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Strategist Hao Hong notes Hong Kong market capital is concentrated on IPO subscriptions, leaving the Hang Seng Tech Index adrift. A short-term technical rebound is possible, but high-valuation tech stocks face long-term pressures from lock-up expiries, lack of AI narrative, and insider selling. Overall valuations are low, yet structural risks remain significant.
Read MorePakistan and Qatar have established new communication channels between the US and Iran, aiming to halt military actions and revive talks based on the "Islamabad Memorandum." Despite escalating conflict, mediators remain optimistic about diplomatic prospects.
Read MoreUS regulators have moved to block CME Group's accelerated application to list 24-hour oil futures contracts. Concerns center on whether energy markets currently have the infrastructure and liquidity to handle a surge in round-the-clock derivatives trading, according to the Financial Times.
Read MoreVeriSilicon announced that the National Integrated Circuit Industry Investment Fund, a major shareholder, plans to sell up to 0.20% of its stake for internal capital management needs. While the proportion is small, this move by a state-level industry investor draws attention to capital flow trends in the semiconductor sector.
Read MoreBank of America argues that market fears over NVIDIA are overblown. Despite competitive and cost concerns, its fundamentals remain strong. Trading at a 7-year valuation low with a 30-35% discount to large tech peers, its sales and EPS growth lead significantly. The AI data center market is expected to expand, with NVIDIA likely maintaining its dominant share of AI capex.
Read MoreMicron Technology unveils a massive U.S. investment plan exceeding $250 billion by 2035. The strategy aims to boost domestic DRAM production to 40% of its global output and create tens of thousands of jobs, signaling a major shift in semiconductor manufacturing.
Read MoreThe AI-driven surge in demand is fueling a global expansion of memory chip manufacturing. Bank of America sees Swiss equipment supplier Comet as a prime beneficiary due to its available capacity, significantly raising its revenue and profit margin forecasts through 2028.
Read MoreThe UK Foreign Secretary warns that Iran is using the strategically vital Strait of Hormuz as a bargaining chip in geopolitical negotiations, raising international concerns over regional stability and global energy security. This highlights ongoing tensions over Iran's nuclear program.
Read MoreGigaDevice forecasts a net profit of approximately 6.9 billion yuan for the first half of 2026, surging nearly 1099% year-on-year. The explosive growth is driven by tight supply in the memory chip sector, leading to higher volumes and prices for its products, alongside expanded microcontroller shipments.
Read MoreIran launched coordinated missile strikes against multiple US bases using its new "Kheibar Shekan" ballistic missile, while also targeting American vessels near Bahrain with cruise missiles. This marks the weapon's combat debut and signals escalated regional tensions.
Read MoreBank of America has added Meta Platforms to its "US 1 List" of top stock picks, signaling strong institutional confidence in the company's AI initiatives, advertising rebound, and operational efficiency. This move highlights key investment trends for the tech sector.
Read MoreThe ECB's July meeting minutes indicate that despite three rate hikes, inflation is set to rise further this summer and remain above target until at least early 2027. Officials see upside risks, warning that persistent energy prices could prolong the inflationary period.
Read MoreAI firm Anthropic's valuation on the secondary market has skyrocketed to $1.2 trillion, far exceeding expectations. This surge reflects intense capital market enthusiasm for elite AI technology and signals a major shift in the industry's investment landscape and future potential.
Read MoreA Reuters survey indicates the U.S. 10-year Treasury yield is expected to fall to 4.48% within three months and hold steady for the following quarter. The one-year forecast is 4.39%, slightly higher than last month's projections, signaling adjusted market expectations for interest rates.
Read MoreS&P 500 futures erased all pre-market gains in a sharp reversal, turning lower ahead of the opening bell. This sudden shift highlights increased volatility and raises questions about near-term market direction and underlying catalysts, drawing close attention from traders.
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