GMT EIGHT - OPPORTUNITIES IN CHINA

The China Securities Regulatory Commission will hold a symposium tomorrow to promote stable and healthy development of the market.

Securities Times reporters have learned that several listed companies and market institutions have received notices from regulatory authorities informing them that they will attend a symposium held by the China Securities Regulatory Commission tomorrow. The purpose of this symposium is for the CSRC to listen to opinions and suggestions from all parties on promoting stable and healthy development of the market.

The price of "industrial vitamins" surged by 1500 yuan in one day.

In the first half of 2026, the molybdenum market strengthened, with molybdenum concentrate and ferromolybdenum prices rising by nearly 30%, reaching a new high in nearly three years. The core reason for the price increase is the tight supply.

Adjusting to the second half? What economic indicators should we focus on? Top 10 securities firms' strategies are here.

The latest strategies and viewpoints of the top ten securities firms have just been released.

GF SEC: The second "showdown" of 2026 is imminent, with ample room for adjustment in the technology sector.

From the perspective of the adjustment pattern of the core industry cycle in the A-share and US stock markets in the past, the adjustment space of the technology sector in the A-share market has been relatively sufficient, but the adjustment time is slightly insufficient compared to historical patterns.

CITIC SEC: Chinese AI assets are expected to be reassessed, optimistic about the convergence and recovery of the Hong Kong Internet sector.

Rebalancing of funds and flow drives the market from differentiation towards convergence, with performance hitting bottom and resonating with AI narrative, looking positive for Hong Kong's internet industry.

Multiple securities firms provide urgent "psychological massages" over the weekend: offering emotional value and practical strategies.

Faced with panic, the core judgment of multiple securities firms is highly consistent: what has fallen is emotion, what hasn't fallen is logic.

SemiAnalysis: Kimi K3's KDA mechanism improves attention efficiency but will require more GPU, HBM, DRAM, and network resources, not fewer!

Although Kimi K3's linear attention has triggered short-term concerns about hardware requirements, SemiAnalysis pointed out that its 2.8 trillion parameters and large-scale inference architecture will actually increase the demand for high-end GPUs, HBM, and high-speed interconnects.

Industrial: The more panicked one is, the more important it is to look at the data rationally.

After a sharp decline, the probability of a short-term oversold rebound is actually increasing, while the continuation of the long-term market still depends on the fundamentals.

Middle East conflict restarts, traders say "all cushions have been burned out," the oil market is on the brink of collapse.

The global strategic reserves of oil and other "cushions" are nearly depleted. In the extreme supply crisis with no way out, a price surge storm is sweeping through the crude oil and refined oil markets.

Regarding the new regulations on leverage, valuation, and the latest trends of foreign investment, this is the latest perspective of Wall Street on the South Korean stock market.

The global semiconductor sell-off and momentum reversal have pushed the South Korean stock market into historically undervalued territory. Both Goldman Sachs and UBS pointed out in their latest reports that the current valuation presents a positive risk-reward ratio, but volatility is expected to continue in the near term.

Guolian Minsheng Securities: Token "Inflation" is the core theme of this round of AI industry market.

"Inflation" is the core theme of the current AI industry market. The non-linear growth in demand is driving the reevaluation of the value of computing power, large models, and the entire industry chain of applications. Key attention should be given to leading companies with clear technological barriers and sufficient commercial validation.

The cost of data centers is skyrocketing! Is Oracle Corporation (ORCL.US) another bombshell?

On July 18th, according to The Information, Oracle (ORCL.US) encountered environmental approval obstacles for its $16.5 billion AI super campus project in New Mexico, forcing it to change its power supply plan, leading to a sudden increase in costs by several billion dollars.

South Korean Ministry of Planning and Finance: will allow more foreign investment to trade bonds denominated in Korean won, and allow foreign investment to borrow Korean won from domestic and foreign exchange banks.

Is the sell-off of technology stocks, which has seen the fastest pace of decline and the biggest drop in history, coming to an end? Goldman Sachs reflects on the market's "cruel rotation."

Goldman Sachs partner Mark Wilson pointed out that this round of selling has lasted for 17 trading days, with the momentum factor of US stocks retracing by 28% from its peak, and the TMT momentum factor falling by as much as 40%, setting a record for the fastest and deepest retracement in history.

Trump's latest statement! The US military conducted eight consecutive night raids on Iran, and the United States issued a global security warning.

Over the weekend, tensions between the US and Iran continued to escalate.

Before the market opened on Monday, the weather changed.

The risk level at the opening on Monday needs to be raised. This time it's not just a regular "escalation in the Middle East", but entering a more sensitive stage: if there are direct casualties in the US military, the market will immediately reevaluate the degree of the US retaliation.

Tianfu Communication: It is expected that the net profit for the first half of 2026 will increase by 25.00%-45.00% compared to the previous year.

Tianfu Communications announced that it is expected to achieve a net profit of 1.124 billion to 1.304 billion yuan from January 1, 2026 to June 30, 2026, a year-on-year increase of 25.00% to 45.00%; after deducting non-recurring gains and losses, the net profit is expected to be 1.089 billion to 1.284 billion yuan, a year-on-year increase of 25.56% to 48.02%. It is expected that the net profit for this reporting period will increase compared to the same period last year, mainly due to the accelerated development of the global artificial intelligence industry and the construction of global data centers, which has driven the continued and stable growth in demand for high-speed optical device products.

Hedging retreat, gold price correction, can "growth potential" of Chifeng Jilong Gold Mining (06693, 600988.SH) support the next journey?

In this golden "midfield battle", who can have the last laugh ultimately depends on who can delve deeper into the wind and waves and run farther.

New Stock News | The dark side of the moon is expected to be listed in Hong Kong in the fastest 6 months. The latest Kimi K3 model shocks the global AI circle.

This year, there have been reports in the market that the dark side of the moon intends to list in Hong Kong.

Kuwait Petroleum Corporation says that one of its facilities was attacked by Iran, resulting in multiple casualties.

Kuwait Oil Company stated in a notice that an "important" facility has been subjected to multiple intense attacks by Iranian forces, resulting in casualties and significant losses. The injured have already received medical assistance and the facility has been evacuated. Kuwait Oil Company is coordinating with relevant departments to respond to the attack. The notice did not mention the specific location of the targeted facility.

Stored "New Ghost Stories": Is the US going to rob money?

The demand from the United States for South Korea's semiconductor industry is transitioning from "building factories" to "sharing profits".

Hong Kong Property Market: Slower Second-Hand Transactions Expected, Number of Registrations for Second-Hand Properties in 30 Estates in Tseung Kwan O Expected to Drop Below 200 in July.

Wang Pindi, Director of the Hong Kong Property Research Department, stated that in June, second-hand transactions have slowed down due to adjustments in the Hong Kong stock market and narrowing negotiation space for second-hand properties.

US consumer confidence exceeded expectations and boosted the market: Gold prices turned higher on Friday, stabilizing above the $4000 level.

After the latest US economic data showed improved consumer confidence and eased short-term inflation expectations, gold futures reversed their decline and rose on Friday.

The situation continues to escalate! The US military conducted consecutive airstrikes on Iran for the seventh night in a row, and it was revealed that they will deploy dozens of refueling aircraft to the region.

According to reports from multiple media outlets, including CCTV News, the US military launched a new round of strikes against Iran at 3 pm local time on Friday afternoon, marking the seventh consecutive night of airstrikes by the US military.

The conflict between the US and Iran has once again sparked the oil market: Brent crude rose nearly 16% in the week, and the risk of closing the Strait of Hormuz triggered a frenzy of "risk premiums."

Due to the escalating conflict between the US and Iran, crude oil and refined oil futures rose sharply on Friday, recording a strong increase for the whole week.

Has the AI bull market ended? The market is filled with doubts.

Technology giants have impressive performance, active capital expenditure plans, but their stock prices remain stagnantthis strange deviation has left Wall Street puzzled. Nomura Securities warns that the end of AI prosperity has evolved from three scenarios to four intertwined paths, making the cost-benefit balance increasingly unclear. The sharp decline in semiconductors and the reversal in software indicate that funds are silently repricing, while the absence of interest rate bets in the bond market so far suggests that the pricing of the end of AI is far from complete.

Brent crude oil breaks through $86 in intraday trading, up over 2.9% for the day.

Muxi Corporation releases new super node product Xijin S600

On July 18th, during the 2026 World Artificial Intelligence Conference, Muxi Holdings officially released the new generation AI super node product, Xijing S600. As a system-level computing power product designed for large model training, inference, and intelligent computing center construction, Xijing S600 is optimized for high-density deployment, high-speed interconnection, and software-hardware synergy. It can achieve high-speed full interconnection of 64 GPUs in a single cabinet and support flexible expansion to a cluster of thousands of cards, providing a domestically produced computing power base with performance, efficiency, and reliability for AI infrastructure construction.

The anti-monopoly situation has changed dramatically: The US Department of Justice under the Trump administration plans to "settle out of court" and enter into secret settlement negotiations with Apple Inc. (AAPL.US)

Apple (AAPL.US) is engaging in early discussions with the U.S. Department of Justice for a settlement regarding a lawsuit scheduled for 2024.

"Old Deng" counterattacks! Apple Inc. (AAPL.US) briefly surpasses NVIDIA Corporation (NVDA.US) to become the world's highest market value company.

When Nvidia's AI new model Kimi K3 caused a single-day drop of about 2%, Apple quietly surpassed it with its "non-burning money AI logic", briefly reclaiming the title of the world's largest market value. With capital expenditures accounting for only 2.5% of sales, the debut of the new version of Siri, and a rare upgrade to a buy rating by HSBC... multiple catalysts have combined to make Apple the most unexpected safe-haven winner in the AI wave.

"Burning money" frenzy comes with a cost: Oracle Corporation (ORCL.US) CDS surges to historic highs, bonds are just one step away from junk status!

The credit risk index of ABC company reached a record high in oracle bone inscriptions, and the market's concerns over the company's aggressive cash consumption and future profit capabilities of artificial intelligence investments have intensified.

The flames of war between the US and Iran reignite, hedge funds aggressively increase their positions in crude oil, setting the fastest pace in ten years.

The conflict between the US and Iran escalated suddenly, leading hedge funds to rapidly push up Brent crude oil prices at the fastest pace in nearly a decade. Net long positions surged by over 75,000 contracts in a single week, marking the largest increase since 2016. The attack and blockade of the Strait of Hormuz, combined with damage to Russian oil refineries, have resulted in a dual tightening of global fuel supplies, causing refining profits to soar to historic highs.

Silicon Valley is dissatisfied with the "sudden" export controls, the Trump administration plans to establish an "AI version of FINRA" to alleviate industry concerns.

According to sources familiar with the matter, the Trump administration is considering establishing an independent regulatory agency to review the safety of artificial intelligence models and to involve industry experts in the evaluation process.

SpaceX plans to provide AI computing power to the Pentagon, with the contract size potentially reaching several billion dollars.

SpaceX is currently negotiating with the US Department of Defense to provide data center computing power of up to several billion dollars for running AI models.

HK Bull/Bear Outstanding Qty Ratio(51:49) | July 18th

As of July 18th, the latest bull-bear ratio of the Hang Seng Index is 51:49.

Storage chip concept stocks experienced a cooling-off in the market. The Philadelphia Semiconductor Index fell into a technical bear market. Analysts believe that market expectations have clearly outpaced reality.

After experiencing a sharp rise driven by the storage chip market, the American semiconductor sector has seen a significant pullback.

Overnight US stocks | The three major indexs fell this week, with the Philadelphia Semiconductor Index dropping 10%, the largest weekly drop since April last year.

As of the close, the Dow Jones fell 406.55 points, a decrease of 0.77%, to 52,146.42 points; the Nasdaq fell 361.70 points, a decrease of 1.40%, to 25,520.24 points; the S&P 500 index fell 76.08 points, a decrease of 1.01%, to 7,457.69 points.

Trump's conflict of interest controversy escalates, America's digital asset market faces obstacles in promoting the "Clear Act."

The process of advancing the "Clarity Act" for the digital asset market in the United States Senate encountered resistance this week.

Meta (META.US) plans to lease AI computing power to Anthropic, seeking commercial returns through a capital expenditure of billions of dollars.

The artificial intelligence startup Anthropic is currently in preliminary discussions with Meta, planning to lease the latter's artificial intelligence computing resources in order to meet the growing demand for training and inference of large models.

Inflation cooling weakens expectation of rate hike in July, US treasury bonds rose slightly this week.

The U.S. Treasury market rose slightly this week as cooling inflation data boosted market sentiment, offsetting the pressure from the sharp rebound in international oil prices. Traders consequently significantly reduced bets on the Federal Reserve raising rates in July.

Military conflicts in the Middle East continue, international oil prices rose over 4% on the 17th.

Due to continued military conflicts in the Middle East, international crude oil futures prices fluctuated and rose on the 17th, with an increase of over 4% at the close. The price of the main contract for New York crude oil futures reached $80 per barrel for the first time in the past month. At the close of trading that day, the price of light crude oil futures for delivery in August on the New York Mercantile Exchange rose by $3.54 to settle at $82.49 per barrel, an increase of 4.48%; the price of London Brent crude oil futures for delivery in September rose by $3.87 to settle at $88.10 per barrel, an increase of 4.59%.

FTSE A50 futures continued to rise by 0.68% in overnight trading.

FTSE A50 futures continued to rise in overnight trading, closing up 0.68% at 14430 points.

Launch delays and lifting of restrictions add pressure as SpaceX's stock (SPCX.US) plunges, causing its market value to evaporate by trillions of dollars from its peak.

SpaceX stock price suffered a sharp drop on Friday, with its market value evaporating more than $1 trillion from its historical high.

US Stock Market Move | Customer churn concerns continue to suppress the stock price of Synopsys, Inc. (SNPS.US), with a significant drop of nearly 9%.

On Friday, NewSi Technology (SNPS.US) fell nearly 9% in early trading, hitting a low not seen since April 2025, now trading at $381.98.

Hawkish signals reemerge! Cleveland Fed President Harker says inflation remains a major concern.

Cleveland Federal Reserve President Loretta Mester said that in the context of resilient consumer spending and still low unemployment rates, the persistent high inflation is currently her main concern.

A-share evening hot topic | Margin trading concentrated in forced liquidation, securities firms batch liquidation? Clarification is here! No large-scale liquidation occurred

Margin call concentration? Many securities firms responded: No large-scale liquidation occurred.

The cost of hedging against US dollar fluctuations drops to the lowest level of the year, traders play down geopolitical shocks.

The hedging costs for US Dollar volatility have dropped to the lowest level this year, indicating that despite uncertainty surrounding the Federal Reserve's policy outlook and escalating tensions in the Middle East, traders currently believe that the likelihood of a significant catalyst that could disrupt major global reserve currencies in the short term is low.

US Stock Market Move | Semiconductor sector continues adjustment, Intel Corporation (INTC.US) falls over 3%

On Friday, the semiconductor sector continued to adjust.

US Stock Market Move | Q2 financial report sparks concerns about demand for medical technology. Intuitive Surgical, Inc. (ISRG.US) plunges more than 11% in early trading.

On Friday, Intuitive Surgical Inc (ISRG.US) plunged more than 11% in early trading, hitting a new low for the year, and is now trading at $357.13.

U.S. July consumer confidence rises to five-month high, consumers still concerned about rising inflation.

Boosted by falling gasoline prices, consumer confidence in the United States rose to its highest level in five months in early July.

Latest

50 m ago

US Central Command: Military personnel discover remains of unidentified bodies.

50 m ago

On Monday, the Sydney market opened with the US dollar against the Japanese yen trading roughly flat, fluctuating within the range of 162.38-162.43 yen. The euro against the US dollar fell by 0.06% to 1.1431; the British pound against the US dollar remained steady at 1.3453. Among commodity currencies, the Australian dollar against the US dollar fell by 0.2% to below 0.6970; the New Zealand dollar against the US dollar fell by 0.13% to below 0.5835; the US dollar against the Canadian dollar fell by 0.06% to below 1.4013.

1 h ago

Forest fires broke out in the southern French department of Var.

1 h ago

In the province of Guadalajara, Spain, the size of the wildfire reached 16,000 hectares.

1 h ago

Griffin Leasing Company: A Boeing 737 MAX 8 aircraft has been delivered and leased to VietJet Air.

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