The US Central Command has initiated a new round of strikes against Iran, causing international oil prices to jump 3%.
Pre-Market Key Developments
1. US Central Command Launches New Strikes on Iran; International Oil Jumps 3%
Type: Market Sentiment
Impact: Negative
The US Central Command stated that at 17:00 Eastern Time on the 12th, the US military began a new round of strikes against Iran, "aimed at continuing to degrade its ability to attack ships transiting freely in the Strait of Hormuz." This marks the fourth US strike against Iran this week. In early Monday trading, WTI crude oil surged over 3%, approaching $74 per barrel; spot gold fell below the $4,100 mark, down nearly 0.8%; spot silver dropped over 2% to $58.65 per ounce; Nasdaq futures declined 0.4%.
2. Major State Council Meeting: Accelerate Construction of New-Generation Communication and Computing Power Networks
Type: Industry Sentiment
Impact: Positive
The State Council meeting emphasized the need to systematically advance the development of Digital China, appropriately front-load the layout of digital infrastructure, accelerate the construction of new-generation communication and computing power networks, enhance digital intelligence levels, and comprehensively empower economic and social development. It also stressed strengthening research in cutting-edge technologies, improving the assessment and prevention capabilities for new security risks, and strictly maintaining security bottom lines.
3. Zhongji Innolight Clarifies Rumors of Severely Underperforming Q2 Results and Deliberate Stock Price Suppression
Type: Company Sentiment
Impact: Positive
There has been a lot of market speculation recently regarding the company and the industry. The main clarifications are as follows: Regarding rumors of severely underperforming Q2 results, these claims are completely unfounded and have caused unnecessary panic among investors. The company has not yet issued an earnings forecast or semi-annual report, but it maintains strong confidence in its H1 2026 operational performance and industry demand. Regarding rumors of the company deliberately suppressing its stock price, the company stated it does not engage in such practices, nor does it delay revenue recognition or artificially adjust financial results.
4. Jensen Huang Attends Morgan Stanley Roadshow: NVIDIA's Growth is Accelerating, Denies Rubin Ultra Delay
Type: Company Sentiment
Impact: Positive
Jensen Huang personally took the stage at a Morgan Stanley investor roadshow, conveying a core message: growth has not peaked and is, in fact, accelerating. Additionally, prior to the roadshow, market chatter suggested the Rubin Ultra might be delayed until 2028 for shipment. Huang directly denied this claim during the meeting.
5. SK Hynix's US Listing Ignites Industry Expectations! Institutions: Domestic Memory Chip Makers Accelerating Breakthrough
Type: Company Sentiment
Impact: Positive
On July 10th Eastern Time, global memory chip giant SK Hynix listed on the Nasdaq via a pre-release model. Its shares closed up 12.76% on the first day, corresponding to a market capitalization exceeding $1.22 trillion. Looking ahead, institutions believe that as domestic memory chip companies accelerate technological iteration and capacity expansion, import substitution will become a core investment theme for the industry's future.
Investment Calendar
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Investment Nugget
Investment Nugget: In ordinary times, it's best to sit quietly. The less trading, the better. Always wait patiently for investment opportunities to arise. — [US] Jim Rogers
Institutional Views
1. Everbright Securities: The market is highly likely to maintain range-bound fluctuations in the short term. Focus on three high-growth sectors represented by hard technology.
2. China Galaxy Securities: It is advisable to anchor investments on corporate earnings, grasp structural opportunities, and maintain a balanced portfolio of rotating technology sectors and defensive allocations.
3. Industrial Securities: The momentum for a new round of market gains is accumulating amidst volatility. AI computing hardware remains the strongest consensus area.
Positive and Negative Outlook
1. Joint Announcement by Ministry of Commerce and General Administration of Customs: Temporary Ban on Helium Exports, Effective from the 10th
Type: Market Focus
Huaxin Securities: Under the new supply-demand dynamic of "high demand growth, tight supply," helium processing enterprises with multi-source long-term agreements have become the core for ensuring China's helium supply at this stage. It recommends focusing on Guanggang Gas and Jiufeng Energy. Also suggested for attention are Huate Gas and Jinhong Gas.
2. Commercial Spaceflight Reaches Inflection Point for Scale Commercialization; Institutions Bullish on Long-Term Value
Type: Institutional Focus
Bank of China Securities: The "new land rush" for space infrastructure has begun, unveiling a trillion-dollar market. Key focus areas include core components for rockets and satellites, as well as investment opportunities brought by new 3D printing process applications. It recommends watching Aerospace Power, Super Hi-Tech, China Satellite, etc.
3. State Council Approves the "15th Five-Year Plan" for Traditional Chinese Medicine Revitalization and Development
Type: Policy Focus
Xiangcai Securities: It is recommended to focus on high-quality enterprises possessing evidence-based medical research, R&D innovation capabilities, quality control advantages, and brand moats. Within the hospital market, grasp the two main themes of essential drug list catalysts and innovation-driven growth. In the out-of-hospital market, focus on the two main themes of recovery growth driven by inventory stabilization and consumption recovery driven by domestic demand回暖. Seek certainty amidst market differentiation.
Announcement Summary
Positive-Leaning Announcements
1. Shannon Semiconductor: Expects H1 net profit of 3.5-4.0 billion yuan, a year-on-year increase of 2118%-2434%.
2. CITIC Securities: Expects H1 net profit of 23.343 billion yuan, a year-on-year increase of 69.59%.
3. HEC: Controlling subsidiary signs a computing power service procurement contract valued at 13-15 billion yuan.
Negative-Leaning Announcements
1. Nanwei Software: The China Securities Regulatory Commission has decided to investigate the company for suspected violations of information disclosure regulations.
2. Wajinke: Controlling shareholder Chen Kun plans to reduce his stake by no more than 3%.
3. Muyuan Foods: Expects H1 net loss of 5.7-6.7 billion yuan.
Overseas Markets
Note: The three major US stock indices closed slightly higher last Friday, with the Dow up 0.29%, the S&P 500 up 0.42%, and the Nasdaq up 0.29%. SK Hynix ADR rose over 12% on its first day of US trading, reaching a market cap of $1.22 trillion. Popular Chinese concept stocks were mixed, with the Nasdaq Golden Dragon China Index down 0.23%.
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