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Bullish on AI-driven storage demand continues to grow Wells Fargo & Company raises target price for Seagate Technology Holdings PLC (STX.US) and Western Digital Corporation (WDC.US)

Industrial Bank has raised Seagate Technology's rating from "hold" to "buy" and raised its target price from $900 to $1100; at the same time, it has maintained a "buy" rating on Western Digital and raised its target price from $575 to $730.

US Stock Market Move | Storage chip concept stocks rose during the trading session Seagate Technology Holdings PLC (STX.US) up more than 3%

On Friday, shares of storage chip concept stocks rose sharply during trading, with Seagate Technology (STX.US) up over 3% and SanDisk (SNDK.US) up over 2%.

US Stock Market Move | South Korean semiconductor giant SK Hynix (SKHYV.US) debuts on the US stock market, opening with a 14% increase.

On the first day of its listing on the US stock market, South Korean semiconductor giant SK Hynix saw its stock price rise by 14%.

Outlook for quantum computing and AI business looks promising, Susquehanna initiates IBM (IBM.US) with a "hold" rating.

Investment bank Susquehanna initiates coverage on IBM for the first time, giving it a "hold" rating and setting a target price of $303.

US Stock Market Move | SpaceX (SPCX.US) falls 3%, market value drops below 2 trillion US dollars.

On Friday, SpaceX fell 3% to $147.56, with a market value dropping below $2 trillion. Its cumulative decline this week is nearly 9%.

Trump says he will continue to negotiate with Iran, but the ceasefire agreement has ended.

President Trump stated on Friday that the United States will continue negotiations with Iran, but the ceasefire agreement previously reached between the two parties has ended.

Morgan Stanley warns that the valuation of the semiconductor sector is overheated. Tech giants developing their own chips may weaken the industry's pricing power.

Morgan Stanley Wealth Management Chief Investment Officer Lisa Shalett stated that as more and more evidence shows that the pricing power of chip manufacturers is being challenged, investors should remain cautious about the semiconductor sector.

US Stock Market Move | Concept stocks related to optical communication generally fell, with Applied Optoelectronics (AAOI.US) dropping more than 6%.

On Friday, stocks related to the concept of optical communication generally fell, with Applied Optoelectronics (AAOI.US) dropping more than 6%.

US Stock Market Move | Chip stocks fluctuate, NVIDIA Corporation (NVDA.US) up more than 2%

Chip stocks are mixed, with Nvidia up more than 2%.

US stock market's most steadfast buyers lose confidence! Retail investors' net purchases plunge to the lowest level since the epidemic, rejecting "blindly buying the market" in favor of "selecting stocks based on stories"

Retail investors chase hot trends but refuse to bet on the S&P 500 index.

US Stock Market Move | Circle (CRCL.US) surged more than 8% and was approved to establish the national trust bank Circle National Trust.

On Friday, Circle (CRCL.US) rose more than 15% in early trading. As of the time of this writing, it is up more than 8%, trading at $68.33.

Wall Street locks in EchoStar Corporation Class A (SATS.US) as SpaceX's best alternative! Citigroup and Deutsche Bank both call for a buy.

Wall Street analysts say that, compared to directly buying SpaceX stocks, investing indirectly through Starlink Communications is actually a lower cost way to invest in this space technology company.

US Stock Market Move | Meta (META.US) rose by more than 6%, with mining cost much lower than market expectations.

On Friday, Meta (META.US) rose more than 6% to $671.24.

US stock market opening: three major stock indexes rise and fall unevenly.

The Dow rose 0.27%, the S&P 500 rose 0.07%, and the Nasdaq fell 0.04%. Shopify rose 4.55%, Coinbase Global rose 4.51%, SanDisk fell 3.57%, Intel fell 3.09%. As for the "Big Seven": Meta Platforms rose 4.81%, Amazon rose 1.50%, Microsoft rose 0.98%, Tesla rose 0.77%, Nvidia rose 0.27%, Apple fell 0.65%, Google fell 0.91%.

Borrowing 350 billion yuan in five years to bet on AI! The five major tech giants in the US are making history, or are they repeating Intel's mistakes?

In order to seize the high ground of artificial intelligence data centers, the five major technology giants in the United States have doubled their debt size in the past five years, paving the way for what they call "economic transformation" through large-scale borrowing.

Boeing Company (BA.US) sees new progress in recovery: Fourth 737 MAX production line in operation, MAX 7 certification imminent.

Boeing (BA.US) officially launched its fourth 737 Max assembly line near Seattle on Friday.

"Musk premium" fluctuates: SpaceX's IPO surged in the first month and then fell back, while Tesla, Inc. launched a defensive counterattack.

One month after SpaceX went public, Tesla's stock price remained stable.

Selected Announcement of A-share | Multiple Stocks Report Better-than-Expected Semi-Annual Performance Shannon Semiconductor Technology (300475.SZ) forecasts a 2434% increase in net profit

Zijin Mining (02899) announced that the company's 2026 interim profit distribution plan is to distribute a cash dividend of 4.20 yuan (including tax) per 10 shares. Based on a total number of 26.513 billion shares eligible for profit distribution as of the announcement date, the total amount of cash dividend to be distributed is estimated to be approximately 11.136 billion yuan.

The uncertainty of the Fed's policy is heating up, traders are betting on a return of volatility in the foreign exchange market.

With the warning from banks about the potential impact of changes in the Fed's policy expectations and the escalation of geopolitical tensions on the market, after a few months of calm, forex traders are beginning to buy more hedging tools to guard against increased exchange rate volatility.

Resisting the highest fuel expenses in history! High-end travel demand remains strong. Delta Air Lines, Inc. (DAL.US) Q2 earnings exceed expectations and reaffirm full-year guidance.

Delta Air Lines (DAL.US) announced better-than-expected second-quarter results and reconfirmed its full-year profit guidance.

SK Hynix will land on the Nasdaq this Friday, raising $2.65 billion to become a large overseas IPO in the U.S. stock market.

South Korean chip giant SK Hynix will debut on the technology stock-focused NASDAQ exchange this Friday, opening up a powerful new financing channel for the company and providing global investors with an opportunity to invest in the fast-growing artificial intelligence infrastructure race. The world's second-largest memory chip maker plans to raise about 400 trillion Korean won through the issuance of American depositary receipts on NASDAQ. The offering consists of 177.9 million ADRs priced at $149 each, with each ADR representing one-tenth of its common stock listed on the Seoul Stock Exchange. This listing is expected to become one of the largest foreign company IPOs in U.S. stock market history, second only to SpaceX, reflecting strong global capital interest in core companies within the AI industry chain. Industry analysts suggest that in addition to the substantial injection of funds, listing on NASDAQ will bolster SK Hynix's global valuation, expand its access to international capital markets, and strengthen its long-term fundraising capabilities. During the NASDAQ listing ceremony this Friday, CEO Lee Seok-heon and other executives will introduce the company's technological advantages and long-term development plans to global investors.

Establishment of a national trust bank approved! Circle (CRCL.US) enters the U.S. federal regulatory system, with stock prices soaring in pre-market trading.

The Office of the Comptroller of the Currency (OCC) has officially approved the establishment of Circle National Trust by USDC stablecoin issuer Circle Internet Group, with this boost, the stock price surged by 16% in pre-market trading on Friday.

The news states that AMD will release the Venice CPU later this month.

According to reports, AMD will launch the EPYC Venice CPU based on the Zen 6 architecture at the Advancing AI event on July 22nd to 23rd. It is reported that the performance and efficiency of EPYC Venice have increased by over 70% compared to its predecessor based on Zen 5.

New stock news | Yimei Intelligent Technology intends to list on the Hong Kong stock market. The China Securities Regulatory Commission requires additional information on the participants in the company's equity incentive plan.

On July 10th, the China Securities Regulatory Commission announced the "Supplementary Material Requirements for Overseas Issuance and Listing (July 6, 2026 - July 10, 2026)".

New stock news | Zhefu Intelligence plans to launch an IPO in Hong Kong. The China Securities Regulatory Commission requires further details on the pricing basis for previous capital increases and equity transfers.

On July 10, the China Securities Regulatory Commission issued the "Supplementary Materials Requirements for Overseas Issuance and Listing Filing (July 6, 2026 - July 10, 2026)".

New Stock News | Hai Rui Innovation Plans to List in Hong Kong. The China Securities Regulatory Commission requires supplementary explanations to be submitted on the reasonableness of the prices at which new shareholders have entered the company in the 12 months prior to applying for overseas issuance and listing.

Hai Rui Innovation plans to list on the Hong Kong Stock Exchange. The China Securities Regulatory Commission has required a supplementary explanation to be submitted regarding the rationality of the prices at which new shareholders have invested in the company in the 12 months prior to the submission of the overseas issuance and listing application.

Preview of US Stock Market | The three major stock index futures show mixed performance. SK Hynix's (SKHY.US) U.S. stock debut is set to make a splash tonight.

On July 10th (Friday) before the market opens, the futures of the three major US stock indexes are moving in different directions.

New stock news | Sino Medical Sciences Technology Inc. (688108.SH) intends to list in Hong Kong. The China Securities Regulatory Commission requires clarification on whether the operational business involves advanced brain-computer interface technology and specific details.

On July 10th, the China Securities Regulatory Commission announced the requirements for public disclosure of supplementary materials for overseas issuances and listings (July 6, 2026 - July 10, 2026).

New stock news | Yuanjie Semiconductor Technology (688498.SH) plans to go public in Hong Kong. The China Securities Regulatory Commission requires further clarification on whether the changes in share ownership are legal and compliant.

On July 10th, the China Securities Regulatory Commission issued the "Requirements for Supplementary Materials for Overseas Issuance and Listing Filing (July 6, 2026 - July 10, 2026)".

New Stock News | OnTheGo plans to go public in Hong Kong IPO; China Securities Regulatory Commission requires further clarification on whether there are any related relationships among shareholders holding less than 5% of the shares.

On July 10th, the China Securities Regulatory Commission announced the "Supplementary Materials Requirements for Overseas Issuance and Listing Filing (July 6, 2026 - July 10, 2026)".

The Shenzhen Securities Regulatory Bureau has initiated an investigation into Qiao for fabricating and spreading false information related to jointly advancing the shares.

The Shenzhen Securities Regulatory Bureau has launched an investigation into Qiao for fabricating and disseminating false information related to shares of Gongjin.

Global social media platform regulation is tightening! The European Union is demanding Meta (META.US) to reform addictive features on Instagram and Facebook.

The EU accused Meta Platforms (META.US) on Friday of violating its tech regulatory laws through its Instagram and Facebook subsidiaries.

Meme ETF soars 35% in the year but still suffers losses, sounding the alarm on the "valuation trap" in the AI speculation frenzy.

After the dramatic rise of Meme ETFs, many investors still suffered losses.

Sources said that the Chicago Options Exchange is expected to list SK Hynix options for trading within two working days after the first day of trading.

New Stock News | Shein's Hong Kong IPO has been approved by the China Securities Regulatory Commission.

On July 10th, the International Cooperation Department of the China Securities Regulatory Commission issued a "Notice on the Overseas Issuance and Listing Filing of SHEIN Global Holdings Limited".

According to CCTV: Li Qiang presided over the executive meeting of the State Council to discuss the work related to the protection and utilization of natural resources.

According to CCTV: Li Qiang presided over the State Council executive meeting to discuss the cultivation of emerging pillar industries.

New stock news | Wuxi Best Precision Machinery's Hong Kong IPO and domestic unlisted shares "fully circulated" approved by the China Securities Regulatory Commission.

On July 10th, the International Cooperation Department of the China Securities Regulatory Commission issued the "Notice of Filing for the Overseas Issuance and Listing of Shares of Zhenjiang Best New Materials Co., Ltd. and the Complete Flow of Shares in the Domestic Unlisted Shares".

New stock news | Haier Smart Home's Hong Kong IPO and full circulation of domestic unlisted shares approved by China Securities Regulatory Commission

On July 10, the International Cooperation Department of the China Securities Regulatory Commission issued the "Notice on the Overseas Issuance and Listing of Anhui Xici Technology Co., Ltd. and the Record of Full Circulation of Domestic Unlisted Shares".

International Energy Agency: UAE's crude oil production reached a historical high in June, intensifying geopolitical supply game.

The latest monthly report from the International Energy Agency (IEA) shows that the average daily crude oil production in the UAE rose to 4.1 million barrels in June, setting a new historical record. This number surpassed the previous peak of 4 million barrels per day in 2020.

Hong Kong Development Bureau Director, Mr. Ning Hanhao: Will promote residential land in Fat Kwong Street, Ho Man Tin in the new season, providing 250 units.

The Director of the Hong Kong Development Bureau, Hanhao Ning, will meet with the media today (July 10) at 4:30 pm to discuss the land sale plan for July to September of this year.

SK Hynix's (SKHY.US) debut on the US stock market tonight is a major event! The AI investment boom will face a critical stress test.

SK Hynix's US market debut will be a key test for investors to determine whether they still believe in the sustainability of the artificial intelligence (AI) boom, especially after the recent pullback in semiconductor stocks.

New Stock News | Chuan Xi Music is advancing its Hong Kong IPO preparations and may launch in the coming months.

According to reports, Chinese fast fashion apparel sales platform SHEIN is advancing potential preparations for its first initial public offering (IPO) in Hong Kong.

State Internet Information Office:120 new generative artificial intelligence services completed the filing from May to June.

To promote the innovative development and standardized application of generative artificial intelligence services, the Cyberspace Administration Department, together with relevant departments, will continue to carry out the filing work for generative artificial intelligence services in accordance with the requirements of the "Interim Measures for the Administration of Generative Artificial Intelligence Services".

The China Banking Regulatory Commission has issued the "Regulations on the Management of the List of Seriously Untrustworthy Entities (Trial) "to be implemented starting from October 1st.

On July 10th, the China Banking and Insurance Regulatory Commission released the "Provisions on the Management of the List of Seriously Untrustworthy Subjects (Trial)".

HKEX (00388) appointed new members to the Listing Committee and Listing Review Committee.

On July 10th, Hong Kong Exchanges and Clearing Limited (HKEX) announced the appointment of new members to the Listing Committee and Listing Review Committee, with immediate effect.

The China Securities Regulatory Commission and the Hong Kong Securities and Futures Commission held the 17th Cross-Border Enforcement Cooperation Working Meeting.

Recently, in accordance with the regular meeting mechanism established by the China Securities Regulatory Commission and the Hong Kong Securities and Futures Commission for the heads of law enforcement departments, the two regulatory authorities held the 17th cross-border law enforcement cooperation working meeting, with the heads of law enforcement departments from both sides attending the meeting.

The State Administration of Financial Supervision and Administration has released regulations on the management of the list of serious dishonest subjects.

The "Regulation" consists of 31 articles, mainly including the following contents: 1. Prudently defining the scope of list inclusion. Financial institutions and their employees subject to administrative measures by the China Banking and Insurance Regulatory Commission or its dispatched institutions, with particularly egregious nature and extremely serious circumstances, will be included in the list of serious dishonest subjects. 2. Clarifying the management measures for serious dishonest subjects. In accordance with relevant laws, regulations, and policy documents of the CPC Central Committee and the State Council, the China Banking and Insurance Regulatory Commission and its dispatched institutions have stipulated the management measures that can be taken against subjects listed on the list. 3. Strictly regulating the list management procedures. Specific procedures for listing and delisting, as well as prior notification, statement and defense procedures, are defined to fully protect the right to information and defense of relevant subjects. 4. Establishing a credit repair mechanism. Encouraging serious dishonest subjects to correct their dishonest behavior, eliminate adverse effects, and clarify the conditions for early removal and verification deadlines.

Northbound funds | Northbound trading net sold 5.995 billion, selling off some AI hardware stocks. Continued to aggressively increase holdings in KNOWLEDGE ATLAS (02513) by over 2.8 billion Hong Kong dollars.

On July 10th, the Hong Kong stock market saw a net selling of 5.995 billion Hong Kong dollars by the northbound capital. Among which, the Shanghai-Hong Kong Stock Connect saw a net selling of 3.344 billion Hong Kong dollars, while the Shenzhen-Hong Kong Stock Connect saw a net selling of 2.651 billion Hong Kong dollars.

China Securities Regulatory Commission and Securities and Futures Commission of Hong Kong held the 17th Cross-boundary Enforcement Cooperation Working Meeting.

According to the regular meeting mechanism established by the China Securities Regulatory Commission and the Hong Kong Securities and Futures Commission for the heads of enforcement departments, the two regulatory authorities recently held the 17th meeting on cross-border enforcement cooperation. The heads of enforcement departments from both sides attended the meeting. During the meeting, both sides reported on the recent enforcement work in the two capital markets, trends in illegal activities, and case handling situations. They also reviewed the effectiveness of cross-border enforcement cooperation, communicated the progress of major cases of mutual concern, discussed topics such as combating new types of cross-border illegal activities, enhancing information sharing, and further cooperation within the existing framework to strengthen cross-border enforcement collaboration and effectively improve regulatory enforcement. In the next step, the China Securities Regulatory Commission will continue to implement the spirit of the Central Economic Work Conference, the National Financial System Work Conference, and the new "Nine Articles" deployment, in accordance with the requirements of risk prevention, strong regulation, and promoting high-quality development, to continuously improve the cross-border enforcement cooperation mechanism with the Hong Kong Securities and Futures Commission and strictly crack down on all types of cross-border illegal activities in accordance with the law, jointly safeguarding the stable and healthy development of the two capital markets.

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London Metal Exchange March aluminum fell $61 to $3,140 per ton.

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The Federal Reserve issues a semiannual monetary policy report, once again committing to achieving price stability.

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British police: At present, we are unable to comment on the motives behind the crime.

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New York Fed GDP Nowcast model: Predicts US second-quarter GDP growth of 2.73%, down from 2.74% previously.

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