Hong Kong Exchanges and Clearing CEO Bonnie Chan highlights how SpaceX's IPO underscores the global companies behind its supply chains, and discussed Beijing's curbs on illegal cross-border investments. She spoke at Bloomberg Invest Hong Kong 2026. (Source: Bloomberg)

格隆汇6月10日｜摩根大通发表研报指，如果家电股不应再以国内家电周期来估值，而应被视为现金牛收益、全球挑战者成长与工业科技期权价值的组合——这正是该行认为投资人该问的重评问题。旧有框架——补贴、换机周期与利润率——仍然重要，但却忽略了更关键的转型：中国B2C正成为资金基础、海外OBM正成为成长引擎、而B2B工业科技则可能成为估值倍数扩张的驱动力。 该行指，海尔智家是一个具有吸引力且“坏消息已全面反映”的股票。市场对近期美国关税带来的盈利压力已有充分预期，而其美国以外的海外核心业务依然保持健康，多个市场在市占率扩大的同时亦实现利润率提升，预计公司在2026至2028财年的净利润复合年增长率可达8%。该行指出，海尔智家目前的2026财年预测市盈率为8至9倍，总股东回报率达10%至11%(包括4%的股份回购收益率)，估值提供了良好的介入机会。该行将海尔智家H股的目标价由32港元下调至25港元，维持“增持”评级。

据同花顺iFinD数据，沪深京三市成交额超2万亿元，较上日此时放量562亿元，预计全天成交金额约2.7万亿元。截至目前，沪市成交额9253亿元，深市成交额10557亿元，北证50成交额196亿元。

台积电5月营收为4169.8亿新台币，同比增长30.1％。前5月销售额1.96万亿新台币，同比增长30%。

格隆汇6月10日｜台积电5月营收4169.75亿新台币，创纪录新高，同比增长30.1%，环比增长1.5%。台积电今年前5月销售额1.96万亿新台币，同比增长30%。

台积电5月营收为4169.8亿新台币，上月4107.3亿新台币。

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Elon Musk's SpaceX ( SPCX ) has drawn more than $250B of investor demand for what stands to be the largest-ever IPO, dwarfing the $75B the firm is seeking to raise, according to Reuters . The deal's oversubscription rate is running at three and a half to ​four times the planned offering size, sources said, which bankers and investors say is the latest sign that demand is strong, ​as Reuters reported on Friday. Long-only funds have put in what one source described as sizable orders. ⁠Musk briefly joined some Zoom meetings with potential investors, the report said. The company remains in the midst of the marketing process. On Tuesday, SpaceX ( SPCX ) President Gwynne Shotwell and finance chief Bret Johnsen were expected to attend a lunch meeting at Morgan Stanley ( MS ) in ​midtown Manhattan with about 300 institutional investors and hosted by Morgan Stanley Co-President Dan Simkowitz, said a source familiar with the plans. Investor demand is still subject to change before the IPO prices, expected on Thursday afternoon. Subscription figures reflect indications of interest rather than final allocations, which will be set at pricing. The ​sources added that some large institutional investors tend to submit orders late in the IPO process, according to the report. More on SpaceX SpaceX IPO: Don't Become Exit Liquidity For Existing Investors SpaceX IPO: The Valuation Rocket That Flew Too High How 20 Years Of IPO Experience Helps Me Think About SpaceX NYC pension fund head warns SpaceX governance gives Musk too much control NASA names Artemis III crew for key SpaceX, Blue Origin lander test

来源：金十数据 金价近期持续承压，市场走势已显露出进一步转弱的迹象。现货 黄金 年初以来累计下跌超过3%，年内收益由正转负 。 当地时间周二，美国对伊朗发动新一轮打击以报复后者击落一架军用直升机，此举危及结束这场战争的所有努力。周三亚盘，黄金抛售加大，截至发稿，现货黄金日内下跌约2%，失守4200美元关口。 技术面上，上周五价格跌破200日移动均线这一关键支撑位后，累计跌幅已超过5%。尽管当前价格仍高于3月低点，但整体表现已出现明显的看跌信号。 渣打 银行 全球 大宗商品 研究主管苏基·库珀（Suki Cooper）在最新贵金属报告中指出，黄金交易所交易产品（ETP）面临的赎回压力可能进一步加大。她表示： “我们预计，在宏观不利因素的影响下，近期价格走势将变得更加脆弱。黄金已开始再次从实际收益率中寻找线索。” 在她看来，ETF等投资需求与实际收益率的联动性更强，而非由实物市场的结构性因素主导。随着通胀上行，市场对美联储年内加息的预期升温，推动实际收益率走高，从而抬升持有黄金这类无息资产的机会成本。 资金流向已经体现出这种变化。库珀提到，尽管5月战术性头寸转为净多，但ETP持仓当月减少16吨，并在6月延续下降趋势。 从持仓结构看，当前价格区间的风险逐步积累。库珀指出，约在每盎司4250美元这一近期低点附近，至少有270吨ETP持仓处于亏损状态。 进一步下探情形下，风险将继续放大。她表示，如果金价跌至每盎司4000美元，处于亏损的持仓规模则升至298吨。 若按先进先出法计算，并假设今年的净赎回发生在较低价格区间且对应盈利头寸，这一潜在亏损规模可扩大至465吨。 整体来看，当前ETP持仓结构较为脆弱，可能放大价格下行压力，而下一个重要技术支撑位大致位于每盎司4100美元。 除利率因素外，汇率环境也在对金价形成压制。库珀指出，美元近期重新显现的上行趋势同样对黄金构成不利影响。 不过，她同时强调，尽管短期面临多重压力，但从中期视角来看，黄金价格仍具备回升空间。 值得一提的是，花旗分析师在周一发布的一份报告中表示，如果霍尔木兹海峡在夏末之前仍保持关闭状态，金价可能跌至每盎司3500美元，较周二水平下跌约19%。 分析师表示，这意味着这种通常被视为市场动荡时期终极避险资产的品种，在短期内显得“风险极高”。花旗将三个月金价目标从每盎司4300美元下调至4000美元。

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We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing. 1. China’s EV giants challenge Tesla in race to commercialise humanoid robots Chinese electric vehicle (EV) makers are opening a new front in their battle with Tesla: humanoid robots. After spending years competing on electric cars and autonomous driving technology, leading Chinese...

格隆汇6月10日｜现代汽车印度公司表示，预计供应商现代摩比斯印度制造工厂的全面生产将于6月22日前恢复。此前位于印度金奈的一家工厂因火灾事故导致运营中断，现代汽车印度公司预计，大部分产量损失将在下个季度内得到弥补。

阿里巴巴、比亞迪、百度被列入美國限制名單；追加發行阿里巴巴5倍做多ZVNW Moomoo

格隆汇6月10日｜消息人士称，韩国已消化约15亿美元与SpaceX IPO相关的购汇需求，在SpaceX IPO需求消化后，韩元下行压力得到缓解。

Palm oil stockpiles in Malaysia climbed at the fastest pace in five months as a sharp drop in exports overshadowed weaker production in the world’s second-largest grower. Inventories in May climbed 5.2% from a month earlier to 2.43 million tons, according to data released by the Malaysian Palm Oil Board on Wednesday. The gain was more than double the 2.2% rise forecast in a Bloomberg survey . The buildup reflects a sharp slowdown in overseas shipments as buyers flocked to discounted Indonesian cargoes following Jakarta’s overhaul of its key commodity exports. Malaysian exports fell about 14% to a one-year low of 1.11 million tons, compared with estimates for a 6.2% drop. While there were initial expectations that the new Indonesian regime — announced late last month — would divert demand to Malaysia, that has yet to materialize. Instead, buyers in key markets including India and China have been scooping up more attractively priced Indonesian supplies. Competition between the two neighboring countries may intensify in the coming months as Indonesian exporters rush to move cargoes before the state-controlled framework is fully implemented. The top producer, which supplies more than half the world’s palm oil, began a transition phase this month and is still ironing out key operational details, with a review due in three months. Companies can continue conducting transactions for now, which has created an incentive for refiners and exporters to push out supplies before tighter controls are enforced. Malaysia’s crude palm oil production , meanwhile, fell 7% to 1.52 million tons, according to MPOB, compared with estimates for a 4.9% decline. Imports slumped 42% to 43,816 tons, the data showed. Investors are also watching Malaysian cargo surveyor data for the first 10 days of June, due to be released later on Wednesday, for clues on how buyers are reacting to Indonesia’s new rules. Indonesia Authorities Question Maybank Staff Over Salim Exports Oil Climbs After Fresh US Str...

LewisTsePuiLung Wang Chuanfu, chairman and president of BYD Company ( BYDDF ), expressed confidence in the company and predicted it would become the world's No. 1 carmaker within five years, urging shareholders to remain patient despite a steep decline in its share price. BYD's ( BYDDF ) stock has fallen about 37% over the past year amid intense competition from local rivals including Geely ( GELYF ) and Xpeng ( XPEV ), while weaker domestic demand and shrinking profit margins have overshadowed the company's technological advances and overseas expansion. Speaking at BYD's 2025 annual shareholders' meeting in Shenzhen on Tuesday, Wang said the market broadly recognizes the automaker's growth prospects but argued that its current share price does not accurately reflect the company's true value. Addressing shareholders, Wang said management remains confident BYD will deliver stronger returns as it advances through key development milestones. BYD is seeking to offset slowing domestic momentum through overseas expansion, particularly in markets where trade barriers remain relatively low. Wang attributed the industry's first-quarter weakness to a demand pull-forward effect caused by China's reduction in NEV tax incentives, which encouraged consumers to advance purchases into late 2025 and left automakers grappling with weaker demand, intensified competition, and margin pressure at the start of 2026. He acknowledged that BYD's second-generation Blade Battery remains the company's primary growth bottleneck this year as the automaker ramps up production. "BYD will truly become the No. 1 automaker globally in terms of scale in five years," Wang said, citing the company's strong export growth and technological advancements. He added that overseas sales this year are expected to exceed the company's original target of 1.6M vehicles. More on BYD Co ADR Of The Makers Of New Electric Supercars, BYD Shares Are Preferable To Ferrari's Toyota Vs. BYD Represents A Classic Value Vs. Gr...

格隆汇6月10日｜交银国际发表报告，认为在经济稳步复苏过程中，大金融板块基本面进一步向好。从盈利预期看，预计2026年银行板块加快盈利向好步伐，国有大行净利润保持正增长，股份制银行净利润实现转正；证券板块保持较快盈利增速，其中头部机构有望实现15%以上的净利润增长；保险板块受2025高基数及投资收益阶段性回落影响，整体净利润有所分化，但是部分头部机构仍有望实现正增长。从估值水平看，银行、证券、保险板块市净率均处于历史偏低水平，仍然具有相对较高的安全边际。展望2026下半年，该行认为大金融板块高股息+估值修复逻辑继续成立，特别是其中头部机构攻守兼备的配置价值更加凸显。

(RTTNews) - Rockwell Automation, Inc. (ROK), a provider of industrial automation and digital transformation technologies, on Tuesday announced that its board of directors authorized the company to spend up to an additional $1 billion to repurchase shares of its common stock.

格隆汇6月10日｜消息称在部分员工离岗罢工后， KAKAO工会将于6月29日举行全面罢工，预计约5000名员工参与此次行动。

騰訊控股(00700)出現大手賣出1.49萬股，成交價$465.0，涉資692.85萬 AASTOCKS.com

格隆汇6月10日｜南方两倍做多海力士午后下跌近17%，成交额近80亿港元。

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格隆汇6月10日｜据央视，近日，首艘国产大型邮轮“爱达·魔都号”完成了首次3天2晚的海上巡游之旅，与以往不同的是，游客体验的是全国首个“无目的地海上游”航线。在上海吴淞口国际邮轮港，4000多名游客分批次有序下船。与此前传统邮轮航线的模式截然不同，此次3天2晚周末游，全程不靠岸，没有指定的目的地，邮轮本身就是旅行的目的地，精准匹配上班族、年轻家庭周末短途休闲需求。从“有目的地”航线到“无目的地”海上巡游，看似是产品焕新，这背后却涉及方方面面的政策创新和综合协调。交通、文旅、公安、海关、边检等多部门协同配合，打通了航线审批、证件办理、口岸查验等关键环节。

格隆汇6月10日｜美银全球研究的外汇及利率策略师Shusuke Yamada表示，若日本央行在下周会议上采取鹰派立场加息，预计将对日元构成支撑；目前市场定价显示，本次加息之后，10月会议再次加息的概率约为50%。

格隆汇6月10日｜招商证券发表报告指，汇量科技以Mintegral为绝对核心业务，其产品的持续迭代构成了收入和利润增长的核心引擎。公司将巩固IAA(广告变现)基本盘，同时深化IAP(应用内购买)高价值业务，依托飞轮效应推动业绩持续增长。考虑到公司加速拓展IAP业务以及AI赋能的深化落地，该行看好Mintegral平台智能出价体系持续迭代带来的业绩增长，首次覆盖给予“强烈推荐”评级。

Mohamed Nadheem/iStock via Getty Images Iran reportedly targeted several Gulf countries after the U.S. launched attacks on the Middle Eastern nation earlier on Tuesday stateside. Jordan’s military said Wednesday local time that it had intercepted five Iranian missiles, according to state media , while Bahrain sounded alarms and Kuwait activated its air defenses to intercept “hostile aerial targets.” U.S. forces on Tuesday evening launched strikes against Iran “in response to yesterday’s downing of a U.S. Army Apache helicopter,” U.S. Central Command said. The “self-defense strikes” are “a proportional response to unjustified Iranian aggression,” Centcom said in an X post. Brent futures ( CO1:COM ) ticked up 0.2% to $91.62/bbl at press time, while U.S. West Texas Intermediate crude ( CL1:COM ) advanced 0.3% to $88.47. In a post later on Tuesday stateside, Centcom said that it had completed its military action, having hit Iranian air defense, ground control stations, and surveillance radar sites near the Strait of Hormuz. More on Crude Oil Futures What History Reveals About Today's Crude Oil Volatility Commodities: Middle East Re-Escalation Sends Oil Higher Markets Edge Higher As Friday's Rout Recovery Continues Oil rises modestly after U.S. military hits back at Iran over helicopter attack U.S. crude stockpiles fell 9.1M barrels last week, API says