GMT EIGHT - OPPORTUNITIES IN CHINA

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.

US Stock Market Move | The first flight after the IPO is postponed, SpaceX (SPCX.US) opens with a more than 4% drop.

On Friday, SpaceX (SPCX.US) opened with a drop of over 4%, causing the stock price to plummet by 38% from its peak, leading to a market value evaporating by over a trillion dollars.

US Stock Market Move | Storage chip concept stocks rise and fall differently. SK Hynix (SKHY.US) once rose more than 6%.

The concept stocks of storage chips experienced huge fluctuations after the market opened.

US Stock Market Move | The world's largest market capitalization company changed hands! NVIDIA Corporation (NVDA.US) fell more than 3%, and its market value was surpassed by Apple Inc. (AAPL.US)

On Friday, with AI technology stocks continuing to be sold off, Apple (AAPL.US) surpassed Nvidia (NVDA.US) in market value, returning to the global number one spot after three months.

SK Hynix's US stock price recovered by 4% from the previous decline, currently up 0.64% to $153.285 per share, with a total market value of $1.12 trillion.

The Nasdaq 100 index fell to an intraday low, dropping 2.7%.

US Stock Market Move | Q3 guidance lower than expected, Netflix (NFLX.US) opens down more than 10%

On Friday, Netflix (NFLX.US) opened with a sharp drop of over 10%, marking the largest decline since April 2022, now trading at $66.19.

Philadelphia Semiconductor Index fell over 5%, AMD dropped more than 7%, Intel fell more than 6%, and TSMC dropped over 5%.

The ultimate battle between bulls and bears will take place on July 30th! HSBC leads the way in being bullish, can Apple Inc. (AAPL.US) leverage the benefits of edge AI to impact a market value of 5 trillion?

HSBC recently raised Apple's rating to "buy," reflecting the growing optimism on Wall Street about the market position of the iPhone manufacturer.

South Korea's AI trading shock triggers a global style switch! Amid the capital outflow, "quantitative safe trading" returns to Wall Street.

As people's concerns about the artificial intelligence industry intensify, investors are seeking to invest in financially stable companies. Over the past two months, there has been an increase in the investment style of buying high-quality stocks. On Thursday, a sell-off of chip stocks led to a decline in the Nasdaq 100 index, while Barclays Bank's long-short high-quality stock portfolio rose as a result.

Space exploration technology company's stock price plummeted by 38% from its peak, and its market value may evaporate by 1 trillion dollars.

US new home construction in June jumps 19%: Multi-family home construction surges 76% to "hold the fort," while single-family home construction remains stagnant in the cold.

New housing starts in the United States jumped by 19% month-on-month in June, but the strong performance was solely driven by volatile apartment projects. Single-family home starts and building permits continued to decline, highlighting that high interest rates, high inventory, and the uncertainty brought by conflicts in the Middle East are persistently suppressing residential investment.

US stocks opened: the three major stock indexes fell together.

The Dow fell 1.00%, the S&P 500 fell 1.20%, and the Nasdaq fell 1.80%. Netflix dropped 11.39%, Intuitive Surgical fell 10.39%, Kengton Electronics dropped 6.50%, and Comfort Systems USA fell 6.27%. As for the "Big Seven": Apple fell 0.12%, Microsoft fell 1.79%, Amazon fell 1.80%, Google fell 2.00%, Nvidia fell 2.29%, Tesla fell 2.45%, and Meta Platforms fell 2.97%.

New Stock News | Baoji Yuanhe submits application to the Hong Kong Stock Exchange, ranking first in Hong Kong's traditional Chinese medicine market.

According to the disclosure by the Hong Kong Stock Exchange on July 17, Baoji Yuenhe (TCM) Limited (referred to as Baoji Yuenhe) submitted an application for listing on the main board of the Hong Kong Stock Exchange, with Huafu Jianye Corporate Finance Limited as the exclusive sponsor.

The Nasdaq 100 index futures fell further by 2%, reaching 28638.78 points.

Ministry of Industry and Information Technology: Deploying work related to supervision and inspection of automobile production enterprises and products.

On July 17th, the Equipment Industry Department of the Ministry of Industry and Information Technology organized a symposium for key automobile manufacturing enterprises.

Brent crude rose 3% intraday and is now trading at $86.76 per barrel.

After the stock price evaporated by three quarters, Circle (CRCL.US) faced another blow: Visa, BlackRock, Inc. ganged up to besiege, Mizuho pessimistic to $50.

Since its initial public offering (IPO) last year and reaching its peak at one point, Circle's stock price has now evaporated by over three quarters. With more stablecoins flooding the market, analysts warn that the worst may yet to come.

Why is the current drop in Bitcoin much more dangerous than the "2022 winter": there are no black swans, only "sell sell sell"

The current decline in cryptocurrency is different from the "event-driven cold winter" triggered by exchanges going bankrupt, leverage liquidation, or project fraud in the past, and is closer to a slow and profound ebb in demand.

New Stock News | Bohe Yuanhe submits applications to Hong Kong Stock Exchange

According to the disclosure on July 17th by the Hong Kong Stock Exchange, Baoji Yuen Ho (TCM) Limited (referred to as Baoji Yuen Ho) submitted an application for listing on the main board of the Hong Kong Stock Exchange, with Huafu Jianye Corporate Finance as the exclusive sponsor.

AI monster "sucks blood" from traditional software stocks! IBM historic crash, the most brutal budget cleansing in the tech world is unfolding.

IBM's sales warning issued this week, which fell far short of expectations, highlights the widening gap between winners in the artificial intelligence race and other participants in the tech industry.

Preview of US Stock Market | The three major stock index futures all fell, the panic index skyrocketed, and Federal Reserve officials intensified their hawkish stance.

On July 17th (Friday), before the stock market opening, the futures of the three major US stock indexes all fell.

A-share announcement highlights | Photovoltaic leader TCL Zhonghuan Renewable Energy Technology (002129.SZ) plans to increase its investment in the semiconductor industry by 10 billion.

In TCL's circle: Subsidiary intends to invest 11.96 billion yuan to build a large silicon wafer project for integrated circuits in Shenzhen.

Asia-Pacific stock markets suffered a "bloodbath"! Analysts say tech stocks are bleeding heavily, global liquidity is flashing a red light.

As the global technology stocks plunge worsened, the benchmark stock indexes in Japan and Taiwan fell by as much as 6%.

Margin trading forced liquidation? Multiple brokerage firms responded: No large-scale liquidation occurred.

This afternoon, rumors on social platforms spread about centralized margin account liquidation and brokerages forcing mass liquidation, causing investors to worry. Reporters immediately interviewed multiple brokerages, and it was found that the actual market situation is significantly different from the panic rumors circulating online. The interviewed brokerage personnel all clearly stated that the overall risk of margin trading is under control, and there is no large-scale forced liquidation. It is true that some accounts have reached their warning line or margin call line, but forced liquidation is only individual cases.

It is not the AI bubble that is about to burst, but escaping the crowd! Wall Street's strategy is shifting from "AI computing power beta" to "cash flow alpha"

The strategy direction of top Wall Street strategists teams such as Citigroup and Morgan Stanley has shifted from "AI computing power infrastructure beta" to high quality, low momentum, abundant cash flow, and strong fundamental cyclical sectors and defensive stocks with this year's gains far behind technology stocks.

In the first half of the year, the number of inbound tourists to Macau increased by 9% to 20.94 million, with mainland Chinese tourists increasing by 11% year-on-year.

According to the analysis of customer sources, the number of mainland Chinese tourists in the first half of the year increased by 11.0% year-on-year to 15,286,203, with independent travelers (8,417,542) increasing by 13.6%.

New Stock News | Zhongji Innolight (300308.SZ) Hong Kong IPO Approved by China Securities Regulatory Commission

On July 17, the International Cooperation Department of the China Securities Regulatory Commission issued the "Notice on the Record of Overseas Issuance and Listing of China International Travel Service Corporation Limited".

"The people who understand the company the best" accelerate their exits: US stock executives cash out $77.6 billion in the first half of the year, marking the second fastest pace in over twenty years.

In the first half of this year, the pace at which US corporate executives have been selling their shares has set the second fastest record in over twenty years.

New Stock News | Farasis Energy's Hong Kong Stock IPO and Domestic Unlisted Shares "Fully Circulated" approved by the China Securities Regulatory Commission

On July 17th, the International Cooperation Department of the China Securities Regulatory Commission issued the "Notice on the Overseas Issue and Listing of Shenzhen Transfar Energy Storage Technology Co., Ltd. and the 'Full Circulation' Filing of Unlisted Shares in China".

New Stock News | Yuanji Food Hong Kong Stock IPO and domestic unlisted shares "fully tradable" approved by the China Securities Regulatory Commission

On July 17th, the International Cooperation Department of the China Securities Regulatory Commission issued a "Notice on the Filing for Overseas Issuance and Listing of Yuanji Food Group Co., Ltd. and the Full Circulation of Unlisted Shares in China".

Sun Dong: Hong Kong is rapidly building itself into an international innovation and technology center, driving the development of artificial intelligence in all aspects.

On July 17, at the 2026 World Artificial Intelligence Conference - AI-Driven Economy Frontier and Global Collaboration Forum, the Secretary for Innovation and Technology of Hong Kong, Mr. Sun Dong, delivered a speech.

Brent crude rose 2% intraday and is now trading at $85.94 per barrel.

Central Bank: As of the end of June, overseas institutions held 3.20 trillion yuan in bonds in the interbank market.

In June, the turnover of foreign institutions in the interbank bond market was approximately 1.71 trillion yuan, with an average daily turnover of around 814 billion yuan.

Northbound funds | Northbound trading recorded a net selling of 1.457 billion RMB, Hong Kong stock ETFs received increased positions, and AI hardware and software were both sold off.

On July 17, the Hong Kong stock market saw a net sell of 1.457 billion Hong Kong dollars by Northbound investors. Among them, the Shanghai-Hong Kong Stock Connect saw a net buy of 1.91 billion Hong Kong dollars, while the Shenzhen-Hong Kong Stock Connect saw a net sell of 3.367 billion Hong Kong dollars.

Southbound funds net sold 14.57 billion yuan today. Regarding the Hong Kong Stock Connect (Shanghai), Meituan-W and Alibaba-W received net sales of 966 million yuan and 962 million yuan respectively; Zhp had the highest net purchase amount of 1.13 billion yuan; as for the Hong Kong Stock Connect (Shenzhen), SMIC and Hua Hong Semiconductor received net sales of 2.014 billion yuan and 1.633 billion yuan respectively; Yingfuhu Fund had the highest net purchase amount of 2.975 billion yuan.

Car delivery is the foundation, physical AI is the bull market engine! Tesla, Inc. (TSLA.US) performance is coming, Morgan Stanley is closely focused on Robotaxi, Optimus Prime, and energy storage "three arrows in a row"

The strong delivery of cars and energy storage has improved Tesla's recent profit bottom line, but the decision on whether Tesla can be re-rated is not based on selling tens of thousands more cars. It depends on whether Robotaxi, FSD, and Optimus can prove that Tesla's exclusive physical AI system has entered the commercialization phase at scale.

In June, the number of Comprehensive Social Security Assistance cases in Hong Kong increased by 0.1% compared to the previous month. Both low-income and single-parent categories saw a decrease.

As of the end of June, the total number of Comprehensive Social Security Assistance cases received was 194,548, benefiting a total of 256,732 individuals.

"It's getting harder and harder to find reasons to be bearish! UBS takes the lead in turning around, with many major banks simultaneously raising their expectations for European stocks"

A recent survey shows that with the continued recovery of profits in European companies, the market generally believes that the current uptrend can withstand recent geopolitical risks. Optimism among major investment bank strategists towards the European stock market is on the rise.

Smart Body Initiative for Global Cooperation in Mutual Trust, Interconnection, and Interoperation.

On July 17th, the Cyberspace Administration of China, together with relevant parties, proposed the "Global Initiative for Intelligent Entity Mutual Trust, Interconnection and Interoperability" at the main forum of the 2026 World Artificial Intelligence Conference and the High-Level Meeting on Global Governance of Artificial Intelligence.

After the Minister of Finance, the Prime Minister speaks again! Koizumi emphasized that GPIF should increase its allocation to Japanese assets.

Japanese Prime Minister Takaichi Sanae emphasized the importance of encouraging families and the government pension investment fund (GPIF) to increase their investments in Japanese financial assets, further intensifying expectations for potential adjustments to the fund's asset allocation.

Hong Kong's third quarter business outlook survey: 10% expecting improvement, 14% expecting deterioration.

The government spokesman stated that the overall short-term business outlook for large enterprises in the third quarter of 2026 has slightly improved, and overall hiring intentions are stabilizing.

The seasonally adjusted unemployment rate in Hong Kong from April to June was 3.7%, with an underemployment rate rising by 0.1 percentage points.

On July 17, the Hong Kong government Census and Statistics Department released the latest labor force statistics (i.e. provisional figures for the period of April to June 2026).

Latest

1 m ago

American President Trump: June inflation data brings "great good news" America is entering a "golden age".

2 m ago

President Trump of the United States announced that TSMC will invest an additional $100 billion in its semiconductor manufacturing factory in Arizona. This brings the total investment in the United States to a record-breaking $265 billion. My trade policies and agreements are delivering on everything I promised. From automobiles, pharmaceuticals, to semiconductors and the entire economy, the Trump administration is bringing advanced manufacturing back to America. This is what success looks like! Massive recruitment, massive construction, massive investment - welcome to the golden age of America. We invite everyone to come and build factories in the United States.

6 m ago

U.S. Commodity Futures Trading Commission: During the week of July 14, speculative investors increased their net long positions in NYMEX WTI crude oil by 11,704 contracts to 86,383 contracts. Net long positions in both Brent and WTI crude oil increased to 252,836 contracts, reaching a five-week high. Net short positions in NYMEX natural gas increased to 48,229 contracts, reaching a more than two-year high.

9 m ago

Market news: OPENROUTER is currently discussing the possibility of being acquired by a larger company.

9 m ago

The data from the U.S. Commodity Futures Trading Commission shows that as of the week ending July 14, speculative traders on the New York Mercantile Exchange reduced their net long positions in silver by 1755 contracts to 10377 contracts.

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