Key pre-market news points include US indices showing mixed results, while AI concept stocks surged. Semiconductor memory names advanced, with SK Hynix rising over 9%, SanDisk gaining more than 5%, and Western Digital adding over 3%. Driven by surging demand for computing power, AI cloud service leader Nebius saw Q2 revenue skyrocket 454% year-over-year, propelling its stock up more than 34%. CoreWeave also jumped over 19%. In the optical communication sector, Lumentum climbed over 13%, and Coherent rose more than 8%. In early Asian trading, South Korea's KOSPI index advanced 3.38%, with Samsung Electronics up 4% and SK Hynix gaining 5%.
The official version of DeepSeek V4 Pro has been updated to its API. The new version significantly enhances Agent capabilities, supporting Responses API and Codex integration. Official benchmark tests show the model scored 87.9 points on the Terminal Bench agent test, approaching the 88.0 points of a comparable model. Some netizens claiming to be beta testers have dubbed the DeepSeek Harness system as "the strongest in the universe."
The People's Bank of China (PBOC) released its Q2 2026 China Monetary Policy Execution Report. The report clarifies that moving forward, the PBOC will fully leverage existing policy effectiveness, promptly plan and introduce practical and effective incremental policies, and increase counter-cyclical adjustment intensity. It aims to boost domestic demand, optimize supply, and carefully manage the pace, intensity, and timing of policy implementation.
The US Bureau of Labor Statistics reported that the July CPI rose 3.4% year-over-year, a slight moderation from June's 3.5% and the lowest level since March. Core CPI year-over-year growth narrowed from 2.6% to 2.5%. Following the data release, the interest rate swap market priced in approximately a 50% probability of a rate hike in September. Traders have also reduced their expectations for an October rate hike from about 75% the previous day to roughly 60%.
Investment Calendar
Logistics and Supply Chain Digitalization Conference
Investment, sometimes, is tied to luck. Especially for long-term investing, ultimate success, in a sense, depends on the nation's fortunes.
Institutional Views
Hualong Securities believes several positive factors that are conducive to a market rebound continue to exist, helping the market stabilize and recover.
Dongwu Securities suggests that as the interim reporting season approaches, performance in core tech tracks will drive the sector back into an upward channel.
Zheshang Securities opines that the market may have already shaken off the shadow of the recent rapid decline and entered an overall "intermediate rally" phase.
Positive and Negative Outlook
Tencent's capital expenditure in the first half of the year exceeded 80 billion yuan, an 82% increase year-over-year, with a significant rise in computing power procurement. Huayuan Securities notes that the iteration of AI large models, large-scale construction of intelligent computing centers, and the comprehensive penetration of edge intelligence applications continue to drive up the demand for AI computing power in the domestic market. Overall, the industry shows a clear pattern of stable profitability for leading companies and a tiered growth structure.
Unitree Technology has produced a cumulative total of approximately 18,000 humanoid robots, achieving a 31% global market share in the first half of 2026. Great Wall Securities firmly believes in the investment opportunities within the robotics sector, considering factors like value, technological paths, and incremental links. It advises grasping the current industry trends to find companies with capacity, orders, and confirmed supply contracts.
Samsung and SK Hynix are reportedly planning "epic" dividends and share buybacks, potentially totaling over $140 billion. Aijian Securities believes the domestic memory chip supply chain will encounter a historic development opportunity. Specific links in the chain include memory chip modules, memory chip packaging and testing, memory chip manufacturing, and upstream related equipment and materials.
Corporate Announcements
Positive Announcements:
CATL (Contemporary Amperex Technology Co., Ltd.) plans to contribute 2.475 billion yuan as capital to participate in establishing the Hainan Shidai Green Industry Investment Fund.
Baofeng Energy Group reported a net profit of 9.728 billion yuan for the first half of 2026, a year-over-year increase of 70.14%.
Yihai Kerry Arawana Holdings reported a net profit of 2.294 billion yuan for the first half of 2026, a year-over-year increase of 30.69%.
Negative Announcements:
Zhongjian Technology is suspected of violating information disclosure regulations and has received an administrative penalty notice from the Zhejiang Securities Regulatory Bureau.
Chuanzhi Education stated that its stock is under key monitoring by the Shenzhen Stock Exchange and may apply for a trading suspension for review.
Zhiyuan New Energy reported that its concerted actor, Wang Ran, has cumulatively reduced its holdings by 5.2477 million shares.
Overseas Markets
US indices ended mixed as the core CPI reading came in cooler than expected, denting rate hike expectations and briefly pushing the S&P 500 and Nasdaq higher. The Dow Jones, however, fell for its third consecutive session. AI concept stocks soared. Among memory chip names, SK Hynix rose over 9%. In semiconductor equipment, Applied Materials gained over 4%. Among new-generation AI cloud service companies, Nebius surged over 34%. In optical communications, Lumentum jumped over 13%.
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