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Broadcom (AVGO.O) shares rose in pre-market trading, currently up over 4%.Broadcom (AVGO.O): The company will develop and supply a range of custom ASIC silicon products for the manufacture of multiple generations of Apple products.On July 6th, according to Tianyancha intellectual property information, Beijing Sankuai Online Technology Co., Ltd. recently received authorization for its patent application for a "drone". The abstract shows that the drone is used to transport logistics boxes. The drone includes a main body, a fixing device, and a limiting component. The fixing device is disposed on the main body and can securely clamp both ends of the logistics box along a first direction. The limiting component is adjustablely mounted on the main body. This limiting component includes at least a mounting part connected to the main body and a limiting part connected to the mounting part. The limiting part abuts against the side of the logistics box to restrict its movement along a second direction; the mounting part abuts against the top surface of the logistics box to restrict its movement along a third direction. By setting the limiting component, it can cooperate with the fixing device to achieve auxiliary fixation of the logistics box, preventing the logistics box from shaking during drone transportation and causing the goods inside to collide. It can also prevent the logistics box from colliding with the main body, ensuring the normal flight of the drone. Furthermore, the limiting component is adjustablely mounted on the main body, allowing it to be adapted to logistics boxes of different sizes.On July 6th, SK Hynix officially launched its marketing and promotion process for its US stock listing on Monday, hoping to leverage the continued enthusiasm of investors for the memory chip sector and advance its listing in the US. According to its filings, SK Hynix plans to issue approximately 17.79 million American Depositary Receipts (ADRs) corresponding to its ordinary shares, with an offering size of approximately $28 billion based on the closing price in the Korean market last Friday. As a leading supplier of HBM chips, SK Hynixs US listing provides it with an efficient financing channel. According to previously disclosed regulatory documents, SK Hynix expects its ADRs to officially begin trading on July 10th (this Friday). Based on the current proposed offering size, this ADR offering will rank among the top three largest IPOs in history (the exact amount depends on the exchange rate), potentially rivaling the $29.4 billion IPO of Saudi Aramco in 2019.On July 6th, Poly Property Group (00119.HK) announced that in June 2026, the Group achieved contracted sales of approximately RMB 3.6 billion, a decrease of 25% year-on-year; contracted sales area was approximately 115,000 square meters, and the average contracted sales price was approximately RMB 31,132 per square meter. As of June 2026, the Groups cumulative contracted sales amounted to approximately RMB 23.2 billion, a decrease of 13.11% year-on-year. The cumulative contracted sales area was approximately 799,000 square meters, and the average contracted sales price was approximately RMB 29,051 per square meter.

Hang Seng Index, ASX200, Nikkei 225: Hang Seng Stumbles Early

Cory Russell

Feb 06, 2023 15:51


Market Snapshot

This morning's session was diverse. The Hang Seng Index touched reverse this morning as market risk sentiment was affected by US economic statistics from Friday.


Fears of a more hawkish Fed action in March increased as a result of the significant increase in nonfarm payrolls and the decline in the US unemployment rate to 3.4%. The ISM Non-Manufacturing PMI figures allayed the immediate fears of a US economic downturn, providing the Fed even another justification for continuing to front-load to combat inflation.


Investors also reacted to Alphabet Inc. (GOOGL) and Apple Inc.'s (AAPL) dismal results and bleak outlooks, which helped to explain the NASDAQ Index's 1.59% decline on Friday.


There were no statistics or geopolitical developments this morning to influence the overall market risk attitude. The markets will require FOMC member talk to restore order after last week's US economic readings. The Fed Funds Rate is predicted to increase by 25 basis points to 5%. Any rumors of a more forceful action would be negative.