Pre-market report on A shares | Meta's big move! American chip stocks all plummet, MLCC's leading company Yageo raises prices for all products.

Pre-market news 1. US three major indices closed lower, software stocks bucked the trend and strengthened! Meta's news caused market sell-off, Philadelphia Index plunged 6% Category: Market Mood Impact: Negative After two consecutive days of record highs, US stocks encountered profit-taking in the AI hardware sector. Reports indicated Meta is shifting towards cloud computing business, selling its excess data center computational power externally. Meta surged over 8%, leading the market to interpret this as a signal of a slowdown in capital expenditures and a shorter duration of super-trend demand, directly impacting "shovel sellers" in storage and semiconductors. Micron, SanDisk both dropped over 10%, TSMC fell by 6.98%. The software sector benefited from the retreat of AI threats. Chinese stocks rose nearly 3%, with Pinduoduo rising over 8%. Additionally, Japanese and Korean stocks collectively declined, with Korean stocks opening with a 5% plunge. 2. Next Monday, A shares will bid farewell to the 5% daily limit Category: Market Mood Impact: Positive New trading rules for A shares will officially take effect next Monday. The new regulations optimize the closing trading mechanism for funds, expand the fixed-price after-hours trading method to apply to all A shares and Shanghai and Shenzhen market ETFs, and adjust the daily limit for ST and *ST stocks from 5% to 10%. After-hours fixed-price trading will be from 15:05 to 15:30. Analysts believe that this improvement will enhance the overall liquidity of A shares and Shanghai and Shenzhen ETFs, with large trading orders executed after hours making intraday trading more stable. 3. Dozens of companies issue warnings for several consecutive nights, collectively "throwing cold water"? Category: Companies Mood Impact: Negative On the evening of July 1st, several stocks once again issued risk advisory notices. It is worth noting that there has been a wave of risk warnings in A shares recently. As history repeatedly confirms, each extreme clustering is followed by a brutal reversion to the mean. Experts suggest being wary of the "three no" signals of related companies, namely no core technology iteration, no scaling orders, and no cash flow support, in order to avoid falling into concept speculation traps. 4. Shanghai promotes the development of smart wearable products, related industries iterate faster Category: Industry Mood Impact: Positive Recently, Shanghai issued the "Action Plan for Promoting High-Quality Development of Fashion Consumer Goods Industry in Shanghai (2026-2028)". It focuses on active intelligence, no-touch interaction, unified protocols, end-cloud collaborative technology trends, developing lightweight AI phones, AIPC, smart speakers, intelligent eyeglasses, smart headphones, and other wearable products. CICC stated that various smart glasses are expected to become the next mobile terminal, leading a new wave of development for smart wearable devices. Investment Calendar Ministry of Commerce press conference Investment Tips Investment Tip: Making mistakes is not shameful, what is truly shameful is noticing the mistake but not correcting it. - George Soros Institutional Views 1. Datong Securities: Short-term structural technology market trends are expected to continue but with increased volatility, focus on true growth supported by performance. 2. Founder: In July, the market will transition from "valuation speculation" to mid-term earnings verification, focusing on opportunities in technology growth and other directions. 3. Orient: From the perspective of business activity, the development trend of hard technology industries is evident. After this adjustment, it is an opportunity to continue entering the market. Positive and Negative Expectations 1. Passive component giant Yageo raises prices for all capacitor products, including MLCC and aluminum electrolytic capacitors Category: Institutional Hot Comments CITIC SEC: Yageo announced a general price increase for MLCC and other capacitor products, covering channels and direct customers. With Yageo leading the way, this round of the MLCC cycle is expected to continue for more than a year, with a significant increase in price, possibly doubling or even doubling again. 2. Musk shows Optimus production line photos, Siasun Robot & Automation's mass production accelerates Category: Market Hot Discussion Open Source Securities: By 2025, the human-shaped Siasun Robot & Automation industry will complete the leap from "0-1" to "1-10". Looking ahead to 2026, the industry will break through the "1-10" key turning point and move towards "10-100" scale, with the core focus being on mass production and commercialization acceleration. 3. Avita announces obtaining L3 autonomous driving test license, road testing work steadily progressing Category: Market Hot Discussion CICC: The intelligent driving sector has opened a new chapter of competition among L3 vehicle companies, with Tesla's FSD and Robotaxi bringing potential positive catalysts. By 2030, the domestic Robotaxi market size is expected to reach nearly 500 billion yuan. Announcements Positive announcements 1. Qingdao East Steel Tower Stock: Net profit for the first half of the year is expected to be between 897 million to 1.017 billion yuan, a year-on-year increase of 81.87% to 106.19%. 2. Digital China Group: Subsidiary expected to win the bid for the domestic Smart Computing Token Factory project with a bid price of 717 million yuan. 3. Sunvim Group: Net profit for the first half of the year is expected to be between 369 million to 418 million yuan, a year-on-year increase of 50% to 70%. Negative announcements 1. Xiamen Tungsten: Production halt at affiliate Luoyang Yulu due to CMOC Group Limited's suspension of molybdenum tailings supply. 2. Yongjin Technology Group: Co-owner Cao Peifeng sentenced to three years probation for insider trading and leakage of insider information. 3. Ananda Drive Techniques (Shanghai) Co.: Controlling shareholder Ningbo Sihui plans to reduce stake by less than 3%. Overseas Markets Self-picked brother tip: US stock's three major indices collectively closed lower on Wednesday, with the Dow falling by 0.03% and the Nasdaq by 0.66%; the Philadelphia semiconductor index plunged by over 6%, with Micron Technology dropping over 10% and Intel by more than 9%; most popular Chinese stocks rose, with Pinduoduo rising over 8% and Futu Holdings by more than 6%. This article is reproduced from "Tencent Self-selected Stocks". GMTEight Editor: Feng Qiuyi.