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On June 18th, Zhongji Xuchuang's stock surged over 6% in the afternoon, pushing its total market value beyond 1.52 trillion yuan. This historic move saw it overtake Kweichow Moutai to secure the ninth position among A-share listed companies, highlighting shifting investor focus.
Read MoreOn June 18th, Hong Kong-listed AI firm Zhipu (2513.HK) surged over 22% in late trading, hitting a record high of HK$2,038. This rally pushed its market valuation past HK$900 billion, highlighting robust investor confidence in its AI technology.
Read MoreU.S. strategic petroleum reserves are depleting at a startling rate, with a key hub reaching historic lows. This threatens global energy stability and market pricing, signaling potential supply chain disruptions and geopolitical shifts ahead.
Read MoreChina's MIIT and six other ministries have issued an action plan to foster collaboration between large and small enterprises in the platform economy. It guides platform companies to innovate in AI, including general-purpose and industry-specific large models, and intelligent agents, while advancing breakthroughs in high-end chips and next-gen operating systems.
Read MoreOn June 18, Cambricon's stock surged over 16%, hitting a record high with its market cap nearing one trillion yuan. Market focus centers on procurement dynamics of domestic AI chips, with recent rumors suggesting increased purchases by internet giants. The company clarified that circulated internal meeting notes are inaccurate, urging investors to rely on official information.
Read MoreHong Kong's global competitiveness has climbed to second place in the latest international rankings, marking its highest position since 2019. This three-year consecutive rise highlights the city's economic resilience and dynamic business environment.
Read MoreFour digital assets have been placed under review and added to a watchlist due to market performance and compliance checks. This indicates elevated volatility and potential risks, with continuous monitoring for future listing status adjustments. Caution is advised for traders.
Read MoreChina's NDRC announced another fuel price cut, reducing gasoline and diesel prices per ton. This marks the second consecutive drop, pushing diesel prices into the 7.7-7.9 yuan/liter range nationally and lowering 92-octane gasoline retail caps. The move significantly reduces vehicle operating costs for millions of drivers.
Read MoreThe Federal Reserve hinted at potential rate hikes later this year, pushing the dollar to multi-week highs. This policy shift underscores its inflation fight, with markets watching for broader currency impacts.
Read MoreMichelle Bond, wife of former FTX executive Ryan Salame, faces four felony charges for allegedly using FTX funds to illegally finance her 2022 congressional campaign. A judge denied her motion to dismiss the case. Each charge carries up to five years in prison, potentially marking one of the final criminal trials linked to the FTX collapse.
Read MoreOn June 18, two major Asian stock markets showed robust performance. The Nikkei 225 index broke through a historic barrier, closing above 71,000 points for the first time with a gain of 1.65%. Meanwhile, South Korea's KOSPI index also posted a significant rise of 2.25%, closing above 9,060 points, indicating active momentum in the Asian capital markets.
Read MoreOn June 18, Israel conducted airstrikes and artillery fire in southern Lebanon's Nabatieh and Kfar Tibnit areas. The attacks resulted in one fatality and multiple injuries, marking a significant escalation of tensions along the border and drawing widespread regional attention.
Read MoreBinance has officially announced that the RE token will begin trading tonight at 20:00 (UTC+8). Users who participated in the Prime Sale can check their balances and trade on the Binance Alpha platform.
Read MoreA major Ethereum holder transferred 43,235 ETH worth $74.68 million to Binance, while maintaining a staked position. The move comes amid an unrealized loss of approximately $12.7 million on their overall holdings.
Read MoreMovement integrates NEAR Intents, enabling users to deposit assets from over 20 chains like Tron, Ethereum, and Polygon to earn stablecoin yields effortlessly. The system automates cross-chain routing and gas management via intent-based networks, offering builders a single API for robust yield infrastructure.
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