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8/4
22:39
The offering, expanded on Tuesday after the base offer was oversubscribed, marks the nation's largest secondary share sale conducted through a stock exchange platform and its second-largest equity fundraise, trailing only Reliance Industries' rights issue in 2020.
22:37
The original 50-50 joint venture, established in 1997, was set to expire next year. GM declined to provide financial details of the extension. GM China President John Roth stated the company is committed to strong performance in the China market and sees opportunities in select international markets including the Middle East, Africa, South America, Mexico, and Asia-Pacific.
22:23
In his latest research report on August 3rd, Ronald Keung, an analyst with the Goldman Sachs Asia Pacific Internet team, pointed out that the revenue realization speed of Chinese large model manufacturers has exceeded Wall Street's previous predictions. Meanwhile, a Jefferies research report shows that Chinese models have continuously dominated the top five in OpenRouter platform call volume for 14 weeks, with DeepSeek V4 Flash consuming 7.22 trillion tokens in a single week to top the global list. Goldman Sachs believes that Chinese large models are moving from a "cost-performance narrative" to a "revenue realization narrative" inflection point, primarily driven by the reshaping of token consumption patterns in Agent and coding scenarios.
22:01
In a research report published on August 4, Goldman Sachs pointed out that despite the recent significant correction in the stock prices of Samsung Electronics and SK Hynix, their valuations have fallen to extremely pessimistic levels, inconsistent with their fundamentals. Goldman Sachs believes that most of the market's eight core concerns about the South Korean memory industry (including HBM pricing outlook, long-term agreement structures, inventory status, Changxin impact, shareholder returns, etc.) are largely overblown, and the actual supply-demand landscape continues to support high memory prices. Goldman Sachs projects that the blended average selling price (ASP) of HBM for Samsung Electronics and SK Hynix will increase by approximately 87% and 100% year-over-year, respectively, by 2027, both approaching $2.9 per Gb, significantly exceeding market consensus. Furthermore, as market expectations for a long-term tight memory supply strengthen, long-term agreement (LTA) terms are shifting in favor of suppliers, characterized by longer durations, broader coverage, more favorable pricing structures, and stronger commitments such as prepayment mechanisms.
21:55
On August 5th, the A-share market opened lower and then rose, with the STAR Market 50 Index once surging over 4% during the session, and sectors such as semiconductor materials, semiconductor equipment, and semiconductor silicon wafers in the semiconductor industry chain collectively booming. The ChiNext Index once plunged over 3% at market open, then quickly narrowed its losses and turned positive. Meanwhile, the Hong Kong stocks market opened higher and then pulled back, with the Hang Seng Index and Hang Seng Tech Index both falling in the morning session, and internet stocks collectively declining.
21:46
Attovia Therapeutics Inc. is an early-stage drug developer focused on immune system disorders. Its initial public offering (IPO) priced at the top of its marketed range.
21:01
Asian technology stocks surged on Wednesday, tracking a strong overnight rally on Wall Street driven by robust corporate earnings and optimism surrounding artificial intelligence and growth stocks. South Korea's SK Hynix jumped 6.9%, while Samsung Electronics gained over 4%. Other Japanese chip-related companies like Tokyo Electron, Advantest, and Kioxia also saw notable increases. Analysts noted that the rally in U.S. semiconductor stocks reinforced a bullish outlook for Asian AI-related names, with SoftBank's majority-owned chip design subsidiary Arm Holdings also seeing gains on hopes for higher AI-related data center royalties.
21:00
The White House today marked the 236th anniversary of the United States Coast Guard, with the President issuing a message that lauded the force's role in national security and maritime defense. The President highlighted a $25 billion investment, secured through last year's Working Families Tax Cuts Act, aimed at rebuilding the Coast Guard's fleet. This investment is facilitating the deployment of 21 new cutters, 40 new search and rescue helicopters, and 17 state-of-the-art icebreakers. Additionally, the President noted a $2,000 "Devotion to Duty" payment issued to every Coast Guardsman last December and reported that recruiting numbers have reached their highest levels in a generation.
20:50
The S&P 500 recorded its 25th record close of the year, the first since June 2. The Nasdaq has rebounded nearly 10% from its low last week. The immediate catalysts for this rally include US Treasury Secretary Yellen's statement that a deal with Iran could be reached "today or tomorrow," which sent oil prices down about 6%, leading to a decline in inflation expectations and lower government bond yields. Additionally, the Magnificent Seven (Mag 7) tech giants surged nearly 10% in four days, with Amazon's market cap returning to $3 trillion and NVIDIA's market cap reclaiming $5 trillion, making a broad recovery in the tech sector the core driver of the index's breakthrough. Market sentiment quickly shifted from extreme pessimism to widespread buying, with short covering also contributing to the rally.
20:24
Japanese Government Bonds (JGBs) were mixed in early Tokyo trade, potentially tracking overnight price gains in U.S. Treasurys. JGB prices may also be buoyed by the ongoing decline in crude oil prices, which typically alleviates inflationary pressure in Japan and could reduce the urgency for the Bank of Japan to raise rates quickly. NAB senior economist Taylor Nugent noted that markets are looking for signs of progress towards a deal to reopen the Strait of Hormuz, which could impact oil prices.
20:21
Australia’s stock benchmark climbed to an intraday record on easing concerns over the US-Iran conflict and supportive signals in the domestic economy.
20:20
Schmid believes the current monetary policy stance is not restrictive, "given the strength of demand and investment," and that a tighter policy will be required to achieve the Fed's 2% inflation objective.

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