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June 4th - According to CNN, sources say the US and Iran have discussed a plan to establish an investment fund for Iran, which, if a final agreement is reached, would provide billions of dollars for Iran's reconstruction. The US will not invest in the fund; most of the funding will come from Gulf states. Currently, the White House maintains that it will not provide any economic relief to Iran until it relinquishes its stockpile of highly enriched uranium, using the statement "no nuclear fallout, no unfreezing of funds" as a succinct expression of its red line.

June 4th - From January to April 2026, the cumulative export delivery value of the electronic information manufacturing industry above designated size increased by 5.4% year-on-year, 1.2 percentage points higher than in the first quarter. In April alone, the export delivery value of the electronic information manufacturing industry above designated size increased by 8.8% year-on-year. According to customs statistics, from January to April, my country exported 34.64 million television sets, up 3.9% year-on-year; exported 218 million mobile phones, down 2.4% year-on-year; and exported 117 billion integrated circuits, up 10.6% year-on-year.

June 4th - From January to April 2026, my country's electronic information manufacturing industry maintained rapid growth, with exports steadily increasing and industry efficiency significantly improving, showing a positive development trend. The added value of the electronic information manufacturing industry above designated size increased by 14% year-on-year, 8.4 and 1.4 percentage points higher than the growth rates of the overall industrial sector and high-tech manufacturing sector, respectively. In April, the added value of the electronic information manufacturing industry above designated size increased by 15.6% year-on-year. Among major products, mobile phone production reached 452 million units, a year-on-year increase of 0.3%, of which smartphone production reached 390 million units, a year-on-year increase of 6.5%; microcomputer equipment production reached 95.426 million units, a year-on-year decrease of 10%; and integrated circuit production reached 176.97 billion units, a year-on-year increase of 24.7%.

June 4th - This summer, international sporting events have fueled a continued surge in outbound tourism. Data shows that with the 2026 FIFA World Cup to be held in the United States, Canada, and Mexico, destinations related to the events are attracting significant attention from Chinese tourists, with accommodation bookings tripling year-on-year. Monterrey, Mexico, in particular, has seen a 14-fold increase in search popularity due to the event, becoming a newly popular destination. The inbound tourism market is also booming. Data shows that as of June 2nd, the number of planned inbound flights for July exceeded 43,000; inbound flight bookings exceeded 1.52 million, an increase of approximately 6% year-on-year. Popular destination cities include Shanghai, Beijing, Guangzhou, Chengdu, Shenyang, and Urumqi. Meanwhile, distinctive smaller cities such as Ganzhou, Mianyang, Tongliao, and Beihai are also attracting more foreign tourists.

The CFO of Worldchip Technology stated that global revenue from custom AI chips will exceed $270 billion by 2030. This figure "will continue to rise."

TSMC (TSM.N) CEO: TSMC currently consumes about 10% of Taiwan's electricity, and this figure is likely to continue to rise. We will continue to work hard to improve energy efficiency and reduce carbon emissions.

TSMC (TSM.N) CEO: Tokyo Electron remains a highly reliable supplier.

Truist Securities lowered its price target for Boston Scientific (BSX.N) from $85 to $64.

TSMC (TSM.N) CEO: We are not afraid of competition, no matter where it comes from.

On June 4th, to thoroughly implement the national strategic plan for promoting the high-quality development of artificial intelligence and to accelerate the construction of high-quality token service capabilities in the industry, the Artificial Intelligence Institute of the China Academy of Information and Communications Technology, the Key Laboratory of Artificial Intelligence Large Model and Software/Hardware Evaluation of the Ministry of Industry and Information Technology, and the Model as a Service (MaaS) Working Group of the China Artificial Intelligence Industry Development Alliance (AIIA) will jointly hold a "High-Quality Token Service Seminar" in Beijing on June 16th. The forum will establish a "Special Research Group on High-Quality Token Services" and launch the "High-Quality Token Service Capability Climbing Plan," systematically outlining organizational mechanisms and capability enhancement to unite industry forces to jointly promote the high-quality development of token services and provide a solid foundation for the standardized development of the token service industry.

June 4th - According to data released by the China Chain Store & Franchise Association, approximately 350 new shopping malls are expected to open nationwide in 2025. The concentration of the shopping mall industry continues to increase, and the renovation of existing stock and improvement of operational efficiency have become the core focus of enterprises.

June 4 – Thongloun Sisoulith, General Secretary of the Lao People's Revolutionary Party Central Committee and President of Laos, arrived in Beijing to continue his state visit to China from June 2 to 6. Prior to arriving in Beijing, Thongloun visited Zhejiang Province.

On June 4th, according to multiple US media reports on June 3rd, Vanguard Group's ETF tracking the S&P 500 index surpassed $1 trillion in assets, becoming the world's first trillion-dollar ETF and setting a new record in the passive investment industry. The ETF, ticker symbol VOO, has a management fee of 0.03%, significantly lower than its main competitors. The surge in US AI investment and the continued migration of global funds to low-cost passive products are the core reasons for the fund's rapid growth. Analysts point out that with the S&P 500's new stock inclusion waiting period shortened from 12 months to 6 months and Nasdaq's new rules for fast IPO inclusion, massive amounts of passive funds will be allocated to upcoming heavyweight stocks such as SpaceX and Anthropic. Once these two companies are quickly included in mainstream indices, trillion-dollar passive funds, represented by VOO, will increase their holdings in accordance with regulations. Vanguard Group was founded in 1975 and employs a shareholder ownership structure. As of the end of the first quarter of 2026, its global assets under management were approximately US$12.32 trillion. It has reshaped the global fund industry landscape by relying on low-fee index investing and is known as one of the three giants of US asset management, along with BlackRock and State Street.

According to the Wall Street Journal, Meta Platforms (META.O) says it plans to release the API for its latest AI model in June.

According to the Wall Street Journal, sources say that Meta Platforms (META.O) has delayed the release of the API for its Muse Spark AI model due to vulnerabilities and infrastructure issues.

The Malaysian Ministry of Trade stated that the United States has not yet made a final tariff decision regarding Malaysia.

June 4th - Chief Cabinet Secretary Minoru Kihara stated on Thursday that the Japanese government expects the Bank of Japan (BOJ) to implement appropriate monetary policy in close coordination to achieve a sustainable 2% inflation target driven by wage growth. When asked about BOJ Governor Kazuo Ueda's remarks on Wednesday, Kihara declined to comment on specific points, only stating that the government and the BOJ have maintained and will continue to maintain "full communication" on occasions such as the meeting between the BOJ governor and Prime Minister Sanae Takaichi last month. "Specific monetary policy measures should be decided by the BOJ," Kihara said at a regular press briefing, reiterating the government's consistent stance towards the central bank.

1. Strong Data Drastically Reduces Rate Cut Expectations: The US ADP nonfarm payrolls for May added 122,000 jobs, far exceeding expectations, and the May ISM services PMI hit a multi-month high. The US labor market and consumer spending demonstrated remarkable resilience, significantly reducing the urgency for the Federal Reserve to cut rates in the short term. 2. Tightening Fears Suppress Valuations: Strong economic fundamentals led several Fed officials to adopt a hawkish stance, exacerbating market concerns about maintaining high interest rates or even restarting rate hikes this year. This directly pushed up both the US dollar index and US Treasury yields, severely suppressing the valuations of non-interest-bearing assets such as gold and silver. 3. Unpredictable Geopolitical Situation: The Middle East geopolitical situation remains volatile. While there have been reports of progress in US-Iran negotiations, significant differences remain between the two sides on core issues, leading to frequent sporadic conflicts. The sharp fluctuations in risk aversion have increased the two-way volatility risk in precious metals markets. 4. Industry Dynamics and Capital Outflows: Russian officials predict gold production will reach 480-500 tons in 2026, far exceeding institutional expectations, with the increased supply putting pressure on gold prices. In terms of capital flows, the world's largest gold ETF (SPDR) has recently seen outflows, indicating a lack of upward momentum in the short term. 5. Platinum and Palladium End-User Demand Under Pressure: In addition to macroeconomic pressures, high oil prices and the accelerated electrification of automobiles continue to squeeze the market share of traditional gasoline vehicle catalysts, leading to significant pressure on palladium demand. The overall decline in platinum and palladium prices has exceeded that of gold and silver. 6. Zhengxin Futures' View: The ADP Non-Farm Payrolls report reflects the resilience of the US labor market, providing more confidence for the Federal Reserve to maintain its tightening stance. Gold will mainly be affected by macroeconomic factors in the short term, maintaining a weak and volatile trend. However, in the long term, global de-dollarization and strategic reserve demand will continue to provide strong support for gold prices. 7. Nanhua Futures' View: With no easing signals on the monetary policy front and even rising expectations of interest rate hikes, precious metals lack significant upward momentum. However, given the prolonged period of high oil prices, it is crucial to pay close attention to signs of economic slowdown. If a "stagflation trade" begins, it will become a key narrative for the next gold price increase. (The above content is compiled from publicly available market data and is for reference only; it does not constitute investment advice.)

TSMC (TSM.N) CEO: We are not seeking soaring memory prices, but are focused on long-term sustainable growth.

TSMC (TSM.N) CEO: We treat customers as partners, but we still need to achieve profitability.