Real-time News

July 6 - According to Iranian sources, the funeral service for the late Iranian Supreme Leader Ali Khamenei was held in Tehran, the Iranian capital, on the 6th, with millions of mourners in attendance. The service reportedly began at 6:00 AM, with large crowds gathering hours earlier to pay their respects.

The yield on Japan's 20-year government bonds rose 3.5 basis points to 3.785%.

On July 6th, industry research firm SemiAnalysis reported that Nvidia's (NVDA.O) next-generation flagship product—the Kyber rack-mount architecture designed for the 2027 Rubin Ultra chip—has been delayed by more than 12 months to 2028 due to manufacturing difficulties with a key circuit board. This is the latest in a series of recent product setbacks, further deepening market concerns about Nvidia's product roadmap. SemiAnalysis' report indicates that the delay stems from manufacturing challenges with the system's core—the PCB midplane. SemiAnalysis stated that Nvidia currently "lacks a mature solution to scale up Rubin Ultra," potentially opening a rare technological window for competitors like AMD (AMD.O) and Google (GOOG.O), whose self-developed chips are already being used in top AI labs.

Citigroup raised its target price for TSMC from NT$2,875.00 to NT$3,800.00.

July 6th - At approximately 9:00 AM today, due to the impact of Typhoon Maysak, Guangxi experienced continuous heavy rainfall accompanied by severe convective weather. To ensure passenger train safety, some trains on the Nanning-Guangzhou Railway were temporarily suspended. Simultaneously, some trains on the Shanghai-Kunming Railway, Beijing-Guangzhou Railway, and Huaihua-Hengyang Railway were also suspended due to the rainfall.

July 6th - Meituan officially open-sourced its trillion-parameter large-scale model, LongCat-2.0. LongCat-2.0 has a total of 1.6T parameters and an average activation of approximately 48B. It features deep collaborative optimization in model architecture, chip adaptation, and deployment strategies, specifically designed for domestically produced computing chips with limited GPU memory and bandwidth.

Hong Kong-listed AI stocks declined, with Zhipu (02513.HK) falling 10%, UBTECH (09880.HK) and Qunhe Technology (00068.HK) falling over 7%, and MINIMAX-W (00100.HK) falling over 6%.

July 6th – The World Internet Conference held a press conference on the 6th to introduce the basic information, overall preparation progress, and highlights of the 2026 World Internet Conference Digital Silk Road Development Forum. The forum will be held in Xi'an from July 21st to 22nd, with the theme "Smart Silk Road, Digital New Beginning – Building a Community with a Shared Future in Cyberspace." In addition to the opening ceremony, the forum will also feature five thematic forums focusing on cooperation and development in "Silk Road e-commerce," collaborative innovation in intelligent systems, cultural heritage protection and inheritance in the digital age, artificial intelligence empowering the low-altitude economy, and digital health. These forums aim to promote consensus and cooperation among countries participating in the Belt and Road Initiative, and jointly seize new opportunities for digital development.

On July 6, South Korean President Lee Jae-myung instructed officials on Monday to expedite the major chip and artificial intelligence (AI) projects announced last week. He warned that delays in licensing approvals, land acquisition, and securing electricity and water supplies could undermine South Korea's efforts to dominate advanced industries. "In this situation, the outcome seems to depend on who acts faster, who can gain the lead first," Lee said at a government meeting. "Speed is everything." Lee pointed out that the Yongin Industrial Complex, which took six years from site selection to groundbreaking, was already considered relatively fast. He stated that processes that were previously handled sequentially should be streamlined and called for shortening environmental assessments and other approval processes as much as possible. He demanded that electricity and water infrastructure be secured in advance, stating that electricity will be a particularly critical issue for the chip projects. Lee also indicated that despite the continued expansion of renewable energy supply, companies remain concerned about baseload power capacity, and therefore ordered officials to address these issues ahead of schedule.

Hong Kong-listed PCB stocks declined, with Kingboard Laminates (01888.HK) falling over 10% and Kingboard Holdings (00148.HK) falling over 5%.

Hong Kong-listed tech stocks rallied, with Bilibili (09626.HK) and Tencent Holdings (00700.HK) rising over 3%, Meituan (03690.HK) up 2.4%, and Alibaba (09988.HK) up 1.9%.

The Hang Seng Tech Index rose 1%, the Hang Seng Index rose 0.8%, and auto stocks strengthened, with Leapmotor (09863.HK) rising nearly 7%.

July 6th - From July 2nd to 3rd, the National Data Administration convened a field meeting in Beijing on the National Data Elements Comprehensive Pilot Zones (with a focus on medical data circulation and utilization). The meeting summarized and exchanged experiences in building national data elements comprehensive pilot zones, promoted the safe, compliant, and efficient circulation and utilization of data resources in the medical field, and deepened the integration of Digital China and Healthy China initiatives. The meeting emphasized the need to further strengthen top-level design and mechanism innovation. Local governments should enhance collaboration between data management departments and health departments, improve incentive mechanisms, and mobilize the enthusiasm and initiative of hospitals, doctors, and market operators to create a positive cycle for medical data circulation.

The yield on Japan's 20-year government bonds rose 3.0 basis points to 3.780%.

Ukrainian authorities say the Russian attack on Kyiv has killed three people.

July 6 – The Kuwait Arab Economic Development Foundation announced on July 5 the establishment of the “Kuwait Emergency Response Fund,” with an initial capital of US$100 million. The fund aims to enhance the country's capacity to respond to emergencies and exceptional challenges, and to support post-crisis social recovery and infrastructure reconstruction. According to Kuwaiti sources, Kuwaiti Foreign Minister and Chairman of the Board of Directors of the Kuwait Arab Economic Development Foundation, Al-Jalah, stated at a press conference on July 5 that the fund aims to establish an institutionalized emergency response financing mechanism to improve the country's crisis response capabilities. Al-Jalah said that the spillover effects of the conflict between the United States, Israel, and Iran have impacted Kuwait's security and stability, necessitating further strengthening and unifying efforts from all parties to enhance the country's capacity to respond to various exceptional circumstances. The fund will mobilize domestic funds to support the repair of infrastructure damaged in the conflict. Al-Waleed Bahar, Acting Director General of the Kuwait Arab Economic Development Foundation, stated that the fund will serve as a dedicated financing window, providing financial support to priority projects based on government needs.

July 6 – The European Central Bank (ECB) announced on Monday that its Target 2 (T2) payment system, used for settling everyday payments and financial transactions, has resumed normal operation after a brief payment processing outage. According to the ECB's website, the ECB and financial institutions rely on the T2 system for large payments and receipts, ensuring seamless settlement in central bank currency. The ECB had earlier stated in an update to its operational status page that the T2 system was in a "non-mandatory maintenance window," causing a delay in the opening of the settlement window for euros and Danish krone.

July 6th - Multiple explosions were heard in Kyiv, the capital of Ukraine, on the 6th local time. Kyiv Mayor Viktor Klitschko stated that five people have been injured in Kyiv so far. Earlier that day, multiple explosions were heard in Kyiv. The head of the Kyiv Military Management Department, Tkachenko, posted on social media that Russian forces were launching ballistic missiles at Kyiv. Local officials also posted on social media that a residential building had been hit by a missile, trapping residents inside.

European Central Bank: The Eurosystem's T2 system is operating normally, and the earlier payment processing incident has been resolved.