Morning News; Two major Federal Reserve hawks warned of inflation and supported moderate interest rate hikes; the World Artificial Intelligence Conference opened in Shanghai, and Kimi K 3 was released on the dark side of the moon
The two major hawks in the Federal Reserve warned of inflation and supported moderate interest rate increases; the World Artificial Intelligence Conference opened in Shanghai, and the Dark Side of the Moon released Kimi K3; Trump delivered a national speech at 9 o'clock this morning, and the Korean stock market was closed today.
Abstract: Two major hawks in the Federal Reserve warned of inflation and supported moderate interest rate increases; the World Artificial Intelligence Conference opened in Shanghai, and Dark Side of the Moon released Kimi K3; Trump delivered a national speech at 9 o'clock this morning, and the Korean stock market was closed today. U.S. stock market: The three major U.S. stock indexes closed down across the board on July 16. As of the close, the Dow Jones Industrial Average fell 105.67 points from the previous trading day to close at 52552.97 points, a decrease of 0.2%; the S&P 500 stock index fell 38.63 points to close at 7533.77 points, a decrease of 0.51%; the Nasdaq Composite Index fell 387.28 points to close at 25881.95 points, a decrease of 1.47%. Most large technology stocks fell. Google fell by more than 4%, SpaceX fell by more than 3%, and the closing price was lower than the IPO price for the first time. Nvidia and Meta fell by more than 2%, while Apple and Microsoft rose by more than 1%. Semiconductor and storage concept stocks continued to plummet. SK Hynix fell by more than 13%, SanDisk fell by more than 12%, Seagate Technology fell by 10%, Western Digital fell by more than 9%, Intel, Arm, AMD, Broadcom, and Micron Technology fell by more than 5%, and Qualcomm fell by more than 4%. The Nasdaq China Golden Dragon Index closed up 1.79%, with most popular stocks rising. iQiyi rose by more than 4%, Bilibili rose by nearly 4%, Xpeng Group rose by nearly 2%, and JD.com, Baidu, and Pinduoduo rose by more than 1%. European stock market: Europe's three major stock indexes had mixed gains and losses on July 16. The Financial Times 100-stock average price index of the London stock market closed at 10572.24 points, an increase of 56.32 points or 0.54% from the previous trading day; the CAC40 index of the Paris stock market in France closed at 83 77.86 points, down 4.57 points or 0.05% from the previous trading day; the DAX index of the Frankfurt stock market in Germany closed at 24915.49 points, down 84.04 points or 0.34% from the previous trading day. Commodity market: International oil prices fell on July 16. As of the close of the day, the continuous contract of WTI crude oil futures on the New York Mercantile Exchange fell by US$0.02 to close at US$79.58 per barrel, a decrease of 0.03%. The continuous contract of COMEX gold futures for the month fell by US$71.90, or 1.77%, to US$3,979.9 per ounce. The continuous contract of COMEX silver futures for the month fell by US$1.67, or 2.90%, to US$55.765 per ounce. Spot gold fell by US$83.80, or 2.06%, to US$3,976.58 per ounce. Spot silver fell $2.25, or 3.89%, to $55.53 per ounce. The two major hawks in the Federal Reserve issued another warning: Inflation is far from over and support moderate interest rate increases. Dallas Fed President Lorie Logan made clear in remarks at an event in Houston on Thursday that she supports a modest increase in interest rates. She said: "I currently believe that a modest increase in interest rates will better balance the prospects and risks of the Fed's dual mission of price stability and full employment." She also pointed out: "If inflation cannot fully fall back to 2% on its own, then at least some policy restrictions will be needed to help achieve this goal." Also on Thursday, Kansas Fed President Jeff Schmid also issued a hawkish signal at an economic forum in Nebraska. He said: "My main concern is inflation, which remains too high and has been above target for a long period of time. So when it comes to setting the right policy path, my focus remains on inflation." Fed Vice Chairman Jefferson said in a speech before publication that if the demand effects caused by artificial intelligence infrastructure construction and consumption appear before the productivity dividends brought by artificial intelligence, then artificial intelligence may put upward pressure on inflation. The "insider betting" scandal broke out in the White House! Teleprompter operator suspected of making more than $100,000 betting on Trump speech information
U.S. federal regulators are investigating a White House teleprompter operator, with the core question being whether he used non-public information related to Trump's speeches to make more than $100,000 in prediction market transactions. The operator, Gabriel Perez, is currently in settlement negotiations over civil charges filed by the U.S. Commodity Futures Trading Commission (CFTC), according to people familiar with the matter. On Thursday, White House press secretary Caroline Leavitt said Perez had been placed on unpaid administrative leave. She relayed Trump's attitude on the matter, saying that Trump thought it was "very regrettable and frankly a disgrace." Vance dismissed rumors that Trump's cronies were profiting from insider tips, saying it was complete nonsense. "I have never received such a message. If I had, I would say this: Kushner and Witkoff are trusted members of the president's team and very dear friends of mine." Trump will deliver a national speech focusing on the election and will discuss Iran US President Donald Trump has said that he plans to raise so-called "questions" about the US election in a prime-time national address at 9 pm ET on Thursday (9 am on Friday, Beijing time). This is far from the first time he's done this. Trump has claimed he was the victim of a "rigged" and "stolen" election since losing to the former president almost six years ago, and has made similar accusations about recent elections lost by Republicans. Trump's decision to put his electoral claims in the spotlight coincides with a multifaceted effort by the president and his allies to reshape U.S. elections ahead of November's midterm elections. Polls show Democrats are expected to retake the U.S. House of Representatives as Trump's popularity declines. The White House said the Iranian issue will be discussed during the speech. Iranian drone attacks US military base in Bahrain In the early morning of July 17, local time, the Iranian Army announced the implementation of the 11th phase of "Operation Lightning", using "Alash" suicide drones to launch attacks on the U.S. Sheikh Issa Air Base in Bahrain, targeting areas where U.S. helicopters and P-8 reconnaissance aircraft are deployed. Iran said the move was retaliation for recent U.S. attacks on Iranian urban infrastructure, causing civilian casualties. Meanwhile, Kuwait's military said its air defense systems were responding to missile and drone threats. The situation in the Middle East continues to escalate, the risk of oil supply in the Strait of Hormuz intensifies, oil prices are under pressure to rise in the short term, safe-haven assets gold and the US dollar are strengthening, and the spillover effects of regional conflicts are being transmitted to the global financial market. Kimi releases K3, the world's largest open source model As the 2026 World Artificial Intelligence Conference and the High-Level Conference on Artificial Intelligence Global Governance are about to be held, the new generation model Kimi K3 was released on the 16th. With a parameter scale of 2.8 trillion, it is currently the open source model with the largest parameters in the world. According to Beijing Dark Side of the Moon Technology Co., Ltd., which released the model, Kimi K3 natively supports visual understanding, has a context window of 1 million words, and is optimized for complex task scenarios such as software engineering, knowledge work, in-depth research, and multi-modal understanding, further improving the processing capabilities of complex tasks with large models. SpaceX canceled a major test flight mission of the "Starship" rocket, and the stock price plunged more than 4% after the market closed. SpaceX (SPCX.US) canceled its first Starship rocket test flight after canceling its IPO. Musk posted on social platforms: "Some engines failed to start, triggering the automatic launch abort procedure. Propellant unloading is now underway." Musk said the next launch attempt is expected to take place within a few days. Google Gemini model release rumors sparked concerns, stock price fell more than 4%
According to media reports, Google-C (GOOG.US) has been months behind schedule in launching its most powerful flagship artificial intelligence model, Gemini 3.5 Pro, as technical performance fell short of targets, triggering market concerns about its AI competitiveness. Affected by this news, Google A fell 4.4%. According to people familiar with the matter, the delay of Gemini 3.5 Pro is mainly due to Google’s desire to invest more time in improving the model’s capabilities, especially in terms of code programming capabilities. According to reports, this progress is less than expected and has frustrated Google engineers, artificial intelligence researchers and management. Many people are worried that as competitors Anthropic and OpenAI launch models with performance exceeding Gemini, Google may face the risk of weakening its market position. Netflix expects third-quarter revenue growth to hit a three-year low, and its stock price fell more than 8% after hours Video streaming giant Netflix (NFLX.US) announced its latest quarterly earnings after the market closed on Thursday Eastern Time. The company's second-quarter revenue and profit were basically in line with Wall Street analysts' expectations, but revenue and profit growth are expected to slow in the third quarter, further exacerbating investors' concerns that the company's growth has peaked. Affected by this, Netflix's stock price fell more than 8% in after-hours trading. The company expects third-quarter revenue to grow 11.7% year-over-year, which would be the lowest year-over-year growth in any quarter since late 2023. The financial report shows that Netflix’s second-quarter revenue reached US$12.56 billion, a year-on-year increase of more than 13%; net profit increased by nearly 9% year-on-year to US$3.4 billion. The overall performance was basically in line with analysts' expectations. Hanmi Semiconductor plans to build a new factory in South Korea Korean media cited an interview with Kwak Dong Shin, chairman of Hanmi Semiconductor. In view of the expected supply shortage of AI semiconductor equipment from next year, Hanmi Semiconductor is considering investing in the construction of an eighth production plant, which will become the company's largest factory upon completion. Guo Dongxin predicts that demand for semiconductor equipment will exceed supply starting next year. The planned eighth factory is located adjacent to the seventh factory under construction in Incheon. Hanmi Semiconductor said that as global chip manufacturers expand investment, the market demand for the company's hot press bonding machines and hybrid bonding machines will grow rapidly. The company plans to establish a Korean and American subsidiary in San Jose, California, by the end of 2026 to strengthen technical support services. Apple's OLED version of iPad mini could be released as early as this fall, and the entry-level model and Air will be updated next year According to Bloomberg citing people familiar with the matter, Apple's (AAPL.US) new iPad mini will be equipped with an OLED screen for the first time. Apple will release the device as soon as this fall and plans to officially go on sale around October. This will be the first time the iPad mini has received major appearance and screen technology updates since its redesign in 2021. The above product upgrades are expected to further consolidate the recovery of the iPad business. Apple's iPad sales have exceeded Wall Street expectations for two consecutive fiscal quarters, and are expected to grow 6% year-on-year this fiscal year to nearly $30 billion, making it one of Apple's most commercially valuable product lines. Microsoft is preparing an AI vulnerability detection tool similar to Mythos According to The Information, Microsoft (MSFT.US) is preparing a Mythos-like AI vulnerability detection tool. This new product will rely on multiple sets of AI models to automatically detect software vulnerabilities and complete the repair of corresponding security flaws. Truth Social launches real-time information service to provide Wall Street traders with market opportunities
The company that operates the social media platform Trump Media Technology Group (DJT.US) Truth Social announced on Thursday local time that it will launch a data service for paying users to provide customers who follow market dynamics with "the fastest authorized access" to real-time posts posted by US President Trump and other leading accounts. When DJT announced the service, called "Truth API," it did not directly mention the president himself in a press release. But the company hinted that there may be demand for such services from Wall Street institutions. A company spokesperson also said that the service will push content posted by the 10 most influential accounts on the Truth Social platform to customers, and the speed will be significantly faster than the push notifications ordinary users receive on the Truth Social platform. "Previously... information agencies that focused on tracking influential Truth posts relied primarily on manual monitoring. The Truth API will bridge this information gap." Southbound Fund Tracking｜Net purchases of more than HK$5 billion continue to increase positions in Alibaba and Zhipu and flow out of Xiaomi Group Data shows that the transaction volume of southbound funds yesterday was approximately HK$139.607 billion, which continued to increase by approximately HK$5.4 billion compared with the previous day; accounting for approximately 43.24% of the total transaction volume of the Hang Seng Index, accounting for more than 40%. Hong Kong stocks continued to rise yesterday, with the Hang Seng Index successfully reaching the 25,000-point mark. Southbound funds’ net purchases were approximately HK$5.039 billion. Among them, the net inflow of Shanghai-Hong Kong Stock Connect was approximately HK$2.002 billion, while the net inflow of Shenzhen-Hong Kong Stock Connect was approximately HK$3.038 billion. In terms of trend, southbound funds experienced net outflows on only one day in the past 10 trading days, with a total of HK$82.032 billion bought during the period. In terms of individual stocks, exchange data showed that southbound funds yesterday Substantial net purchases: Alibaba-W (09988.HK) HK$2.833 billion; Zhipu (02513.HK) HK$1.790 billion; Tencent Holdings (00700.HK) HK$1.179 billion; Kuaishou-W (01024.HK) HK$650 million. Significant net outflows: Xiaomi Group-W (01810.HK) 1.372 billion Hong Kong dollars; Kingboard Laminated Board (01888.HK) 1.173 billion Hong Kong dollars; Montage Technology (06809.HK) 145 million Hong Kong dollars. Alibaba-W rose 3.09% yesterday, with funds adding 66.51 million shares in the first five days, and continued to flow back in the short term. Zhipu fell 9.31% yesterday, with funds adding 9.59 million shares in the first five days, and short-term inflows continued to accelerate. Tencent Holdings rose 2.11% yesterday. Funds reduced their holdings by 4.48 million shares in the past five days. Short-term outflows are still the main trend. Kuaishou-W rose 4.97% yesterday, with funds adding 16.7 million shares in the first five days, maintaining accelerated inflows in the short term. Xiaomi Group-W rose 6.34% yesterday. Funds reduced their holdings by 7.97 million shares in the past five days, but outflows have slowed down. Kingboard Laminated Board fell 13.19% yesterday. Funds reduced their holdings by 67.22 million shares in the past five days, and outflows are still accelerating. Montage Technology fell 22.95% yesterday. Funds added 1.2 million shares in the first 5 days, and short-term inflows are still the main force. Note: Due to the T+2 settlement of the Hong Kong Stock Exchange, the actual positions are the data of the last 5 trading days as of two trading days ago. Baidu Group (09888): Seeking voluntary conversion to dual primary listing on the Main Board of the Hong Kong Stock Exchange. CITIC Limited (00267): The mid-term net profit is expected to increase by no less than 6% year-on-year, which was 31.228 billion yuan in the same period last year. Montage Technology (06809): It is expected to achieve operating income of approximately 3.335 billion yuan in the first half of the year, a year-on-year increase of approximately 26.6%, and net profit attributable to shareholders of listed companies of 1.9 billion to 2.1 billion yuan, a year-on-year increase of 63.9% to 81.2%. The company's Korean office was searched on-site by the Seoul Central District Prosecutor's Office regarding antitrust regulations. Connoya (02162): It is expected to make a profit of no less than RMB 1.2 billion in the first half of 2026, compared with a loss of approximately RMB 79 million in the same period last year. China Power (02380): It plans to sell 24.8726% of Qiyuan Core Power's shares at a base price of RMB 2.556 billion.
Ingdan Innovation (00400): Its strategy has been upgraded from an artificial intelligence hardware distributor to a vertical AI Token factory operator, and it has signed intended service orders totaling more than US$1 billion. Jiangxi Copper: It plans to spin off its subsidiary Jiangxi Jiangxi Copper Foil Technology Co., Ltd. and list it on the main board of the Hong Kong Stock Exchange. (
U.S. federal regulators are investigating a White House teleprompter operator, with the core question being whether he used non-public information related to Trump's speeches to make more than $100,000 in prediction market transactions. The operator, Gabriel Perez, is currently in settlement negotiations over civil charges filed by the U.S. Commodity Futures Trading Commission (CFTC), according to people familiar with the matter. On Thursday, White House press secretary Caroline Leavitt said Perez had been placed on unpaid administrative leave. She relayed Trump's attitude on the matter, saying that Trump thought it was "very regrettable and frankly a disgrace." Vance dismissed rumors that Trump's cronies were profiting from insider tips, saying it was complete nonsense. "I have never received such a message. If I had, I would say this: Kushner and Witkoff are trusted members of the president's team and very dear friends of mine." Trump will deliver a national speech focusing on the election and will discuss Iran US President Donald Trump has said that he plans to raise so-called "questions" about the US election in a prime-time national address at 9 pm ET on Thursday (9 am on Friday, Beijing time). This is far from the first time he's done this. Trump has claimed he was the victim of a "rigged" and "stolen" election since losing to the former president almost six years ago, and has made similar accusations about recent elections lost by Republicans. Trump's decision to put his electoral claims in the spotlight coincides with a multifaceted effort by the president and his allies to reshape U.S. elections ahead of November's midterm elections. Polls show Democrats are expected to retake the U.S. House of Representatives as Trump's popularity declines. The White House said the Iranian issue will be discussed during the speech. Iranian drone attacks US military base in Bahrain In the early morning of July 17, local time, the Iranian Army announced the implementation of the 11th phase of "Operation Lightning", using "Alash" suicide drones to launch attacks on the U.S. Sheikh Issa Air Base in Bahrain, targeting areas where U.S. helicopters and P-8 reconnaissance aircraft are deployed. Iran said the move was retaliation for recent U.S. attacks on Iranian urban infrastructure, causing civilian casualties. Meanwhile, Kuwait's military said its air defense systems were responding to missile and drone threats. The situation in the Middle East continues to escalate, the risk of oil supply in the Strait of Hormuz intensifies, oil prices are under pressure to rise in the short term, safe-haven assets gold and the US dollar are strengthening, and the spillover effects of regional conflicts are being transmitted to the global financial market. Kimi releases K3, the world's largest open source model As the 2026 World Artificial Intelligence Conference and the High-Level Conference on Artificial Intelligence Global Governance are about to be held, the new generation model Kimi K3 was released on the 16th. With a parameter scale of 2.8 trillion, it is currently the open source model with the largest parameters in the world. According to Beijing Dark Side of the Moon Technology Co., Ltd., which released the model, Kimi K3 natively supports visual understanding, has a context window of 1 million words, and is optimized for complex task scenarios such as software engineering, knowledge work, in-depth research, and multi-modal understanding, further improving the processing capabilities of complex tasks with large models. SpaceX canceled a major test flight mission of the "Starship" rocket, and the stock price plunged more than 4% after the market closed. SpaceX (SPCX.US) canceled its first Starship rocket test flight after canceling its IPO. Musk posted on social platforms: "Some engines failed to start, triggering the automatic launch abort procedure. Propellant unloading is now underway." Musk said the next launch attempt is expected to take place within a few days. Google Gemini model release rumors sparked concerns, stock price fell more than 4%
According to media reports, Google-C (GOOG.US) has been months behind schedule in launching its most powerful flagship artificial intelligence model, Gemini 3.5 Pro, as technical performance fell short of targets, triggering market concerns about its AI competitiveness. Affected by this news, Google A fell 4.4%. According to people familiar with the matter, the delay of Gemini 3.5 Pro is mainly due to Google’s desire to invest more time in improving the model’s capabilities, especially in terms of code programming capabilities. According to reports, this progress is less than expected and has frustrated Google engineers, artificial intelligence researchers and management. Many people are worried that as competitors Anthropic and OpenAI launch models with performance exceeding Gemini, Google may face the risk of weakening its market position. Netflix expects third-quarter revenue growth to hit a three-year low, and its stock price fell more than 8% after hours Video streaming giant Netflix (NFLX.US) announced its latest quarterly earnings after the market closed on Thursday Eastern Time. The company's second-quarter revenue and profit were basically in line with Wall Street analysts' expectations, but revenue and profit growth are expected to slow in the third quarter, further exacerbating investors' concerns that the company's growth has peaked. Affected by this, Netflix's stock price fell more than 8% in after-hours trading. The company expects third-quarter revenue to grow 11.7% year-over-year, which would be the lowest year-over-year growth in any quarter since late 2023. The financial report shows that Netflix’s second-quarter revenue reached US$12.56 billion, a year-on-year increase of more than 13%; net profit increased by nearly 9% year-on-year to US$3.4 billion. The overall performance was basically in line with analysts' expectations. Hanmi Semiconductor plans to build a new factory in South Korea Korean media cited an interview with Kwak Dong Shin, chairman of Hanmi Semiconductor. In view of the expected supply shortage of AI semiconductor equipment from next year, Hanmi Semiconductor is considering investing in the construction of an eighth production plant, which will become the company's largest factory upon completion. Guo Dongxin predicts that demand for semiconductor equipment will exceed supply starting next year. The planned eighth factory is located adjacent to the seventh factory under construction in Incheon. Hanmi Semiconductor said that as global chip manufacturers expand investment, the market demand for the company's hot press bonding machines and hybrid bonding machines will grow rapidly. The company plans to establish a Korean and American subsidiary in San Jose, California, by the end of 2026 to strengthen technical support services. Apple's OLED version of iPad mini could be released as early as this fall, and the entry-level model and Air will be updated next year According to Bloomberg citing people familiar with the matter, Apple's (AAPL.US) new iPad mini will be equipped with an OLED screen for the first time. Apple will release the device as soon as this fall and plans to officially go on sale around October. This will be the first time the iPad mini has received major appearance and screen technology updates since its redesign in 2021. The above product upgrades are expected to further consolidate the recovery of the iPad business. Apple's iPad sales have exceeded Wall Street expectations for two consecutive fiscal quarters, and are expected to grow 6% year-on-year this fiscal year to nearly $30 billion, making it one of Apple's most commercially valuable product lines. Microsoft is preparing an AI vulnerability detection tool similar to Mythos According to The Information, Microsoft (MSFT.US) is preparing a Mythos-like AI vulnerability detection tool. This new product will rely on multiple sets of AI models to automatically detect software vulnerabilities and complete the repair of corresponding security flaws. Truth Social launches real-time information service to provide Wall Street traders with market opportunities
The company that operates the social media platform Trump Media Technology Group (DJT.US) Truth Social announced on Thursday local time that it will launch a data service for paying users to provide customers who follow market dynamics with "the fastest authorized access" to real-time posts posted by US President Trump and other leading accounts. When DJT announced the service, called "Truth API," it did not directly mention the president himself in a press release. But the company hinted that there may be demand for such services from Wall Street institutions. A company spokesperson also said that the service will push content posted by the 10 most influential accounts on the Truth Social platform to customers, and the speed will be significantly faster than the push notifications ordinary users receive on the Truth Social platform. "Previously... information agencies that focused on tracking influential Truth posts relied primarily on manual monitoring. The Truth API will bridge this information gap." Southbound Fund Tracking｜Net purchases of more than HK$5 billion continue to increase positions in Alibaba and Zhipu and flow out of Xiaomi Group Data shows that the transaction volume of southbound funds yesterday was approximately HK$139.607 billion, which continued to increase by approximately HK$5.4 billion compared with the previous day; accounting for approximately 43.24% of the total transaction volume of the Hang Seng Index, accounting for more than 40%. Hong Kong stocks continued to rise yesterday, with the Hang Seng Index successfully reaching the 25,000-point mark. Southbound funds’ net purchases were approximately HK$5.039 billion. Among them, the net inflow of Shanghai-Hong Kong Stock Connect was approximately HK$2.002 billion, while the net inflow of Shenzhen-Hong Kong Stock Connect was approximately HK$3.038 billion. In terms of trend, southbound funds experienced net outflows on only one day in the past 10 trading days, with a total of HK$82.032 billion bought during the period. In terms of individual stocks, exchange data showed that southbound funds yesterday Substantial net purchases: Alibaba-W (09988.HK) HK$2.833 billion; Zhipu (02513.HK) HK$1.790 billion; Tencent Holdings (00700.HK) HK$1.179 billion; Kuaishou-W (01024.HK) HK$650 million. Significant net outflows: Xiaomi Group-W (01810.HK) 1.372 billion Hong Kong dollars; Kingboard Laminated Board (01888.HK) 1.173 billion Hong Kong dollars; Montage Technology (06809.HK) 145 million Hong Kong dollars. Alibaba-W rose 3.09% yesterday, with funds adding 66.51 million shares in the first five days, and continued to flow back in the short term. Zhipu fell 9.31% yesterday, with funds adding 9.59 million shares in the first five days, and short-term inflows continued to accelerate. Tencent Holdings rose 2.11% yesterday. Funds reduced their holdings by 4.48 million shares in the past five days. Short-term outflows are still the main trend. Kuaishou-W rose 4.97% yesterday, with funds adding 16.7 million shares in the first five days, maintaining accelerated inflows in the short term. Xiaomi Group-W rose 6.34% yesterday. Funds reduced their holdings by 7.97 million shares in the past five days, but outflows have slowed down. Kingboard Laminated Board fell 13.19% yesterday. Funds reduced their holdings by 67.22 million shares in the past five days, and outflows are still accelerating. Montage Technology fell 22.95% yesterday. Funds added 1.2 million shares in the first 5 days, and short-term inflows are still the main force. Note: Due to the T+2 settlement of the Hong Kong Stock Exchange, the actual positions are the data of the last 5 trading days as of two trading days ago. Baidu Group (09888): Seeking voluntary conversion to dual primary listing on the Main Board of the Hong Kong Stock Exchange. CITIC Limited (00267): The mid-term net profit is expected to increase by no less than 6% year-on-year, which was 31.228 billion yuan in the same period last year. Montage Technology (06809): It is expected to achieve operating income of approximately 3.335 billion yuan in the first half of the year, a year-on-year increase of approximately 26.6%, and net profit attributable to shareholders of listed companies of 1.9 billion to 2.1 billion yuan, a year-on-year increase of 63.9% to 81.2%. The company's Korean office was searched on-site by the Seoul Central District Prosecutor's Office regarding antitrust regulations. Connoya (02162): It is expected to make a profit of no less than RMB 1.2 billion in the first half of 2026, compared with a loss of approximately RMB 79 million in the same period last year. China Power (02380): It plans to sell 24.8726% of Qiyuan Core Power's shares at a base price of RMB 2.556 billion.
Ingdan Innovation (00400): Its strategy has been upgraded from an artificial intelligence hardware distributor to a vertical AI Token factory operator, and it has signed intended service orders totaling more than US$1 billion. Jiangxi Copper: It plans to spin off its subsidiary Jiangxi Jiangxi Copper Foil Technology Co., Ltd. and list it on the main board of the Hong Kong Stock Exchange. (