GMT EIGHT - OPPORTUNITIES IN CHINA

"I am not optimistic enough yet! The majority bull of the US stock market Yardeni said it's not 'fear of missing out' (FOMO) but 'fear of earnings missing out' (FEMO). The current upward trend is based on earnings rather than a bubble."

Long-term bullish on US stocks, Wall Street renowned strategist and President of Yardeni Research, Ed Yardeni, recently stated that despite being viewed as a "super bull" by the market, in retrospect, he was still not optimistic enough about the current uptrend in US stocks.

US Stock Market Move | Fox Corporation is planning to acquire Roku with a premium of $22 billion, causing Fox Corporation-A's stock to plummet over 16%.

On Monday, Fox Corporation - A (FOXA.US) fell against the trend by more than 16%, approaching the low point of the year, currently trading at $54.85.

Quantum computing development route recognized, Mizuho raises target price for D-Wave Quantum (QBTS.US) to $35.

Quantum computing company D-Wave Quantum's stock price surged over 11% on Monday, after Mizuho Securities raised its target price following the company's first analyst day event and reiterated its optimistic outlook on the company's long-term development.

US Stock Market Move | Space concept stocks generally rose, with Rocket Lab (RKLB.US) rising over 7%.

On Monday, US space concept stocks collectively rose, with SpaceX (SPCX.US) and Rocket Lab (RKLB.US) both up over 7%.

US Stock Market Move | The concept stocks of cryptocurrency rebound collectively, and Circle (CRCL.US) surged by more than 11%.

On Monday, the concept stocks of cryptocurrencies collectively rebounded.

SpaceX's listing has caused the sector to rebound, causing potential buying opportunities? KeyBanc has raised the ratings of Rocket Lab and Firefly, and is optimistic about the long-term growth potential of commercial space travel.

The record-breaking IPO of SpaceX has triggered a pullback in the commercial aerospace sector, but in the eyes of some Wall Street institutions, it has become a new opportunity for positioning.

US Stock Market Move | Cloud computing service providers collectively strengthened NEBIUS (NBIS.US) surged over 9%

On Monday, the cloud computing service provider sector of the US stock market collectively strengthened, with NEBIUS (NBIS.US) opening up more than 9% and CoreWeave (CRWV.US) rising more than 7%.

US Stock Market Move | Oil and gas concept stocks generally fell, ConocoPhillips (COP.US) fell more than 5%.

On Monday, oil and gas concept stocks generally fell.

Alleviating the CoWoS gap does not mean the bottleneck is removed: TPU diversion and Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR (TSM.US) CoPoS layout reveals the repricing of AI computing power.

The narrowing gap in CoWoS is only a "current AI packaging queuing relief", not the "end of AI computing power process and advanced process bottlenecks"; Google's diversion, Samsung, and TSMC's 3-nanometer price increases, along with CoPoS mass production planning, collectively indicate that the bottleneck is shifting from CoWoS capacity to advanced processes, large packaging, glass core substrates, TGV, and system-level yield economics.

US Stock Market Move | Popular Chinese concept stocks collectively strengthen: Futu Holdings Ltd. Sponsored ADR Class A (FUTU.US) rose more than 5%.

On Monday, the Nasdaq China Golden Dragon Index rose 1.3% in early trading, leading to a collective strength in popular Chinese concept stocks.

US manufacturing output stagnated for the first time this year, and cost pressures are beginning to erode the recovery momentum.

Data released by the Federal Reserve on Monday showed that manufacturing output in the United States remained unchanged in May compared to the previous month, ending a four-month trend of continuous growth, and falling below market expectations.

US Stock Market Move | NVIDIA Corporation (NVDA.US) rose more than 2% and plans to issue bonds to raise at least 200 billion US dollars.

NVIDIA's stock jumped more than 2% in early trading, as the company plans to issue bonds to raise at least $20 billion.

US Stock Market Move | Star technology stocks are generally up, with American semiconductor company AMD.US rising more than 9%.

On Monday, the three major stock indexes of U.S. opened higher collectively, with the Nasdaq soaring 2.5%. Star tech stocks rose across the board.

SpaceX raised approximately $85.7 billion through this IPO.

US Stock Market Move | Investment bank significantly raised the target price for Micron Technology, Inc. (MU.US) and the stock surged more than 9% at the opening.

On Monday, all US stock indices opened higher, with Micron Technology (MU.US) opening significantly higher, up more than 9%.

US Stock Market Move | SpaceX opened today and continued to rise by over 6%. Elon Musk stated that the revenue will exceed 1 trillion dollars by 2030.

On Monday, SpaceX (SPCX.US) opened nearly 6% higher, following a nearly 20% increase on its first day of trading. It is now trading at $168.88, with a total market value surpassing $2.20 trillion, surpassing Broadcom and Tesla to become the seventh largest publicly traded company in the world.

The Dow Jones Index hit a new all-time high during trading hours, rising 1.1% to its latest level.

Nasdaq China Golden Dragon Index rose more than 1%, Giga Device Technology rose 13.84%, EHang rose 10.86%, Redemption Medicine rose 5.59%, Thunder rose 5.16%, and Kingsoft Cloud rose 5.31%.

The reopening of the Hormuz Strait is in sight: priority for oil and gas transportation, while the transportation of one million tons of fertilizers still needs to be cleared.

Market observers expect that even if the trade situation in this region improves, the recovery of fertilizer transportation will still be a gradual process.

Philadelphia Semiconductor Index opens higher, up 4.7%

The Philadelphia Semiconductor Index opened higher, rising by 4.7%. NVIDIA's stock price rose by 2.67%, TSMC's stock price rose by 3.76%, Broadcom's stock price rose by 3.37%, Micron Technology's stock price rose by 9.31%, AMD's stock price rose by 6.61%, and ASML's stock price rose by 1.47%.

NVIDIA Corporation (NVDA.US) returns to the bond market after five years: plans to issue at least $20 billion in bonds, sparking a new wave of financing frenzy in the Silicon Valley AI sector.

According to sources, Nvidia plans to raise at least $20 billion through issuing high-level bonds, marking the company's first return to the corporate bond market since 2021.

Morgan Stanley: AI financing and energy financing are converging, the era of "electricity + computing power" is coming.

Morgan Stanley's latest research report points out that with electricity becoming a key bottleneck for the expansion of AI, the boundary between AI financing and energy financing is rapidly blurring.

In May, the Pearl River Delta Index rose by 0.33% month-on-month, reaching a ten-month high.

In mid-May, the Central Bay Area Index was 92.34 points, an increase of 0.33% compared to the previous month, marking the fourth consecutive month of increase and a total increase of 2.3%, reaching a ten-month high.

Spot gold broke through $4350 per ounce, rising 3.18% intraday.

SpaceX is fueling the frenzy of commercial space investment! UK's long-established aviation industry supplier Doncasters (DPC.US) is taking advantage of the momentum to go to the US for an IPO, aiming to raise about $750 million.

Aerospace supplier Doncasters (DPC.US) is seeking to raise $746.7 million through a US stock market IPO, joining the wave of various commercial aerospace and defense companies entering the public market. The company plans to sell 23.3 million shares of stock at a price range of $28 to $32 per share. If calculated at the highest price, Doncasters Group's market value will reach $4.3 billion.

Wall Street veteran warns: Market ignores pressure signals, US stocks may face test

Paulson's model shows that soaring oil prices and rapidly fluctuating bond market will soon begin to slow down economic growth momentum, which could hinder the S&P 500 index.

Selected A-share announcements | Eve Energy Co., Ltd. (300014.SZ) net profit in the first half of the year increased by 110% year-on-year. The controlling shareholder of Shengda Resources (000603.SZ) is under investigation.

EVE Energy announced that it is expected to achieve a net profit attributable to shareholders of the listed company of 3.13 billion to 3.37 billion yuan in the first half of 2026, a year-on-year increase of 95% to 110%.

Fox (FOXA.US) announces a $220 billion premium acquisition of Roku (ROKU.US) to accelerate its transformation into digital streaming media.

Fox Corporation has reached a final agreement with Roku Inc. to acquire this leading streaming platform in a combination of cash and stock.

Be on alert! Kaohsiung City Government is considering a policy to reduce food consumption tax to zero. The storm of Japanese bond yields may once again sweep across global stocks and bonds.

The ruling party in Japan is still considering reducing the food consumption tax to zero. If the food consumption tax is reduced to zero, a forecast by the Japanese Ministry of Finance shows that it would result in a tax revenue loss of approximately 5 trillion yen per year.

The imminent opening of the Hormuz Strait, Wall Street bets on cyclical stocks to take over from technology stocks.

Morgan Stanley strategists said that US stocks could benefit from funds rotating into cyclical and economically sensitive industries.

Nvidia plans to raise at least $20 billion through the issuance of high-grade bonds.

Preview of US Stock Market | Three major stock index futures all rise, US and Iran confirm agreement, Super Central Bank Week Heavyweight Strike Coming

Before the opening of the U.S. stock market on June 15 (Monday), futures of the three major U.S. stock market indexes are all rising.

Spot silver broke through $71 per ounce, rising 4.47% intraday.

New stock news | It is rumored that Xiaohongshu will secretly submit a Hong Kong IPO by the end of this month. Its valuation surged to $31 billion last year.

According to reports, the Chinese social platform Xiaohongshu is preparing to confidentially submit its IPO application to the Hong Kong Stock Exchange as early as the end of this month.

Iran war aftershocks rewrite credit bond map: Deutsche Bank reduces holdings of Euro credit bonds, shifts to US dollar corporate bonds as safe haven.

Deutsche Bank, affected by the aftermath of the Iran war, chooses to favor American corporate bonds over Eurozone corporate bonds; European corporate bonds are more susceptible to the aftershocks of the Iran war, with the spread between investment-grade bonds and junk bonds expected to widen by the end of the year.

Exaggerating safety claims for market access? Tesla, Inc. (TSLA.US) is accused of submitting "inflated" FSD safety data to European regulators.

In order to promote the approval of FSD entering the European market, Tesla submitted self-compiled safety data to the regulatory authorities in Sweden and the Netherlands. However, several independent road safety researchers have stated that this set of data is essentially misleading marketing materials.

Will SpaceX take over the "IPO first-day drop curse"? A significant pullback after a high-profile IPO has become a "mandatory course" in the US stock market, with Amazon.com, Inc. and Tesla, Inc. both experiencing halving.

According to data shared by research firm Equity Clock, some of the larger IPOs in the history of the US stock market have experienced severe drops after their initial public debut, before eventually seeing a lasting rebound.

Chen Meibao: The Hong Kong government will continue to optimize the "Hong Kong vehicles heading north" program and steadily expand the "Guangdong vehicles heading south" program in an orderly manner.

Chen Meibao continued to say that the SAR government will integrate experience, maintain communication with the Guangdong provincial government, continue to optimize the northbound travel of Hong Kong vehicles, and expand the southbound travel of Guangdong vehicles in a steady and orderly manner to achieve cultural integration, economic win-win situation, and shared opportunities.

Northbound funds | Northbound trading saw a net buying of 2.11 billion yuan, Knowledge Atlas (02513) launched the new flagship model GLM-5.2, and Northbound investors scrambled to acquire nearly 2.3 billion Hong Kong dollars throughout the day.

On June 15, the Hong Kong stock market saw a net purchase of 21.1 billion Hong Kong dollars by Northbound investors. Of this, the net purchase through the Shanghai-Hong Kong Stock Connect was 8.72 billion Hong Kong dollars, while the net purchase through the Shenzhen-Hong Kong Stock Connect was 12.38 billion Hong Kong dollars.

Southbound funds net purchased 2.11 billion Hong Kong dollars today.

In terms of the Shanghai-Hong Kong Stock Connect, Zhilu and Jiantao Accumulator Boards received net purchases of HK$753 million and HK$548 million respectively; Changfei Fiber Optic Cable had the highest net selling amount at HK$633 million. In terms of the Shenzhen-Hong Kong Stock Connect, Zhilu and Jiantao Accumulator Boards received net purchases of HK$1.541 billion and HK$473 million respectively; China Offshore Oil had the highest net selling amount at HK$565 million.

China Resources New Energy (001248.SZ) pushes into A-shares, decoding the central enterprise sample of the green electricity era.

China Resources New Energy (001248.SZ) is aggressively pushing towards the A-share main board, and will start the subscription on June 22nd.

The war premium is receding, and the "pre-war script" is restarting! Wall Street sounds the horn for a market counterattack, with the "AI computing power team" leading the charge.

Due to the agreement between the US and Iran, global hedge fund managers believe that the AI computing power industry chain, short-term government bonds, struggling Asian currencies, and certain consumer stocks have investment value.

Musk makes more ambitious claims: SpaceX's revenue will surpass 1 trillion by 2030! Wall Street begins recalculating this figure.

Musk said on Sunday that SpaceX's revenue could reach $1 trillion by 2030.

People's Bank of China Shanghai Headquarters: As of the end of May, foreign institutions held 3.21 trillion yuan in bonds in the interbank market.

As of the end of May 2026, overseas institutions held 3.21 trillion yuan worth of bonds in the interbank market, accounting for approximately 1.8% of the total custodial volume of the interbank bond market.

South Korea's Starbucks Corporation (SBUX.US) faced disastrous consequences after its "Tank Day" marketing campaign backfired: sales significantly dropped, the CEO was fired, and nationwide stores had to close early for "remedial" history lessons.

Due to the promotion activities seriously touching the sensitive nerves of society, Starbucks in Korea announced that all stores nationwide will be closed at 3 pm on June 22nd local time, and all employees will receive training on historical awareness and social sensitivity.

State Administration of Foreign Exchange: In May, banks' foreign exchange settlement was 1.6676 trillion yuan, and sales were 1.4229 trillion yuan.

According to the statistics from the State Administration of Foreign Exchange, in May 2026, the banks purchased foreign exchange totaling 1.6766 trillion RMB and sold foreign exchange totaling 1.4229 trillion RMB.

Spot gold rose 3% intraday, currently trading at $4343.37 per ounce.

The Hong Kong Special Administrative Government announced the appointment of senior officials, including the appointment of Chan Kit-ling and four others to new positions.

On June 15th, the Hong Kong government announced the appointment of senior officials.

Hong Kong Tourism Board: In May, the number of tourists visiting Hong Kong increased by 9% compared to the same period last year, with a total of approximately 23 million visitors in the first five months.

In the first 5 months of this year, Hong Kong received approximately 23 million visitors, an increase of 14% compared to the same period last year. Among them, there were 17.67 million visitors from mainland China, representing a 16% increase, and serving as the main driving force behind the growth.

State Post Bureau: In May, China's express delivery development index was 472.9, an increase of 3.1% year-on-year.

The State Post Bureau released the May China Express Development Index Report.

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