GMT EIGHT - OPPORTUNITIES IN CHINA

US Stock Market Move | Concept stocks of encrypted currencies fell, Circle (CRCL.US) fell more than 6%.

On Thursday, cryptocurrency concept stocks fell.

US Stock Market Move | Qualcomm (QCOM.US) surged more than 7% in early trading, a 65% increase from its low point in April.

On Thursday, Qualcomm (QCOM.US) surged more than 7% in early trading, with its stock price up 65% from its low point in April.

PE ratio of only 10 times vs EPS growth of 327%: Why is Micron (MU. US) still attractive after its big rise?

Seeking Alphas quantitative research head Steve Cress said there is still a clear mismatch between Micron Technology's valuation and growth prospects.

US Stock Market Move | Downward revision of 2026 financial performance guidance by Zoetis (ZTS.US) leads to a more than 20% plunge in pre-market trading.

On Thursday, Zoetis (ZTS.US) plunged more than 20% in early trading, hitting a new low at 88.05 US dollars.

Arm Holdings (ARM.US) fell by about 10% after its performance report. Wall Street institutions remain optimistic about its development prospects. Morgan Stanley and RBC have raised their target prices.

Several Wall Street institutions remain optimistic about Arm's prospects in the age of "AI Smart Bodies."

US Stock Market Move | Nasdaq continues to hit new all-time highs, most star tech stocks are up. Tesla, Inc. (TSLA.US) rose more than 3%.

On Thursday, the Nasdaq rose 0.6% in early trading, hitting a new all-time high, with most tech stocks rising.

In the first quarter, the net profit attributable to the parent of ZHOU LIU FU (06168) increased by about 29% year-on-year.

On Saturday, Chow Tai Fook (06168) announced that in the first quarter of 2026, the Group achieved an operating income of approximately RMB 1.273 billion, benefiting from factors such as a significant increase of about 50% in gross profit contributed by the online channels of the "Chow Tai Fook" and "Meowter" brands. The profitability indicators of the Group's consolidated financial statements further improved, with the net profit attributable to the shareholders of the listed company increasing by approximately 29% year-on-year.

Technology's seven giants once again dominate the US stock market, Goldman Sachs says core earnings are overvalued by the market.

Goldman Sachs stated that the investment-related returns of some large technology companies significantly boosted the overall data, leading to a possible "overestimation" of the actual profit growth of the company.

US Stock Market Move | Self-developed chips encountered production bottleneck, Arm Holdings (ARM.US) fell nearly 8% after earnings.

On Thursday, Arm Holdings (ARM.US) fell nearly 8% after earnings, now trading at $219.85.

US Stock Market Move | Precious metal stocks continued to rise at the beginning of trading. Hecla Mining Company (HL.US) rose nearly 5%.

On Thursday, the precious metal stocks continued to rise in the early trading session.

The AI wave boosts US productivity to its strongest growth in two years! The layout of intelligent entities is still in the early stages, and the bull market of AI application leaders is far from over.

Although the growth rate is slowing down, this trend of growth indicates that companies are gradually improving employee efficiency with cutting-edge AI technology to alleviate the higher energy costs pressure caused by the Middle East geopolitical conflicts.

US Stock Market Move | AI application software stocks surged, Datadog (DDOG.US) soared over 30%.

On Thursday, AI application software stocks strengthened.

Apple's stock price hit a record high, rising 0.7% most recently.

Sales have increased for six consecutive months! Tesla, Inc. (TSLA.US) delivered nearly 80,000 electric vehicles produced in China in April.

Data shows that the total delivery volume of Model 3 and Model Y produced at Tesla's Shanghai factory (including the share exported to Europe and other markets) is 79,478 units.

US stock market opening: The three major stock indexes all rise.

The Dow rose 0.39%, the S&P 500 rose 0.09%, and the Nasdaq rose 0.14%. Datadog rose 34.58%, Feitai Information rose 19.19%, HWM rose 9.19%, Agilent Technologies rose 9.00%, and DoorDash rose 8.33%. As for the "Big Tech" companies: Tesla rose 2.60%, Microsoft rose 1.87%, Meta Platforms rose 0.59%, Apple rose 0.45%, Google rose 0.23%, Amazon fell 0.19%, and Nvidia fell 0.39%.

"Low layoffs and low dismissals" pattern solidifies the labor market, with the number of initial claims for unemployment benefits in the United States rising to 200,000 last week.

The number of initial claims for unemployment benefits in the United States last week saw a slight rebound after falling to their lowest level in nearly several decades the week before, indicating that although several companies have announced layoffs recently, the overall scale of layoffs remains limited.

Is the key to the rise and fall of gold in the hands of the Federal Reserve? Morgan Stanley: Gold is expected to rise to $5200 by the end of the year, with another rate cut!

Despite the fact that the price of gold is still far below the peak of nearly $5,600 set at the end of January, a major Wall Street firm predicts that the price of gold will continue to rise throughout the year and could potentially reach $5,200 per ounce.

New Stock News | He Gaoxin has again submitted documents to the Hong Kong Stock Exchange, ranking eighth among global professional AI optical module providers.

According to the disclosure by the Hong Kong Stock Exchange on May 7, Beijing HGVchip Technology Co., Ltd. (referred to as HGVchip) has once again submitted its listing application to the main board of the Hong Kong Stock Exchange, with Huatai International as its exclusive sponsor.

Quantitative model triggers callback alert! Is it time for a cooling-off period for the US stock market dominated by the AI computing power frenzy?

The U.S. stock market has experienced a historic surge, continuously reaching new highs, but signs of overheated market sentiment indicate that this upward trend may be entering a slowdown phase. Despite the strong rebound in the market, market breadth remains narrow, with only about half of the trading prices of S&P 500 index component stocks higher than their 50-day moving average.

Quantum computing track now in turmoil: IonQ financial report exceeded expectations but was still sold off, major banks unanimously raised target price to support growth momentum.

Despite exceeding expectations in both first quarter performance and outlook, and gaining favor from analysts, the stock price of quantum computing company IonQ (IONQ.US) still fell in pre-market trading on Thursday.

To maintain LNG exports, UAE's ADNOC activates "stealth mode": transport ships turn off transponders to forcefully pass through the Strait of Hormuz.

In order to continue passage through the conflict-ridden Strait of Hormuz, the Abu Dhabi National Oil Company (ADNOC) of the UAE successfully maintained the export transportation of a small amount of liquefied natural gas (LNG) by adopting a concealed oil tanker positioning method.

Hong Kong property market: In April, the residential property transaction volume and amount in Hong Kong both increased by more than 14% on a monthly basis, reaching a 2-year high.

In April, Hong Kong residential property transactions recorded 7,729 registrations, an increase of about 14.3% compared to March's 6,763 registrations; involving a total registration amount of about 648.67 billion Hong Kong dollars, an increase of about 14.4% compared to March's 566.87 billion Hong Kong dollars.

Brent crude oil fell 5% intraday, now trading at $96.20 per barrel.

Hong Kong Rating and Valuation Department: 1,564 private residential units completed in the first quarter, reaching a near seven-year low.

The latest "Hong Kong Property Monthly Digest" published by the Hong Kong Rating and Valuation Department shows that in March, the number of completed private residential units in Hong Kong decreased by 664 units compared to the previous month, or by 62.17%, with a total of 404 units completed.

New stock news | HiSilicon is submitting documents to the Hong Kong Stock Exchange again.

According to the disclosure on May 7 by the Hong Kong Stock Exchange, Beijing Hai Guangxin Technology Co., Ltd. (referred to as "Hai Guangxin") has once again submitted its listing application to the Main Board of the Hong Kong Stock Exchange, with Huatai International as its sole sponsor.

Preview of US Stock Market | The three major stock index futures rose together, and Iran's delineation of two Hormuz shipping lanes caused oil prices to plummet.

On May 7th (Thursday) before the US stock market opened, the futures of the three major US stock indexes all rose.

Brent crude oil fell below $97 per barrel, dropping by 4.26% during the day.

Brent crude fell 4% during the day and is now trading at $97.21 per barrel.

Spot silver rose 5% intraday, currently trading at $81.21 per ounce.

McDonald's Corporation (MCD.US) Q1 performance has mixed results: revenue and profits exceeded expectations, but the growth of same-store sales in the United States fell short of targets.

Global fast food giant McDonald's announced its first-quarter financial results on Thursday.

New stock preview | The hot safety market's annual compound growth is nearly 40%, why is Zeff Intelligent still trapped in a "burning money" dilemma?

In the current rapidly expanding market of thermal safety, worth billions, what are the chances of Zhefu Intelligence succeeding in its attempt to enter the Hong Kong stock market?

Selected Announcement of A-shares | No injection plan within the next year Guangdong High Dream Intellectualized Machinery (300720.SZ) clarifies false rumors about Xinyue Semiconductor.

Hai Chuan Intelligence has issued a clarification announcement stating that the controlling shareholder has no plans to inject Xinyue into the company in the next 12 months. The online claim that Xinyue's main products are indium phosphide substrates is a misinterpretation of their business and products.

The Japanese government's "intervention hand" once again reaches the foreign exchange market! The Ministry of Finance is suspected of adding an additional $30 billion to support the Japanese yen.

The Japanese fiscal authorities may have used an additional $30 billion to intervene in the foreign exchange market to support the yen. According to a comparison of Japanese bank accounts, the scale of this market intervention may be around 4.68 trillion yen.

Iran designates two shipping lanes for vessels to pass through the Strait of Hormuz.

According to Iranian media reports on the 7th, the Iranian Islamic Revolutionary Guard Corps Navy has designated two shipping lanes for vessel passage, and vessels may not pass through the Strait of Hormuz without permission from Iran.

Deutsche Bank: The deployment of the Anthropic AI financial intelligence body is moving towards scale, but traditional legacy systems and regulatory compliance remain "obstacles."

A report from Deutsche Bank Research Institute shows that the "plug-and-play" artificial intelligence financial intelligent entity developed by Anthropic Company may streamline core banking processes.

Li Qiang meets with a delegation of US senators.

On the afternoon of May 7th, Chinese Premier Li Keqiang met with a delegation of US Congress Senator Daines visiting China at the Great Hall of the People in Beijing. Li pointed out that practice has repeatedly proven that adhering to mutual respect, peaceful coexistence, and win-win cooperation is the correct way for China and the US, two major countries, to get along. He hopes that the US and China will move towards each other, engage in more dialogue rather than confrontation, engage in more mutually beneficial cooperation rather than zero-sum games, and uphold stable and predictable economic and trade relations, which is in the fundamental interests of both countries. The Taiwan issue concerns China's core interests and is the first in a non-negotiable red line in US-China relations. He hopes that the US Congress will handle issues related to China carefully and from the perspective of promoting friendly cooperation between the US and China, playing a positive role in the stable, healthy, and sustainable development of US-China relations.

Hong Kong Monetary Authority launches Cargo project pilot program

On May 7th, the Hong Kong Monetary Authority announced the launch of the CargoX Project Pilot Program (Pilot Program).

White House digital asset advisor: Striving to finalize the legislation of the "Clear Act on the Digital Asset Market" by July 4th.

Patrick Witt, Executive Director of the United States White House Digital Asset Advisory Committee, revealed on Wednesday at CoinDesk's Consensus conference in Miami that the White House is pushing for Congress to pass the "Digital Asset Market Clarity Act" (CLARITY Act) before July 4th.

Hong Kong Exchanges and Clearing Limited: As of the end of April, the total market value of the Hong Kong stock market was HK$48 trillion, a 24% increase year-on-year.

At the end of April 2026, the total market value of the Hong Kong stock market was 48.0 trillion Hong Kong dollars, an increase of 24% from the same period last year when it was 38.8 trillion Hong Kong dollars.

Guangzhou Exchange: According to the relevant regulations such as the "Guangzhou Futures Exchange Delivery Management Measures" and "Guangzhou Futures Exchange Futures Registered Brand Management Regulations", it has been decided after research to suspend the registration brand qualifications of "Daquan" brand polycrystalline silicon futures. The above matters shall take effect immediately.

MIIT: In the first quarter, China's Internet companies completed a year-on-year growth of 10.6% in Internet business revenue.

In the first quarter, the revenue from internet businesses maintained steady growth, the growth rate of total profits accelerated, research and development expenditures maintained a fast growth momentum, and some regions showed good growth momentum.

EU bans funding support for projects using Chinese inverters, Ministry of Commerce responds.

The European side, without any actual evidence, for the first time categorizes China as a so-called "high-risk country" and uses this as a reason to prohibit funding support for projects using Chinese inverters. This is a stigmatization of China and constitutes unfair and discriminatory treatment of Chinese products. China firmly rejects and opposes this.

Northbound funds | Northern Water net sold 4.797 billion, US-Iran negotiations disrupted international oil prices, Northern Water sold over 500 million Hong Kong dollars in CNOOC (00883).

On May 7th, in the Hong Kong stock market, Northbound trading saw a net outflow of 4.797 billion Hong Kong dollars. Among them, the net outflow of Hong Kong Stock Connect (Shanghai) was 2.095 billion Hong Kong dollars, and the net outflow of Hong Kong Stock Connect (Shenzhen) was 2.702 billion Hong Kong dollars.

Using super voting rights to create the "Musk Charter"! Reshaping the power boundaries of founders before the SpaceX IPO paves the way for ambitious AI computing power in the universe.

The SpaceX IPO gives Musk broad powers and limits shareholder rights, documents show, with collective shareholder rights strictly restricted, including mandatory arbitration and super-voting share system.

Southbound funds net sold 4.797 billion Hong Kong dollars today.

In terms of the Hong Kong stock connect (Shanghai), CNOOC and Cambridge Technology respectively received net purchases of 194 million Hong Kong dollars and 691.38 million Hong Kong dollars; Tencent Holdings had the highest net sales amounting to 1.29 billion Hong Kong dollars. In terms of the Hong Kong stock connect (Shenzhen), SMIC and Fiberhome Telecommunication received net purchases of 1.294 billion Hong Kong dollars and 418 million Hong Kong dollars respectively; Tencent Holdings had the highest net sales amounting to 1.449 billion Hong Kong dollars.

Spot silver broke through $80 per ounce, rising 3.47% intraday.

Previous day bank officials intervention: Tokyo may continue to take action to protect the exchange rate, but unable to change the overall trend of the weakening yen.

Former central bank official Jun Takeuchi said Japan likely intervened during the Golden Week holiday.

People's Bank of China: In April, a net amount of 400 billion yuan was injected into the market through open market operations of government bonds.

French ship Delphine Sai Gon container ship rare crossing of the Hormuz Strait breaks the deadlock of Western European shipping.

A French container ship has appeared in the Arabian Sea, with its last recorded position in the Persian Gulf. This marks the rare completion of a passage through the Strait of Hormuz for this Western European vessel.

Hong Kong Monetary Authority: Official foreign exchange reserves as of the end of April amounted to US$442.1 billion.

On May 7, the Hong Kong Monetary Authority announced that Hong Kong's official foreign exchange reserves at the end of April 2026 were $442.1 billion (compared to $430.8 billion at the end of March 2026).

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