GMT EIGHT - OPPORTUNITIES IN CHINA

Inflation reignites pressure on the doves to "defect"! Federal Reserve Vice Chairman Bowman releases rate hike signal, policy balance shifts towards tightening again.

Federal Reserve officials continue to send signals indicating that if the Middle East war leads to further increases in already high inflation, the institution may need to raise interest rates in the future.

Pizza Hut to sell itself? Yum! Brands, Inc. (YUM.US) is rumored to want to divest its "chicken ribs" business, with private equity newcomer LongRange obtaining exclusive negotiation rights.

Yum! Brands is currently in exclusive negotiations to sell its Pizza Hut chain business to LongRange Capital.

HK Bull/Bear Outstanding Qty Ratio(56:44) | May 30th

As of May 30th, the latest bull-bear ratio of the Hang Seng Index is 56:44.

Experiencing fear of falling overwhelms the need for safety. Hedging and selling stock options plummet, reducing insurance costs. Analysts: the market has not yet fully transitioned to being bullish.

Caution has become Wall Street's most expensive mistake.

Excess supply pressure in the U.S. natural gas market intensifies, hedge funds collectively bet on price decline for the first time in two years.

With the continuous abundant supply of natural gas in the United States, coupled with the possibility of reduced future export demand, hedge funds have turned bearish on the US natural gas market for the first time since 2024.

SpaceX wins over $4 billion contract from the US Department of Defense to build a satellite tracking system for Trump's "Space Fence" defense program.

SpaceX has been awarded a US defense contract worth over $4 billion to develop a satellite tracking system for the "Space Fence" missile defense program championed by President Trump.

Overnight US stocks | Three major indices hit new highs again, with the Nasdaq index accumulating an 8.36% increase this month. Dell Technologies, Inc. Class C technology (DELL.US) rose by 32.76%.

As of the close, the Dow rose 363.49 points, up 0.72% to 51032.46 points; the Nasdaq rose 55.15 points, up 0.20% to 26972.62 points; the S&P 500 index rose 16.43 points, up 0.22% to 7580.06 points.

US Stock Market Move | Spot gold and Bitcoin are soaring straight up, with concept stocks rising across the board.

US crude oil fell below $87, spot gold rose by up to 2%, breaking through $4590 per ounce; Bitcoin rose sharply, breaking through $74,000 at one point.

Has the rapid rise of the S&P 500 index come to an end? Analysts warn that it may slowly climb or even consolidate in the coming months.

The easiest money-making phase in the short term may have already passed.

AI "New Favorite" Ford Motor Company (F.US) stock price is heading towards the largest monthly increase in 17 years. Investors are highly focused on its electric vehicle battery business.

Ford Motor Company's stock price is heading towards its largest monthly increase in 17 years.

New stock news | True Health Medical sprints for Hong Kong IPO: approved by China Securities Regulatory Commission filing

Real Health Medical speeds up its Hong Kong IPO, approved by the China Securities Regulatory Commission.

US Stock Market Move | After being rejected by the FDA twice, Replimune (REPL.US) skin cancer drug sees a turnaround with its stock price skyrocketing over 77%.

As of the time of writing, the stock has risen more than 77%, reaching $8.27.

US Stock Market Move | The tea brand "Cha.us" surged over 19%, with the growth rate of GMV in China improving for two consecutive quarters.

On Friday, Chaodu Gesche (CHA.US) surged more than 19% to $12.13.

Evening hot spot for A shares | Hong Kong stocks see a surge in short selling of semiconductor companies, with Semiconductor Manufacturing International Corporation reaching record levels of short selling.

The short-selling data of SMIC International continues to rise, with the number of short-selling shares increasing significantly from 3.2025 million shares at the beginning of this month to 10.339 million shares.

US Stock Market Move | Storage concept stocks continue to rise, with Micron Technology, Inc. (MU.US) up more than 5%, reaching a record high stock price.

Storage concept stocks continued to rise, as of the time of writing, Micron Technology has risen by more than 5%.

Morgan Stanley admits short-selling mistakes, JP Morgan aggressively bullish... Dell Technologies, Inc. Class C (DELL.US) delivers explosive "AI report card", sparking a wave of target price upgrades on Wall Street.

After Dell announced its financial report, analysts are optimistic about its demand for artificial intelligence and servers.

US Stock Market Move | Dell Technologies, Inc. Class C technology (DELL.US) soared more than 33% in the first quarter of the fiscal year 2027, greatly exceeding expectations.

On Friday, Dell Technologies (DELL.US) surged over 33%, marking its biggest gain since 2024, reaching $422.42, hitting a new all-time high for its stock price.

U.S. stocks in the semiconductor, storage chip, server, and application software sectors are all surging, with many stocks reaching new historical highs.

The U.S. stock market has seen a full-scale surge in semiconductors, storage chips, servers, and application software. AMD rose by over 13%, Oracle rose by over 5%, Qualcomm rose by 5.3%, Intel rose by almost 4%, Broadcom rose by 3.2%, approaching historical highs. Micron Technology rose by 3.5%, continuing to set new historical highs; Microsoft rose by over 3%. ARM rose by nearly 5%, setting a new historical high again. Previously, Dell surged 35% at the opening, marking its largest increase since 2024.

The US trade deficit in goods for April narrowed more than expected, with export growth offsetting rising imports.

In April, the trade deficit in goods in the United States narrowed, reflecting an increase in exports of capital goods and consumer goods.

Dell's stock price soared 33% at the opening, marking the largest single-day increase since 2024.

US Stock Market Opening: Three major indexes rise together.

The Dow rose 0.09%, the S&P 500 rose 0.14%, and the Nasdaq rose 0.10%. Dell rose 32.34%, US NetStore rose 23.60%, Wisdom rose 11.15%, AMD rose 8.81%, HP rose 8.72%, NowServices rose 8.40%, and IBM rose 5.57%. As for the "Seven Sisters": Microsoft rose 1.94%, Apple rose 0.12%, Nvidia rose 0.03%, Meta Platforms fell 0.28%, Amazon fell 0.36%, Tesla fell 1.08%, and Google fell 1.77%.

Difficult to see a bidding war! CBRE Group, Inc. Class A sets its sights on acquiring Caesars Entertainment Inc (CZR.US): Fertitta has unique acquisition conditions, with a target price locked in at $31.

CBRE analysts believe that due to the large transaction size, high leverage, and cumbersome regulatory process, the bidding war for the acquisition of Caesar Entertainment is unlikely to happen, and Fertitta has a unique advantage.

New stock news | Union Semiconductor (688403.SH) submitted documents to the Hong Kong Stock Exchange, focusing on advanced packaging and testing solutions for DDIC.

According to the disclosure on May 29th by the Hong Kong Stock Exchange, Hefei Xinhui Cheng Microelectronics Co., Ltd. has submitted an application for listing on the Main Board of the Hong Kong Stock Exchange, with China International Capital Corporation Limited as the exclusive sponsor.

NetApp (NTAP.US) benefits from the "storage super cycle" windfall! Performance and guidance surpass expectations, prompting major banks to raise their target price.

American Webco announced better-than-expected performance and guidance, pushing the company's stock price to surge in pre-market trading on Friday in the US, and receiving positive ratings from several major Wall Street firms.

New stock news | Zhejiang China Commodities City Group (600415.SH) submitted application to Hong Kong Stock Exchange

According to the disclosure by the Hong Kong Stock Exchange on May 29, Zhejiang China Small Commodities City Group Co., Ltd. (referred to as "Small Commodities City", 600415.SH) submitted its listing application to the main board of the Hong Kong Stock Exchange, with HSBC and CITIC Securities as its joint sponsors.

Astrazeneca PLC Sponsored ADR (AZN.US) the new indication of benralizumab has been approved and launched

On May 29th, the NMPA official website showed that AstraZeneca's benralizumab has been approved for a new indication for the treatment of adult and adolescent patients aged 12 and above with hypereosinophilic syndrome without a clear non-hematologic secondary cause.

Spot prices skyrocket + inventory plummet, aluminum industry trapped in "supply black hole"

The shortage situation in the aluminum market continues to worsen.

Macao Monetary Authority: The funding cost of Macao banks generally decreased in the first quarter. The Macao SAR Interbank Offered Rate (MOR) at the end of March was 1.16%.

On May 29th, statistics released by the Monetary Authority of Macau indicated that the funding costs of Macau banks in the first quarter of 2026 were generally decreasing.

Stellantis (STLA.US) is not currently expanding its collaboration with Jaguar Land Rover and Tata to Europe, but is betting on partnerships with Chinese companies and self-developed technology.

Stellantis currently has no plans to expand its cooperation with Jaguar Land Rover and Tata Motors in the European market. It is currently evaluating the technical solutions for Alfa Romeo's large car models and considering introducing niche Jeep models produced in cooperation with Dongfeng into Europe.

Selected A-share announcements | China State Construction Engineering Corporation (601668.SH) recently won a major project worth 11.4 billion yuan.

The Chinese construction announcement mentioned that the company recently obtained a major project, which is the Kuidong-Kuzishan-Kuche Expressway Project KDK-TJSG-1 section of the G3033 highway. The project amount is 11.36 billion yuan, accounting for 0.5% of the audited operating income in 2025.

New Share Listing News | Union Semiconductor (688403.SH) Submits Application to Hong Kong Stock Exchange

According to the disclosure on May 29th by the Hong Kong Stock Exchange, Hefei Xinhui Cheng Microelectronics Co., Ltd. has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with CICC as the exclusive sponsor.

Chinese astronauts have broken another record.

The crew of Shenzhou-21 spacecraft entered the Chinese space station on November 1, 2025, and three astronauts stayed in orbit for 210 days, setting a new record for the longest single crew stay in orbit by Chinese astronauts.

The State Internet Information Office and four other departments jointly published the "Regulations on the Management of Internet Information Content Multi-Channel Distribution Services"

The relevant person in charge of the State Internet Information Office stated that the "Regulations" are aimed at promoting the standardized and healthy development of multi-channel distribution services for Internet information content, safeguarding the legitimate rights and interests of citizens, legal persons, and other organizations, and creating a good online ecosystem.

After acquiring the Macquarie asset management business, Nomura (NMR.US) plans to continue "sweeping up" in the United States to expand its territory.

Nomura Securities is seeking to acquire an American fund management company in order to expand its global business.

FIRST PACIFIC Davis: The first quarter of the Hong Kong Grade A office market recorded approximately 275,000 square feet of net absorption, with strong recovery momentum in the core areas.

The Grade A office market in Hong Kong showed partial signs of stability in the first quarter of 2026, with overall rental rates stabilizing and a slight improvement in the vacancy rate in the core business district (CBD).

US wholesale inventory month-on-month in April was 0.5%, below the expected 0.80% and lower than the previous value of 1.30%.

Preview of US Stock Market | The three major stock index futures rose together, while commercial aerospace stocks generally fell. Dell Technologies, Inc. Class C technology (DELL.US) and NetApp, Inc. (NTAP.US) soared after their earnings reports.

On May 29th (Friday) before the US stock market opened, the futures of the three major US stock indexes all rose.

New stock news | Shenzhen Longsys Electronics (301308.SZ) submitted a second filing to the Hong Kong Stock Exchange. The company's brand FORESEE ranks second among independent storage brands.

According to the prospectus, Jiangbolong is a leading global independent brand semiconductor memory manufacturer.

Shenzhou 22 manned spacecraft's return capsule landed at the Dongfeng landing site.

New stock news | Flooring product provider Bell Home applies to the Hong Kong Stock Exchange. Its products are sold in 128 countries and regions worldwide.

The company offers a wide range of PVC and wood flooring products for various end-use scenarios, including residential, commercial, mixed, or specialized applications.

New stock news | Shanghai W-Ibeda High Tech. Group (688071.SH), Weizhao Semiconductor, and other Hong Kong IPOs have had their materials accepted by the China Securities Regulatory Commission.

HuaYi Technology (688071.SH) and Weizhao Semiconductor, among other Hong Kong IPO companies, have had their application materials accepted by the China Securities Regulatory Commission.

Zhejiang China Small Commodities City Group Co., Ltd. has submitted its listing application to the Hong Kong Stock Exchange, with joint sponsors being HSBC and Citic Securities.

Inflation remains a "thorn in the eye"! Federal Reserve officials intensively hawkish: Be prepared for interest rate hikes.

If inflation does not quickly ease, raising interest rates may be put on the agenda.

Tesla, Inc. (TSLA.US) trillion-dollar valuation pillar faces a reality test: The size of the Robotaxi Texas fleet is only 42 vehicles, less than one-tenth of Waymo.

Official data from Texas shows that the scale of Tesla's Robotaxi is less than one-tenth of Waymo's.

The first store of Yushu Intelligent Living Experience Pavilion in Asia will open in Shanghai on May 31st.

Yushu Technology announced that on May 31, Yushu Technology's first intelligent experience store in Asia officially landed at 2/F, Jiuguang Department Store, 1618 Nanjing West Road, Jing'an District, Shanghai. The store features a lineup of G1 humanoid robots, R1 humanoid robots, and the full range of Go2 robot dogs, C-end star products.

The battle to defend the yen "burns" $73.6 billion! Japan's record intervention fails to stop the depreciation pressure, the market bets that further action may be taken.

The Japanese Ministry of Finance disclosed its first-ever record-breaking intervention in the foreign exchange market since 2024, using up to 11.73 trillion yen to support the yen. However, the massive investment did not reverse the depreciation trend and raised doubts about the limitations of unilateral intervention.

God 22 spacecraft separates the return module from the propulsion module.

Shenzhou 22 manned spacecraft's return module and propulsion module separated, and Shenzhou 21 astronauts Zhang Lu, Wu Fei, and Zhang Hongzhang officially began their journey home.

New stock news | Shenzhen Longsys Electronics (301308.SZ) submits a secondary listing application to the Hong Kong Stock Exchange

According to the prospectus, Jiangbolong is a leading global independent brand semiconductor memory manufacturer.

New Stock News | Belle Home submits application to Hong Kong Stock Exchange

According to the disclosure on May 29 by the Hong Kong Stock Exchange, Jiangsu Bell Home Technology Co., Ltd. (referred to as Bell Home) has submitted its listing application to the Main Board of the Hong Kong Stock Exchange, with DBS Group as its sole sponsor.

Ministry of Civil Affairs: Promote the timely inclusion of eligible rehabilitation aids in the scope of medical insurance, work-related injury insurance, and long-term care insurance payments.

On May 28th, the ninth plenary meeting of the Inter-Ministerial Joint Conference on the Accelerated Development of the Rehabilitation Assistive Devices Industry was held in Beijing. The meeting emphasized the need to focus on key points and further increase efforts to promote the development of the rehabilitation assistive devices industry. It is necessary to expand effective demand, understand the needs of different groups with functional disabilities, conduct pilot projects and application demonstrations for supply and demand matching, and continuously inject new momentum into the industry. It is important to cultivate market entities, optimize industrial layout, nurture a number of high-quality enterprises, promote the construction of technological innovation platforms, and support enterprises in expanding overseas markets. Efforts should be directed towards increasing promotion and application, selecting innovative application case studies, accelerating the cultivation and opening of application scenarios, improving service networks, and ensuring that quality products and services benefit more groups. Strengthening consumer support is also vital, by promoting the timely inclusion of qualified rehabilitation assistive devices in the scope of medical insurance, work-related injury insurance, and long-term care insurance payments to enhance consumer willingness. It is also important to strictly enforce quality management, strengthen comprehensive supervision of the rehabilitation assistive devices industry, improve product quality and configuration institution management, enhance intellectual property protection, accelerate the establishment of an industry statistical system, and strictly adhere to quality and safety standards.

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Hengyang, Hunan reported "rear-end collision of a hydrogen fluoride tank truck leading to hazardous chemical leakage": no casualties.

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Adani Enterprises will hold its annual shareholders' meeting on June 24th.

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Danish pension fund says SpaceX is "seriously overvalued".

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Asian rice prices surged 20% in May, with production threatened by war and weather conditions.

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Rural registered residents have not been issued housing subsidies for ten years after moving to the city? The Housing and Urban-Rural Development Bureau of Wusheng County, Sichuan Province is currently perfecting the payment plan.

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