GMT EIGHT - OPPORTUNITIES IN CHINA

US Stock Market Move | Berkshire intends to acquire Taylor Morrison for $8.5 billion, causing its stock to surge more than 20% in early trading.

On Monday, Taylor Morrison (TMHC.US) soared over 20% in early trading, hitting a new high for the year at $71.62.

Data center power infrastructure company ERock (EROC.US) has initiated an IPO on the US stock market, aiming to raise up to $642 million.

ERock primarily provides distributed power system solutions for data centers, utility companies, and large commercial and industrial customers.

Evening hot spot in A shares | Just 73 days! Yushu Technology's IPO quickly passed, and the list of A-share cooperation companies exposed.

On June 1st, the Listing Review Committee of the Shanghai Stock Exchange held its 31st meeting to review the 2026 initial public offering of Yushu Technology Co., Ltd. The review results show that the IPO meets the issuance conditions, listing requirements, and disclosure requirements.

US Stock Market Move | Fluence Energy (FLNC.US) surges over 36% in collaboration with NVIDIA Corporation (NVDA.US) and Siemens to launch a new generation of AI data center reference designs.

As of the time of publication, the stock has risen more than 36%, reaching $25.8 per share.

US Stock Market Move | IBM (IBM.US) rose more than 8% in early trading, with a cumulative increase of 40% since May.

On Monday, IBM (IBM.US) rose more than 8% in early trading, up 40% since May, now trading at $322.47.

US Stock Market Move | Cloud computing service provider Nebius (NBIS.US) sees strong stock performance, surging over 14%.

On Monday, cloud computing service provider stocks surged.

US Stock Market Move | Storage concept stocks collectively rise, Micron Technology, Inc. (MU.US) up more than 5%

On Monday, storage concept stocks rose collectively.

Negotiations between the US and Iran encountered unexpected obstacles, with US bonds being sold off and oil prices soaring. Market bets on the possibility of the earliest rate hike by the Federal Reserve in October have increased to 50%.

Global financial markets experienced significant volatility on Monday.

US Stock Market Move | NVIDIA Corporation blows the horn to enter the PC processor market, Qualcomm (QCOM.US) falls more than 7%, Intel Corporation (INTC.US) falls more than 5%.

On Monday, with Nvidia officially sounding the horn of entering the personal computer (PC) central processor market, the performance of technology stocks diverged.

Quantum frenzy is rising again! Market subscription demand explodes, ion trap quantum computing leader Quantinuum (QNT.US) raises IPO target.

Quantinuum has increased the size of its initial public offering to as much as $1.46 billion, raising the number of shares issued and the price range. The company plans to issue 26.5 million shares at a price of $53 to $55 per share. At the high end of the price range, the company's market value will reach $14.3 billion.

Brent crude oil rose 6% during the day and is now trading at $96.61 per barrel.

CBRE: By 2025, investment in data centers in the Asia-Pacific region will exceed $11.6 billion, with power becoming a key factor in the competition.

The report highlights that "power supply" has become the primary key determining the location of new production capacity, and market focus is shifting from traditional hubs to Malaysia, Australia, and India, which have the advantage of electricity.

US Stock Market Move | Jointly with NVIDIA Corporation entering the consumer PC market, Arm Holdings (ARM.US) opens with a surge of over 15%.

On Monday, Arm Holdings (ARM.US) opened with a significant surge of over 15%, reaching a new all-time high, with a cumulative increase of 274% so far this year.

Nasdaq China Golden Dragon Index rose more than 1%, Hithink RoyalFlush Network rose by 107.53%, Agora rose by 10.24%, Fu Rang Group rose by 10.00%, NIO rose by 6.52%, and Xiao Peng Motors rose by 6.75%.

IBM (IBM.US) continues to rise, Barclays sees upside to $350.

IBM (IBM.US) continued to rise on Monday, driven by multiple positive factors.

Three major drivers push up copper prices! Goldman Sachs and Citigroup are optimistic that prices may reach $15,000 within the year.

Goldman Sachs and Citigroup, the two major investment banks, have recently significantly increased their copper price forecasts, adding fuel to the nearly 10% rise in copper prices so far this year.

New stock news: SmartBio submits application to Hong Kong Stock Exchange to become China's second largest biologic drug CDMO company.

According to the disclosure by the Hong Kong Stock Exchange on June 1st, Zhi Xiang Biological (Suzhou) Co., Ltd. has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with Dongxing Securities (Hong Kong) as its exclusive sponsor.

JP Morgan speaks out: concerns about stagflation are exaggerated, and the upward trend of US bond yields in the second half of the year is unlikely to continue.

J.P. Morgan's global market strategy team believes that the recent increase in bond yields is unlikely to continue into the second half of this year.

SpaceX has reserved 5% of its shares for employees and senior executives to subscribe to, with a target valuation of at least $1.8 trillion.

SpaceX (SPCX.US) disclosed in the amended IPO filing that its upcoming initial public offering will reserve up to 5% of the shares for subscription by some employees and executives' friends and family; the target valuation of this IPO is at least 1.8 trillion dollars.

Brent crude oil rose 4% intraday and is now trading at $94.88 per barrel.

Spot gold breached $4480 per ounce, falling by 1.39% during the day.

Gambling giant MGM Resorts International (MGM.US) enters privatization moment, media mogul Diller throws out $18 billion premium acquisition offer.

According to reports citing sources familiar with the matter, Barry Diller is preparing to make a $18 billion takeover offer to this casino and resort hotel giant, which will also include debt.

After a 57% surge in the same year, Wall Street collectively "sings empty": profitless technology stocks appear in a frenzy at high levels, with major banks shouting "walk as fast as you can".

The riskiest sector in the technology industry is now outperforming larger peers at the fastest pace in nearly six years, prompting warnings for investors to exit early.

Domestic futures night trading begins

The shipping index of European futures has risen continuously by 11.69%, eggs by 4.72%, polycrystalline silicon by 3.38%, rapeseed by 3.03%, red dates by 2.24%, and asphalt by 2.05%.

New stock news | ZhiXiang Biotechnology submits application to Hong Kong Stock Exchange

According to the disclosure by the Hong Kong Stock Exchange on June 1st, ZhiXiang Biological (Suzhou) Co., Ltd. has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with Dongxing Securities (Hong Kong) as its exclusive sponsor.

Preview of US Stock Market | Three major stock index futures rise together. NVIDIA Corporation's entry into the PC chip market ignites the industry chain.

Before the US stock market opened on June 1st (Monday), the futures of the three major US stock indexes all rose.

Selected A-share Announcement | Wuliangye Yibin(000858.SZ): Repurchased 1.19 million shares of company stock, with a total transaction amount of approximately 100 million yuan.

Wuliangye: for the first time buy back 1.19 million shares of the company, with a total transaction amount of approximately 100 million yuan.

From "cyclical commodities" to "strategic core assets" JPMorgan: This storage supercycle will be "higher and longer"

JPMorgan Chase significantly raises its expectations for the global storage market, projecting that the market size will reach $1.7 trillion by 2028. The demand for AI is shifting from GPUs to CPUs, driving a greater-than-expected increase in server memory demand. It is expected that the supply-demand gap for HBM will continue until 2028.

FedEx Corporation's freight business (FDXF.US) has been spun off from FedEx Corporation (FDX.US) and began trading independently, marking the start of a new chapter in the North American less-than-truckload transportation industry.

Federal Express (FDX.US) has completed the spin-off of Federal Express Freight (FDXF.US), while retaining a 19.9% stake and planning to dispose of it within 24 months. The market values the new company at a discount compared to its peers, but several analysts are optimistic about its cost optimization and profit margin improvement potential.

Midland Realty: In May, the number of first-hand residential transactions in Hong Kong exceeded 2,000 again. The increase in property prices has boosted buyers' confidence in entering the market.

Cen Songqian, an analyst at Midland Realty, pointed out that according to data from the Land Registry compiled by Midland Realty's Research Center, the overall property transactions in May (including first-hand private residential units, second-hand residential units, first-hand public housing, commercial units, pure parking spaces, and others) totaled 8,532, a slight decrease of about 2% compared to the previous month. However, this is still the first time that the number of transactions has exceeded 8,000 for two consecutive months since July 2021, reflecting strong activity in the real estate market in recent times.

The first EU agency approved, the EU Network Security Agency will adopt the Anthropic Mythos model.

Anthropic is about to allow the European Union Agency for Cybersecurity to access its powerful artificial intelligence tool, named "Mythos," which has the ability to discover and exploit vulnerabilities in computer systems.

Industrial giant Honeywell International Inc. (HON.US) is set to spin off its aerospace business, while SpaceX's record-breaking IPO ignites imagination in the aerospace supply chain.

Honeywell Technologies and Honeywell Aerospace are the new brand identities for Honeywell's automation and upcoming split-out aviation businesses, announced on Monday by Honeywell Corporation.

NVIDIA Corporation (NVDA.US) brings RTX Spark into the PC arena! AI PC battle is fully upgraded, which company will emerge as the biggest winner?

After forty years, the "heart" of personal computers is finally going to be redefined. And this time, it is NVIDIA who is breaking down the barriers.

Investigation into suspicious transactions involving 500 million euros, Wise (WSE.US) stock price plunges 11%.

Wise is under investigation by the Belgian authorities for suspicious transactions amounting to 500 million Euros, causing a sharp drop in the stock price.

Hong Kong Securities and Futures Commission: Financial internet celebrities are the new normal in business, will conduct a more comprehensive review.

Ye Zhiheng, executive director of the CSRC's intermediary agency department, stated that financial internet celebrities are the new normal in business. The authorities will conduct a more comprehensive review, and the CSRC began closely engaging with the industry last year to discuss whether there are new regulatory considerations, including optimization of licensing and rules.

The smartphone market may be facing a record decline in shipments! Under the super cycle of storage, the waiting for consumer electronics is "the darkest moment"

For the consumer electronics industry, the storage super cycle is not a traditional cycle of rising prices and demand, but rather a challenging situation characterized by severe supply imbalances, price pressures, and shrinking demand.

Zhongyuan Shi Yongqing: It is expected that Hong Kong property prices will maintain an overall increase of approximately 20% for the whole year.

Shi Yongqing, the founder of Zhongyuan Group, believes that the current Hong Kong property market is experiencing a slight overheating situation, but it cannot be considered pathological. He maintains that the expected total increase in property prices for the whole year is expected to be around 20%.

The Hong Kong government launches the "Future Smart Logistics Acceleration Program" to promote the digital development of the logistics industry in Hong Kong.

On June 1, the Hong Kong government launched the "Future Smart Logistics Acceleration Plan" (referred to as the Acceleration Plan below) to accelerate the development of various information technology solutions and assist logistics companies in utilizing logistics data platforms operated by the Hong Kong government or public entities, including the Port Community System and Hong Kong International Airport Freight Data Platform, to enhance industry digitization.

Eurozone manufacturing recovery hits a snag: Double blow of stagnant demand and supply chain delays brings down the PMI to 51.6.

Due to stagnant demand for goods, coupled with supply chain disruptions caused by the Middle East war, input costs for the Eurozone manufacturing sector have reached the highest level in four years, leading to a slowdown in growth momentum in May.

XHK Limited was criticized and fined HK$2.5 million by the Hong Kong Securities and Futures Commission for violating regulatory rules.

The Hong Kong Securities and Futures Commission condemns XHK Limited (XHK) and imposes a fine of 2.5 million Hong Kong dollars for regulatory failures in preparing financial reporting documents, maintaining required liquid capital, and handling client and non-client funds.

NVIDIA Corporation helps Uber Technologies, Inc. (UBER) and Autobrains to pilot Robotaxis in Munich.

Uber (UBER.US) teams up with Autobrains and Nvidia (NVDA.US) to launch the Robotaxi project in Munich, aiming to create a self-driving ride-hailing model compatible with multiple car manufacturers.

QUALCOMM (QCOM.US) increases investment in the Siasun Robot&Automation sector! Launches IQ10 reference design, focusing on integrated integration of multiple sensors.

Qualcomm (QCOM.US) announced the launch of a robot reference design, aimed at helping designers to connect a variety of different sensors to the robot without the need for additional sensor connection boards.

Northbound funds | Northbound transactions netted 4.657 billion, Yivoxi's OS data defeat PD-1 monoclonal antibodies, and Northbound funds have aggressively invested over 2.7 billion in AKESO (09926).

On June 1, the Hong Kong stock market saw a net buying of 4.657 billion Hong Kong dollars by northbound investors. Of this, the net buying through the Shanghai-Hong Kong Stock Connect was 2.87 billion Hong Kong dollars, while the net buying through the Shenzhen-Hong Kong Stock Connect was 1.788 billion Hong Kong dollars.

Southbound funds net bought 4.657 billion yuan today. In terms of Stock Connect (Shanghai), Kangmei Pharmaceutical and Alibaba-W received net purchases of 1.706 billion yuan and 579 million yuan respectively; Xiaomi Group-W had the highest net selling amount of 353 million yuan; in terms of Stock Connect (Shenzhen), Kangmei Pharmaceutical and Tencent Holdings received net purchases of 1.001 billion yuan and 551 million yuan respectively; Alibaba-W had the highest net selling amount of 482 million yuan.

AI advertising platform Liftoff Mobile (LFTO.US) raised $399 million to return to IPO, aiming for a valuation of nearly $4 billion to debut on the Nasdaq.

Liftoff Mobile, headquartered in Redwood City, California, plans to raise $399 million by issuing 19 million shares of common stock at a price range of $20 to $22 per share. Based on the midpoint of this proposed range, the company will have an initial estimated fully diluted market value of over $3.9 billion.

Hong Kong mobile game platform Joybyte Holdings (JOYB.US) plans to price its IPO at $4-6, aiming to raise $31 million.

Hong Kong mobile gaming platform Joybyte Holdings (JOYB.US) announced the terms of its initial public offering (IPO) last Friday.

Eurozone consumer inflation expectations have slightly decreased but remain high. European Central Bank officials warn of the risk of "unmooring".

The latest survey by the European Central Bank shows that consumer expectations for future inflation in the euro area fell slightly in April, bringing some relief to policymakers considering further interest rate hikes. However, officials remain concerned about expectations becoming "unanchored".

TrendForce: Contract prices are rising rapidly, with first-quarter revenue in the DRAM industry increasing by 81% to reach $97 billion.

In the first quarter of 2026, due to the accelerated increase in the contract price of conventional DRAM, the quarterly growth rate reached 93-98%, driving the overall industry revenue to grow by 81% in the quarter to reach $97 billion US dollars.

Hong Kong digital marketing company Bao Shi Technology (POCH.US) has increased the IPO issuance scale, raising the fundraising amount by 67% to $28 million.

Hong Kong digital marketing service provider Bao Shi Technology (POCH.US) has increased its IPO issuance size and plans to raise $28 million to debut on the Nasdaq, a 67% increase from the original plan.

The U.S. stock software sector IPO breaks the ice! Leading property management SaaS company Entrata (ENT.US) files for IPO, aiming to raise up to $500 million.

American property management software platform Entrata submitted an IPO application to the U.S. Securities and Exchange Commission last week, with an expected financing scale of up to $500 million.

Latest

3 m ago

LME copper closed up $196 to $13,832 per ton. LME aluminum closed up $50 to $3,716 per ton. LME zinc closed up $38 to $3,578 per ton.

5 m ago

Shipping data: Venezuela's oil exports in May rose to 1.25 million barrels per day.

6 m ago

Tripo AI has completed nearly US$200 million in Series A+ and Series A++ financing to advance its AI 3D and world model roadmap.

8 m ago

Apollo's chief economist said that the AI boom will dampen hopes for the new Fed chairman, Jerome Powell, to quickly lower interest rates.

16 m ago

Citigroup turned bullish on the copper market, expecting it to reach $15,000 per ton in the coming year.

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