📡 Top-of-hour update | 09:00-10:00
1. The People’s Bank of China today conducted a 70 billion yuan, 7-day reverse repo operation and a 10,000 billion yuan outright reverse repo operation. Net injections of 49.5 billion yuan were achieved on the day.
2. All three major A-share indexes opened higher across the board. The Shanghai Composite Index rose 0.38%, the Shenzhen Component rose 0.52%, and the ChiNext Index rose 0.77%. The storage-chip sector led the gains.
3. Commodity futures opened mostly higher. Tin on the Shanghai exchange rose by more than 3%, while live hogs, asphalt, and eggs rose by more than 2%. Stainless steel and lithium carbonate fell by more than 1%.
4. Multiple explosions were reported in Kyiv, the capital of Ukraine. Russian forces launched ballistic missiles, resulting in 5 people injured, with an apartment building hit.
5. Jiangbo Long opened up more than 10%. It expects net profit in the first half of the year to grow year-on-year by 62,204%–74,394%, driving strength in the storage-chip sector.
6. The leading copper-clad laminate company Tripod (Comtec) released a price-increase notice. FR-4 was raised by 15%, copper foil processing fees were increased, and Hong Kong-listed PCB-related concept stocks opened higher as a group.
7. South Korean President Yoon Suk Yeol stated that the government will speed up administrative procedures for the chip-industry cluster and will set up a committee in August to enhance chip competitiveness.
8. Amazon Web Services (AWS) notified its supply chain that it will raise the shipment volume target for ASIC servers in the third quarter of 2026, which is expected to increase the plan by 20%–30%.
1. The People’s Bank of China today conducted a 70 billion yuan, 7-day reverse repo operation and a 10,000 billion yuan outright reverse repo operation. Net injections of 49.5 billion yuan were achieved on the day.
2. All three major A-share indexes opened higher across the board. The Shanghai Composite Index rose 0.38%, the Shenzhen Component rose 0.52%, and the ChiNext Index rose 0.77%. The storage-chip sector led the gains.
3. Commodity futures opened mostly higher. Tin on the Shanghai exchange rose by more than 3%, while live hogs, asphalt, and eggs rose by more than 2%. Stainless steel and lithium carbonate fell by more than 1%.
4. Multiple explosions were reported in Kyiv, the capital of Ukraine. Russian forces launched ballistic missiles, resulting in 5 people injured, with an apartment building hit.
5. Jiangbo Long opened up more than 10%. It expects net profit in the first half of the year to grow year-on-year by 62,204%–74,394%, driving strength in the storage-chip sector.
6. The leading copper-clad laminate company Tripod (Comtec) released a price-increase notice. FR-4 was raised by 15%, copper foil processing fees were increased, and Hong Kong-listed PCB-related concept stocks opened higher as a group.
7. South Korean President Yoon Suk Yeol stated that the government will speed up administrative procedures for the chip-industry cluster and will set up a committee in August to enhance chip competitiveness.
8. Amazon Web Services (AWS) notified its supply chain that it will raise the shipment volume target for ASIC servers in the third quarter of 2026, which is expected to increase the plan by 20%–30%.