GMT EIGHT - OPPORTUNITIES IN CHINA

US Stock Market Move | Parabilis Medicines (PBLS.US) debuts on the US stock market with the stock price surging over 44% after opening.

As of the deadline for submission, the stock has increased by 44.35%, to $28.87.

US Stock Market Move | American distributed power system supplier ERock (EROC.US) debuted on the US stock market. The stock price fell over 7.5% after the opening.

ERock enters the US stock market, with the stock price dropping after opening. As of the time of writing, the stock has fallen by more than 7.5%, trading at $19.86.

JP Morgan expects the Federal Reserve to leave interest rates unchanged unanimously next week. May may be the peak of this round of inflation cycles.

Although the latest inflation data in the United States has reached its highest level in over three years, JPMorgan Asset Management believes that this is not enough to prompt the Federal Reserve to take action at its meeting next week, and decision-makers are likely to continue to keep interest rates unchanged.

US Stock Market Move | Coca-Cola Company (KO.US) rises by 3%, its stock price defies the trend and hits a new all-time high.

On Wednesday, Coca-Cola (KO.US) rose 3%, closing at $83.80.

After Bitcoin's high retreat, analysts say this round of adjustment may be "one of the healthiest bear markets". Key indicators release signals of bottom formation.

ProCap Financial Chairman and CEO Anthony Pompliano believes that this round of adjustment may be one of the "healthiest bear markets" in Bitcoin history, and the market bottom may be gradually approaching.

US Stock Market Move | Chip stocks fell across the board, with Qualcomm (QCOM.US) dropping more than 5%.

On Wednesday, chip stocks fell across the board, with Qualcomm (QCOM.US) dropping more than 5% and Broadcom (AVGO.US) dropping more than 4%.

US Stock Market Move | Devon Energy Corporation (DVN.US) rises by over 5%. JPMorgan says current stock price is attractive.

On Wednesday, Devon Energy (DVN.US) rose over 5%, reaching $46.45.

The Bank of Canada maintains interest rates unchanged for the fifth consecutive time, Governor Macklem issues rare warning: future may require consecutive rate hikes.

Bank of Canada Governor Macklem issued a rare warning that if the Middle East situation continues to push up energy prices and further drive overall inflation, Canada may need to raise interest rates continuously in the future.

A-share evening hotspots | US CPI returns to "4" as expected! The Fed's short-term rate hike expectations cool

In May, the consumer price index (CPI) in the United States rose by 4.2% year-on-year, reaching a new high since May 2023. Excluding food and energy prices, the core CPI in the United States increased by 2.9% year-on-year in May.

Amazon.com, Inc. (AMZN.US) and Citigroup (C.US) sign a $17.5 billion loan agreement to reserve funds for the expansion of AI infrastructure.

Amazon is further enhancing its financial reserves to support the future construction of data centers and algorithms.

US Stock Market Move | Optical communication concept stocks rebound, Applied Optoelectronics (AAOI.US) rises over 9%

"Concept stocks of optical communication rebound"

Sudden change in US stock market sentiment! From "FOMO" to "fear of a crash," market crazily buys index decline insurance

After the technology stocks plummeted, the cost of hedging the $9 trillion increase in the S&P 500 index soared significantly.

US Stock Market Move | Hot Chinese concept stocks generally rise, Futu (FUTU.US) rose more than 6%.

On Wednesday, the Nasdaq Golden Dragon Index rose by 1.13%, with popular Chinese concept stocks mostly rising, while Futu (FUTU.US) surged by over 6%.

SpaceX (SPCX.US) IPO receives tens of billions of dollars in subscriptions from Middle Eastern funds, global capital pours into Elon Musk's space empire.

According to informed sources, sovereign wealth funds in the Middle East have submitted billions of dollars worth of stock subscription orders for SpaceX's initial public offering (IPO).

US Stock Market Move | Concept stocks of storage chips fell across the board, with Western Digital Corporation (WDC.US) falling nearly 5%.

On Wednesday, shares of storage chip companies fell across the board, with Western Digital (WDC.US) dropping nearly 5%.

Hong Kong Institute of Certified Public Accountants: Fully support the "Hong Kong Corporate Finance Center Development Action Plan" to enhance Hong Kong's tax competitiveness.

The association believes that the "Action Plan" has formulated targeted and forward-looking strategies, which will help to comprehensively enhance Hong Kong's tax competitiveness as the preferred hub for multinational corporate treasury centres (CTCs).

The Nasdaq fell by 1.00% to 25421.950 points, the Dow Jones fell by 0.63% to 50553.250 points, and the S&P 500 index fell by 0.68% to 7336.340 points.

The Dow Jones Industrial Average fell by 0.22% at the opening, the Nasdaq dropped by 0.65%, and the S&P 500 fell by 0.49%. Leading technology stocks such as Qualcomm fell by 2.9%, Nvidia fell by 1.81%, and Intel fell by 1.75%. The Nasdaq China Golden Dragon Index dropped by 0.3%, Alibaba fell by 3.09%, and Baidu fell by 2.56%.

The U.S. inflation rate has returned to over 4% for the first time in three years, and the Federal Reserve may maintain high interest rates for longer.

Fueled by the increase in energy costs caused by the Middle East war, overall inflation in the United States accelerated again in May, but the core indicators measuring potential inflationary pressures increased less than expected.

More than half of Bitcoin holdings are "underwater", analysts say this phenomenon is more common near the bottom of the bear market.

According to Vetle Lunde of K33 Research, currently over 50% of Bitcoin trading prices are lower than their purchase costs, the first time this has happened since the end of 2022. A month ago, this proportion was only 30%.

Hong Kong Stock Exchange: From early December last year to the end of May this year, the total amount of funds raised by AI value chain companies' new listings reached HK$97.9 billion, with 70 companies currently still waiting to go public.

Data from the Hong Kong Stock Exchange shows that from December 2025 to the end of May, a total of 62 new companies were listed in Hong Kong, an increase of 1.13 times or 33 more compared to the previous year.

Oil tanker tracking data indicates a positive signal: multiple ships crossing the Strait of Hormuz, and Iraq's crude oil exports are increasing.

More and more signs indicate that the scale of crude oil exports is recovering.

Huang Tianyou: Chinese asset management institutions can attract global long-term funds to invest in China through mature mechanisms, further accelerating the process of renminbi internationalization.

Chairman of the Hong Kong Securities and Futures Commission, Carlson Tong, mentioned during the annual meeting of the Hong Kong Chinese Asset Management Association that they will deepen their overseas expansion strategy while maintaining a strong presence in the Hong Kong market.

Senator Warren seeks SEC review of SpaceX IPO in the United States.

Amazon.com, Inc. (AMZN.US) officially launches LTL freight services, US stock LTL sector plunges.

Amazon is aggressively entering the trucking transportation field, triggering a new round of selling in related transportation stocks.

A-share Announcement Highlights | BYD Company Limited (002594.SZ): Second generation blade battery capacity unable to meet demand, rapid growth in orders after flash charging technology release.

BYD announced that after the launch of the company's second-generation blade battery and flash charging technology in March, orders have experienced explosive growth. Currently, production capacity is unable to meet demand, and the company is working hard to increase the production capacity of the second-generation blade batteries to meet the orders.

Trump Media & Technology Group: No plans to proceed with the spinoff of assets such as Truth Social at this time.

Trump Media Technology Group and TAE Technology Company announced today that they are still fully committed to moving forward with the previously announced merger transaction, and are striving to complete the delivery by the fourth quarter of 2026 or earlier. Additionally, it was disclosed on February 27, 2026 that TMTG, TAE, and Texas Wind Investment Acquisition Three Phase have been discussing a spin-off plan: planning to divest some of TMTG's media assets, establish a new publicly traded company, and after the completion of the TAE merger transaction, merge this new company with Texas Wind Investment Acquisition Three Phase. After a thorough evaluation, all parties have decided not to proceed with the spin-off plan at this stage. After the completion of the TAE merger transaction, the board of directors of the merged entity will evaluate various strategic optimization plans for the various business sectors of the group to enhance shareholder value.

Ueda Kazuo will be absent from the key policy meeting due to hospitalization, which is expected to have no effect on the Bank of Japan's interest rate hike process.

According to the information released by the Bank of Japan, Governor Haruhiko Kuroda is expected to be absent from next week's monetary policy meeting as he is in hospital for treatment. The market generally expects the Bank of Japan to raise interest rates by 25 basis points at the meeting next week.

The US May CPI year-on-year, not seasonally adjusted, recorded a 4.2% increase, in line with market expectations, reaching a new high since April 2023.

In May, the United States' non-seasonally adjusted core CPI year-on-year rate was 2.9%, in line with expectations of 2.90% and up from the previous value of 2.80%.

In May, the seasonally adjusted core CPI in the United States rose by 0.2%, lower than the expected 0.3% and below the previous value of 0.4%.

Insider: SpaceX IPO receives investment of several billion dollars from Middle Eastern funds.

Multiple informed sources revealed that the Gulf sovereign wealth funds have made a substantial subscription to the SpaceX IPO shares, with a total amount reaching tens of billions of dollars. This once again confirms the grand strategy of the Middle East to dominate the global artificial intelligence industry funding supply. The sources said that the Saudi Public Investment Fund and the Kuwait Investment Authority each submitted subscription orders of 1 to 5 billion dollars; the Qatar Investment Authority, which manages assets of 580 billion dollars, is also highly likely to make a significant investment. Insiders indicated that Middle Eastern domestic institutions are already important shareholders of Musk's rocket, satellite, and AI company; with the company's target valuation of 1.8 trillion dollars, these holdings have substantial unrealized gains on the balance sheet. It is currently unclear how much of the funds raised by major funds in this round of subscriptions will be used to hedge against the dilution of equity after going public. Not only the Middle East, but major institutions around the world are competing for shares, and overall subscription demand has exceeded expectations. Bloomberg previously reported that some institutions declared subscription amounts exceeding 10 billion dollars, but the final actual allocation is likely to be reduced. The spokespersons for the Saudi Public Investment Fund and the Qatar Investment Authority declined to comment, and the Kuwait Investment Authority has not responded to interview requests.

Doubao Professional Version opens gray scale testing: The highest grade annual fee exceeds 5000 yuan.

Recently, ByteDance's AI product Douyin officially launched the professional version subscription grayscale test, and many users received related activation reminders when using the expert mode.

It is reported that the sovereign wealth funds of Saudi Arabia and Kuwait have placed orders of $1 billion to $5 billion each in SpaceX's IPO.

The bull market faces another stress test! Oracle Corporation (ORCL.US) tonight will test the "AI faith" with its financial report.

Oracle's financial report may pose another test for the AI boom.

HBM dominates and speeds up to enter the U.S. stock market: SK Hynix is expected to go public as soon as August. Can it break through the "Korean discount"?

According to foreign media citing informed sources, South Korean storage chip giant SK Hynix is planning to list in the United States as early as August this year. The US Securities and Exchange Commission (SEC) is expected to approve its American Depositary Receipt (ADR) listing application during the week of June 22.

The power generation pattern in the United States is changing: CECEP Solar Energy's power generation exceeds coal for the first time, and calls for policy adjustments are increasing.

In May, the solar power generation in the United States exceeded coal generation for the first time.

Preview of US Stock Market | Three major stock index futures fell together, heavy-weight US May CPI is coming, and Oracle announced its financial report after the market closes.

On June 10th (Wednesday) pre-market, the futures of the three major US stock indices all fell.

Leading photovoltaic stocks suddenly staged a comeback, and mandatory energy consumption and efficiency standards may be introduced in the near future.

The market sentiment of the photovoltaic sector suddenly reversed. At the close on June 10th, JinkoSolar Technology, Aixu Shares straight up limit, and LONGi Green Energy approached the limit. This sudden reversal was quite unexpected, with a large amount of funds pouring in during the last half hour. The long-lost surge in this sector may be related to a rumor in the afternoon. There was speculation on the internet that "it seems like next week will implement mandatory photovoltaic standards, involving silicon materials, silicon wafers, and components, and approximately 30% of production capacity may be eliminated based on previous criteria." Pengpai News contacted several companies to verify this information, and they all responded that they were aware of this speculation but could not confirm its authenticity at present. The authenticity of this "short essay" is uncertain, but there has indeed been a recent increase in policy expectations. During the SNEC Solar Energy Exhibition held last week, the head of a photovoltaic company revealed that, according to their understanding, the long-awaited third-level energy efficiency mandatory standard is expected to be introduced soon. It is understood that photovoltaic companies with significant technological advantages but suffering from slow industry-wide capacity clearance are eagerly anticipating this policy, as it will provide a technical basis for industry-wide selective tendering and procurement and the elimination of outdated products. "Companies that do not meet the standards will have a hard time. Financial institutions will immediately stop financing if they see that you do not have the ability to make technological upgrades." The above-mentioned person believes that the third-level energy efficiency standard should be implemented as soon as possible and continuously optimized and improved.

Global sovereign debt supply cycle is on the rise: Record $504 billion in financing in the first half of the year, driven by fiscal expansion.

As public spending increases dramatically, governments around the world are financing through the syndicated bond market at an unprecedented pace.

Director Zheng Zhajie of the National Development and Reform Commission presided over an expert symposium on economic conditions, listening to opinions and suggestions on the current economic situation and how to do the next economic work well.

On June 10, Zheng Zhajie, director of the National Development and Reform Commission, presided over an expert seminar on the economic situation, discussing with members of the Chinese Academy of Social Sciences, Cai Fang and Zhang Li, the dean of the China Securities Institute, and some chief economists of domestic and foreign brokerages. They focused on analyzing and evaluating the current economic situation, continuously expanding domestic demand, promoting high-level scientific and technological self-reliance and industrially controllable supply chains, and focusing on stabilizing employment, enterprises, markets, and expectations. They listened to the opinions, views, and suggestions of the experts present. During the seminar, experts freely expressed their opinions and provided detailed views on the current economic situation in China. They believed that since the beginning of this year, the Chinese economy has maintained stable operation, with new technologies such as artificial intelligence accelerating its development. Despite external shocks, exports have maintained rapid growth, and the resilience of industrial and supply chains continues to be evident. China has performed well among major global economies, and prospects for China's economic development are generally positive. At the same time, experts at the seminar thoroughly analyzed the prominent difficulties facing the current economic operation, and proposed relevant suggestions around better implementation of macroeconomic policies, actively expanding domestic demand especially in effective investment, promoting deep integration of technological and industrial innovation, stabilizing and expanding employment, and preventing and resolving risks in key areas.

Hong Kong Investment Company: Currently in discussions with the Hong Kong government for further investment, will continue to focus on enhancing the future value of Hong Kong.

Chen Jiaqi pointed out that "For every 1 Hong Kong dollar invested by the investment company, it can attract more than 8 Hong Kong dollars in international long-term capital co-investment." Future investments will continue to focus on enhancing the future value of Hong Kong.

Is Zhang Xue's motorcycle planning to go public? Zhang Xue responded: Let nature take its course.

During the roundtable meeting on the high-quality development of the motorcycle industry in China, Zhang Xue, chairman of Zhang Xue Motorcycle Co., Ltd., spoke with the media. When asked about whether Zhang Xue Motorcycle has any plans to land on the capital market, Zhang Xue said, "Let nature take its course." According to media reports, Zhang Xue Motorcycle has received two investments. In July 2024, Gaoshin Capital's fund, Shanghai Gaoshin Lingzhi Entrepreneurial Investment Partnership Enterprise, invested 20 million yuan, holding approximately 9.17% of the shares. In January 2026, Zhejiang State-owned Capital Operation Co., Ltd.'s Zhechuangtou completed a Series A investment in Zhang Xue Motorcycle through two funds, with a total investment of 90 million yuan, increasing the valuation to 1.09 billion yuan.

Hong Kong Treasury Bureau: Building a Commodity Trading Ecosystem with the Development of an International Gold Trading Market as the Starting Point.

Xu Zhengyu stated that the Hong Kong government is using the development of the international gold trading market as a starting point to construct a commodity trading ecosystem.

Apollo's co-president warns: Private equity is "losing its way", valuation correction is "inevitable"

Apollo Global Management Inc.'s Co-President Scott Kleinman warns that in an era of loose monetary policy, private equity has "lost its way a bit".

New Stock News | Ant International Seeks $1 Billion Financing Valuation Reaches $10 Billion or Pave the Way for Listing in Hong Kong

This round of financing may value Ant International at 10 billion dollars or more.

The Hong Kong Monetary Authority (HKMA) is holding a seminar on corporate finance and tokenization to promote the application of tokenization technology.

The Hong Kong Monetary Authority (HKMA) held a seminar titled "Corporate Finance x Tokenization: Leveraging Hong Kong's New Advantages" earlier this week.

Yuanbao (YB.US) releases Q1 2026 financial report: Upgrading the insurance service value chain from "Toolized AI" to "Organized AI"

Yuanbao (YB.US) releases unaudited financial performance for the first quarter of 2026.

DCE: Adjusting the margin level of coke futures contract trading.

DCE Announcement: starting from the settlement on June 12, 2026, the margin levels for speculation and hedging trading of coke futures contracts will be adjusted from 20% and 15% to 12%.

Hollywood's "Century Merger" Faces Another Obstacle! Paramount (PSKY.US) Acquisition of Warner (WBD.US) Under EU Investigation, Middle Eastern Funds under Scrutiny.

The European Union is currently reviewing the acquisition of Warner Bros. Discovery by Paramount Skydance Company for $110 billion, according to the Foreign Subsidy Regulation (FSR).

Latest

6 m ago

Market News: Several oil tankers have begun to secretly navigate through the Strait of Hormuz.

12 m ago

According to informed sources, SpaceX's initial public offering (IPO) has attracted demand for over four times the available shares before it stopped accepting subscription applications.

26 m ago

Market news: The European Central Bank plans to raise interest rates by 25 basis points, signaling that inflation risks indicate a further tightening of monetary policy in the future.

29 m ago

On Wednesday, the size of the overnight reverse repurchase agreement used by the Federal Reserve was $387 million, down from $577 million on the previous trading day.

30 m ago

The UK audit regulatory authority will launch an investigation into companies affiliated with the bankrupt mortgage lending institution MFS.

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