Real-time News

SK Hynix shares fell sharply, with the decline widening to 3.5%.

July 3rd - A CICC research report states that the US added 57,000 non-farm jobs in June, lower than market expectations, indicating a slowdown in the acceleration of job growth. Even after a downward revision of the previous figure, the average monthly increase in jobs over the past three months still reached 111,000, showing that the labor market is still expanding. Meanwhile, the unemployment rate fell to 4.2%, and the labor force participation rate continued to decline, reflecting a coexistence of robust employment demand and a contraction in labor supply, indicating relatively low overall unemployment pressure. We believe this data has given the Federal Reserve time to wait and see, therefore maintaining our judgment that it will neither raise nor lower interest rates this year. In the medium term, this year's improvement in US employment is more due to the economic cycle recovery driven by AI investment, rather than short-term factors such as the World Cup. This means that if aggregate demand continues to expand under the impetus of AI, the possibility of the Federal Reserve restarting interest rate hikes next year cannot be ruled out.

Futures News, July 3rd - According to foreign media reports, Malaysian crude palm oil futures on the Bursa Malaysia Derivatives Exchange (BMD) are likely to open higher on Friday morning, mainly reflecting the firm rise in international crude oil futures. On Thursday, international crude oil futures and Chicago soybean oil futures rose firmly, and Brent crude oil futures further increased during Friday's electronic trading session, which will help the early performance of Malaysian crude palm oil futures. However, India, the world's largest importer of edible oils, is likely to see its palm oil imports in June fall to their lowest level in 14 months due to weak demand and a narrowing price advantage relative to competitors, prompting buyers to reduce purchases. This could put some pressure on the Malaysian palm oil market.

1. International precious metals futures generally closed higher. COMEX gold futures rose 1.30% to $4135.50 per ounce, and COMEX silver futures rose 1.54% to $61.44 per ounce. Cooling expectations of a Fed rate hike, coupled with weak non-farm payroll data, continued gold purchases by global central banks, and a correction in A-shares boosting safe-haven demand, all contributed to the rise in precious metal prices. 2. The WTI crude oil futures contract closed down 0.17% at $68.46 per barrel; the Brent crude oil futures contract fell 0.01% to $71.56 per barrel. Easing geopolitical tensions in the Middle East led to a significant rebound in oil shipments through the Strait of Hormuz, increasing market supply expectations, and prompting several institutions to lower their oil price forecasts. 3. Most London base metals fell. LME aluminum rose 0.23% to $3083.0/ton, LME lead rose 0.16% to $1868.5/ton, LME copper fell 0.10% to $13285.5/ton, LME nickel fell 0.37% to $16295.0/ton, LME zinc fell 0.76% to $3472.5/ton, and LME tin fell 1.50% to $50855.0/ton. 4. The three major U.S. stock indexes closed mixed. The Dow Jones Industrial Average rose 1.14% to 52900.07 points, setting a new record high; the S&P 500 was flat at 7483.24 points; and the Nasdaq Composite fell 0.8% to 25832.67 points. Apple rose nearly 5%, and McDonald's rose more than 4%, leading the Dow Jones gains. The Philadelphia Semiconductor Index fell 5.44%, SanDisk dropped over 14%, and Micron Technology fell over 5%. The Wind US Tech Big Seven Index fell 0.11%, Tesla fell over 7%, and Facebook fell nearly 5%. SpaceX rose nearly 3%. The Nasdaq China Golden Dragon Index fell 1.77%, 21Vianet fell over 10%, and BaWangChaJi fell over 8%. European stock markets closed higher across the board: the German DAX rose 2.16% to 25,580.88 points; the French CAC40 rose 1.65% to 8,474.86 points; and the UK FTSE 100 rose 1.67% to 10,652.87 points. Stronger European stocks were driven by significantly weaker-than-expected US June non-farm payroll data, which led to a reduction in market bets on a Fed rate hike. A comprehensive reform package reached by the German ruling coalition boosted confidence.

July 3 – On July 2, 2026, local time, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, held talks with Danish Foreign Minister Rasmussen in Copenhagen. Wang Yi stated that current bilateral relations are maintaining healthy and stable development. China is Denmark's largest trading partner in Asia, and bilateral economic and trade cooperation has yielded fruitful results over the years. China is willing to further expand trade and investment cooperation with Denmark, launch negotiations on a new version of the Green Joint Working Program, and, guided by green cooperation, deepen cooperation in scientific research and innovation, green shipping, and healthcare, while expanding exchanges in education, culture, tourism, youth, and sports, thereby enhancing mutual understanding and friendship between the two peoples and adding new contemporary significance to the China-Denmark comprehensive strategic partnership. Rasmussen stated that Denmark looks forward to maintaining exchanges at all levels with China, continuing open and candid dialogue, exploring the formulation of a new version of the Green Joint Working Program, and promoting exchanges and cooperation in trade, culture, health, education, and other fields.

July 3rd - According to CNBC, US President Trump stated on Thursday that AI investment is "larger" than the internet construction of the late 1990s, and total capital expenditure matches this assertion. Goldman Sachs estimated in 2025 that AI capital expenditure would need to reach $700 billion by 2026 to match the peak spending levels of the telecommunications construction boom in the late 1990s. The investment bank predicted in May that AI capital expenditure would reach $765 billion this year and is expected to grow to $1.6 trillion annually by 2031. Regarding chips, Trump stated that he predicts 40% to 60% of chip manufacturing will be located in the United States by the time he leaves office.

US President Trump: Micron Technology (MU.O) is a "hot company" run by a "great person".

US President Trump: Venezuela has performed "better than ever" in terms of oil, and my policies have helped restore the country's energy output.

July 3 – According to CNBC, US President Donald Trump on Thursday refused to commit to signing a bipartisan housing bill—which had easily passed Congress more than a week earlier—and instead turned his attention to a controversial election bill, the so-called Protect America Act. Trump stated that he would not sign the housing bill until Congress presented it to him for his signature. "I think the Protect America Act is the most important bill we have right now, and for years to come," Trump said. The bill would require voters to show photo identification when voting and to provide proof of citizenship when registering to vote. Regarding the housing bill, Trump said, "There are a lot of provisions in it that the Democrats put forward, and I even think they're not right, but that's okay. But I've made my position clear: I'd rather not sign any bill until I sign the Protect America Act."

US President Trump: Iran has no navy and no air force.

US President Trump: This housing bill has many Democratic-leaning provisions. Unless voter verification is added, I'm more inclined not to sign it.

US President Trump: (Regarding the housing bill) No problem.

When asked about OpenAI shares, US President Trump mentioned Intel (INTC.O) shares (the US government has invested in Intel).

US President Trump: I hold a very small amount of stock in Nvidia (NVDA.O).

US President Trump: (Regarding the Supreme Court's rejection of the request to fire Federal Reserve Governor Cook) We can get rid of her by winning the case.

According to CNN: The United States plans to strengthen workplace immigration enforcement.

Meta Platforms (META.O) CTO: If the company re-enables mouse tracking, it will be done via an opt-in process.

Meta Platforms (META.O) CTO: Preliminary review of the mouse tracking data security incident indicates that no employee data was included in the AI training.