Just now, the price surged across the board! "Explosion at the U.S. Navy's Fifth Fleet Headquarters"! Trump: Will attack Iran's nuclear facilities soon! Houthis expand embargo
Good morning, let’s focus on the international market first. On the evening of the 21st, the three major U.S. stock indexes opened higher. The Dow Jones Industrial Average rose 0.36%, the S&P 500 rose 0.52%, and the Nasdaq rose 0.88%. The storage sector continues to rise, with Micron Technology, SK Hynix, SanDisk, Western Digital, and Seagate Technology all rising by more than 10%. As of the close, the Nasdaq was up 1.29%, the S&P 500 was up 0.89%, and the Dow was up 0.74%. The Philadelphia Semiconductor Index closed up 5.21%, its largest one-day gain since June 22.
Good morning, let’s focus on the international market first. On the evening of the 21st, the three major U.S. stock indexes opened higher. The Dow Jones Industrial Average rose 0.36%, the S&P 500 rose 0.52%, and the Nasdaq rose 0.88%. The storage sector continues to rise, with Micron Technology, SK Hynix, SanDisk, Western Digital, and Seagate Technology all rising by more than 10%. As of the close, the Nasdaq was up 1.29%, the S&P 500 was up 0.89%, and the Dow was up 0.74%. The Philadelphia Semiconductor Index closed up 5.21%, its largest one-day gain since June 22. The storage sector rebounded strongly, with SanDisk rising over 14% and SK Hynix rising over 13%. Livermore's leading index of Chinese concept stocks closed up 1.06%. Industry news shows that the three major storage giants, Samsung Electronics, SK Hynix and Micron, are all implementing the HBM4 yield improvement strategy. HBM4 is a sixth-generation high-bandwidth memory product that will be used in products such as Vera Rubin, an AI acceleration chip launched by NVIDIA in the second half of the year. Among the three companies, Samsung Electronics was the first to achieve mass production of HBM4. As the production line transitioned to the mass production stage, the yield rate increased at a very impressive rate. Some people believe that Samsung HBM4 yield rate has increased to about 70%. SK hynix has not yet disclosed the specific yield value of HBM4, but the industry generally believes that its yield rate has entered a stable range. In order to optimize the HBM4 process and expand production capacity, SK hynix plans to introduce new production equipment and is currently negotiating with multiple HBM equipment suppliers for equipment purchase orders in the second half of the year. Micron is smaller than the two Korean storage manufacturers in terms of production capacity. Because of this, Micron is making every effort to speed up yield improvement and expand production capacity. It is reported that Micron has initiated large-scale equipment investment to simultaneously promote yield improvement and production capacity ramp-up. In terms of commodities, WTI crude oil futures prices closed up 2.02%, and Brent crude oil futures prices closed up 2.01%. COMEX gold futures prices rose 1.69% to US$4,083.7 per ounce; COMEX silver futures prices rose 4.23% to US$59.065 per ounce. Trump says he will soon strike at Iran's Haoshan underground nuclear facility According to CCTV News, on the 21st local time, US President Trump stated that the United States will launch an attack on Iran's "Haoshan" underground nuclear facility south of Natanz "soon", and the attack will be "very violent." In addition, when Trump met with visiting Lebanese President Aoun at the White House on the 21st, he stated that the United States would take action if the Houthi armed forces in Yemen block the Red Sea. Iranian military: If the US attacks Iran's nuclear facilities, US interests in the Middle East will be retaliated against In the early morning of the 22nd local time, Iran's Hatam Anbia Central Command issued a statement stating that the United States has threatened to attack Iran's nuclear facilities and sensitive centers. Once the US military takes such action, Iran will regard it as an expansion of regional war, and all interests of the United States and its allies in the region will become targets of powerful strikes by the Iranian armed forces. Iranian media claims there was an explosion at the U.S. Navy’s Fifth Fleet headquarters Xinhua News Agency quoted Iran's Tasnim News Agency as reporting on the 21st that an explosion occurred at the U.S. Navy's Fifth Fleet headquarters in Bahrain. It was also reported that an alarm was sounded in Manama, the capital of Bahrain, and residents were asked to stay in shelters. Yemen's Houthi armed forces: Ships docked at Saudi ports may face military strikes Yemen's Houthi armed forces warned international shipping companies on the 20th that ships trading with Saudi ports may face military strikes, further expanding the scope of its previously announced maritime embargo against Saudi Arabia. On the evening of the 20th local time, the Yemeni Houthi Armed Forces’ Humanitarian Action Coordination Center in Sana’a sent an email to a number of shipping companies stating that the relevant restrictions not only apply to ships flying the Saudi flag, but also apply to ships loading and unloading cargo at Saudi ports. The notice urges shipping companies to take "due caution" when arranging voyage plans involving Saudi ports, warning that ships involved in related trade activities may "become targets" within the coverage of the Houthi armed forces' combat capabilities. Analysts: Increased willingness to enter the market On July 21, the three major A-share indexes rebounded strongly, and the technology growth sector exploded. The Science and Technology Innovation 50 Index rose by more than 10%, the Shenzhen Stock Exchange Component Index and the ChiNext Index rose by 4.81% and 7.05% respectively. The turnover of the two cities increased significantly to nearly 2.96 trillion yuan.
After several consecutive trading days of decline, many popular technology stocks have retraced more than 20% from their highs. "After many consecutive days of shrinking adjustments, the market has stopped falling and stabilized, and the liquidity crisis in the semiconductor sector triggered by South Korea's leveraged ETFs has also come to an end for the time being." Hua Xiang, an analyst at Yong'an Futures, said that from the perspective of subdivisions, funds are highly concentrated in the semiconductor industry chain and AI-related sectors, with many stocks rising by their daily limits; while traditional weight sectors such as oil and gas, banks, and coal have generally corrected due to factors such as falling oil prices and capital diversion. Overall, the surge in technology stocks has effectively boosted market confidence, and the increase in trading volume also shows that incremental funds are actively entering the market. On the news, South Korean President Lee Jae-myung spoke out about individual stock leveraged ETFs at a cabinet meeting on July 21, saying that related products have the disadvantages of exacerbating market volatility, and the government will take "bold and necessary" measures to deal with them. Li Zaiming admitted that market participants have criticized the policy flaws of leveraged investment products, and the government must introduce supplementary plans as soon as possible to stabilize market expectations. Looking forward to the market outlook, Hua Xiang believes: "From the perspective of the matching between valuation and performance, the overall expectations of the CSI 500 are not pessimistic. After the index hit the annual line yesterday, technical buying emerged and the willingness of funds to enter the market increased. Whether this round of rebound can be sustained depends on whether the market can start from the technology sector. Spread to blue-chip stocks. If the rotation can be effective, the market's upward trend is expected to continue; if funds are always concentrated on the technology track, the risk of correction will increase after the interim report ends. In the future, we need to focus on the performance of listed companies and whether the upward momentum of the external market will switch."
After several consecutive trading days of decline, many popular technology stocks have retraced more than 20% from their highs. "After many consecutive days of shrinking adjustments, the market has stopped falling and stabilized, and the liquidity crisis in the semiconductor sector triggered by South Korea's leveraged ETFs has also come to an end for the time being." Hua Xiang, an analyst at Yong'an Futures, said that from the perspective of subdivisions, funds are highly concentrated in the semiconductor industry chain and AI-related sectors, with many stocks rising by their daily limits; while traditional weight sectors such as oil and gas, banks, and coal have generally corrected due to factors such as falling oil prices and capital diversion. Overall, the surge in technology stocks has effectively boosted market confidence, and the increase in trading volume also shows that incremental funds are actively entering the market. On the news, South Korean President Lee Jae-myung spoke out about individual stock leveraged ETFs at a cabinet meeting on July 21, saying that related products have the disadvantages of exacerbating market volatility, and the government will take "bold and necessary" measures to deal with them. Li Zaiming admitted that market participants have criticized the policy flaws of leveraged investment products, and the government must introduce supplementary plans as soon as possible to stabilize market expectations. Looking forward to the market outlook, Hua Xiang believes: "From the perspective of the matching between valuation and performance, the overall expectations of the CSI 500 are not pessimistic. After the index hit the annual line yesterday, technical buying emerged and the willingness of funds to enter the market increased. Whether this round of rebound can be sustained depends on whether the market can start from the technology sector. Spread to blue-chip stocks. If the rotation can be effective, the market's upward trend is expected to continue; if funds are always concentrated on the technology track, the risk of correction will increase after the interim report ends. In the future, we need to focus on the performance of listed companies and whether the upward momentum of the external market will switch."