Nominal 
【Top News】
1. U.S. stocks closed lower on Monday (17th), as investors remained optimistic about AI-driven chip stocks while growing cautious over escalating tensions between the U.S. and Iran pushing up oil prices and inflation risks. The Dow Jones fell 272.63 points, or 0.51%, closing at 53,459.78; the S&P 500 dropped 40.7 points, or 0.52%, ending at 7,745.06; the Nasdaq declined 84.25 points, or 0.32%, closing at 26,644.91. Tech stocks showed mixed performance, with AI and memory-related stocks outperforming the market. SanDisk (US.SNDK) surged 8.9%, Micron Technology (US.MU) rose 4.1%, and SK Hynix (US.SKHY) ADR climbed 3%. The Nikkei opened at 68,919, down 301 points.
2. It is reported that President Xi Jinping will skip the UN General Assembly starting on September 22 and travel to Washington to meet with Trump on September 24, departing the U.S. on the 25th. The White House confirmed Xi's visit on the 24th but declined to comment on other parts of his itinerary.
3. Trump rejected extending the temporary U.S.-Iran ceasefire agreement and reiterated his idea of declaring the Strait of Hormuz as U.S. territory. Reports suggest Trump is in no rush to end the war and has threatened to bomb Oman if it interferes with U.S. operations. With no progress in U.S.-Iran negotiations, Brent crude futures rose back above $90.
4. U.S. Treasury data shows foreign investors sold U.S. Treasuries in June, with Japan and China leading the sell-off. The yield on 30-year U.S. bonds surpassed 5.3%, nearing a two-decade high.
5. U.S.-Canada trade talks face hurdles, with auto tariffs reportedly the main sticking point. Canada wants auto tariffs reduced to 10%, while the U.S. insists on a minimum rate of 15%.
6. China released its five-year plan for oil and gas development, aiming to increase domestic oil and gas supply to 440 million tons of oil equivalent by 2030.
7. AI firm Anthropic's annualized revenue is reportedly on track to exceed $65 billion, more than sixfold growth from the end of last year.
8. NVIDIA (US.NVDA) agreed to invest up to $105 billion to support a new large-scale data center campus in Ohio, which will be leased by OpenAI in the future.
9. Chinese fast-fashion cross-border e-commerce Shein is said to have further lowered its target valuation for its Hong Kong IPO to no more than $27 billion, slightly above a quarter of its historical peak, with plans to list around the end of this month.
10. Unitree Technology (SSE: 688836) will list on the Shanghai STAR Market on August 19, with its retail IPO portion receiving over 5,500 times subscription demand.
11. Alibaba (09988) launched the test version of its AI music model Happy Xiami, capable of generating a fully produced song from a single text prompt, requiring no professional music knowledge from users.
【Stock Highlights】
Baidu Group (09888), Xiaomi Group (01810), Zhaoyi Innovation (03986)
- Second-quarter results to be announced today
Domestic demand sector: Mengniu (02319), Budweiser APAC (01876), China Resources Beer (00291)
- Chinese Premier Li Qiang urges efforts to achieve full-year economic and social development goals, emphasizing expanding domestic demand as a strategic priority
Oil & gas stocks: PetroChina (00857), CNOOC (00883), Sinopec (00386)
- China releases five-year oil and gas development plan, targeting 440 million tons of oil equivalent domestic supply by 2030
- Middle East tensions escalate again, Brent crude above $90
Innovative drug sector: CSPC Pharmaceutical Group (01093), Hansoh Pharmaceutical (03692), Innovent Biologics (01801)
- According to CCTV Finance, 38 global first-in-class innovative drugs were approved in China in the first half of the year, with total overseas licensing deals reaching about $110 billion, a record high for the same period
Property stocks: New World Development (00017), Henderson Land (00012), Wharf Real Estate (01997)
- Continued sell-off in long-term U.S. Treasuries pushes 30-year yield to near two-decade highs
Robotics concept: Ubtech (09880), Delft Robotics (02432)
- Unitree Technology to list on STAR Market tomorrow
Alibaba (09988)
- Launched test version of AI music model Happy Xiami
Fudan Zhangjiang (01385)
- Mid-year net profit up 3.39-fold, no dividend, revenue up 21%
Sinopec Oilfield Service (01033)
- Mid-year profit down 0.2% to RMB 760 million, no dividend, revenue up 2%
CSPC Pharmaceutical Group (01093)
- Listed subsidiary CSPC Innovation turned a profit of nearly RMB 1.3 billion from a loss, revenue up 2-fold
Innovation Industrial (02788)
- Mid-year profit up 1.6-fold to RMB 2.3 billion, no dividend, revenue up 32%
Wanguo Gold (03939)
- Mid-year net profit up 51% to over RMB 900 million, dividend of HKD 0.06 per share
Huazhu Group (01179)
- Q2 profit nearly RMB 1.6 billion, up 2%, dividend of USD 0.087 per share, raised full-year revenue guidance
Conant Optical (02276)
- Mid-year profit up 10% to RMB 300 million, dividend of RMB 0.20 per share, revenue up nearly 8%
Kelun-Biotech (06990)
- Mid-year profit of RMB 390 million from a loss, no dividend, revenue up 3%
Chow Sang Sang (00116)
- Expects mid-year profit from continuing operations to rise year-on-year to up to RMB 2.2 billion
Guotai Junan International (01788)
- Mid-year net profit up 22.7% to RMB 670 million, no dividend
【Oil & Gold Quotes】
NYMEX crude rose 0.45%, at $84.10/barrel
Brent crude rose 0.08%, at $91.12/barrel
Spot gold rose 0.12%, at $4,422.19/ounce
Gold futures rose 0.08%, at $4,477.76/ounce
1. U.S. stocks closed lower on Monday (17th), as investors remained optimistic about AI-driven chip stocks while growing cautious over escalating tensions between the U.S. and Iran pushing up oil prices and inflation risks. The Dow Jones fell 272.63 points, or 0.51%, closing at 53,459.78; the S&P 500 dropped 40.7 points, or 0.52%, ending at 7,745.06; the Nasdaq declined 84.25 points, or 0.32%, closing at 26,644.91. Tech stocks showed mixed performance, with AI and memory-related stocks outperforming the market. SanDisk (US.SNDK) surged 8.9%, Micron Technology (US.MU) rose 4.1%, and SK Hynix (US.SKHY) ADR climbed 3%. The Nikkei opened at 68,919, down 301 points.
2. It is reported that President Xi Jinping will skip the UN General Assembly starting on September 22 and travel to Washington to meet with Trump on September 24, departing the U.S. on the 25th. The White House confirmed Xi's visit on the 24th but declined to comment on other parts of his itinerary.
3. Trump rejected extending the temporary U.S.-Iran ceasefire agreement and reiterated his idea of declaring the Strait of Hormuz as U.S. territory. Reports suggest Trump is in no rush to end the war and has threatened to bomb Oman if it interferes with U.S. operations. With no progress in U.S.-Iran negotiations, Brent crude futures rose back above $90.
4. U.S. Treasury data shows foreign investors sold U.S. Treasuries in June, with Japan and China leading the sell-off. The yield on 30-year U.S. bonds surpassed 5.3%, nearing a two-decade high.
5. U.S.-Canada trade talks face hurdles, with auto tariffs reportedly the main sticking point. Canada wants auto tariffs reduced to 10%, while the U.S. insists on a minimum rate of 15%.
6. China released its five-year plan for oil and gas development, aiming to increase domestic oil and gas supply to 440 million tons of oil equivalent by 2030.
7. AI firm Anthropic's annualized revenue is reportedly on track to exceed $65 billion, more than sixfold growth from the end of last year.
8. NVIDIA (US.NVDA) agreed to invest up to $105 billion to support a new large-scale data center campus in Ohio, which will be leased by OpenAI in the future.
9. Chinese fast-fashion cross-border e-commerce Shein is said to have further lowered its target valuation for its Hong Kong IPO to no more than $27 billion, slightly above a quarter of its historical peak, with plans to list around the end of this month.
10. Unitree Technology (SSE: 688836) will list on the Shanghai STAR Market on August 19, with its retail IPO portion receiving over 5,500 times subscription demand.
11. Alibaba (09988) launched the test version of its AI music model Happy Xiami, capable of generating a fully produced song from a single text prompt, requiring no professional music knowledge from users.
【Stock Highlights】
Baidu Group (09888), Xiaomi Group (01810), Zhaoyi Innovation (03986)
- Second-quarter results to be announced today
Domestic demand sector: Mengniu (02319), Budweiser APAC (01876), China Resources Beer (00291)
- Chinese Premier Li Qiang urges efforts to achieve full-year economic and social development goals, emphasizing expanding domestic demand as a strategic priority
Oil & gas stocks: PetroChina (00857), CNOOC (00883), Sinopec (00386)
- China releases five-year oil and gas development plan, targeting 440 million tons of oil equivalent domestic supply by 2030
- Middle East tensions escalate again, Brent crude above $90
Innovative drug sector: CSPC Pharmaceutical Group (01093), Hansoh Pharmaceutical (03692), Innovent Biologics (01801)
- According to CCTV Finance, 38 global first-in-class innovative drugs were approved in China in the first half of the year, with total overseas licensing deals reaching about $110 billion, a record high for the same period
Property stocks: New World Development (00017), Henderson Land (00012), Wharf Real Estate (01997)
- Continued sell-off in long-term U.S. Treasuries pushes 30-year yield to near two-decade highs
Robotics concept: Ubtech (09880), Delft Robotics (02432)
- Unitree Technology to list on STAR Market tomorrow
Alibaba (09988)
- Launched test version of AI music model Happy Xiami
Fudan Zhangjiang (01385)
- Mid-year net profit up 3.39-fold, no dividend, revenue up 21%
Sinopec Oilfield Service (01033)
- Mid-year profit down 0.2% to RMB 760 million, no dividend, revenue up 2%
CSPC Pharmaceutical Group (01093)
- Listed subsidiary CSPC Innovation turned a profit of nearly RMB 1.3 billion from a loss, revenue up 2-fold
Innovation Industrial (02788)
- Mid-year profit up 1.6-fold to RMB 2.3 billion, no dividend, revenue up 32%
Wanguo Gold (03939)
- Mid-year net profit up 51% to over RMB 900 million, dividend of HKD 0.06 per share
Huazhu Group (01179)
- Q2 profit nearly RMB 1.6 billion, up 2%, dividend of USD 0.087 per share, raised full-year revenue guidance
Conant Optical (02276)
- Mid-year profit up 10% to RMB 300 million, dividend of RMB 0.20 per share, revenue up nearly 8%
Kelun-Biotech (06990)
- Mid-year profit of RMB 390 million from a loss, no dividend, revenue up 3%
Chow Sang Sang (00116)
- Expects mid-year profit from continuing operations to rise year-on-year to up to RMB 2.2 billion
Guotai Junan International (01788)
- Mid-year net profit up 22.7% to RMB 670 million, no dividend
【Oil & Gold Quotes】
NYMEX crude rose 0.45%, at $84.10/barrel
Brent crude rose 0.08%, at $91.12/barrel
Spot gold rose 0.12%, at $4,422.19/ounce
Gold futures rose 0.08%, at $4,477.76/ounce
