【HEADLINES】
1. U.S. stocks fell Monday (28th), weighed down by rising U.S. Treasury yields, higher oil prices, and growing inflation concerns. Investors also monitored developments in U.S.-Iran tensions and awaited a series of inflation and employment data due this week to assess the Fed's future interest rate path. The Dow一度 fell over 400 points during the session, while the S&P 500 declined nearly 1%. The Dow closed down 347.11 points, or 0.67%, at 51,481.51; the S&P 500 dropped 59.72 points, or 0.77%, to 7,683.69; and the Nasdaq declined 248.34 points, or 0.92%, to 26,820.38.
2. Iranian officials are reportedly pessimistic about reaching an agreement with Washington before the U.S. midterm elections, believing the likelihood of escalating conflict after the elections is high.
3. U.S. Treasuries were broadly under pressure on Monday (28th), with yields rising as markets further bet on future Fed rate hikes. The 10-year U.S. Treasury yield continued to climb, briefly touching 5.233%, a new high since June 2007. The 5-year Treasury yield rose around 5 to 7 basis points during the day, reaching levels of approximately 5.04% to 5.06%.
4. Fed Governor Cook stated that productivity gains from AI in the future may not be sufficient to offset short-term inflation pressures, and the labor market appears capable of withstanding further rate hikes.
5. Saudi Arabia's key east-west oil pipeline is reportedly repaired and has restored half of its capacity, with crude oil flow via the pipeline reaching about 3.5 million barrels per day.
6. U.S. President Trump will meet with House Speaker Johnson at the White House on Tuesday (29th) alongside senior executives from the artificial intelligence industry. According to Semafor, Meta (US.META) is among the invited companies, along with Dario Amodei, CEO of Anthropic, and top executives from Nvidia (US.NVDA) and OpenAI.
7. Nvidia's board approved an additional $150 billion authorization under its existing share buyback program, increasing the remaining buyback capacity to $235 billion. The company expects to complete execution by the end of fiscal 2028. Nvidia (US.NVDA) shares rose as much as 3.6% in early U.S. trading on Monday (28th), marking the largest intraday gain since September 2nd.
8. SpaceX's (US.SPCX) 'Starship' lifted off Monday (28th) from the Starbase facility in Texas, commencing its 14th integrated flight test. This mission marks the first attempt to reach Earth orbit and carries 26 next-generation Starlink V3 satellites, signifying Starship's transition from previous suborbital tests to actual orbital missions.
9. Chinese Premier Li Qiang chaired a State Council executive meeting, calling for research and introduction of policies to stabilize the real estate market and promote employment and income growth, intensifying counter-cyclical macroeconomic regulation to achieve full-year economic targets.
10. China is reportedly tightening overseas travel restrictions for top AI talent, requiring official approval in advance even for short-term departures by immediate family members, including spouses and children.
11. China's SASAC stated that central enterprises' '15th Five-Year' plan aims to increase the share of strategic emerging industries by another 5 percentage points by 2030.
【STOCK HIGHLIGHTS】
Interest-sensitive stocks: Sun Hung Kai Properties (00016), Henderson Land (00012), Zijin Mining (02899), Longfor Group (00960)
- Fed Governor Cook stated the labor market can withstand further rate hikes.
Three major oil firms: PetroChina (00857), CNOOC (00883), Sinopec (00386)
- Saudi Arabia's key east-west oil pipeline reportedly repaired and half capacity restored
- Tehran expects high likelihood of escalating conflict after U.S. midterm elections
Mainland property stocks: Longfor (00960), China Overseas (00688), R&F Properties (01009)
- Premier Li Qiang chaired a State Council meeting, calling for policies to stabilize the property market and boost employment and income
AI large model stocks: MiniMax (00100), Zhipu (02513), Alibaba (09988)
- China reportedly tightens overseas travel restrictions for top AI talent
SHEIN (00625)
- First half-year report shows net revenue up only 1%, operating profit down over 50% year-on-year
GAC Group (02238)
- Plans to issue new A-shares to acquire 50% stake in FAW-Toyota, price undetermined; A-shares resume trading this morning
Kuaishou (01024)
- Its AI subsidiary KLING launches new video generation model KLING 4.0
InnoLight Technology (03308)
- 2.6 million shares of controlling shareholder InnoLight Holding released from pledge, no shares currently pledged
Haier Smart Home (06690)
- Spent RMB 290 million this month to repurchase 13.89 million A-shares, total repurchases reaching nearly RMB 2.3 billion
Nobikang (02635)
- Plans to raise about RMB 130 million via share issuance at 13.6% discount to expand AI business
Tongcheng New Materials (09607)
- Oversubscribed over 2 times, full allocation for single-lot applicants, dark pool down nearly 17%, losing RMB 738 per lot
Benmover Technology (06731)
- Oversubscribed over 207 times, 60% allocation for single-lot applicants, dark pool up over 3%
Kinpo Electronics (03228)
- Oversubscribed over 93 times, 3% allocation for single-lot applicants, dark pool down over 6%
RoboTech (03757)
- Oversubscribed over 7 times, 35% allocation for single-lot applicants, dark pool down nearly 2%
【OIL & GOLD QUOTES】
NYMEX crude oil up 0.96%, at $93.49/barrel
Brent crude oil up 0.32%, at $98.88/barrel
Spot gold up 0.15%, at $4,121.07/ounce
Gold futures down 0.38%, at $4,152.47/ounce
1. U.S. stocks fell Monday (28th), weighed down by rising U.S. Treasury yields, higher oil prices, and growing inflation concerns. Investors also monitored developments in U.S.-Iran tensions and awaited a series of inflation and employment data due this week to assess the Fed's future interest rate path. The Dow一度 fell over 400 points during the session, while the S&P 500 declined nearly 1%. The Dow closed down 347.11 points, or 0.67%, at 51,481.51; the S&P 500 dropped 59.72 points, or 0.77%, to 7,683.69; and the Nasdaq declined 248.34 points, or 0.92%, to 26,820.38.
2. Iranian officials are reportedly pessimistic about reaching an agreement with Washington before the U.S. midterm elections, believing the likelihood of escalating conflict after the elections is high.
3. U.S. Treasuries were broadly under pressure on Monday (28th), with yields rising as markets further bet on future Fed rate hikes. The 10-year U.S. Treasury yield continued to climb, briefly touching 5.233%, a new high since June 2007. The 5-year Treasury yield rose around 5 to 7 basis points during the day, reaching levels of approximately 5.04% to 5.06%.
4. Fed Governor Cook stated that productivity gains from AI in the future may not be sufficient to offset short-term inflation pressures, and the labor market appears capable of withstanding further rate hikes.
5. Saudi Arabia's key east-west oil pipeline is reportedly repaired and has restored half of its capacity, with crude oil flow via the pipeline reaching about 3.5 million barrels per day.
6. U.S. President Trump will meet with House Speaker Johnson at the White House on Tuesday (29th) alongside senior executives from the artificial intelligence industry. According to Semafor, Meta (US.META) is among the invited companies, along with Dario Amodei, CEO of Anthropic, and top executives from Nvidia (US.NVDA) and OpenAI.
7. Nvidia's board approved an additional $150 billion authorization under its existing share buyback program, increasing the remaining buyback capacity to $235 billion. The company expects to complete execution by the end of fiscal 2028. Nvidia (US.NVDA) shares rose as much as 3.6% in early U.S. trading on Monday (28th), marking the largest intraday gain since September 2nd.
8. SpaceX's (US.SPCX) 'Starship' lifted off Monday (28th) from the Starbase facility in Texas, commencing its 14th integrated flight test. This mission marks the first attempt to reach Earth orbit and carries 26 next-generation Starlink V3 satellites, signifying Starship's transition from previous suborbital tests to actual orbital missions.
9. Chinese Premier Li Qiang chaired a State Council executive meeting, calling for research and introduction of policies to stabilize the real estate market and promote employment and income growth, intensifying counter-cyclical macroeconomic regulation to achieve full-year economic targets.
10. China is reportedly tightening overseas travel restrictions for top AI talent, requiring official approval in advance even for short-term departures by immediate family members, including spouses and children.
11. China's SASAC stated that central enterprises' '15th Five-Year' plan aims to increase the share of strategic emerging industries by another 5 percentage points by 2030.
【STOCK HIGHLIGHTS】
Interest-sensitive stocks: Sun Hung Kai Properties (00016), Henderson Land (00012), Zijin Mining (02899), Longfor Group (00960)
- Fed Governor Cook stated the labor market can withstand further rate hikes.
Three major oil firms: PetroChina (00857), CNOOC (00883), Sinopec (00386)
- Saudi Arabia's key east-west oil pipeline reportedly repaired and half capacity restored
- Tehran expects high likelihood of escalating conflict after U.S. midterm elections
Mainland property stocks: Longfor (00960), China Overseas (00688), R&F Properties (01009)
- Premier Li Qiang chaired a State Council meeting, calling for policies to stabilize the property market and boost employment and income
AI large model stocks: MiniMax (00100), Zhipu (02513), Alibaba (09988)
- China reportedly tightens overseas travel restrictions for top AI talent
SHEIN (00625)
- First half-year report shows net revenue up only 1%, operating profit down over 50% year-on-year
GAC Group (02238)
- Plans to issue new A-shares to acquire 50% stake in FAW-Toyota, price undetermined; A-shares resume trading this morning
Kuaishou (01024)
- Its AI subsidiary KLING launches new video generation model KLING 4.0
InnoLight Technology (03308)
- 2.6 million shares of controlling shareholder InnoLight Holding released from pledge, no shares currently pledged
Haier Smart Home (06690)
- Spent RMB 290 million this month to repurchase 13.89 million A-shares, total repurchases reaching nearly RMB 2.3 billion
Nobikang (02635)
- Plans to raise about RMB 130 million via share issuance at 13.6% discount to expand AI business
Tongcheng New Materials (09607)
- Oversubscribed over 2 times, full allocation for single-lot applicants, dark pool down nearly 17%, losing RMB 738 per lot
Benmover Technology (06731)
- Oversubscribed over 207 times, 60% allocation for single-lot applicants, dark pool up over 3%
Kinpo Electronics (03228)
- Oversubscribed over 93 times, 3% allocation for single-lot applicants, dark pool down over 6%
RoboTech (03757)
- Oversubscribed over 7 times, 35% allocation for single-lot applicants, dark pool down nearly 2%
【OIL & GOLD QUOTES】
NYMEX crude oil up 0.96%, at $93.49/barrel
Brent crude oil up 0.32%, at $98.88/barrel
Spot gold up 0.15%, at $4,121.07/ounce
Gold futures down 0.38%, at $4,152.47/ounce
