A | SpaceX13% A-share Pre-Market Report | China retaliates against the U.S.! Self-controllable policies catalyze SpaceX's 13% plunge, dragging down the Nasdaq.

Pre-market News 1. China announces five countermeasures against the U.S., favorable for self-control Type: Market Sentiment Impact: Positive On August 5, China consecutively released several countermeasures against the U.S., involving areas such as drones, office printing equipment, third-party testing and certification, and the application of DNA science. Analysts suggest that this series of countermeasures conveys several important signals. Whether its the export control of drones or the import investigation of printing equipment, they all point in the same direction: critical technologies, key infrastructure, and critical links must be under our control. 2. SpaceX plunges 13%, dragging down the Nasdaq and technology sector Type: Market Sentiment Impact: Negative SpaceX previously announced its first financial report after going public, but due to concerns from investors about the company's ability to sustain massive spending on artificial intelligence-related investments long-term, SpaceX's stock price plummeted by 13.6%, negatively impacting the performance of the technology sector and ending the Nasdaq's consecutive rally. 3. SanDisk and Western Digital release latest financial reports, both plummet after hours Type: Company Sentiment Impact: Negative The two storage chip giants, SanDisk and Western Digital, released their latest financial reports. SanDisk's revenue for Q4 of fiscal year 2026 was $8.96 billion, a year-on-year increase of 372%, while Western Digital's revenue for the same quarter was $3.75 billion, a year-on-year increase of 44%. However, both companies saw their stock prices fall after hours, with SanDisk dropping over 5% and Western Digital declining over 11%. Investment Calendar China International Animation and Game Expo Investment Tip What matters is building the ark, not predicting the rain. Warren Buffett, Investor, Entrepreneur, and Philanthropist Institutional Views 1. Zhongtai: The market will be in a period of volatility and bottom-building until mid-August, with the winning factor still lying in the global AI cycle. 2. BOC International: Phase-based equilibrium does not equal style switching; the main direction of technology growth within the year will remain unchanged. 3. Orient: Focusing on recovery and prosperity layouts, the AI supply chain and domestic semiconductor equipment are worthy of attention. Outlook on Positive and Negative Factors 1. Spot gold breaks $4,200; institutions say gold remains in a bull market Type: Institutional Commentary CITIC SEC: Gold is still in a bull market due to reasons such as the accelerated expansion of the U.S. fiscal deficit, irreconcilable geopolitical fractures under deglobalization, and ongoing purchases of gold by global central banks. The current pullback is nearing historical extremes, and the $4,000/ounce level is likely the bottom area for this round. 2. Changxin refuses to allow Apple to push down prices, insisting on not lowering below Samsung and SK Hynix Type: Market Discussion Southwest: High-end HBM memory chips face issues such as long cleanroom construction cycles and difficult yield ramp-up. In the context of booming demand and rigid supply, the CFM flash memory market anticipates that overall storage prices will continue to rise in 2026. 3. Yushu Technology to hold IPO online roadshow on August 7 Type: Market Discussion China Securities Co., Ltd.: Google DeepMind has released a new Siasun Robot & Automation model, with the Siasun Robot & Automation brain capabilities continuing to improve, expected to accelerate its implementation in end scenarios; Yushu's IPO inquiry date has been confirmed, and the listing process is advancing; Tesla Optimus is moving towards mass production, with positive feedback from the supply chain, leading to multiple catalyzes in the sector. Announcement Dispatch Slightly Positive Announcements 1. China Merchants Energy Shipping: Plans to build five Aframax oil tankers at a total price of approximately 2.485 billion yuan. 2. BeOne Medicines Ltd.: Net profit for the first half of the year at 3.271 billion yuan, a year-on-year increase of 627%. 3. Shandong Sinocera Functional Material: Net profit in the first half of the year increased by 9.36% year-on-year, proposing a dividend of 0.5 yuan per share. Slightly Negative Announcements 1. Muyuan Foods Group: Sales revenue from commodity pigs in July was 8.897 billion yuan, a year-on-year decrease of 23.56%. 2. Wuxi Rural Commercial Bank: Shareholders intend to reduce their holdings by no more than 1.96% of the company's shares. 3. Sino-Agri Leading Biosciences: Shareholders plan to reduce their holdings by no more than 2% of the company's shares. Overseas Market Zixuan suggests: SpaceX and AMDs significant drop after earnings reports dragged down the Nasdaq, while the Dow continues to reach new historical highs. In the market, SpaceX fell over 13%, vaporizing $225 billion in market value; AMD dropped over 7%, Google fell over 4%, while NVIDIA rose over 3%, achieving five consecutive daily gains, reaching a new high since early June; the Nasdaq China Golden Dragon Index closed lower, with most popular Chinese concept stocks declining. This article is reproduced from Tencent Cangshu, edited by Jiang Yuanhua.