Market snapshot
| Index | Level | Change |
|---|---|---|
| SSE Composite | 3842.19 | ▲0.31% |
| SZSE Component | 12887.62 | ▼0.11% |
| ChiNext | 3135.28 | ▼0.23% |
| Hang Seng | 24216.45 | ▲0.73% |
| Hang Seng Tech | 4216.14 | ▲0.78% |
| S&P 500 | 7773.95 | ▲0.66% |
| Nasdaq | 27477.31 | ▲1.05% |
| Dow Jones | 51267.90 | ▲0.18% |
| Gold | 4128.86 | ▼0.28% |
| Crude oil | 89.58 | ▲0.17% |
| VIX | 15.52 | ▲1.37% |
Shanghai turnover: CNY 679.4bn
Macro & policy
| Indicator | Forecast | Previous | Actual |
|---|---|---|---|
| JPY BOJ Governor Ueda Speaks | — | — | — |
| CAD Ivey PMI | 65.2 | 64.3 | — |
Finance news
1. Replicating the ‘Semiconductor Moment’? AI Pharma’s ‘Bottleneck Trade’ Is Taking Shape—Who Is the Next ‘Shovel Seller’?
A ‘bottleneck trade’ similar to the semiconductor cycle is taking shape in AI drug discovery, with investors focusing on supply-chain constraints and potential beneficiaries. The article explores who will become the next ‘shovel seller’ in this trend.
Source: 华尔街见闻
2. The AI ride-hailing race: entry points are shifting, fulfillment decides the endgame
Jiemian reports that competition in AI-powered ride-hailing is shifting as user entry points migrate to AI assistants and other new channels. Ultimately, the winner will be decided by fulfillment capability—real-world capacity and service delivery.
Source: 界面新闻
3. In Focus | Neighbors of the Grave: Over 10,000 Poor Filipinos Live in Cemeteries
More than 10,000 impoverished Filipinos live among graves in cemeteries because they cannot afford housing. The phenomenon highlights severe poverty and a chronic housing shortage in the country.
Source: 财新
4. Japan begins 24th round of nuclear-contaminated water discharge into the sea
Japan has begun its 24th round of releasing treated wastewater from the Fukushima nuclear plant into the sea. The repeated discharges have drawn sustained concern from neighboring countries and the international community over marine environmental and food safety risks.
Source: 第一财经
5. Tech Stocks Lift Nasdaq to Another Intraday Record; Treasury Selloff Persists, Euro Hits 17-Month Low, Brent Oil on a Rollercoaster
Tech shares drove the Nasdaq to a fresh intraday record as a U.S. Treasury selloff continued. The euro slid to a 17-month low against the dollar, while Brent crude swung sharply in volatile trade.
Source: 华尔街见闻
6. Nokia CEO says data centers would be built ‘2x faster’ without supply constraints
Nokia’s CEO said data centers could be built twice as fast without supply constraints. His remarks highlight continued demand for AI, even as some top executives debate slowing the pace of development.
Source: CNBC Markets
7. Nigerian Air Force helicopter carrying 32 people crashes
A Nigerian Air Force helicopter carrying 32 people has crashed. Officials have not yet released details on the location or casualties, and further information is still pending.
Source: 第一财经
8. AI researcher warns ‘we are racing to build and grow our own adversary’ in NYC hearing
At a New York City hearing, an AI researcher warned that we are racing to build and grow our own adversary. Leading AI labs are facing intensifying scrutiny over their safety and security practices.
Source: CNBC Markets
Filings & research
Company filings (CNINFO, titles in Chinese)