GMT EIGHT - OPPORTUNITIES IN CHINA

US Stock Market Move | JOYY, Inc. Sponsored ADR Class A (JOYY.US) surged more than 20% as its Q1 revenue increased by 12.4% year-over-year.

On Tuesday, JOYY.US surged over 20% to $65.48.

US Stock Market Move | Semiconductor stocks are generally rising, with American company Advanced Micro Devices (AMD.US) up 6%.

On Tuesday, semiconductor stocks rose across the board, with US-based AMD rising by 6%.

A-share evening hotspots | UBS significantly raises target price to $1625, Micron Technology stock price soars

Micron Technology surged more than 10%, after UBS raised the target price for this memory chip manufacturer from $535 to $1625, the highest on Wall Street.

US Stock Market Move | Stock prices bounce back from oversold levels! Futu Holdings Ltd. Sponsored ADR Class A (FUTU.US) and UP Fintech Holding Ltd. Sponsored ADR Class A (TIGR.US) both surged more than 14%.

On Tuesday, the stock prices of Futu Holdings (FUTU.US) and Tiger Brokers (TIGR.US) both rebounded significantly, rising by over 14% and 12% respectively.

After the Trump administration's investment, the largest IPO of quantum computing in the US is coming!

Honeywell-backed company Quantinuum plans to raise $1.05 billion through its initial public offering.

US Stock Market Move | Storage concept stocks are generally rising, with Micron Technology, Inc. (MU.US) surging by over 12%.

On Tuesday, storage concept stocks rallied, with Micron Technology (MU.US) rising more than 12%.

Price surge on the eve of IPO! SpaceX is rumored to be "controlling" the core needs of the US military, causing the cost of Starlink service to skyrocket fourfold.

SpaceX has been exposed to the importance of the Starlink system in the US military combat system, and has gained strong bargaining power.

BP p.l.c. Sponsored ADR (BP.US) Governance Crisis Deepens! Chairman Dismissed Just Months After Taking Office

The board of directors of BP plc has dismissed newly appointed chairman Albert Manifold due to serious concerns about governance standards, oversight, and conduct.

Micron Technology's stock price soared 12%, marking the largest intraday gain since May 8th.

US Stock Market Opening: Three major stock indices are mixed.

The Dow rose 0.25%, the S&P 500 rose 0.60%, and the Nasdaq remained unchanged. MeWe Technology gained 10.27%, Micron Technology gained 9.92%, AppLovin rose 8.29%, Car Zone fell 4.97%, Atlassian fell 2.79%, and Caijie fell 2.28%. In terms of the "seven sisters": Tesla rose 1.42%, Amazon rose 0.70%, Apple rose 0.40%, Google rose 0.34%, Nvidia rose 0.17%, Meta Platforms fell 0.02%, and Microsoft fell 0.95%.

"Legal ambiguity" becomes the focus of the game! Wall Street major banks lobby the Fed to ensure loose regulation once and for all.

According to reports, large Wall Street banks are privately lobbying the Federal Reserve, hoping that in designing new banking regulations, it will ensure that the reforms will not be easily overturned by future governments.

Insiders: The unfreezing of Iranian overseas funds is a major sticking point in Iran-US negotiations.

A source close to the Iranian negotiating team has indicated that one of the main differences in the Iran-US negotiations is the issue of unfreezing Iranian overseas funds.

JP Morgan: US stock market is pricing the risk of rate hike too high. Low volatility stocks such as consumer staples and utilities are set to rebound.

In the view of J.P. Morgan strategist Mislav Matejka, the market is currently pricing in the potential risk of the Federal Reserve raising interest rates too high, which creates conditions for a rebound in low volatility stocks such as consumer staples and utilities.

US FHFA house price index rose by 0.1% in March, revised from 0.0% to -0.1%. US FHFA house price index in March was 441.5, revised from 441.4 to 441.2. US FHFA house price index increased by 1.7% on a yearly basis in March, unchanged from the previous value of 1.7%.

"Ferrari NV (RACE.US) "Contrarian Gambling" meets cold: the first pure electric luxury car received poor reviews, and the stock price plummeted."

Ferrari's first electric car received poor reviews and their stock price fell.

"War metal" is in a state of emergency, and the United States is searching globally for tungsten resources.

With the outbreak of the Middle East conflict, the high-end ammunition stockpiles of the United States and its allies are being consumed at an unprecedented rate, causing tungsten metal to quickly become a core strategic resource in the global military and technology industry chain, and forcing the United States to urgently search for this strategic material worldwide.

Macao Monetary Authority: Successfully completed the first phase of "Digital Macao Pataca" infrastructure construction and core system development by the end of 2025.

In the future, the Monetary Authority of Macau will systematically expand the scope of sandbox testing to explore diverse application scenarios such as electronic government, public transportation, and campuses.

The European Central Bank's expectations of a rate hike in June are heating up, Chief Economist Liam: inflation forecasts will be raised in June

In an interview, the Chief Economist of the European Central Bank, Philip Lane, stated that due to the Iran War causing energy prices to remain high, the European Central Bank may revise its quarterly inflation forecast upwards in June.

A-share Announcement Highlights | GigaDevice Semiconductor Inc. (603986.SH): Holding a small percentage of shares in Changxin Technology, the controlling shareholder's reduction plan is still being implemented.

MegaChips Innovation announced that it only holds 1.80% of the total shares of Changxin Technology, with a small shareholding percentage, and the company cannot exert significant influence on its production and operation decisions.

The Hong Kong Independent Commission Against Corruption (ICAC) revealed in a corruption investigation that the former general manager of a pharmaceutical company scammed service fees of HK$1.1 million. Three individuals were sentenced to a maximum of 26 months in prison.

The Hong Kong Independent Commission Against Corruption uncovered a corruption investigation in which the former general manager of a pharmaceutical company falsely claimed that a secretarial company under his management had provided consultancy services, deceiving the pharmaceutical company into paying a service fee of approximately 1.1 million Hong Kong dollars. The business partner of the subordinate then helped to "launder money".

Preview of US Stock Market | Three major stock index futures rise together, brief exchange of fire between US and Iran intensifies negotiation fog, pre-market trading of space and chip stocks mostly rise.

On May 26 (Tuesday) before the US stock market opens, the futures of the three major US stock indexes are all rising.

European Central Bank: Fluctuations in private credit have not led to systemic risks in the euro area, but localized pressures have emerged.

The European Central Bank said in a report on Tuesday that the recent volatility in the private credit markets has not brought systemic risks to the euro area, but certain areas of the financial system are exposed to risks, with local pressures gradually becoming apparent.

New stock news | Ingenic Semiconductor (300223.SZ) Secondary filial listing on the Hong Kong Stock Exchange, ranking seventh globally in niche type DRAM.

Beijing Junzheng (300223.SZ) operates in a fabless model, focusing on chip research and design while collaborating with leading wafer foundries and packaging and testing subcontractors to ensure business scalability.

SpaceX IPO The "magnetic field effect" continues to ferment! US stocks in the space sector violently soared, with Momentus (MNTS.US) surging 67% in pre-market trading.

Boosted by the optimistic sentiment of SpaceX going public, space stocks continue to rise.

GDPNow predicts a sharp increase of 4.3% in US second-quarter GDP, Pantheon pours cold water: don't be misled by the "hype"

American economists are increasingly questioning the reliability of the GDPNow model of the Atlanta Fed which has attracted a lot of attention. The model predicts a significant acceleration in economic growth in the second quarter despite extremely limited basic data.

Uzbekistan resumes gold exports.

As one of the world's largest gold producing countries, Uzbekistan fully resumed its gold exports in April after a hiatus of about six months. According to the country's National Statistics Committee, Uzbekistan exported approximately $1.5 billion worth of non-monetary gold in the first four months of this year, with the majority of exports concentrated in April. Uzbekistan's annual gold production is around 130 tons. Since September of last year, the country had essentially halted gold exports, while at the same time, the central bank had become one of the world's largest buyers of this precious metal. As another major gold producing country in the world, Russia has also recently accelerated its gold sales pace.

New stock news: Ingenic Semiconductor (300223.SZ) applies for a secondary listing on the Hong Kong Stock Exchange.

According to the prospectus, Beijing Junzheng (300223.SZ) is a global "storage + computing + simulation" chip provider.

Revise suspension rules for securities trading on HKEX.

On May 26, the Hong Kong Stock Exchange issued a notice announcing that, with the approval of the Securities and Futures Commission of Hong Kong, amendments have been made to the regulations related to the continuous public shareholding requirements in the "Listing Rules of the Stock Exchange of Hong Kong Limited" and the "GEM Listing Rules."

Selling spree of Japanese bonds leads to floating losses hitting the peak! Life insurance giant Nippon Life sets aside 70 billion Japanese yen for impairment.

Nippon Life Insurance Company has made provisions for impairment losses on its holdings of Japanese government bonds, indicating that the book losses on some of its bond holdings have expanded to the extent that write-downs are necessary.

Hong Kong issues a consultation summary on legislative proposals for licensing of virtual asset trading and asset management services.

On May 26, the Hong Kong Treasury Bureau and the Hong Kong Securities and Futures Commission issued a consultation summary on the legislative proposals regarding the regulation of service providers and virtual asset management service providers in Hong Kong.

Northbound funds | North Water's net sales amounted to 968 million, with domestic investors continuing to increase their positions in chip stocks and rushing to buy nearly 800 million Hong Kong dollars of LENOVO GROUP (00992).

On May 26th, the Hong Kong stock market saw a net outflow of 968 million Hong Kong dollars from northbound trading. Specifically, the Shanghai-Hong Kong Stock Connect saw a net inflow of 2.861 billion Hong Kong dollars, while the Shenzhen-Hong Kong Stock Connect saw a net outflow of 3.829 billion Hong Kong dollars.

XIAOMI-W (01810) has implemented a HK$20 billion share buyback plan in the market.

Xiaomi Group-W (01810) announced that a new share buyback plan has been implemented in the market. The plan will take effect when the existing share buyback plan expires on June 2, 2026 (the date of the company's 2026 annual general meeting). According to the new share buyback plan, the company may repurchase up to HK$20 billion worth of Class B ordinary shares within the next 12 months, until the end of the shareholders' annual meeting in 2027.

Xiaomi Corporation: The company may repurchase up to HK$20 billion worth of Class B ordinary shares of the company within the next 12 months, until the annual general meeting of shareholders in 2027.

Ministry of Industry and Information Technology: Facing the future industries such as artificial intelligence in automobiles and new forms of automobiles, we will carry out forward-looking breakthrough actions in standards and plan layouts in advance.

The Ministry of Industry and Information Technology has released the key points of the standardization work for the automotive industry in 2026. This includes strengthening the pre-research of future technical standards. In line with the future industry directions of automotive artificial intelligence and new forms of vehicles, actions will be taken to anticipate and break through standards, and to plan and layout standards ahead of time. Further efforts will be made to enhance the forecasting of future automotive industry technology trends, the construction of standard ecosystems, and the incubation of disruptive technologies. This will involve monitoring, identifying, evaluating, and transforming information on new automotive technologies, products, and trends, as well as continuing research on leading standard technology navigation projects. A number of national standardization guidelines and technical documents that lead industry development and have guiding regulatory roles will be released.

Canadian bank stocks face a key financial report week: Interest rate path changes, differentiation may intensify.

This week, five Canadian banks will focus on releasing their second quarter financial reports. The operating performance and market ratings of each bank show significant differentiation, with some banks relying on overseas business recovery, merger and acquisition integration benefits, and retail banking advantages to achieve steady profit growth.

XIAOMI-W (01810) released its first quarter performance, with total revenue of 99.1 billion yuan. Global smartphone shipments have ranked among the top three for 23 consecutive quarters.

Xiaomi Group (01810) released their performance for the three months ending March 31, 2026. The Group generated revenue of RMB 99.142 billion (units in the same), a decrease of 10.9% year-on-year; adjusted net profit was RMB 6.072 billion, a decrease of 43.1% year-on-year.

Yatsen Holding Ltd. ADR Class A(YSG.US) reported a revenue of 1.02 billion in the first quarter, with a year-on-year increase in research and development investment of 74.2%.

On May 26th, Yixian E-commerce (YSG.US) released its financial report for the first quarter of 2026.

Overcapacity alarm constantly sounding: Western giants investing in key minerals, fearing a repeat of the mistakes made in the "Butter Mountain" and "Aluminium Flood"?

Policies supporting the commodities industry often backfire, and the market may once again fall into the dilemma of overcapacity.

Another key player in Asia following India! It is reported that Malaysia will impose a 10% import tariff on some gold bars to alleviate the pressure of currency depreciation.

Malaysia imposes a 10% import tax on gold bars, impacting precious metal trading.

Xiaomi Group's net profit for the first quarter after adjustments was 6.07 billion yuan, higher than the estimated 5.83 billion yuan.

Tesla, Inc. (TSLA.US) increases stake in CECEP Solar Energy: Texas $250 million factory exposed, aiming for 100GW target.

It is reported that Tesla is developing a large solar manufacturing base at its Berkshire factory site, which is also under construction for a Megapack battery factory.

New stock news | Indonesian gold mining company Merdeka Gold plans to conduct a secondary listing in Hong Kong through the issuance of HDR, aiming to raise at least $500 million.

According to reports citing informed sources and public filings, PT Merdeka Gold Resources is set to launch a second listing in Hong Kong next month, planning to issue Hong Kong Depositary Receipts (HDR).

The encrypted market enters a "dormant period"! Bitcoin's implied volatility hits a nine-month low.

As trading activity slows down and speculative funds shift their interest away from this largest cryptocurrency, the demand for Bitcoin options hedging has weakened, and the expected volatility of Bitcoin has dropped to its lowest level in nine months.

Insiders: ByteDance opens "Bean Bag Stocks" subscription rights to Seed employees this month

According to reports, four informed sources familiar with the incentive plan revealed that ByteDance is providing low-priced stock options linked to its Seed artificial intelligence department for employees. This is the first time ByteDance has issued equity for a specific business unit. The incentive mechanism allows employees to share in the growth profits of the Seed department without being diluted by the performance of ByteDance's other business lines. The sources stated that ByteDance has opened up "bean bag stock" subscription rights to Seed employees worldwide this month, priced at $13 per share. The sources added that the value of bean bag stock has risen by nearly 30% since being granted at around $10 per share at the end of last year.

Two mandatory national standards for photovoltaic modules officially released to help promote high-quality development of the photovoltaic industry.

In order to implement the decision and deployment of the Party Central Committee and the State Council on promoting the high-quality development of the photovoltaic industry, the Ministry of Industry and Information Technology organized the formulation of two mandatory national standards, "Safety Requirements for Photovoltaic Modules" and "Labeling Requirements for Photovoltaic Module."

Nearly 1 billion euros fine! It is rumored that the European Union will impose the most severe DMA regulatory hammer in history on Alphabet Inc. Class C (GOOGL.US).

According to reports, the European Union plans to impose a huge fine of hundreds of millions of euros on Google.

NASA plans to add six more crewed missions to SpaceX, totaling nearly $1.7 billion.

The National Aeronautics and Space Administration of the United States (NASA) issued a procurement notice, announcing its intention to add six additional crewed missions for SpaceX on top of existing commercial crew transportation contracts. NASA stated that upon the effective date of the contract amendment, they will immediately finalize up to three of the missions, with the remaining three to be scheduled as needed until the International Space Station is scheduled to end operations in 2030. The reasons for this additional task are very clear. NASA said that the decision was mainly made based on several factors: the recent reduction in duration of residency missions on the International Space Station, technical faults and delays encountered by Boeing, the mission assignment arrangements of the two companies, and the ongoing technical challenges faced in ensuring reliable crew transportation capabilities. Boeing's CST-100 "Starliner" spacecraft has still not obtained crewed flight certification, and the latest task list from NASA does not allocate any cargo missions for this spacecraft. The contract amount for these six additional missions has not been publicly disclosed yet. Based on an estimate using the standard cost of approximately $287 million for a single mission in 2022, the total amount of this contract amendment may be close to $1.7 billion.

Uber Technologies, Inc. (UBER.US) and Delivery Hero acquisition odds? Bank of America: Antitrust is the biggest variable.

Bank of America Merrill Lynch released a global research report focusing on the ride-hailing giant Uber's plan to fully acquire the European food delivery platform Delivery Hero. Uber proposed to acquire Delivery Hero at 33 euros per share, with a total value of approximately 9.8 billion euros.

Two mandatory national standards for photovoltaic modules have been issued, specifying safety requirements to eliminate power "overrating".

The State Administration for Market Regulation and the National Standardization Management Committee have approved and issued mandatory national standards "Safety Requirements for Photovoltaic Modules" and "Requirements for Nameplate Identification of Photovoltaic Modules", which will take effect on June 1, 2027. It is understood that these two standards were proposed and coordinated by the Ministry of Industry and Information Technology. The "Safety Requirements for Photovoltaic Modules" specify requirements for electrical safety, mechanical safety, fire safety, restrictions on harmful substances, and describe corresponding test methods. In terms of fire safety, the standard not only specifies the fire resistance level and combustion performance of photovoltaic modules, but also sets rigid indicators for the flame retardancy of component materials, aiming to comprehensively reduce the risk of photovoltaic module fires. In the "Requirements for Nameplate Identification of Photovoltaic Modules", the maximum allowable tolerance and verification value of the electrical performance parameters on the module nameplate are specified, measurement methods are clarified, requirements for traceability of measurement values are set, and measurement results can be traced back to prevent the phenomenon of power "overrating".

April inflation "eases" but may be short-lived! UK May commodity prices accelerate but weak economy weakens urgency for rate hikes.

The British retail industry organization stated that the inflation of commodity prices in May in the UK accelerated due to supply disruptions caused by the Middle East war and rising energy costs.

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6 m ago

New York gold futures fell below $4530 per ounce, dropping 0.61% intraday.

12 m ago

Spot gold fell below $4500 per ounce, dropping 1.55% intraday.

13 m ago

Bitcoin fell below $76,000, dropping 1.84% during the day.

16 m ago

SpaceX launches IPO, setting the market on fire, with rocket and satellite stocks soaring across the board.

19 m ago

Space computing startup StarCloud has signed a contract with SpaceX to deploy over 50 Starlink mini laser terminals for use in over 25 satellite orbit data centers. The first batch of hardware is set to be launched into orbit within a year.

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