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Real-time News
May 6th - As demand for chips surges in the artificial intelligence sector, Samsung Electronics, the worlds largest memory manufacturer, has seen its stock price more than triple in the past year, pushing its market capitalization past $1 trillion. In early trading on Wednesday, Samsung Electronics stock price jumped as much as 11%, making it the second Asian company after TSMC to reach this trillion-dollar milestone. Dave Mazza, CEO of Roundhill Investments, stated, "The trillion-dollar threshold has practical significance beyond symbolism. More broadly, it reflects the markets assessment of the role of storage in AI infrastructure architecture—that its function is structural, not cyclical."Hong Kongs S&P Global Manufacturing PMI for April was 48.6, compared to 49.3 in the previous month.Conflict Status: 1. Power outages occurred in several Ukrainian regions following attacks. 2. A drone attack in Russias Chuvash Republic resulted in over 30 deaths and injuries. 3. The Security Service of Ukraine stated that Ukraine attacked a Russian oil pumping station in the Leningrad region. 4. The governor of Russias Leningrad Oblast stated that a fire broke out in the industrial zone of Kirish, following a drone attack. 5. The Ukrainian Port Authority reported that the port of Bolshoy Odessa was attacked by Russia, and a civilian vessel flying the Cook Islands flag was damaged. 6. The Russian Ministry of Defense stated that the attacks on Ukrainian defense and energy facilities were retaliatory strikes against Ukrainian attacks on Russian civilian infrastructure. 7. According to two sources, the Kirish oil refinery in Russia suspended oil processing following the Ukrainian drone attack. 8. The head of the Ukrainian Presidential Office, Budanov, stated that Ukraine will extend the ceasefire agreement, provided that Russia responds. 9. Zelenskyy stated that Ukraine attacked the Cheboksar military industrial facility in Russia, approximately 1,500 kilometers away, with Flamingo missiles. Other developments: 1. The UN welcomed the separate unilateral ceasefires announced by Russia and Ukraine. 2. A Japanese senator stated that sanctions against Russia harm Japans national interests. 3. The Russian Foreign Minister spoke with the US Secretary of State to discuss bilateral relations and other issues. 4. Zelenskyy stated that while Russia is demanding a ceasefire, it is also launching missile and drone attacks in the coming days; Ukraine will respond in kind. 5. Zelenskyy stated that Ukraines defense forces maintain a stable level of defense. Our task is to continuously improve our results. 6. Market news: The US State Department approved a potential sale of Joint Direct Attack Munitions (JDAM) Extended Range and related equipment to Ukraine for $373.6 million.The CEO of Rivian (RIVN.O), an American electric vehicle company, said the company is considering producing lidar sensors for its autonomous vehicles.South Koreas consumer inflation accelerated on May 6, reaching its fastest pace since July 2024, as soaring energy costs increasingly impact the domestic economy. Data released Wednesday showed that South Koreas CPI rose 2.6% year-on-year in April, up from 2.2% in March. Core inflation, excluding volatile food and energy prices, rose 2.2%, indicating that underlying price pressures remain manageable despite escalating external cost shocks. The strong inflation data highlights the escalating conflict in the Middle East. South Korean import prices surged by about 16% in March, the fastest increase in nearly three decades, as high oil prices and currency depreciation continue to impact domestic prices. Against this backdrop, inflation expectations have strengthened. An index tracking price expectations for the next year rose to its highest level since early 2023, and inflation expectations for the next year have also increased, indicating that household concerns about inflation persist.
