GMT EIGHT - OPPORTUNITIES IN CHINA

New Stock News | Ruiwei Technology passes the Hong Kong Stock Exchange hearing, Hong Kong stocks will welcome the "first listed company in visual embodied intelligence"

According to the disclosure by the Hong Kong Stock Exchange on June 24th, Xiamen Ruifor Information Technology Co., Ltd. has passed the hearing for listing on the main board.

JPMorgan Raises S&P 500 Target to 7800 Points, Maintains Bullish outlook on US Stocks.

J.P. Morgan believes that against the backdrop of sustained earnings growth exceeding expectations, the accelerating trend of artificial intelligence investments, and the prospects of a long-term peace agreement between the United States and Iran, the U.S. stock market is gradually moving towards the bank's most optimistic market scenario.

High interest rates suppress housing demand, US new home sales in May fell to the lowest level this year.

The US real estate market continues to be under pressure in a high interest rate environment.

The AI arms race continues to escalate! Meta (META.US) and Microsoft Corporation (MSFT.US) are increasing their investments in data center infrastructure. The industry's future leasing commitments have surpassed 850 billion US dollars.

With global technology giants continuously increasing their investment in artificial intelligence (AI) infrastructure construction, the scale of data center investment is rapidly rising at an unprecedented speed.

US Stock Market Move | Partial light communication concept stocks strengthened, Corning Inc (GLW.US) rose more than 9%.

On Wednesday, some concept stocks of optical communication strengthened, with Corning (GLW.US) rising over 9%.

US Stock Market Move | Aviation concept stocks rise across the board, Brent crude oil falls below $75 for the first time in March.

Brent crude fell below $75 for the first time since March, dropping nearly 5% on the day.

Wedbush: SpaceX's rental of computing power may indicate the construction of a new Colossus data center, and AI supply chain tensions may worsen.

Wedbush indicates that SpaceX renting out computing resources may foreshadow the construction of another giant data center.

US Stock Market Move | Gold and silver concept stocks fall collectively, Harmony Gold Mining Co. Ltd. Sponsored ADR (HMY.US) drops more than 4%

On Wednesday, concept stocks of gold and silver fell across the board, with Harmony Gold (HMY.US), Gold Fields (GFI.US), and AngloGold Ashanti (AU.US) dropping more than 4%.

US Treasury Secretary Yellen: Inflation will ease, AI is expected to double productivity.

Bennett pointed out that it is expected that inflation will begin to fall, artificial intelligence can at least double productivity, and government efforts to relax financial regulations have released about $3 trillion in lending capacity.

US stocks opened: the three major stock indexes rise and fall inconsistently.

The Dow fell 0.04%, the S&P 500 index rose 0.09%, and the Nasdaq rose 0.05%. Royal Caribbean Cruises rose 3.31%, Builders FirstSource rose 3.22%, Booking.com rose 3.00%, Newmont Mining fell 4.32%, McMoran Copper & Gold fell 3.57%, and Apache Corporation fell 3.51%. In the "Big Tech" sector: Google rose 1.06%, Nvidia rose 0.20%, Tesla rose 0.05%, Amazon fell 0.13%, Apple fell 0.22%, Meta Platforms fell 0.43%, and Microsoft fell 0.50%.

Hormuz Strait "thaw"! Significant recovery in Middle East fertilizer supply alleviates global food inflation pressure.

After the temporary peace agreement was signed between the United States and Iran, shipping in the Strait of Hormuz has gradually resumed. Since last week, the amount of fertilizer exports transported through the strait has significantly increased.

Private credit "Lehman moment" approaching? Hedge fund big shot who made a killing in 2008 is back at it again: heavily shorting the industry "gold standard" insurance stocks.

Hedge fund manager Lee Robinson is shorting insurance companies, including Lincoln National Corporation and MetLife, because these companies have a large exposure to private credit risk.

New stock news | Sensory interaction solution provider Ji Hao Technology files for listing on the Hong Kong Stock Exchange, with net losses for three consecutive years.

According to the disclosure of the Hong Kong Stock Exchange on June 24, Jihao Technology (Tianjin) Co., Ltd. has submitted an application for listing on the main board of the Hong Kong Stock Exchange.

Gold and Bitcoin have plunged, the dollar is staging a strong comeback! The rapid retreat of "devaluation trading" has become a core catalyst for Powell's control of the Federal Reserve.

The "depreciation trade" that has been popular in the market for two years is falling apart.

New stock news | Purple News Technology submits application to Hong Kong Stock Exchange

According to the disclosure of the Hong Kong Stock Exchange on June 24, Zixun Technology (Fujian) Co., Ltd. has submitted its application for listing on the main board of the Hong Kong Stock Exchange, with Guotai Junan International as its exclusive sponsor.

The Ministry of Industry and Information Technology and five other departments deploy the pilot project of establishing independent industrial 5G private networks.

The Ministry of Industry and Information Technology and five other departments have deployed the establishment of a pilot project for industrial 5G standalone private networks.

Selected A-share announcement | Semiconductor Manufacturing International Corporation (688981.SH) has completed the transfer of the target assets by purchasing 49% equity of Nothern Semiconductor.

SMIC International announced that the company plans to issue shares to purchase 49.00% of the shares of SMIC North held by five shareholders, including the National Integrated Circuit Industry Investment Fund. The transaction was completed on June 12th with the transfer of the target assets.

Meme stock magic reappears! Wendy's (WEN.US) surges before trading, retail investors may be facing a short seller showdown.

After several users on the WallStreetBets forum on Reddit called on retail investors to buy Wendy's burgers, the stock of this troubled fast food chain surged significantly in pre-market trading.

New stock news | Ji Hao Technology submits documents to the Hong Kong Stock Exchange

According to the disclosure by the Hong Kong Stock Exchange on June 24th, Geely Technology (Tianjin) Co., Ltd. has submitted an application for listing on the Main Board of the Hong Kong Stock Exchange.

Large buyback expectations ignite the market, Samsung Electronics' stock price surges nearly 10% and regains its position as South Korea's top market value.

Samsung Electronics plans to implement a buyback plan with a scale of up to 900 trillion Korean won (approximately 590 billion US dollars), and the specific details are expected to be announced in the near future.

AI storytelling encounters "vulnerable moment"! Micron Technology, Inc. (MU.US) will announce its financial report tonight, can it ease market cyclical anxiety?

Against the backdrop of concerns about the resurgence of the "AI bubble", Micron's financial report has attracted much attention from the market.

FuelCell Energy, Inc. (FCEL.US) surged before market open! Secure a large order to supply 380 megawatts of power to data centers.

FuelCell Energy announced that it will partner with Fit Energy USA to use FuelCell's utility-grade fuel cell technology to provide up to 380 megawatts of clean, stable on-site power supply for data centers.

Margin trading balance on A-shares breaks 3 trillion for the first time.

The margin balance of A-shares has crossed a new milestone.

The demand for AI chips is booming, forcing expansion and speeding up production! The South Korean government is reportedly in talks with the "storage giants" to invest 30 trillion Korean won to accelerate the construction of the industry cluster for 10 years.

According to reports, South Korea is currently in talks with Samsung and SK Hynix regarding new chip investment matters.

U.S. Treasury Secretary Benson: (Regarding the U.S. economy and GDP)believes that 3% or higher growth can be achieved this year.

STMicroelectronics NV ADR RegS (STM.US) launches world's first post-quantum cryptographic mobile security chip ST54M.

STMicroelectronics (STM.US) launched the ST54M secure mobile chip on June 24th, aiming to help smartphone and personal electronic device manufacturers to pre-emptively lay out a quantum security protection system, while ensuring a seamless user experience for cross-network services.

Preview of US Stock Market | Three major stock index futures rise together, Micron Technology earnings report and Nvidia shareholders' meeting strike tonight.

Before the opening of the US stock market on June 24th (Wednesday), futures of the three major stock market indices in the US all rose.

An EY report: A wave of partial new stock unlocking tide will come to Hong Kong stocks in the second half of the year, and maintains a "neutral" view on the related impact.

Hong Kong stocks are about to usher in a new wave of lifting of sales restrictions, as the lock-up period for key cornerstone investors of several prominent new stocks will soon expire.

New Stock News | Qiyunshan passes the Hong Kong Stock Exchange hearing and is ranked first in the industry in terms of retail sales of southern hawthorn food in 2025.

According to the disclosure by the Hong Kong Stock Exchange on June 23rd, Jiangxi Qiyunshan Food Co., Ltd. conducted its listing hearing on the main board of the Hong Kong Stock Exchange, with Zhongtai International as its exclusive sponsor.

Chen Maobo: Does not believe the world is forming a fragmented financial system, overseas funds are still paying attention to the opportunities for development in mainland China.

Chen Maobo stated that he does not believe that the world is forming a fragmented financial system, and that a diverse and resilient international monetary system is developing steadily.

People's Bank of China: Will conduct 500 billion yuan MLF operation on June 25th.

On June 25, the central bank will carry out a 500 billion yuan MLF operation.

Analyst calls for Strategy (MSTR.US) to pause its Bitcoin holdings and prioritize rebuilding its cash reserves.

CryptoQuant's research director Julio Moreno said that if the Bitcoin acquisition platform Strategy (MSTR.US) wants to restore market confidence in its stock, it should stop buying the cryptocurrency.

In June, the average loss per person in the Mandatory Provident Fund (MPF) was recorded at HK$1549.

In terms of average returns, the Mandatory Provident Fund (MPF) recorded a loss of 1549 Hong Kong dollars per person in June, but the cumulative average return per person since the beginning of the year still reached 22079 Hong Kong dollars. Short-term fluctuations have not broken the overall upward trend so far this year.

Middle East oil "flood" is coming! After three rounds of panic buying, Asian refiners can't handle it anymore. International oil giants and traders absorb excess supply.

Asian refining companies' demand for Middle Eastern crude oil is starting to slow down after experiencing a buying spree over the past three weeks, as international oil giants and traders step in to absorb some of the excess supply.

Northbound funds | Northbound trading saw a net purchase of 15.751 billion yuan, with Northbound investors continuing to aggressively buy Hong Kong ETFs and increase holdings in Tracker Fund of Hong Kong (02800) by over 6 billion HKD.

On June 24, the Hong Kong stock market saw a net purchase of 15.751 billion Hong Kong dollars by northbound investors. Among them, the Shanghai-Hong Kong Stock Connect saw a net purchase of 13.256 billion Hong Kong dollars, and the Shenzhen-Hong Kong Stock Connect saw a net purchase of 2.495 billion Hong Kong dollars.

The "unsealing" of the Hormuz Strait triggers a shortage of super oil tankers, causing Persian Gulf VLCC freight rates to soar to 9 times the benchmark.

The booking price of oil tankers in the Gulf has surged to 897% of the benchmark price.

Ministry of Commerce and 7 other departments: Carry out a special campaign to crack down on the illegal recycling and dismantling of scrapped motor vehicles.

Recently, the Ministry of Commerce and six other departments issued a notice on carrying out a special campaign to crack down on illegal recycling and dismantling of scrapped motor vehicles.

Ministry of Commerce: Further improve the reporting and handling of illegal and irregular behavior in the export control of strategic dual-use items.

Ministry of Commerce releases "About further improving the handling of reports on illegal and irregular behaviors in the export control of strategic dual-use mineral items".

Ministry of Commerce releases "Methods for Industry Chain and Supply Chain Security Investigation Work"

The Ministry of Commerce has formulated the "Methods for Investigation of Industry Chain and Supply Chain Security" and is now published, which shall come into effect from the date of publication.

CRIC: The transaction area of first-hand private residential properties in Hong Kong exceeded 6 million square feet in the first half of the year, expected to reach a near 9-year high.

In the first half of this year, the total transaction area of first-hand private residential properties in Hong Kong reached 6.1 million square feet, which is over 34% higher than the approximately 4.54 million square feet involved in transactions in the first half of last year.

Leveraged ETFs act as an amplifier of volatility in the South Korean stock market! $6 billion mechanical selling causes chaos in the market.

After the South Korean regulatory agency stated that they are studying measures to curb the risks brought by tracking the single stock leveraged ETFs of Samsung Electronics and SK Hynix, the leveraged ETFs tracking the two memory chip giants may have sold approximately $6 billion worth of stocks on Tuesday to maintain their leverage ratios.

An EY report: Hong Kong IPO fundraising in the first half of the year has exceeded HK$200 billion, ranking second globally.

An EY report on the IPO market in Mainland China and Hong Kong for the first half of 2026 has been released.

Shida Kazuo reiterated: There is a risk of inflation exceeding the 2% target, and the Bank of Japan will raise interest rates again at the appropriate time.

The Bank of Japan believes that there is a risk of inflation exceeding its 2% target and will consider raising interest rates further in a timely manner.

The split of Weidenta's copper mining company CopperTech Metals (CUX.US) has priced its US stock IPO at $16-18 per share, aiming to raise $400 million.

Zambian copper mining company, CopperTech Metals (CUX.US), which was spun off from India's Vedanta, announced the terms of its initial public offering (IPO) on Tuesday.

Hong Kong Department of Justice: Consolidating the Position of the Hong Kong International Arbitration Centre through Multiple Means to Build the Forefront of International Development.

On June 24, the Secretary for Justice of Hong Kong, Rimsky Yuen, stated in a written response to lawmakers that the government is taking various measures to consolidate the position of the Hong Kong International Arbitration Centre as the authorities are working on multiple fronts.

Qualcomm speeds up "phoneless" trend! Reportedly in talks with ByteDance to discuss customized chip design service.

According to four informed sources, Qualcomm (QCOM.US) is reportedly in talks with Chinese company ByteDance regarding providing chip design services.

Hong Kong stocks closed: the Hang Seng Index rose by 0.325%, and the Hang Seng Tech Index rose by 1.814%.

Huahong Wuxi Technology's shares rose by 15.454%, SMIC's shares rose by 8.927%, WuxiApptec's shares rose by 8.333%, CMAB Biopharma's shares rose by 4.175%, Tencent Holdings' shares rose by 3.375%, Lenovo Group's shares rose by 2.873%, and BeiGene's shares rose by 2.859%.

AI triggers a wave of Asian storage giants going public in the US: SK Hynix is reportedly planning to file with South Korean regulators to issue ADRs, raising up to $26 billion.

SK Hynix is expected to submit a declaration file to South Korean financial regulatory agencies regarding the issuance of American Depositary Receipts (ADR).

14 years of lurking and finally turned over! SK Hynix takes a bold bet on HBM to reap the benefits of AI, but there are hidden risks beneath the trillion-dollar market value halo.

SK Hynix surpassed Samsung Electronics on Monday to become the highest valued company in South Korea, the ultimate result of a series of bets made by the company over the past 14 years. These bets had brought skepticism and mockery to the company, but ultimately elevated it to the forefront of the global artificial intelligence (AI) gold rush.

SoftBank Completes the Puzzle in Japan with its "Algorithmic Electricity Collaboration" Strategy: Seeks to Invest in Tokyo Electric Power Company, Deepening Efforts to Combat AI "Energy Anxiety"

SoftBank is seeking to invest in Japan's largest utility company to drive the artificial intelligence boom.

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According to Fox News, this funding will also be used for verification and authentication work.

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Qualcomm launches the all-new Dragonfly series product line, unveiling a complete data center technology roadmap for the era of intelligent autonomous AI.

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Qualcomm and Meta announce strategic cooperation agreement for cross-generation data center CPUs.

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Qualcomm: The robotics industry will have a trillion-dollar market opportunity in the next ten years.

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Spain experiences the first heatwave of the summer, with record high average daily temperatures in June.

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