ownership.

The China Securities Regulatory Commission requires Weiyuan Energy to provide additional explanations on the participation of non-employees in the employee shareholding platform and the compliance of external member shareholding.

New stock news | Venus Information plans Hong Kong IPO. China Securities Regulatory Commission requires supplementary explanation of stock split arrangement and use of funds.

The China Securities Regulatory Commission has requested Wenshi Information to provide additional explanations on the specific plan and arrangement for splitting shares, and whether it will affect the quantity of shares issued in this offering.

The S&P 500 index fell by 1.01%, now trading at 7507.820 points; the Dow fell by 0.33%, now trading at 51392.922 points; the Nasdaq fell by 1.64%, now trading at 26389.816 points.

New Stock News | Fyland plans Hong Kong IPO, China Securities Regulatory Commission requires additional clarification on the compliance of the stock incentive plan.

The China Securities Regulatory Commission requires Fieland to provide additional explanation on the compliance of the implemented equity incentive plan.

On the eve of the listing, there are signs of easing tensions between Anthropic and the Trump administration after months of disputes.

With AI unicorn Anthropic preparing to go public, there are signs that the months-long dispute between Trump administration officials and the company is easing within certain departments of the US government.

US Stock Market Move | Lowered full-year performance outlook, Lululemon (LULU.US) opened with a sharp decline of over 8%.

On Friday, Lululemon (LULU.US) opened with a significant drop of over 8%, with the stock price falling to its lowest point since 2018, now trading at $114.82.

The Philadelphia Semiconductor Index fell further to 5.3%.

New stock news | Basic Semiconductor submits its third listing application to the Hong Kong Stock Exchange.

According to the disclosure by the Hong Kong Stock Exchange on June 5th, Shenzhen Basic Semiconductor Company Limited (referred to as "Basic Semiconductor") has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with Guojin Securities (Hong Kong) Limited and Bank of China International as its joint sponsors.

The two major lead underwriters are optimistic about the future prospects of AI, with Morgan Stanley predicting that SpaceX's (SPCX.US) revenue will reach $34 trillion in 2040.

Morgan Stanley calculates that SpaceX (SPCX.US) could achieve revenue of $3.4 trillion and adjusted EBITDA exceeding $2.7 trillion in 2040.

The Philadelphia Semiconductor Index fell by 4.6%.

New stock news | Qingtao Energy plans to list in Hong Kong IPO, the China Securities Regulatory Commission requires supplementary explanations on the compliance of employee stock incentive implementation, etc.

The China Securities Regulatory Commission requires Qingtao Energy to provide additional clarification on whether the implementation of employee stock incentives is legal and compliant.

Spot gold fell below $4400 per ounce, dropping 1.70% intraday.

New stock news | Shanghai W-Ibeda High Tech.Group (688071.SH) plans to go public on the Hong Kong Stock Exchange. The China Securities Regulatory Commission requires additional information on the establishment and changes in the shareholders of the limited liability company.

According to the disclosure from the Hong Kong Stock Exchange on February 24th, Shanghai Huayi Technology Group Co., Ltd. (referred to as "Huayi Technology") submitted an application for listing on the main board of the Hong Kong Stock Exchange, with Agricultural Bank International as its exclusive sponsor.

New stock news | Plai Pharmaceuticals plans to list on the Hong Kong stock market. The China Securities Regulatory Commission requires supplementary explanations on the compliance of overseas subsidiaries in foreign exchange management.

The China Securities Regulatory Commission requires PuLai Pharmaceuticals to provide supplementary explanations on the specific implementation of overseas investments, foreign exchange management, and other regulatory procedures of its overseas subsidiaries.

Selected A-share announcements | Giant Network Group (002558.SZ) plans to subscribe for 150 million yuan in the hard technology project. In May, the sales of commodity pigs of Muyuan Foods Group (002714.SZ) decreased by 30.13% year-on-year.

Giant Network: intends to invest 150 million yuan to subscribe for shares of Shanghai Yunfengyuanchuang private equity fund; Muyuan shares: In May, the company's sales of commercial pigs generated revenue of 8.565 billion yuan, a year-on-year decrease of 30.13%.

AI computing power requirements overwhelm everything! Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR (TSM.US) CEO exclaimed, "There is no sign of demand slowing down." Wedbush supports a long-term bull market for chip stocks.

The series of positive information disclosed by Wei Zhejia, the helm of TSMC, at this week's TSMC shareholder meeting, can be said to highlight that the bottleneck in the supply of AI computing power infrastructure is expanding from a single chip/wafer capacity shortage to include long-term capital expenditure cycles for full-stack computing power infrastructure, including data center CPUs, high-performance network infrastructure, optical interconnect basic chips, and 2.5D/3D advanced packaging capacity.

From junk bonds to leveraged loans, Terawulf (WULF.US) teams up with Morgan Stanley to open up a new path for AI infrastructure financing.

Data center operator Terawulf (WULF.US) has just completed a landmark high-yield bond offering and is currently exploring financing for its AI infrastructure construction through the leveraged loan market.

The Ministry of Housing and Urban-Rural Development seeks public input on the Regulations on the Management of Housing Provident Fund (Draft for Soliciting Opinions).

On June 5th, the Ministry of Housing and Urban-Rural Development issued a public notice seeking opinions on the "Regulations on the Management of Housing Provident Fund (Draft for Soliciting Opinions)".

Many large banks are bullish on JOYY, Inc. Sponsored ADR Class A (JOYY.US): Social entertainment regaining growth, advertising and e-commerce becoming new engines, target price as high as $90.

Joyy Inc. (JOYY.US) has recently received positive ratings from several major banks.

Oil prices, weight loss pills, and policies "triple attack", American leisure food giant is bearish by investment banks.

Due to the boost in crude oil leading to inflation in raw materials, the diversion of demand for GLP-1 weight loss drugs, the reduction in federal food subsidies, and the impact of health and nutrition policies, Bernstein has downgraded the ratings of four leading US packaged food companies to underperform the market, and sector stock prices have fallen to lows not seen since March 2020.

Currently, the market is pricing in the Federal Reserve to raise interest rates in January next year, earlier than the expected time point of March next year before the non-farm payroll announcement.

The unemployment rate in the United States in May was recorded at 4.3%, staying steady for the second consecutive month, in line with market expectations.

The British government raised its oil price forecast: even if the US and Iran reconcile, oil prices may remain at $100 before 2028.

The British government has revised its internal oil price forecast, assessing that even if the US and Iran reach a peace agreement, the price of oil may still remain around $100 per barrel before 2028.

Preview of US Stock Market | The three major stock index futures are mixed, the non-farm payrolls are about to hit hard, and the stock prices of AI semiconductor giants such as Micron (MU.US) are falling together.

Before the US stock market opened on Friday, June 5, the futures of the three major US stock indexes were mixed with some rising and some falling.

Goldman Sachs has stated that the pullback in technology stocks is a healthy consolidation, and that AI trends may spread to European and bond assets.

Goldman Sachs analysts said that the current pullback in technology stocks is a benign consolidation after the previous speculation, and the biggest risk to US stocks is the questioning of the high-profit logic of AI.

Target price surges 227%! JP Morgan shifts to neutral rating, Wall Street sparks "AI narrative" re-evaluation of Tesla, Inc. (TSLA.US)

JPMorgan Chase has upgraded Tesla's (TSLA.US) rating from "underweight" to "neutral" and significantly raised its target price from $145 to $475.

Goodhart's Law penetrates Wall Street! SpaceX's record-breaking IPO turns the index from a "market mirror" into a bubble engine. The AI bull market faces a major liquidity test.

Passive funds are no longer just reflecting the market, but shaping prices through index replication and mechanical buying pressure, and the global "AI super bull market" is entering a liquidity stress test composed of index mechanisms, passive funds, and IPO supply.

Profit guidance lowered exacerbates growth repair concerns! Lululemon (LULU.US) plunges 13% before the market opens.

High-end yoga sportswear leader Lululemon (LULU.US) cuts its quarterly and full-year profit guidance, causing the company's stock to plummet 12% before the market opens. The market is pinning all hopes of a turnaround in performance on the new CEO who will take office in September, who comes from Nike.

Starting from June 8th, the Shenzhen Stock Exchange will implement new risk disclosure requirements for certain stocks under the Hong Kong Stock Connect program.

On June 5th, the Shenzhen Stock Exchange issued a notice regarding the "Necessary Terms of Risk Disclosure Statement for Stock Connect Trading in Shenzhen Stock Exchange (Revised in 2026)".

Li Qiang presided over the executive meeting of the State Council, listened to the report on employment work, and reviewed and approved the "Implementation Plan for the Employment Priority Strategy in the 15th Five-Year Plan".

Hong Kong Securities and Futures Commission: Expand the Scope of Listed Structural Funds to Strengthen Investor Protection Measures.

On June 5, the Securities and Futures Commission of Hong Kong issued a revised circular aimed at expanding the scope of listed structured funds, thereby incorporating individual stock leveraged and inverse products with high liquidity of Hong Kong-listed stocks with ultra-high market value as targets.

Just canceled the assessment of small and micro loan growth, large banks have already required enterprises with existing credit to provide additional mortgage guarantees.

On May 19, the China Banking and Insurance Regulatory Commission issued a notice on improving financial services for small and micro enterprises in 2026, no longer setting a nationwide uniform target for the growth rate of inclusive loans for small and micro enterprises, and proposed a twelve-word policy of "stabilizing lending, optimizing structure, improving quality, and ensuring sustainability." After the new policy was released, some banks have begun adjusting their inclusive KPIs, but some are still watching. "Our bank has already started changing the rules for inclusive business, and small and micro enterprises that were previously granted credit are now required to add additional collateral and guarantee measures," revealed a person from a state-owned large bank branch. Currently, the KPI orientation has clearly shifted towards asset quality.

Legend Biotech Corp. Sponsored ADR (LEGN.US): How did the stock price go from a 5-day increase of 40% to a single-day increase of over 40% within 2 months?

After the 18.42% surge in stock price on April 20th of this year, Legendary Biotech (LEGN.US) once again experienced a violent surge in stock price on June 2nd, as well as a reevaluation of its value in the secondary market.

Winning bid of 9.35 billion yuan in State Grid's procurement! QRUNNINGCABLE wins multiple regional projects

On the evening of June 4th, Qiuguan Cable (920682.BJ) issued a bid-winning announcement, with the company winning a total of 935 million yuan in National Grid procurement projects, providing strong support for the company's annual performance with the landing of a large order.

Northbound funds | Northbound trading saw a net sell of 2.426 billion yuan Northbound trading selling semiconductor and PCB concept stocks Tencent (00700) to raise nearly 1.7 billion Hong Kong dollars

On June 5th, the Hong Kong stock market saw a net sell of 2.426 billion Hong Kong dollars by northbound investors. Among them, the Shanghai-Hong Kong Stock Connect saw a net buy of 4.988 billion Hong Kong dollars, while the Shenzhen-Hong Kong Stock Connect saw a net sell of 7.415 billion Hong Kong dollars.

New Stock News | Yaoxin Micro Hong Kong Stock IPO and domestic unlisted shares "Fully Circulated" approved by China Securities Regulatory Commission

On June 5, the International Cooperation Department of the China Securities Regulatory Commission issued the "Notice on the Record of Overseas Issuance and Listing of YAOXIN Micro (Shanghai) Electronic Technology Co., Ltd. and the Complete Circulation of Unlisted Shares Domestically".

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6 m ago

Palladium futures fell 6% intraday, now trading at $1254.56 per ounce.

9 m ago

Market news: The United States is demanding stricter rules on access to automotive components in trade negotiations with Mexico.

15 m ago

Market news: U.S. Senator Warren calls on NVIDIA (NVDA.O) CEO to attend a hearing on June 11th.

20 m ago

Han Zheng attended the 29th St. Petersburg International Economic Forum and delivered a speech.

24 m ago

Warner Bros' stock price dropped rapidly, with a decrease of 1.3%.

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