GMT EIGHT - OPPORTUNITIES IN CHINA

Southbound funds today saw a significant net inflow of 13.168 billion yuan. In terms of Hong Kong Stock Connect (Shanghai), SMIC International and Tencent Holdings received net inflows of 932 million Hong Kong dollars and 510 million Hong Kong dollars respectively; Xiaomi Corporation-W had the highest net selling amount of 364 million Hong Kong dollars; in terms of Hong Kong Stock Connect (Shenzhen), Kuaishou-W and Ying Fu Fund received net inflows of 1.584 billion Hong Kong dollars and 966 million Hong Kong dollars respectively; SMIC International had the highest net selling amount of 666 million Hong Kong dollars.

Hong Kong stocks closed: Hang Seng Index fell by 0.873%, Hang Seng Tech Index fell by 0.358%

Horizon Robotics fell by 3.039%, HSBC Holdings fell by 3.075%, JD Logistics fell by 3.313%, WuXi AppTec fell by 3.362%, Johnson & Johnson fell by 3.822%, SMIC fell by 4.430%, and Huahong Semiconductor fell by 7.497%.

New stock news | Tian Nong Food once again submits a listing application to the Hong Kong Stock Exchange. Mainly engaged in the production of Qingyuan chicken, live pigs, and related meat products.

According to the announcement made by the Hong Kong Stock Exchange on May 8th, Guangdong Tiannong Group Co., Ltd. has once again submitted its listing application to the main board of the Hong Kong Stock Exchange, with CMB International acting as its exclusive sponsor.

Remote medical platform Veri Medtech (VRHI.US) announced the IPO terms: focusing on the medical cannabis track, issuing a price of $4 per share.

Veri Medtech Holdings (VRHI.US), which provides a remote medical platform for medical marijuana patients, announced its IPO terms on Thursday.

Crazy increase of 78% still not stopping! Goldman Sachs raises bullish flag as South Korean stocks head towards a new journey to 9000 points.

In a recent report released by Goldman Sachs, the bank confidently placed its trust in the South Korean stock market, viewing Korean stocks as its "highest conviction" in Asia. They maintained an "overweight" rating and raised the target price for the KOSPI index for the next 12 months from 8000 points to 9000 points.

A-share market review: A-share differentiation and consolidation under double pressure! Hard technology sector collectively cooled down, is the rebound over?

On May 8, the three major indexes of A-shares all closed collectively lower after a day of weak and volatile trading. The Huangbai Line showed significant differentiation, with small and medium-cap stocks performing relatively strong. At the close, the Shanghai Composite Index was flat, the Shenzhen Component Index fell by 0.50%, and the ChiNext Index dropped by 0.96%. The total turnover of Shanghai and Shenzhen stock markets was 3.05 trillion yuan, surpassing 3 trillion yuan for the third consecutive trading day, a decrease of 95.4 billion yuan compared to the previous trading day.

Wood Sister Stands Firmly Behind Musk: SpaceX IPO Subscription Demand "Like Hungry Wolves", Tesla, Inc. (TSLA.US) Will Win the Autonomous Driving Race.

Wood Sister speaks out: SpaceX's orbit data center will become a "trillion-engine," Tesla's vertical integration is the key to autonomous driving success.

Fastly, the leader in edge cloud, fell 38% in a single day! The slowdown in growth overshadowed the performance exceeding expectations and was unable to escape the impact of "AI disrupting everything".

Despite Fastly's Q1 performance exceeding expectations, the stock price plummeted due to the potential slowdown in growth for the entire year.

National Development and Reform Commission: Starting from 24:00 on May 8th, the prices of domestic gasoline and diesel (standard grade) will be increased by 320 yuan per ton and 310 yuan per ton, respectively.

According to the changes in international market oil prices, starting from 24:00 on May 8th, the prices of domestic gasoline and diesel (standard grade) will be increased by 320 yuan and 310 yuan per ton respectively.

commodity futures closing

Polysilicon fell continuously by 4.89%, pure benzene fell continuously by 4.06%, ortho-xylene fell continuously by 3.98%, ethylene glycol fell continuously by 3.97%, and PTA fell continuously by 3.79%.

The three major stock indexes in Hong Kong quickly rebounded, with the Hang Seng Technology Index leading the way in turning positive. The Hang Seng Index narrowed its decline to 0.6%. As of now, nearly 9 billion Hong Kong dollars in southbound funds have flowed in.

New Stock News | TianNong Food once again submits an application to the Hong Kong Stock Exchange

According to the disclosure by the Hong Kong Stock Exchange on May 8th, Guangdong Tiannong Group Co., Ltd. has once again submitted its listing application to the main board of the Hong Kong Stock Exchange, with CMB International as its exclusive sponsor.

Tariffs dealt a heavy blow to Toyota Motor Corp. Sponsored ADR (TM.US): Q4 operating profit slashed by half, new fiscal year profit guidance reduced by over 20%

Toyota's operating profit has shown a year-on-year decline for the fourth consecutive quarter, reflecting the ongoing pressure brought by U.S. tariffs.

April Non-Farm Payroll Preview: Surface slows down but core remains tight Wage increases strengthen expectations that the Federal Reserve will not cut interest rates within the year.

The market generally expects that there will be 62,000 new jobs added in April, and the unemployment rate will remain at 4.3%; the month-on-month wage growth rate is expected to increase to 0.3%, which will further strengthen the market's expectation that the Federal Reserve will not cut interest rates this year.

Guangdong Tiannong Group Co., Ltd. has submitted its listing application to the Hong Kong Stock Exchange, with CMB International as its exclusive sponsor.

Anthropic goes to the next level! It is reported that the company plans to raise $50 billion in funding this summer, with a valuation approaching $1 trillion, surpassing OpenAI.

According to reports, Anthropic is considering raising billions of dollars this summer to significantly expand its computing power, at which point its valuation will be close to $1 trillion, surpassing OpenAI.

Fidelity Investments will restructure its technology and product delivery team, resulting in the layoff of 800 employees to optimize the organization.

Fidelity Investments is laying off around 800 employees because the company is restructuring its technology and product delivery teams.

Health supplement marketer Aixin Life International (AIXN.US) withdraws its IPO application in the United States, originally planning to raise $10 million.

Aixin Life International withdrew its initial public offering (IPO) plan on Thursday.

Nintendo expects an operating profit of 370.0 billion yen for the full year, estimated at 480.29 billion yen.

5 assistant chief positions at the Hong Kong Monetary Authority have been swapped to prepare for the cultivation of the next generation of leadership.

According to reports, the Hong Kong Monetary Authority will rotate five assistant chief positions to prepare for grooming the next generation of leadership.

ChiNext Index fell by 1.00% to 3794.665 points; Shanghai Composite Index fell by 0.12% to 4174.899 points; Shenzhen Component Index fell by 0.60% to 15548.271 points.

Warburg Pincus is going to acquire PCS, a financial risk management firm under Marsh (MRSH.US).

It is reported that Gaoling's offer beat other private equity firms in the bidding process and is most likely to become the potential buyer of Public Client Services (PCS).

Hong Kong dollar interest rates rise across the board, with one-month interest rates rising for two consecutive days to 2.62%.

On May 8th, Hong Kong dollar interbank interest rates rose across the board, with a one-month interbank interest rate related to property rising for two consecutive days to 2.61613%, an increase of 10.143 basis points.

Nvidia CEO Huang Renxun: If invited, will visit China with Trump.

According to a Reuters report on the 7th, the US government is inviting CEOs of large companies such as Nvidia, Apple, Exxon Mobil, and Boeing to accompany Trump's visit to China. Huang Renxun, CEO of Nvidia, said in an interview on the evening of the 7th, "If invited, it would be my honor - to be able to represent the United States and visit China with President Trump would be a great honor." When asked about the specific arrangements, he added, "We should let the President announce any news he decides to announce." It was reported that executives from Qualcomm, Blackstone Group, Citigroup, and Visa were also invited. An insider confirmed that Citigroup CEO Jane Fraser had been invited to attend. If the schedule goes as planned, Qualcomm CEO Cristiano Amon will also attend. A source revealed that several CEOs received invitations on the evening of the 6th. Bloomberg reported that Huang Renxun's statement indicates that "the leader of the highest valued company in the US has not yet received an invitation to visit China." Boeing CEO Kelly Olbert said in an interview in April that the company is hoping the Trump administration will help finalize a long-awaited large Chinese order.

Has the AI bull market already completed 60%? The legendary investor who accurately predicted "Black Monday" has rung the bell: it could continue for another year or two.

Paul Tudor Jones said that the artificial intelligence boom still has one to two years left.

A-shares midday review: A-shares retreated under dual pressures, with the Sci-Tech Innovation 50 index dropping nearly 3% in half a day! Is the adjustment really starting?

The three major A-share indexes are collectively in a sideways trend, the ChiNext index rises in intraday trading before falling again, and the Sci-Tech Innovation 50 index drops by nearly 3% in the morning session.

Unintentional merger just to boost stock prices? GameStop Corp. Class A (GME.US) "swallowing an elephant" acquisition of eBay motives doubted, arbitrageurs stay away.

Merger and acquisition professionals do not view this deal favorably.

"Is the Gate of Misfortune Opening? 30-Year Treasury Yield Surpasses 5% Temporarily, Wall Street Warns Asset Bubble Might Come to an End"

In some circles on Wall Street, the most intense debate currently is not about tech stock bubbles or oil prices becoming the new norm at $100 per barrel, but whether the 30-year US Treasury bond yield will continue to break through the 5% threshold.

"What if they really go crazy?" Gundlach warns the US to restructure its national debt, has adjusted its positions in response to the "ultimate can-kicking."

DoubleLine Capital's Jeffrey Gundlach is adjusting positions in some of his funds to prepare for a scenario where the US government may choose to restructure its debt as a response to a potential economic downturn.

The release of artificial intelligence terminal intelligence grading standards involving glasses, televisions, headphones, and other products.

The series of national standards on "Artificial Intelligence Terminal Intelligent Grading" (GB/Z 177-2026) has been released.

New stock news | Shenshou Technology submits application to Hong Kong Stock Exchange, ranking ninth in the heavy-duty truck market in Shanxi Guoxin Energy Corporation.

According to Zhoushi Consulting data, by 2025 sales volume, Shenzhen Technology ranks ninth in the Chinese new energy heavy truck market.

After SoftBank's stock price soared by 70%, it faces the "OpenAI reality test": Can the $60 billion bet convince the market?

The sharp rise in the stock price of SoftBank Group will soon face a fundamental test next week. Investors are eager to gain certainty - whether the company's billions of dollars of investment in the increasingly troubled OpenAI is worth it.

MP Materials Q1 financial report reveals a significant industry signal: neodymium and praseodymium production at record high, CEO warns of possible decline in heavy rare earth prices.

MP Materials Q1 financial report interpretation: CEO warned that prices of heavy rare earths "may sharply decline", as a reevaluation of the value of rare earth elements driven by a magnetic formula revolution is unfolding.

The "storage shortage" is getting worse! Technology giants rush to invest in SK Hynix to ensure supply, unprecedented scene.

This phenomenon is unprecedented in the global semiconductor industry, highlighting the severity of the current global chip shortage.

Dalio warned the United States will enter a turbulent period and reiterated that investors should allocate 5%-15% of their assets in gold.

Dalio said that the United States will face turmoil in the coming years, driven by factors including a huge fiscal deficit, a widening wealth gap, and political division between the left and right. He said that investors should maintain a well-diversified investment portfolio, with gold allocation between 5% and 15%.

The Federal Reserve's Kashkari reiterates "hawkish" stance: Inflation cannot become the new norm, rate hikes still possible

Federal Reserve Chairman Kashkari stated that due to the war in Iran, the next steps in interest rate policies are still unclear.

The Ministry of Industry and Information Technology has approved the trial frequency of the sixth generation mobile communication system technology.

The Ministry of Industry and Information Technology has approved the trial frequencies for the sixth generation mobile communication system technology.

Hong Kong stock MaXmat board initially rose more than 6% to close at 173.3 Hong Kong dollars. On the news front, well-known investor Duan Yongping said he cleared his position in China Shenhua and bought into MaXmat.

A-share market morning express | The three major stock indexes collectively opened lower with AI applications, pharmaceuticals, and liquor sectors leading the gains.

On May 8th, the three major stock indexes of A shares collectively opened lower, with the Shanghai Composite Index falling by 0.39% and the Growth Enterprise Market Index falling by 1.07%.

Stock price plummets after earnings! Cloudflare (NET.US) AI efficiency fails to meet market's high growth expectations: layoffs of 20%, Q2 revenue guidance slightly below expectations.

Cloudflare's performance guidance falls short of expectations and announces layoffs.

After the outbreak of the cruise virus in Singapore, two residents who had previously boarded the cruise ship were tested for the Hantan virus.

Insiders: The Kunlun Xin Gang stock listing process is progressing normally.

According to the official website of the China Securities Regulatory Commission, Kunlun Xin Technology Co., Ltd. officially started the guidance for listing on the Science and Technology Innovation Board on May 7, with China International Finance serving as the guidance institution. According to informed sources, Kunlun Xin is still actively progressing with its Hong Kong IPO process.

NVIDIA Corporation (NVDA.US) receives a $2.1 billion investment and a $3.4 billion AI cloud computing contract! IREN (IREN.US) surged after-hours in response.

Nvidia will invest up to $2.1 billion in data center developer IREX as part of a broader collaboration between the two companies aimed at accelerating the development of artificial intelligence (AI) infrastructure.

AI giants compete fiercely! Mythos quickly aims to take the lead as OpenAI speeds up the launch of a new cybersecurity model.

On Thursday, OpenAI launched a derivative version of its latest artificial intelligence model, GPT-5.5-Cyber, currently being made available to verified cybersecurity teams in the form of a limited preview version.

The FTSE China A50 index futures opened down 0.44%.

Rate cut expectations dealt another blow: Three regional Fed presidents oppose loose rhetoric, Collins says "Next rate hike wouldn't be surprising either."

Boston Federal Reserve President Susan Collins said that she agreed with some of her colleagues at last week's monetary policy meeting who disagreed with the wording of the statement after the Fed meeting, which suggested that the central bank would eventually resume cutting interest rates.

The Ministry of Finance allocated 45.8 billion yuan in funding for the development of preschool education in 2026, a year-on-year increase of 38%.

The Ministry of Finance recently allocated a total of 45.8 billion yuan in funding for the development of early childhood education in 2026, an increase of 12.56 billion yuan from the previous year, representing a 38% growth.

The Ministry of Industry and Information Technology approves the technical test frequencies of the sixth generation mobile communication system.

In order to further promote the research and development, standard formulation, and industrialization of 6G technology in China, the Ministry of Industry and Information Technology recently approved the use of 6GHz frequency band for 6G test frequency by the IMT-2030 promotion group, supporting the conduct of 6G technology experiments in some regions in accordance with the typical scenarios and key performance indicators of 6G determined by the International Telecommunication Union. This approval of 6G technology test frequency will greatly promote the high-quality development of 6G in China.

The cost performance ratio of the Apple laptop is the highest, MacBookNeo may increase in price.

This March, Apple launched the MacBook Neo with extremely high cost performance, causing a sensation in the market. The starting price of this device is set at $599, while the price for the domestic version is 4599 yuan. Since its launch, its popularity has far exceeded official expectations, and it has been in short supply for a long time. However, with the continuous rise in global supply chain hardware costs, Apple's model of selling this product at a low price of $599 is facing a serious challenge. The latest industry report points out that this price has gradually become unreasonable, and Apple is considering adjusting product specifications to alleviate profit pressure. In order to cope with the cost crisis, Apple is very likely to remove the 256GB base version from the shelves in the near future, and focus on selling the more profitable 512GB version instead.

Morning meeting highlights of securities companies | Clear upward signal for lithium battery energy storage sector

At today's morning meeting of securities firms, Huatai Securities believes that the strong March exports highlight China's advantage in chemical supply; Citic Securities believes that the lithium battery energy storage sector has clear upward signals; Zhongtai Securities believes that the snack industry is still booming, with differentiated channel structures.

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