GMT EIGHT - OPPORTUNITIES IN CHINA

New York Fed survey: Americans' confidence in employment prospects falls to a year-low, while inflation expectations remain stable.

The latest consumer expectations survey released on Monday by the Federal Reserve Bank of New York shows that Americans' views on the job market became more cautious in May.

Cipher Digital (CIFR.US) intends to issue $810 million junk bonds for the construction of Amazon.com, Inc. (AMZN.US) AI data center project.

Cipher Digital is planning to raise funds by issuing high-yield bonds worth $810 million for the construction of an artificial intelligence data center project in partnership with Amazon.

Italian technology and software giant Bending Spoons (BSP.US) applies for IPO in the United States, with a rumored target valuation of up to $22 billion.

Bending Spoons has officially submitted its first public offering application to New York, USA.

US Stock Market Move | The concept stocks of optical communication collectively surged, with Applied Optoelectronics (AAOI.US) rising by nearly 13%.

On Monday, stocks in the optical communication sector surged collectively, with Marvell Technology (MRVL.US) and Applied Optoelectronics (AAOI.US) both soaring nearly 13%.

US Stock Market Move | Tesla, Inc. (TSLA.US) rises by over 3%, the all-new next-generation Roadster electric supercar will officially be unveiled in the coming weeks.

On Monday, Tesla (TSLA.US) rose more than 3%, closing at $404.24.

NVIDIA Corporation (NVDA.US) Grace Blackwell system in short supply! Wedbush calls out $330 price target and names a memory stock.

According to the latest report from Wedbush Securities, Nvidia's Grace Blackwell system, including the GB300 and B300 models, continues to face high demand, with multiple customers reporting that the difficulty of purchasing these products is increasing.

US Stock Market Move | Intel Corporation (INTC.US) soared over 9.4%, Alphabet Inc. Class C placed orders for TPU, and NVIDIA Corporation tested 18A process.

Due to the overall shortage of TSMC production capacity, giants like Google and Nvidia are considering Intel as an alternative supplier.

US Stock Market Move | Marvell Technology, Inc. (MRVL.US) rose more than 7% after being included in the S&P 500 index.

On Monday, Marvell Technology (MRVL.US) rose more than 7% to $283.74.

US Stock Market Move | Chip stocks are generally up, Intel Corporation (INTC.US) rose more than 10%.

On Monday, the concept of semiconductor chips rose across the board, with Intel (INTC.US) up more than 10%.

After Cerebras (CBRS.US), the "challenger" of NVIDIA Corporation, saw its stock price nearly halved three weeks after going public, Wall Street collectively shouted "buy."

Cerebras' stock price rebounded, with Wall Street optimistic about its "unique" positioning in the artificial intelligence wave.

Corning Inc (GLW.US) opens higher! Reached a multi-billion dollar agreement with Amazon.com, Inc. (AMZN.US) to boost fiber optics manufacturing in the United States.

According to the agreement, Corning will produce fiber optic products for Amazon's expanding data center infrastructure across the United States and strengthen the domestic supply chain in the United States.

NVIDIA Corporation's ally Nebius (NBIS.US) has "taken another city" by investing 1.7 billion pounds to deepen its presence in the UK AI infrastructure.

Dutch AI cloud infrastructure provider Nebius (NBIS.US) announced on Monday that it will invest approximately 1.7 billion to expand capacity in the UK, adding three new NVIDIA (NVDA.US) infrastructure deployment sites.

US Stock Market Move | Storage chip sector collectively rebounded, Micron Technology, Inc. (MU.US) rose more than 8%.

On Monday, the storage chip sector rebounded collectively, with Micron Technology (MU.US) rising more than 8% and SanDisk (SNDK.US) rising nearly 4%.

U.S. stock market opens: the three major indexes rise and fall unevenly.

The Dow rose 0.40%, the S&P 500 rose 0.86%, and the Nasdaq remained flat. Intel rose 10.94%, Micron Technology rose 9.68%, Micron rose 9.59%, GoDaddy fell 3.08%, The Trade Desk fell 2.23%, and Charter Communications fell 2.13%. As for the "Seven Sisters": Nvidia rose 2.22%, Tesla rose 1.25%, Apple rose 0.89%, Amazon rose 0.50%, Microsoft fell 0.27%, Meta Platforms fell 0.57%, and Google fell 1.11%.

Grand Technology (SDA.US) continues to deepen its cooperation with Huawei's ecosystem, fully empowering Hongmeng Zhi Xing's high-end new energy vehicle insurance services.

Grand Technology has achieved full coverage of high-end brand car insurance services for the entire series under Hongmeng Zhihang, further solidifying its leading position in the domestic high-end intelligent new energy car insurance track, and helping the Huawei Smart Travel ecosystem to be improved and upgraded with full-scenario AI capabilities.

As WWDC 2026 approaches, Apple Inc.'s AI strategy is fully unveiled, and the market is waiting for the signal to restart the replacement cycle.

Now, investors and analysts are hoping for assurance that Apple's AI capabilities can finally be rolled out as planned, and help drive sales growth for its flagship product, the iPhone, in the future.

New Stock News | Harmoni Pharmaceuticals files again with the Hong Kong Stock Exchange

According to the disclosure made by the Hong Kong Stock Exchange on June 8th, Ganzhou Hemei Pharmaceutical Co., Ltd. (referred to as Hemei Pharmaceutical) has submitted its application to the Main Board of the Hong Kong Stock Exchange, with Guotou Securities International as its exclusive sponsor.

Selected A-share Announcements | Shenzhen Huaqiang Industry (000062.SZ) Q1 Electronic Component Revenue Surges Over 300%

Shenzhen Huaqiang announced that the company's electronic components long tail spot business saw a significant year-on-year increase in revenue in the first quarter of 2026, with a growth rate exceeding 300%.

Zhongjin: It is predicted that the year-on-year US CPI in May will "break four".

Zhongjin released a research report stating that the US CPI data for May will be released this Wednesday evening at 8:30.

SpaceX occupies nearly 20% of net assets, while Powerlaw (PWRL.US) is also involved in positioning themselves with other well-known unicorns such as OpenAI and Kalshi.

Closed-end fund Powerlaw (PWRL.US) disclosed that SpaceX (SPCX.US) is its largest holding.

NVIDIA Corporation (NVDA.US) accelerates the layout of physical AI: deepening cooperation with modern cars, promoting Siasun Robot & Automation's industrialization into the substantial landing stage.

Nvidia and Hyundai deepen their cooperation in the field of artificial intelligence and robotics.

South Korea is seeking to prioritize the supply of Vera Rubin, with HBM4 capacity potentially becoming a bargaining chip in negotiations with NVIDIA Corporation.

South Korea's Minister of Science and ICT, Bae Kyung-hoon, announced on Monday that due to delivery delays of NVIDIA's next-generation Vera Rubin graphics processing unit (GPU), South Korea will formally request priority supply.

Preview of US Stock Market | The three major stock index futures rise together, chips and space stocks rebound before the market, and the US stock market welcomes a "super high-pressure test week". Iran announced a halt to military action against Israel.

Before the US stock market opened on June 8th (Monday), the futures of the three major US stock indexes all rose.

Private equity industry faces sudden increase in liquidity pressure! Blackstone (BX.US) may come up with a new measure: issuing bonds against packaged fund shares, involving a capital of 2 billion US dollars.

According to reports, Blackstone Group (BX.US) plans to package its holdings of multiple private equity fund shares into bonds and sell them to investors, with the total value of the shares exceeding $2 billion.

Renewal of Relevant Cooperation Documents between Central Banks of China and Laos.

Recently, during the visit of the General Secretary of the Lao People's Revolutionary Party and President of Laos, Thongloun Sisoulith, to China, with the approval of the State Council, the People's Bank of China and the Bank of the Lao People's Democratic Republic renewed the "Bilateral Local Currency Swap Agreement between the People's Bank of China and the Bank of the Lao People's Democratic Republic in Renminbi/Lao Kip". At the same time, the central banks of the two countries also renewed the "Memorandum of Understanding between the People's Bank of China and the Bank of the Lao People's Democratic Republic on Strengthening Financial Innovation, Digital Payments, and Cooperation on Legal Digital Currency". The signing of the above cooperation documents will help promote bilateral financial cooperation between China and Laos and deepen the economic and trade relationship between the two countries.

Is the AI bull market still intact? After the tech stocks suffered a significant drop, Wall Street analysts believe it is a healthy pullback!

Wall Street strategists believe that after the healthy decline of technology stocks, the rebound momentum remains strong.

NVIDIA (NVDA.O) CEO Huang Renxun: SK Hynix's plan to double wafer production capacity by 2030 is not enough.

Morgan Stanley: Raises Hong Kong's full-year residential property transaction forecast, expects annual property prices to rise by up to 15%

The property market in Hong Kong performed significantly better than expected in the first half of the year, with both new and second-hand properties seeing a rise in sales volume and prices experiencing a significant rebound, reflecting a continued strengthening of market recovery momentum.

Korean leveraged ETFs saw a "own-goal indicator": SK Hynix fell 8%, while the linked products surged 50%

The leveraged ETF linked to SK Hynix - KIM ACE SK Hynix Single Stock Leveraged ETF surged 50% on Monday, while the underlying stock actually fell nearly 8% on the same day.

New Stock News | Qunze Technology Submits Application to Hong Kong Stock Exchange to Become Mainland China's Second Largest IC Listing Company by 2025.

Qunze Technology is a leading supplier of advanced IC packaging IC carriers in mainland China, focusing on the research and development, production, and sales of IC carriers.

New Stock News | Nexchip Semiconductor Corporation (688249.SH) has announced during the hearing at the Hong Kong Stock Exchange that the average monthly production of 12-inch wafers in 2025 is 139,000 pieces.

According to the disclosure by the Hong Kong Stock Exchange on June 8, Anhui Jianghe Integrated Circuit Co., Ltd. (referred to as Jianghe Integrated, 688249.SH) has conducted a listing hearing on the main board of the Hong Kong Stock Exchange, with China International Capital Corporation Limited as its exclusive sponsor.

Middle East supply tightness now showing signs of relaxation! UAE to hold its first auction at the end of February to sell 14 million barrels of crude oil.

The Abu Dhabi National Oil Company (ADNOC) of the United Arab Emirates is selling a large amount of crude oil originating from the Persian Gulf to traders and refineries in Asia. This is the first time since the outbreak of the Middle East war at the end of February that such grades of crude oil have been offered for bidding.

More than just Tesla! Panasonic plans to mass produce data center batteries in the United States by fiscal year 2028, accelerating the rise of AI energy storage business.

Panasonic Holdings announced on Monday that it plans to begin mass producing battery cells for data centers at its factory in Kansas, USA in the 2028 fiscal year (ending in March 2029).

New stock news | Qunce Technology submits application to Hong Kong Stock Exchange

According to the disclosure of the Hong Kong Stock Exchange on June 8th, Suzhou Qunci Technology Co., Ltd. (referred to as Qunci Technology) has submitted an application to list on the main board of the Hong Kong Stock Exchange.

National Bureau of Statistics: Encourage the exploration and construction of data infrastructure storage centers that support large-scale, multimodal datasets.

The National Bureau of Statistics has issued the "Implementation Plan for Promoting the Construction of High-Quality Industry Data Sets", which emphasizes the organic linkage with data infrastructure construction. It encourages the use of national data infrastructure, fully utilizing capabilities such as privacy-protected computing and trusted data spaces, to carry out secure storage, trusted circulation, and efficient application of data sets, promoting the transition from decentralized to centralized and standardized supply of data sets. It also encourages the exploration of building data infrastructure storage centers that support large-scale, multimodal data sets.

National Bureau of Statistics: Encouraging exploration of diverse asset-driven innovation models such as data set pledging financing, valuation into shares, asset securitization, data trust, data insurance, etc., to broaden channels for data value conversion.

The National Bureau of Statistics has released the "Implementation Plan for Promoting the Construction of High-Quality Data Sets in Industries", which mentions exploring innovative paths for the assetization of high-quality data sets in industries. It encourages eligible units to take the lead in exploring pilot projects such as data asset inventory, registration, and evaluation, accumulating replicable and scalable experiences for data assetization. It also encourages exploring diverse assetization innovation models such as data set pledge financing, valuation-based equity participation, asset securitization, data trusts, and data insurance, to broaden channels for data value transformation.

Northbound funds | The net buying of 11.318 billion yuan in the Northbound trading, Knowledge Atlas (02513) officially entered the Hong Kong Stock Connect. Northbound funds aggressively accumulated over 900 million Hong Kong dollars throughout the day.

On June 8th, the Hong Kong stock market saw a net purchase of 11.318 billion Hong Kong dollars by Northbound investors. Among them, the net purchase through the Shanghai-Hong Kong Stock Connect was 9.967 billion Hong Kong dollars, and the net purchase through the Shenzhen-Hong Kong Stock Connect was 1.351 billion Hong Kong dollars.

Alibaba upgrades its large-scale model organization structure and establishes the Token Foundry business unit.

On June 8, Alibaba announced the merger of the Tongyi Big Model Business Unit and the Future Life Lab to establish the Token Foundry Business Unit, which will be directly responsible by the group CEO, Wu Yongming. It is understood that this adjustment involves a batch of AI businesses. Zhou Jingren will serve as Alibaba's chief scientist, leading the establishment of the Alibaba AI Future Research Institute, focusing on the exploration and breakthrough of cutting-edge AI technologies. Zheng Bo will lead Happy Horse, Happy Oyster, and other teams to join the Token Foundry Business Unit.

Southbound funds purchased a net of 11.318 billion Hong Kong dollars today.

In terms of the Shanghai Stock Connect, Ying Fu Fund and SMIC respectively received net purchases of 2.699 billion Hong Kong dollars and 830 million Hong Kong dollars; Pop Mart ranked first in net sales with an amount of 288 million Hong Kong dollars; In terms of the Shenzhen Stock Connect, Ying Fu Fund and Zhipu respectively received net purchases of 2.896 billion Hong Kong dollars and 920 million Hong Kong dollars; SMIC ranked first in net sales with an amount of 1.755 billion Hong Kong dollars.

The Party Committee of the China Banking and Insurance Regulatory Commission held an enlarged meeting to discuss and deploy key tasks in the near future.

On June 5th, the Party Committee of the China Banking and Insurance Regulatory Commission held an expanded meeting to convey and study the important instructions and comments of General Secretary Xi Jinping, and to discuss the implementation measures and deploy key tasks in the near future. Ding Xiangqun, the Secretary of the Party Committee and Director of the Commission, presided over the meeting and delivered a speech, with members of the Party Committee attending. The meeting emphasized the need to effectively enhance the sense of responsibility and urgency in preventing and resolving financial risks. It called for the prudent advancement of risk resolution in local small and medium-sized financial institutions and resolutely holding the line to prevent any "explosive" situations. It also called for further leveraging the "white list" system for guaranteeing housing transactions, and accelerating the development of financing systems that are compatible with new models in real estate development. The meeting urged active cooperation in resolving local government debt risks and supporting the transformation of financing platforms. It stressed the full utilization of the comprehensive platform of inter-ministerial joint meetings, with a focus on comprehensive governance and continuous improvement in the efficiency of prevention and control of illegal activities and systemic governance. It also emphasized the need for vigilant prevention of external shock risks and continuous improvement of emergency response plans.

Nurix (NRIX.US) skyrockets in pre-market trading! Receives Roche's $2.3 billion acquisition of rights related to blood cancer drug bexobrutideg.

Roche has agreed to pay up to $2.3 billion to the American biopharmaceutical company Nurix to acquire rights to its experimental blood cancer drug bexobrutideg.

"The next wave of stocking up emerges! AI consumes MLCC production capacity: delivery time exceeds 20 weeks, urgent shortage of 'electronic industry rice'"

The strong demand for artificial intelligence has extended the delivery time of MLCC, exacerbating the shortage.

The Middle East conflict escalates! Houthi rebels ban Israeli ships from sailing in the Red Sea, causing international oil prices to surge by nearly 5%.

The Iran-backed Houthi armed group announced on Monday a ban on Israeli ships entering the Red Sea, posing a threat to the important shipping route that bypasses the Strait of Hormuz.

WeChat announced that it will provide developers with the ability to access the WeChat AI ecosystem.

On June 8th, WeChat officially provided developers with the ability to access the WeChat AI ecosystem. According to the WeChat Open Course official account, developers need to actively authorize access to WeChat AI in the "Mini Program Management Console - AI Capability". At the same time, the platform provides two access options: automatic mode and development mode, to meet the development needs of different team sizes. In automatic mode, platform approval is required to read the Mini Program source code, without the need for additional development. The platform can analyze developers' Mini Program pages, allowing WeChat AI to operate directly. In development mode, developers can personalize development based on the characteristics of the Mini Program business. After platform evaluation and review, it can be called by WeChat AI. WeChat says that this feature is currently in the testing phase and users cannot experience it yet.

A fire in the cold winter! Goldman Sachs investment in Go Company at the upper limit price range, knocking on the door of Japan's largest IPO in 2026.

This Monday, Japan's most popular taxi-hailing app Go Inc. officially set its IPO price at the upper limit of the offering range at 2400 yen per share.

The State Administration for Market Regulation summoned the headquarters of Meiyijia for a talk.

Today, the reporter learned that the State Administration for Market Regulation recently held a responsible talk with the person in charge of Meiyijia Holdings Limited, in response to the food safety issues such as selling expired food found by regulators and reported by the media in multiple Meiyijia stores over a period of time. They required the company to strictly comply with the Food Safety Law of the People's Republic of China and the regulations on the supervision and management of food safety responsibilities of food sales chain enterprises, establish a comprehensive risk control system and food safety traceability system covering headquarters, branch offices, stores, and all levels of business management activities, comprehensively implement food safety responsibilities, effectively ensure public food safety, and protect consumers' legitimate rights and interests.

Germany's factory orders in April fell more than expected, increasing the risk of an economic contraction in the second quarter.

Germany's factory orders in April fell more than expected, further exacerbating concerns in the market that Europe's largest economy could shrink in the second quarter due to the impact of the Middle East war and soaring energy costs.

Broadband and AI infrastructure supported by favorable wind! ITG (ITG.US) submits application for US stock IPO, seeking to raise up to $300 million.

ITG plans to raise up to approximately $300 million in funds through its initial public offering (IPO).

During the Bank of England's "dove-hawk debate", the Federal Reserve rekindles expectations for interest rate hikes.

On Monday this week, Alan Taylor, a member of the Bank of England's Monetary Policy Committee, stated clearly that the current interest rate level of 3.75% is already limiting the economy and there is no need to raise interest rates to address the inflationary pressures caused by the Iran conflict.

The trillion-dollar track of intelligent connected vehicles has landed! XUNCE (03317) leverages its ability to tokenize data to seize the opportunity of physical AI, with both business model and profitability capabilities being verified.

Xunce Technology has officially signed a tripartite strategic cooperation framework agreement with Bobai Carlink and Saimu Technology.

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