Nominal 
【HEADLINES】
1. U.S. stocks surged across the board on Tuesday (4th), driven by strong corporate earnings and easing geopolitical tensions, boosting market risk appetite. The Dow Jones Industrial Average broke above the 54,000 level for the first time in history, soaring 907.47 points to close at 54,085.88, up 1.71%. The S&P 500 also climbed above 7,700 for the first time, rising 136.02 points, or 1.79%, to 7,736.52. The Nasdaq Composite surged 671.1 points, or 2.59%, to 26,584.99. The China Golden Dragon Index fell 23 points. The Nikkei opened at 65,602, unchanged.
2. U.S. Treasury Secretary Bessent revealed that the U.S. and Iran are expected to reach an agreement within one or two days to fully reopen the Strait of Hormuz. It is reported that Iran has softened its stance and is considering allowing European participation in mine-clearing operations in the strait. International oil prices came under significant pressure, with New York crude futures falling below the $78 per barrel mark.
3. The president of the Federal Reserve Bank of Philadelphia stated that he remains open-minded about the future path of interest rates and that if core inflation remains persistently high, more restrictive monetary policy may be needed.
4. Bessent said that the weakening yen exacerbates Japan's inflation problem and increases the risk of broad depreciation across Asian currencies, and the U.S. will take all necessary measures to support the yen.
5. The number of job openings in the U.S. in June was 7.35 million, lower than the downwardly revised 7.59 million in May.
6. U.S. Commerce Department data showed that the goods and services trade deficit narrowed 5.6% month-on-month to $73.3 billion in June, an improvement from the revised $77.6 billion in May, but slightly higher than the market expectation of $73 billion, mainly driven by a larger decline in imports than exports.
7. The U.S. Department of Commerce plans to further expand the scope of Section 232 metal tariffs, proposing a 25% tariff on 14 categories of steel, aluminum, and copper derivative products, and issued a notice seeking public comments through the Federal Register.
8. According to Reuters, the U.S. Federal Communications Commission (FCC) is drafting a ban on the import of certain Chinese data center components, which may affect Zhongji Shuangchuang, one of the world's largest optical module suppliers.
9. The People's Bank of China will conduct a 50 billion yuan reverse repo operation today via fixed-quantity, interest rate bidding, and multiple-price winning methods, with a maturity of three months.
10. SpaceX released its first quarterly results since going public in June. Driven by strong growth in its Starlink satellite network service, total revenue in the second quarter reached $7.81 billion, a year-on-year surge of 92%, exceeding market expectations. However, the stock price fell over 7% after hours.
11. Hong Kong's Census and Statistics Department reported that the provisional estimate of total retail sales in June was HK$31.5 billion, up 4.6% year-on-year, marking 14 consecutive months of growth; sales volume rose 2.3% after adjusting for price changes.
【STOCK HIGHLIGHTS】
Zhongji Shuangchuang (03308)
- According to Reuters, the U.S. Federal Communications Commission plans to ban the import of certain Chinese data center components
Innovent Biologics (01801)
- Product revenue in Q2 exceeded RMB 4.3 billion, up 60% year-on-year
Wynn Macau (01128)
- Adjusted property EBITDAR rose 17% in Q2, revenue up 27%
GigaDevice (03986)
- ChangXin Memory Technologies is reportedly planning small-volume production of sixth-generation low-power DDR memory by the end of this year
Techtronic Industries (00669)
- Mid-year net profit rose 17.5% to $740 million, dividend increased to HK$1.5
Wanguo Gold (03939)
- Expects mid-year profit to rise up to 53% to RMB 920 million, benefiting from business growth
Three Oil Giants: PetroChina (00857), CNOOC (00883), Sinopec (00386)
- Bloomberg survey shows OPEC's average daily crude oil output increased by 1.16 million barrels in July to 19.44 million barrels
- U.S. and Iran expected to reach full reopening agreement for Strait of Hormuz within one or two days
Autonomous Driving Stocks: Youjia Innovation (02431), Hesai (02525), Black Sesame Intelligent (02533)
- Mainland China released mandatory national standards for the autonomous driving industry, scheduled to be officially implemented starting July 1, 2027
GAC Group (02238)
- July vehicle sales exceeded 110,000 units, down over 5%, while new energy vehicle sales rose 54%
Estun (02715)
- Spends RMB 487 million to fully acquire Estun Kuzhuo, with profit commitment of no less than RMB 66 million
Hongji Group (02535)
- 39% equity transferred to Chen Yongqiang, triggering 82% discounted full acquisition, resumed trading this morning
Dehe Group (00368)
- 75% equity transferred to two companies, Pang Weitao offers full acquisition at 79% discount, resumed trading this morning
Xixiangfeng (02473)
- Raises RMB 150 million via 22% discounted placement to acquire auto repair business, He Chengzhen effectively takes control
Vilobelimab (09887)
- Conducts first-in-human clinical trial in Europe for refractory autoimmune diseases, first patients dosed
【OIL & GOLD QUOTES】
New York crude futures down 0.78%, at $75.18/barrel
Brent crude futures down 0.29%, at $78.52/barrel
Spot gold down 0.08%, at $4,074.15/ounce
Gold futures down 0.56%, at $4,129.30/ounce
1. U.S. stocks surged across the board on Tuesday (4th), driven by strong corporate earnings and easing geopolitical tensions, boosting market risk appetite. The Dow Jones Industrial Average broke above the 54,000 level for the first time in history, soaring 907.47 points to close at 54,085.88, up 1.71%. The S&P 500 also climbed above 7,700 for the first time, rising 136.02 points, or 1.79%, to 7,736.52. The Nasdaq Composite surged 671.1 points, or 2.59%, to 26,584.99. The China Golden Dragon Index fell 23 points. The Nikkei opened at 65,602, unchanged.
2. U.S. Treasury Secretary Bessent revealed that the U.S. and Iran are expected to reach an agreement within one or two days to fully reopen the Strait of Hormuz. It is reported that Iran has softened its stance and is considering allowing European participation in mine-clearing operations in the strait. International oil prices came under significant pressure, with New York crude futures falling below the $78 per barrel mark.
3. The president of the Federal Reserve Bank of Philadelphia stated that he remains open-minded about the future path of interest rates and that if core inflation remains persistently high, more restrictive monetary policy may be needed.
4. Bessent said that the weakening yen exacerbates Japan's inflation problem and increases the risk of broad depreciation across Asian currencies, and the U.S. will take all necessary measures to support the yen.
5. The number of job openings in the U.S. in June was 7.35 million, lower than the downwardly revised 7.59 million in May.
6. U.S. Commerce Department data showed that the goods and services trade deficit narrowed 5.6% month-on-month to $73.3 billion in June, an improvement from the revised $77.6 billion in May, but slightly higher than the market expectation of $73 billion, mainly driven by a larger decline in imports than exports.
7. The U.S. Department of Commerce plans to further expand the scope of Section 232 metal tariffs, proposing a 25% tariff on 14 categories of steel, aluminum, and copper derivative products, and issued a notice seeking public comments through the Federal Register.
8. According to Reuters, the U.S. Federal Communications Commission (FCC) is drafting a ban on the import of certain Chinese data center components, which may affect Zhongji Shuangchuang, one of the world's largest optical module suppliers.
9. The People's Bank of China will conduct a 50 billion yuan reverse repo operation today via fixed-quantity, interest rate bidding, and multiple-price winning methods, with a maturity of three months.
10. SpaceX released its first quarterly results since going public in June. Driven by strong growth in its Starlink satellite network service, total revenue in the second quarter reached $7.81 billion, a year-on-year surge of 92%, exceeding market expectations. However, the stock price fell over 7% after hours.
11. Hong Kong's Census and Statistics Department reported that the provisional estimate of total retail sales in June was HK$31.5 billion, up 4.6% year-on-year, marking 14 consecutive months of growth; sales volume rose 2.3% after adjusting for price changes.
【STOCK HIGHLIGHTS】
Zhongji Shuangchuang (03308)
- According to Reuters, the U.S. Federal Communications Commission plans to ban the import of certain Chinese data center components
Innovent Biologics (01801)
- Product revenue in Q2 exceeded RMB 4.3 billion, up 60% year-on-year
Wynn Macau (01128)
- Adjusted property EBITDAR rose 17% in Q2, revenue up 27%
GigaDevice (03986)
- ChangXin Memory Technologies is reportedly planning small-volume production of sixth-generation low-power DDR memory by the end of this year
Techtronic Industries (00669)
- Mid-year net profit rose 17.5% to $740 million, dividend increased to HK$1.5
Wanguo Gold (03939)
- Expects mid-year profit to rise up to 53% to RMB 920 million, benefiting from business growth
Three Oil Giants: PetroChina (00857), CNOOC (00883), Sinopec (00386)
- Bloomberg survey shows OPEC's average daily crude oil output increased by 1.16 million barrels in July to 19.44 million barrels
- U.S. and Iran expected to reach full reopening agreement for Strait of Hormuz within one or two days
Autonomous Driving Stocks: Youjia Innovation (02431), Hesai (02525), Black Sesame Intelligent (02533)
- Mainland China released mandatory national standards for the autonomous driving industry, scheduled to be officially implemented starting July 1, 2027
GAC Group (02238)
- July vehicle sales exceeded 110,000 units, down over 5%, while new energy vehicle sales rose 54%
Estun (02715)
- Spends RMB 487 million to fully acquire Estun Kuzhuo, with profit commitment of no less than RMB 66 million
Hongji Group (02535)
- 39% equity transferred to Chen Yongqiang, triggering 82% discounted full acquisition, resumed trading this morning
Dehe Group (00368)
- 75% equity transferred to two companies, Pang Weitao offers full acquisition at 79% discount, resumed trading this morning
Xixiangfeng (02473)
- Raises RMB 150 million via 22% discounted placement to acquire auto repair business, He Chengzhen effectively takes control
Vilobelimab (09887)
- Conducts first-in-human clinical trial in Europe for refractory autoimmune diseases, first patients dosed
【OIL & GOLD QUOTES】
New York crude futures down 0.78%, at $75.18/barrel
Brent crude futures down 0.29%, at $78.52/barrel
Spot gold down 0.08%, at $4,074.15/ounce
Gold futures down 0.56%, at $4,129.30/ounce