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Real-time News
On May 13th, Alibaba announced at its earnings conference that Taobao Flash Sales overall order volume for the first quarter of this year was 2.7 times that of the same period last year, with non-food retail orders reaching 3 times that of last year. The company is confident of achieving positive UE (Unified Product) before the end of the new fiscal year. Last April, Alibaba launched its food delivery campaign. This means that after a year of competition, Taobao Flash Sales scale is nearly three times that of a year ago.On May 13th, Tencent executives stated in a conference call following the release of the first-quarter financial report that the companys capital expenditures will increase going forward, and more domestically produced chips will be put into use in the second half of this year. Tencent Cloud has consistently lacked sufficient GPU resources, making it difficult to meet all the needs of external customers, which has impacted revenue generation and market share. The Tencent executives stated that investments in AI include both short-term and long-term investments, and the company will not manage each related product on a quarterly basis, but rather review it based on the asset portfolio and lifecycle.Data as of May 13, 2026, shows that trading volume in the 15 minutes before the US market opens is at the 93rd percentile historically, significantly higher than the average of the past 30 days, indicating strong buying support at the open. Simultaneously, the momentum index also reaches the 93rd percentile, significantly better than the 30-day average, reflecting that the markets ability to sustain trends has entered an extremely strong zone.May 13th - The strong performance of the semiconductor sector indicates the markets increasing reliance on this high-growth sector. As of Monday, 19 semiconductor and semiconductor equipment stocks accounted for 18% of the S&P 500. According to ORourke, chief market strategist at Jones Trading, as of Monday, semiconductor and memory stocks accounted for 70% of the $5.1 trillion in new market capitalization added to the S&P 500 by 2026. Meanwhile, market observers point to underlying signs of weakness. According to data from Bespoke Investment Group, although the S&P 500 hit a record high earlier this week, only slightly more than half of the stocks in the index are trading above their 50-day moving average. ORourke stated that the semiconductor sector "currently has such a large weighting in the S&P 500 that any pullback or disappointing performance poses a risk to the broader market."May 13th - The global energy price shock triggered by the US-Israel conflict with Iran may force the Turkish central bank to raise its inflation forecast, further increasing pressure on the country to curb price increases. Turkish central bank governor Fatih Callahan will release his quarterly monetary policy report on Thursday. Analysts widely expect the central bank to raise its year-end inflation target and forecast range. The current target is 16%, with a forecast range of 15% to 21%. Hande Sekergi, chief economist at Is Asset Management, stated, "Although the central bank has stated it will not adjust its interim targets unless there are extreme circumstances, the global price shock and escalating supply issues are likely to prompt it to raise its year-end inflation target."
