Real-time News

Samsung Electronics chip division head: We are collaborating on autonomous driving chips needed for the 4nm and 8nm nodes, as well as Nvidia's accelerator chips.

Fitch Ratings assigns an A rating to Japanese government bonds.

Tencent Holdings (00700.HK): On June 8, it spent approximately HK$500 million to repurchase 1.116 million shares on the Hong Kong Stock Exchange.

On June 8th, Alibaba announced the merger of its Tongyi Large Model Business Unit and Future Living Lab into the Token Foundry Business Unit, directly overseen by Group CEO Wu Yongming. This restructuring reportedly involves a number of AI-related businesses. Zhou Jingren will serve as Alibaba's Chief Scientist, leading the establishment of the Alibaba AI Future Research Institute, focusing on the exploration and breakthroughs of cutting-edge AI technologies. Zheng Bo will lead Happy Horse, Happy Oyster, and other projects to join the Token Foundry Business Unit.

Israeli military officials: The Israel Defense Forces attacked a petrochemical complex in southwestern Iran that is used to produce ballistic missiles.

Israeli military officials: The air force attacked Iranian air defense systems that were being rebuilt following previous conflicts.

Yuexiu Property (00123.HK): In May, the Company achieved contracted sales (including contracted sales of projects of joint ventures and associates) of approximately RMB11.303 billion, an increase of approximately 18.0% year-on-year, and contracted sales area of approximately 325,200 square meters, an increase of approximately 33.0% year-on-year.

On June 8th, the Party Committee of the State Financial Regulatory Commission (SFC) held an enlarged meeting to study and deploy key tasks for the near future. The meeting emphasized the need to resolutely advance strict and strong regulation. Adhering to the principle that "regulation is for supervision's sake," focusing on core responsibilities, and ensuring that the requirements of strict and strong regulation are implemented throughout the entire process and at every stage of regulatory work. The meeting stressed maintaining a "strict" tone, upholding a spirit of seriousness and uncompromising action, strictly controlling market access, rigorously enforcing the law, daring to take action, and severely punishing illegal and irregular activities, truly making the regulatory system "teeth-and-barrels" and "sharp-edged." It also emphasized the need for serious accountability in regulation, using strong accountability to force the implementation of responsibilities. Finally, the meeting stressed strengthening the foundation for "strength," including enhancing regulatory system construction, comprehensively promoting the establishment, revision, abolition, and interpretation of regulatory rules and regulations, and completing the compilation of the SFC's list of powers and responsibilities. It also emphasized enhancing regulatory capabilities, accelerating the implementation of the "Financial Regulatory Project," and steadily promoting the decentralization of county-level regulatory responsibilities. Finally, it stressed strengthening central-local coordination and inter-departmental collaboration, promoting the connection between administrative and criminal law, the linkage between supervision and audit, and the integration of discipline and law, effectively forming a synergy in work.

Israel Defense Forces: The Houthi rebels in Yemen launched two ballistic missiles at Israel this morning; one was intercepted, and the other failed to reach Israeli territory.

Israel Defense Forces: In response to the ballistic missile attack, Israel has carried out two waves of strikes inside Iran.

According to the Financial Times, Blackstone Group (BX.N) plans to sell $2 billion worth of shares in its private equity fund.

On June 8th, the State Council issued the "15th Five-Year Plan for the Construction of a Modern Emergency Response System," outlining the work on work related to production safety, disaster prevention, mitigation, and relief during the 15th Five-Year Plan period. The plan proposes that by 2030, my country will have made significant progress in modernizing its emergency management system and capabilities. A governance model primarily based on prevention will be effectively established; a centralized, unified, efficient, and authoritative emergency management system with Chinese characteristics will be further improved; the emergency command mechanism under the framework of comprehensive safety and emergency response will be more robust; the capacity to handle major and serious emergencies and the emergency response capabilities at the grassroots level will be significantly enhanced; and the level of legalization, scientification, and intelligence in emergency management will be greatly improved. The situation regarding production safety, disaster prevention, mitigation, and relief will remain stable. By 2035, a major-country emergency response system with Chinese characteristics, adapted to the basic realization of modernization, will be established, fully realizing law-based, scientific, and intelligent emergency response, and achieving a virtuous cycle between high-quality development and high-level safety.

The public relations manager of Kermanshah Airport in Iran said that flights at the airport are currently suspended due to the closure of airspace in the western region.

According to Israel's Channel 12: Attacks targeting security posts have been reported in multiple locations across Iran, including Hamadan province. Iranian opposition sources say some Basij members have evacuated some posts out of fear of becoming targets.

June 8th - The Sentix index, a measure of investor confidence in the Eurozone, rebounded more than expected in June as market sentiment, previously dampened by the Iranian conflict and soaring oil prices, gradually subsided, easing concerns about a sharp economic slowdown. Data showed the composite index rose 3.0 points to -13.4, while the economic expectations index rebounded even more strongly, gaining 4.8 points. Sentix noted that "concerns about a sharp economic downturn have clearly eased," and emphasized that global economic conditions, led by the US and Asia, are improving. However, Sentix warned that the Eurozone's recovery momentum remains relatively moderate compared to other major regions. Globally, market sentiment improved even more significantly, with the Sentix Global Composite Index rising 4.4 points to 8.0. Despite this improvement, Sentix pointed out that persistently high energy prices continue to drag down inflation expectations, putting ongoing pressure on central banks.

The Ukrainian military has attacked a pipeline pumping station in Russia's Volgograd region.

India's oil minister said that more and more natural gas is expected to be shipped from Mozambique.