Global TradFi & Macroeconomics

Sa Sa International Holdings Limited (stock code 00178) reported a 24% revenue increase for the first quarter of the current fiscal year as of the 21st of this month, with Hong Kong and Macau operations growing 30%, according to Chairman and CEO Kwok Siu Ming. The growth stems from stabilized northbound travel by Hong Kong residents and increased mainland tourist arrivals driven by major events in Hong Kong. Kwok attributed the revenue surge to higher transaction volumes and expressed optimism f

Neocloud stocks including Nebius (NBIS), CoreWeave (CRWV), Applied Digital (APLD), and IREN Ltd advanced in early premarket trading Thursday following Micron's fiscal third-quarter earnings report. NBIS stock rose 4.4%, while CRWV shares advanced 4%, with APLD and IREN gaining 3.4% and 3.8%

According to DA Davidson on June 25, the investment bank raised its price target for Micron Technology to $2,000 from $1,500, maintaining a buy rating. The adjustment corresponds to a 20x price-to-earnings multiple on the company's expected 2026 calendar year EPS. DA Davidson cited another quarter o

According to Royal Bank of Canada analyst Abbas Keshvani, the yen is unlikely to appreciate before Japan's central bank slows quantitative tightening. The BOJ has planned to ease its quantitative tightening pace starting April 2027. RBC forecasts the U.S. dollar to weaken to 154 yen by the end of 2

On June 25, according to Jin10, China's National Development and Reform Commission and National Energy Bureau released the "New Energy System Construction Plan (2026-2030)." The plan targets stable crude oil production at 200 million tons annually while promoting steady growth in natural gas

According to Guiyang Finance, Cotuo Holdings (stock code 02272), a leading smart parking operator in China, surged over 200% in gray market trading today, with prices hitting as high as 120 Hong Kong dollars compared to the initial offering price of 39.55 Hong Kong dollars. As of reporting, the stoc

According to data from the UN shipping agency, 57 vessels transited the Strait of Hormuz between June 23 and June 25 as part of a UN-coordinated evacuation plan.

According to Guru Club, multiple major Chinese banks announced on June 25 they will suspend brokerage services for individual precious metals auction trading. Industrial and Commercial Bank of China will cease operations on July 24, while China Guangfa Bank requires customers to close positions by J

According to the Korea Securities Association, as of June 24, the total number of active stock trading accounts across all domestic securities companies in South Korea reached 108.77 million, with an average of 2 accounts per person. The surge reflects increased market participation amid the KOSPI i

According to Shanghai Futures Exchange warehouse receipt data on June 25, most commodity futures warehouse receipts declined or held steady. Aluminum warehouse receipts fell 10,301 tons to 462,671 tons, while asphalt plant warehouse receipts dropped 33,150 tons to 56,370 tons. Alumina warehouse rece

The UK government announced that steel safeguard measures and the 25% additional protective duties will cease to apply after June 30, 2026.

According to Zhitong Finance, Hong Kong's Hang Seng Index fell 1.43%, or 335.27 points, to 23,076.91 points at close on June 25, with daily turnover of 325.785 billion Hong Kong dollars. The Hang Seng China Enterprises Index declined 2.02% to 7,608.38 points, while the Hang Seng Tech Index

According to Zhitong Caijing, Leadtek (01688) saw gray market trading at HK$11 today, up 8.06% from its IPO price of HK$10.18, ahead of its Hong Kong listing on June 26. Trading data from Livermoore Securities showed profit of HK$541.2 per board lot of 660 shares, not including brokerage

According to Hyperinsight, Cerebras (CBRS) shares fell below their IPO issue price today after the AI chip company released its first earnings report as a public company. The stock declined approximately 22% post-earnings as disappointing forward guidance offset better-than-expected quarterly

According to Zhitong Finance, Shengbang Holding (03661), scheduled to list on Hong Kong on June 26, traded at 114.80 HKD in today's grey market, up 34.74% from its offer price of 85.20 HKD. At current levels, each lot of 100 shares would yield a profit of 2,960 HKD before transaction fees,

The Securities and Exchange Commission filed settled fraud charges against New York investment adviser Giovanni Pennetta on June 22, alleging he raised more than $10.5 million from investors between February 2021 and December 2025 by falsely claiming he could provide access to shares of a

According to the SEC, on June 22, investment adviser Giovanni Pennetta was charged with raising over $10.5 million from investors by falsely claiming he could provide access to shares of a private company before its public listing. More than $6.2 million of the funds were diverted for personal

The UK government announced new steel trade measures effective from July 1, reducing duty-free import quotas by 51% compared to current safeguard levels. Imports exceeding the new quota cap will face 50% tariffs. The measures apply to steel products that can also be produced domestically in the UK.

According to Goldman Sachs strategists reported by BlockBeats on June 25, AI trading is entering a more differentiated phase. The market still believes in the AI investment cycle but no longer applies uniform valuation frameworks to all AI companies. Hardware suppliers in the AI infrastructure

Onshore yuan closed at 6.7995 against the U.S. dollar at 16:30 Beijing time on June 25, up 57 basis points from the previous trading day's official closing rate and up 97 basis points from the overnight close.