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Trump seeks to fire Cook again, reported to be in close contact with Walsh. The independence of the Federal Reserve faces new challenges.

President Donald Trump is "considering" firing Federal Reserve Board member Lisa Cook.

Another interpretation of the non-farm payrolls turning negative: BlackRocks Chief Investment Officer for fixed income states that AI is rendering employment data ineffective, and interest rate hikes are "meaningless."

Reed, the Chief Investment Officer of BlackRock's Global Fixed Income division, believes that the negative non-farm payroll data in July is not a signal of recession, but rather evidence that the AI productivity revolution is reshaping the labor market. He stated that interest rate hikes "make little sense" and advocated for fiscal measures such as regulatory easing to combat inflation, while also shifting funds towards the European bond market and emerging markets. He considers U.S. investment-grade corporate bonds "entirely unattractive," as the market faces a large influx of new supply.

HK Bull/Bear Outstanding Qty Ratio(49:51) | August 8

As of August 8, the latest bull-bear street inventory ratio of the Hang Seng Index is 49:51.

July's non-farm employment numbers cooled, making it difficult to resolve policy differences. Inflation has exceeded the target for five consecutive years, and the faction supporting interest rate hikes within the Federal Reserve is expanding.

Inflation in the United States has been above the Federal Reserve's 2% policy target for five consecutive years, continually testing the patience of decision-makers.

Overnight US stocks | In July, non-farm payrolls unexpectedly declined, and the S&P 500 index reached a record closing high. SpaceX (SPCX.US) surged nearly 16%.

As of the market close, the Dow Jones Industrial Average rose by 151.83 points, an increase of 0.28%, closing at 54,036.93 points; the Nasdaq rose by 342.26 points, an increase of 1.30%, closing at 26,690.62 points; and the S&P 500 index rose by 47.68 points, an increase of 0.62%, closing at 7,757.64 points.

The first round of unlocks did not show selling pressure! SpaceX (SPCX.US) has seen a cumulative increase of approximately 23% over two days, with its market value surging by more than $320 billion.

SpaceX's stock price has risen significantly for the second consecutive trading day, nearing the $135 IPO issue price, marking the first time it has come close to recovering lost ground since falling below this key level last month.

US Stock Market Move | Ticketplus Ltd (TP.US) debuted on the U.S. stock market, dropping over 15% after opening.

As of the time of publication, the stock has fallen over 15%, trading at $6.771.

US Stock Market Move | Latigo Biotherapeutics (LTGO.US) debuts on the U.S. stock market, with its stock price rising over 14% after opening.

As of the time of this report, the stock has risen over 14%, trading at $20.53.

In July, the U.S. non-farm payroll unexpectedly turned negative, dealing a heavy blow to the dollar. The market has lowered its expectations for a rate hike in September, and the Federal Reserve may continue to hold its position.

The employment data for July in the United States was unexpectedly weak, further diminishing the market's expectations for a recent rate hike by the Federal Reserve, leading to a weakening of the dollar on Friday.

US Stock Market Move | BlossomHill Therapeutics (BLSM.US) debuts on the US stock market, with the stock price slightly declining after opening.

As of the time of this report, the stock has dropped over 1%, trading at $15.8.

SAIMO (02571) issues a profit warning, expecting a net loss of approximately 47 million to 51 million yuan for the interim period, a shift from profit to loss compared to the same period last year.

Saimu Technology (02571) announced that it expects the Group's revenue for the first six months of 2026 to be approximately RMB 72 million to RMB 75 million, a decrease of about 17.5% to 20.8% compared to the same period in 2025; the Group is expected to record a net loss of approximately RMB 47 million to RMB 51 million for the first six months of 2026, reversing from a net profit of RMB 390,000 for the six months ending June 30, 2025.

A-shares Evening Hotspots | U.S. Non-Farm Payrolls Unexpectedly Cold in July, Investors Reduce Bets on Fed Rate Hike in September

Data released by the U.S. Bureau of Labor Statistics showed that non-farm employment unexpectedly declined by 23,000 last month, falling short of the market expectation of an increase of 80,000. Traders lowered their expectations for a rate hike by the Federal Reserve in September.

DELTON (01989) released its interim results with a net profit attributable to shareholders of 956 million yuan, a year-on-year increase of 94.39%.

Guanghe Technology (01989) announced its interim results for the six months ended June 30, 2026. The group achieved operating revenue of 4.388 billion yuan, a year-on-year increase of 80.98%; the net profit attributable to shareholders of the listed company was 956 million yuan, a year-on-year increase of 94.39%; basic earnings per share were 2.1394 yuan.

RUIHE DATA (03680) plans to establish a limited partnership.

Rui He Digital Intelligence (03680) announced that on August 7, 2026, its indirectly wholly-owned subsidiary Rui He Digital Intelligence (Shenzhen) entered into a partnership agreement with You Shi Jin Kong and Hainan Bao Shu Investment Co., Ltd. to establish a limited partnership. According to the partnership agreement, the total capital contribution of all partners in the limited partnership is RMB 100 million, with You Shi Jin Kong acting as the general partner, planning to contribute RMB 100,000; Rui He Digital Intelligence (Shenzhen) and Hainan Bao Shu, as limited partners, plan to contribute RMB 11.9 million and RMB 88 million, respectively.

US Stock Market Move | SpaceX (SPCX.US) rose over 8%. The unlock of restricted shares did not lead to selling pressure, and short covering pushed the stock price up.

On Friday, SpaceX (SPCX.US) rose by over 8%, closing at $124.46.

MEMESTRATEGY (02440) issues a profit warning, expecting a mid-term net loss of no less than 65 million yuan.

Mistrategy (02440) announced that the group expects to record a net loss of not less than RMB 65 million for the six months ending June 30, 2026 (six months ending June 30, 2025: a net loss of RMB 34 million). This is primarily due to (i) a fair value loss on assets measured at fair value during the period (a non-cash item) of approximately RMB 12.7 million; and (ii) an increase in administrative expenses of approximately RMB 17.5 million, mainly due to the development of several new collectible-related businesses during the period.

US Stock Market Move | Storage chip concept stocks generally fell, with Seagate Technology Holdings PLC (STX.US) dropping over 10%.

On Friday, storage chip concept stocks fell broadly, with Seagate Technology (STX.US) dropping over 10%.

IMAGI INT'L (00585) issues a profit warning, expecting the interim profit before tax to increase by not less than HKD 15 million compared to the same period last year.

Yili International (00585) announced that the company expects to achieve an unaudited consolidated profit before tax of no less than HKD 15 million for the six months ending June 30, 2026. This represents an improvement compared to the unaudited consolidated profit before tax of approximately HKD 4.4 million for the same period ending June 30, 2025.

US Stock Market Move | AI application software stocks initially strengthened, with Doximity (DOCS.US) soaring over 59%.

The AI application software stocks showed strength in early trading.

US Stock Market Move | The stock price has surged for two consecutive days! ZAI LAB (ZLAB.US) has risen by over 10%.

After yesterday's stock price surge of over 13%, on Friday, Zai Lab (ZLAB.US) experienced another increase of over 10%, reaching $23.03.

Zhejiang Shibao (01057) plans to raise no more than 1.394 billion yuan through a private placement of A-shares.

Zhejiang Shibao (01057) announced that the company intends to issue A-share stocks to no more than 35 specific investors (including 35), raising no more than 1.394 billion yuan. The net proceeds are intended to be used for the industrialization construction projects of automotive steer-by-wire systems, the industrialization construction projects of the next-generation intelligent steering systems for passenger vehicles, the technological renovation projects for automotive electronic PPK products, the enhancement of research and development capabilities for steer-by-wire and angle module systems, and to supplement working capital.

US Stock Market Move | Optical communication concept stocks surged, with Applied Optoelectronics (AAOI.US) rising by more than 12%.

On Friday, optical communication concept stocks experienced a general rise, with Applied Optoelectronics (AAOI.US) increasing by over 12%.

AI dividends are flowing into traditional industries! From garbage trucks to insurance brokers, profits can be "harvested" beyond tech giants.

The adoption of artificial intelligence tools by American enterprises is gradually showing returns, which undoubtedly serves as a reassurance to investors who previously had doubts about the hefty AI investments made by a few major players.

KO YO GROUP (00827) issued a profit warning, expecting a mid-term loss attributable to shareholders of approximately 146 million yuan, a year-on-year decrease.

Jiu Yuan Group (00827) announced that it expects a shareholders' loss attributable to the group of approximately RMB 146 million for the six months ending June 30, 2026, which is a decrease of approximately RMB 40 million compared to a shareholders' loss of about RMB 186 million in the same period last year. The decrease in the groups shareholders' loss is mainly due to the rise in product market prices following the outbreak of the U.S.-Iran war, which improved the gross margin of the groups products.

AHSAY BACKUP (08290) released its interim results, reporting a loss attributable to equity holders of HK$94,000, a decrease of 48.07% year-on-year.

Ashi Backup (08290) announced its performance for the six months ending June 30, 2026, with revenue of HKD 16.677 million, a year-on-year decrease of 11.76%; loss attributable to equity holders of the parent company was HKD 94,000, a narrowing of 48.07% year-on-year; basic loss per share was HKD 0.00.

U.S. stock market opens: all three major indices rise.

The Dow Jones rose 0.10%, the S&P 500 increased by 0.36%, and the Nasdaq climbed 0.77%. Microchip Technology surged 10.19%, Airbnb rose 9.98%, Coherent Corp increased by 9.74%, Newman Mining went up 5.81%, and Yara International soared 5.40%. In terms of the "Seven Sisters": Tesla rose 1.12%, Nvidia increased by 1.05%, Amazon climbed 0.52%, Microsoft went up 0.24%, Apple rose 0.19%, Google increased by 0.14%, and Meta Platforms rose 0.03%.

RAILY AESMED (02135) issues profit alert, expecting a mid-term profit attributable to shareholders of approximately 4 million yuan, a turnaround from losses to profits year-on-year.

Ruili Medical Aesthetics (02135) announced that the group expects to record revenue of approximately RMB 115 million for the six months ending June 30, 2026, compared to about RMB 85 million for the six months ending June 30, 2025; and the group anticipates that it will record a profit attributable to shareholders of the parent company of around RMB 4 million for the six months ending June 30, 2026, whereas it recorded a loss attributable to shareholders of the parent company of approximately RMB 8 million for the six months ending June 30, 2025.

Beijing: The required duration of social security and individual income tax contributions for non-Beijing registered households purchasing a home has been reduced to one year.

On the evening of the 7th, the Beijing Housing and Urban-Rural Development Committee, the Beijing Planning and Natural Resources Committee, and the Beijing Housing Provident Fund Management Center jointly issued a notice titled "Notice on Further Optimizing and Adjusting the City's Real Estate Policies," which clarifies that the social security or individual income tax payment period for non-Beijing resident families purchasing commercial housing within the Fifth Ring Road has been reduced from "2 years" to "1 year." After the adjustment, the social security or individual income tax payment period for non-Beijing resident families buying commercial housing within the city will be uniformly set at "1 year," while the number of commercial housing units that can be purchased will remain unchanged. Specifically, families who have paid social security or individual income tax for a full year can purchase one unit of commercial housing within the Fifth Ring Road; families with multiple children can purchase an additional unit. Outside the Fifth Ring Road, there will be no limit on the number of units that can be purchased. The notice will be implemented starting from the 8th.

New Stock News | Zhejiang Energy's Mai Ling Reapplies to the Hong Kong Stock Exchange as the World's Largest Provider of Green Shipping Equipment and Systems

According to the Hong Kong Stock Exchange's disclosure on August 7, Zhejiang Zheneng Mailing Green Shipping Technology Co., Ltd. has submitted a listing application to the main board of the Hong Kong Stock Exchange, with CITIC Securities and CMB International as joint sponsors.

HAIWEI ELEC (09609) issued a profit warning, expecting the company's profit attributable to owners for the first half of the year to be approximately 3.6 million to 7.4 million yuan, representing a year-on-year decrease of about 80% to 90%.

Haiwei Holdings (09609) announced that the group anticipates a profit attributable to company owners of approximately HKD 3.6 million to HKD 7.4 million in the first half of 2026, a decrease of about 80.0% to 90.0% year-on-year.

TI CLOUD (02167) issues profit warning, expecting net profit for the first half of the year to grow by approximately 50% to 80% compared to the same period last year.

Tianrun Cloud (02167) announced that the Group expects to achieve a net profit ranging from RMB 41 million to 50 million for the six months ending June 30, 2026, a significant increase of approximately 50% to 80% compared to a net profit of about RMB 27.7 million for the six months ending June 30, 2025. The Board believes that the growth in net profit is primarily attributable to the revenue from the company's AI-related customer service product portfolio, which has increased by over 100% compared to the same period in 2025.

"Grand Theft Auto 6" is gearing up for release, and Take-Two's (TTWO.US) earnings report shows mixed results: pre-orders exceed expectations, but losses are widening.

Game publisher Take-Two Interactive Software (TTWO.US) reiterated its full-year bookings outlook on Friday and confirmed that the highly anticipated Grand Theft Auto VI will officially release on November 19.

CCID CONSULTING (02176) issued a profit warning, expecting a mid-term after-tax profit of approximately 4.299 million to 8.597 million yuan, a year-on-year decrease of about 80% to 90%.

Saidi Consulting (02176) announced that the group expects its revenue for the six months ending June 30, 2026 (the current period) to decrease by approximately 35% to 45% compared to the revenue for the six months ending June 30, 2025. In addition, the expected profit after tax for the current period is between approximately RMB 4.299 million and RMB 8.597 million, which represents a decrease of about 80% to 90% compared to the profit after tax of RMB 42.985 million for the same period in 2025.

WESTCHINACEMENT (02233) issued a profit warning, expecting that the profit attributable to shareholders in the first half of the year will decrease by approximately 45% to 50% year-on-year.

Western Cement (02233) announced that the group expects to record a decline in profit attributable to owners of the company for the six months ending June 30, 2026, with a decrease ranging from approximately RMB 374.2 million to RMB 411.6 million. This represents a reduction of about 45% to 50% compared to the profit attributable to owners of the company of approximately RMB 748.3 million for the six months ended June 30, 2025.

The tide of AI panic recedes, and tech giants rebound with "force": is it a return of the kings or just a fleeting moment?

The massive capital investment in the AI sector is it purely burning money, or is it long-term value sowing? The market has provided a preliminary answer in two weeks.

The U.S. labor market shows signs of fatigue! In July, non-farm payrolls unexpectedly decreased by 23,000, while the data for May and June was significantly revised downward. Expectations for a rate hike by the Federal Reserve have cooled.

In July, the U.S. non-farm payroll employment unexpectedly turned negative, and the employment figures for the previous two months were significantly revised downwards, indicating that after exhibiting unexpected resilience earlier this year, the U.S. labor market is facing new challenges.

ETS GROUP (08031) released its interim results, reporting a loss attributable to shareholders of approximately HKD 6.962 million, a year-on-year turnaround from profit to loss.

Easy Communication Group (08031) announced its interim results for the six months ended June 30, 2026, with total revenue of approximately HK$35.628 million, a year-on-year decrease of about 16.4%; the loss attributable to shareholders was approximately HK$6.962 million, shifting from profit to loss compared to the same period last year; loss per share is HK$0.0233.

RITAMIX (01936) announces a profit upgrade, expecting the net profit attributable to shareholders for the first half of the year to exceed 7 million Malaysian Ringgit.

Litami (01936) announced that for the period ending June 30, 2026, the profit attributable to the company's equity holders is expected to increase to over RM 7 million, compared to approximately RM 5.2 million for the period ending June 30, 2025. The Board of Directors believes that this improvement is mainly driven by several key factors: (i) the successful launch of a range of new products last year, leading to increased revenue for the group; (ii) a rise in gross profit alongside sales growth and improvements in gross profit margin; and (iii) a decrease in project expenditures related to investments in Matou Village, Dongjiao Town, Wenchang City, Hainan Province, China.

SuperX has launched a new stock repurchase plan not exceeding $20 million.

On August 7, SuperX announced that the company's board of directors approved the establishment of a new 12-month stock repurchase program, granting a maximum repurchase amount of $20 million.

INKEVERSE (03700) issues a profit warning, expecting that net profit for the first half of the year will decline by more than 30.0% year-on-year.

Yingyu Universe (03700) announced that the group expects its net profit in the first half of 2026 to decline by over 30.0% year-on-year, compared to a net profit of approximately 274 million yuan in the same period of 2025.

Lee Ka-chao: Currently, there are over 160 authorized insurance companies in Hong Kong, including three international insurance groups with Hong Kong as their group regulatory base.

The government of the Special Administrative Region is taking a multi-pronged approach to promote the steady development of the insurance industry.

Bullish sentiment has risen to extreme levels not seen since 2021! As U.S. stocks rebound, Bank of America dampens the mood: investors should reduce exposure to risk assets.

Bank of America strategists warn that investor bullish sentiment has reached extreme levels, and now is the time to start reducing exposure to risk assets.

JD HEALTH (06618) launched 65 new drugs in the first half of the year, leading the industry, with pharmaceutical sales maintaining the top position in the sector.

In the first half of 2026, JD Health launched a total of 65 new drugs, covering fields such as oncology, dermatology, and chronic diseases. The number of new drug launches has continuously led the industry for several years.

New Stock News | Zhejiang Energy Maoling Submits Application to Hong Kong Stock Exchange Again

Zheneng Mailing has once again submitted an application to the Hong Kong Stock Exchange, with CITIC Securities and China Merchants Bank International as co-sponsors.

A-share Announcement Highlights | Chip Leader Cambricon (688256.SH) Releases Impressive Results! Net Profit Surges by 122%

In the first half of 2026, Cambrian Technology announced an operating revenue of 5.996 billion yuan, a year-on-year increase of 108.13%. The net profit attributable to shareholders of the listed company was 2.311 billion yuan, reflecting a year-on-year growth of 122.61%, compared to a net profit of 1.038 billion yuan in the same period last year.

After the employment data was released, the U.S. interest rate futures market lowered the probability of a Federal Reserve rate hike in September.

FDB HOLDINGS (01826) issued a profit warning, expecting a net loss of approximately HKD 9 million to HKD 12 million for the first half of the year.

Fengzhan Holdings (01826) announced that the group expects to incur a net loss of approximately HKD 9 million to 12 million in the first half of 2026, compared to a loss of approximately HKD 5.2 million in the same period of 2025. The increase in the net loss during the period is primarily due to (i) a decline in both the number and contract value of ongoing projects amid the current challenging industry conditions, along with some ongoing projects nearing completion, resulting in reduced revenue recognized by the group; and (ii) rising direct costs, adversely impacting the groups gross profit.

In July, the seasonally adjusted non-farm payrolls in the United States decreased by 23,000, marking the first decline since February, while the market had expected an increase of 80,000.

Trump no longer criticizes the Federal Reserve Chairman individually: the pressure to cut interest rates has shifted to the entire board.

Recently, U.S. President Trump reiterated his stance on interest rate policy, expressing his preference for lowering interest rates, but acknowledged that this is not solely a decision of the Federal Reserve Chairman.

Shanghai Fosun Pharmaceutical (02196): Hydrochloride Levosalbutamol Nebulization Solution Approved for Registration

Fosun Pharma (02196) announced that its holding subsidiary, Fosun Pharma (Xuzhou) Co., Ltd., has recently been granted approval by the National Medical Products Administration for the drug registration application of Salbutamol Hydrochloride Inhalation Solution (hereinafter referred to as "the drug"). The approved indication is for the treatment or prevention of bronchospasm caused by reversible airway obstructive diseases in adults and children over 6 years old.

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