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Gold
4014.07
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161.594
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Real-time News
On June 26, Xi Jinping, General Secretary of the CPC Central Committee and President of China, met with Hun Sen, Chairman of the Cambodian Peoples Party and President of the Senate, at the Great Hall of the People. Xi Jinping emphasized that the current international and regional situation is undergoing complex and profound changes, and China and Cambodia should work together to demonstrate their responsibility amidst change and uphold justice amidst chaos, injecting more stability into regional peace and development. China is willing to establish a security partnership with Cambodia. China highly appreciates Cambodias determination and actions in combating telecommunications and online fraud and is willing to work with Cambodia to continue its efforts to completely eradicate this "cancer" of telecommunications fraud.June 26 - According to information released by Moscow Mayor Sergei Sobyanin via social media on June 26 local time, between 2:24 AM and 7:23 AM that day, Russian air defense systems shot down 47 drones heading towards Moscow. The Russian Ministry of Defense also reported early on the 26th that overnight, Russian air defense forces intercepted and destroyed 660 Ukrainian fixed-wing drones in multiple locations.Asian tech stocks generally fell on Friday after Apple raised prices. Investors are concerned that rising component costs will dampen demand for end devices and ultimately drag down memory chip prices, which have been supporting the AI investment boom. The market is reassessing whether soaring memory prices, driven by continued strong AI demand, will begin to suppress overall spending by increasing costs for electronics manufacturers and consumers. Apples price increase is one of the clearest signals yet that the industrys pricing power may be at the expense of future demand, prompting the market to reassess the valuation of AI-related semiconductor stocks. "The market is no longer viewing rising memory prices as a necessary positive factor for the entire AI deal," said Charu Chanana, chief investment strategist at Saxo Bank. "While this demonstrates that demand for AI infrastructure remains strong, it also drives up the cost of building and using AI. The risk is that the current strong memory chip cycle may slow down the entire AI deal in the future, and the market has already begun to price this in."Kazakhstans minister said that Kazakhstan has cut gas production at the Karachagank gas field due to a Ukrainian drone attack on Russias Orenburg gas processing plant.According to IFR, a Reuters subsidiary, Zhejiang Laifu Harmonic Drive Co., Ltd. has set its Hong Kong IPO price at the high end of the range, aiming to raise HK$1.1 billion.
