Taiwan's Critical Technologies at a Critical Moment thinkingtaiwan.net

From nearly dying on the pitch to scoring for Mexico at the World Cup - Raul Jimenez has completed a remarkable comeback.

格隆汇6月12日｜韩国综合股价指数（KOSPI）开盘上涨6.4%，至8263.85点；SK海力士涨8%，三星电子涨9%。日经225指数开盘报65176.23点，涨幅1.49%。消息面上，特朗普今天声称美国已经“结束了”与伊朗的战争，此前他宣称双方已同意达成一项“非常强有力的谅解备忘录”以停止战斗。

A number of stocks jumped in the afternoon session after the Nasdaq rebounded, up 1.8%, as Trump's Iran peace deal announcement released the rate pressure that weighed on the sector all week.

布伦特原油失守89美元/桶，日内跌1.76%。

伊朗伊斯兰革命卫队海军消息人士说，霍尔木兹甘省锡里克地区海岸附近此前传出的爆炸声，与武装人员在霍尔木兹海峡同一艘船只发生冲突有关。该消息人士说，涉事船只是一艘油轮，在伊朗伊斯兰革命卫队海军发出警告后，该船已被强制遵守相关禁令。伊朗伊斯兰革命卫队海军公告提醒各船停留在锚地，切勿被美军蒙蔽而擅自通过霍尔木兹海峡。（新华社）

AMD and Qualcomm Shares Are Soaring, What You Need To Know Yahoo Finance

(RTTNews) - The Singapore stock market has finished higher in two of three trading days since the end of the three-day losing streak in which it had tanked almost 180 points or 3.5 percent. The Straits Times Index now sits just beneath the 4,990-point plateau and it's expected to

⚽️ Kick-off time: 8pm local/12pm AEST/3am BST/10pm EDT ⚽️ Player guide | Bracketology | Golden Boot | Mail Jonathan Hello everybody and welcome to live coverage of the second match of the 2026 World Cup between South Korea and Czechia. Kick-off in this Group A clash at Estadio Guadalajara is 8pm local time (10pm EST / 3am BST / 12pm AEST). Following Shakira’s shimmies, three red cards, and the fanatical hosts welcoming us all to the 2026 World Cup with a celebrated victory, the second of the tournament’s 104 matches looks set to be a more muted affair. It features two sides in indifferent form with modest expectations opening their campaigns during the graveyard shift at the competition’s second smallest venue. Continue reading...

Electric vehicles accounted for a record 66.7 per cent of new car sales in mainland China during the first week of June, the latest sign that the country’s battery-powered carmakers are benefiting from the global energy crisis. Two out of every three new cars sold on the mainland in the seven days ending June 7 were either pure electric or plug-in hybrid vehicles, according to data from the China Passenger Car Association (CPCA). The penetration rate climbed from 62.9 per cent in May as a wave...

onurdongel/iStock via Getty Images Super Micro Computer, Inc. ( SMCI ) can't seem to please the stock market despite constantly reporting strong growth. The AI server company announced a massive capital raise, causing the stock to collapse, but the company completely undersold the details on an insane level of orders. My investment thesis remains ultra Bullish on Super Micro after this plunge in the stock following the big equity offerings. Source: Finviz Big Offering Super Micro announced the following stock offerings to raise capital : $5.0 billion underwritten public offerings, consisting of: (1) 45,454,545 shares of common stock at a public offering price of $27.50 per share; (2) 75,000,000 depositary shares, each representing a 1/20th interest in a share of newly issued 7.0% series A mandatory convertible preferred stock at a public offering price of $50 per share. At-the-market offering: up to $1.25 billion at-the-market, or ATM, offering program for common stock, expected to begin no earlier than Q3'26. Also, the company issued underwriting grants of 6,818,181 additional shares of common stock and 11,250,000 additional depositary shares. In total, Super Micro will raise nearly $5.5 billion in these initial offerings. The company only had a fully diluted share count of 692 million shares outstanding for Q1 '26, so these equity raises are very dilutive. Naturally, the hope is the ATM is only executed at much higher prices and the mandatory converts have an offering price of $50. The depository shares are mandatory convertible preferred stock to trade under the symbol "SMCIP." Michael Youngworth, the head of global convertible and preferred strategy at BofA Securities, explained mandatory converts as follows: Mandatories are effectively yield-enhanced common stock. They have a high delta to the shares and no bond floor since holders are required to convert to shares at maturity—no option to get par back, like in a traditional convert. Investors are compensated f...

当地时间6月11日，美国总统特朗普突然宣布取消对伊朗的军事打击并透露双方即将达成重大协议，这一消息瞬间扭转了此前弥漫的恐慌情绪，美股三大股指全线飙升，道指单日暴涨超900点，芯片板块迎来报复性反弹，国际油价则应声大跌，贵金属与加密货币同步走强。 美股三大指数齐升，道指单日怒涨930点 截至收盘，道指涨929.97点，涨幅 1.86% ，收于 50848.75点 ；纳指涨640.16点，涨幅 2.54% ，收于 25809.66点 ；标普500指数涨127.31点，涨幅 1.75% ，收于 7394.30点 。衡量市场恐慌情绪的VIX指数当日大跌超12%，"解除警报"的交易印记清清楚楚。 权重股构成第一层推力。特斯拉收涨 4.60% ，英伟达涨 2.22% ，苹果涨1.39%，亚马逊涨1.47%，谷歌涨0.39%；微软（-1.77%）和Meta（-0.45%）逆势走弱，但不足以抵消大盘的动量。万得美国科技七巨头指数当日收涨1.14%，30只成分股中5家上涨、2家下跌。 但真正点燃全场的是 芯片板块的报复性反弹 。 费城 半导体 指数（SOX）收盘暴涨 7.91% ，创2025年4月以来最大单日涨幅，30只成分股 全部收涨 ——这本身就说明问题：这不是 某 个细分赛道的基本面催化，而是系统性风险溢价被抽走后的"全面解压"。iShares半导体ETF（SOXX）收涨 8.39% ，同样印证了这一点。 个股层面，涨幅榜几乎被存储与设备股包揽：闪迪飙涨 超14% ，美光科技收高 11.66% ，应用材料、Arm Holdings涨超 11% ，迈威尔科技涨超 11% ，英特尔涨 9.27% （美银当日将其评级上调至"买入"亦助其一臂之力），阿斯麦涨超9%，AMD涨 7.97% ，高通涨超6%。美股航空股同样全线大涨——油价下跌直接改善成本预期，联合大陆航空、美国航空涨超9%，西南航空涨超7%，波音涨超6%，美股 航空公司 指数单日升 7.66% 。 油价跳水，金银"反常"同涨 地缘溢价最直观的蒸发口在原油。WTI原油7月合约结算价报 87.71美元/桶 ，当日跌 2.58% ；布伦特8月合约收于 90.38美元/桶 ，跌 2.92% ；油价一度跌破90美元关口，触及4月以来最低水平。特朗普明确暗示"几乎没有意愿升级战争"，霍尔木兹通航预期一旦做实，每日数百万桶的供应中断风险溢...

China’s ports continued to dominate global efficiency rankings in 2025, with seven Chinese trade hubs placing in the top 10, according to a study by the World Bank and S&P Global released on Wednesday. The latest edition of the annual report comes at a time when ports are playing a more vital role in the global economy than ever, as facilities strive to handle intense disruptions to global supply chains amid the aftermath of the Red Sea crisis and the ongoing fallout from the US-Israel war on...

A spate of agreements Nvidia has reached with South Korean companies presents a long-term road map for the country to expand its role in the semiconductor and physical AI industries, observers say. The most significant deal Nvidia CEO Jensen Huang made during his whirlwind three-day trip to Seoul that ended on Sunday was with SK Telecom to build AI infrastructure, including factories. An AI factory is a data centre running an end-to-end operational system that continuously collects and processes...

Jaap2/iStock Unreleased via Getty Images Introduction There are two very hard things to do in investing. The first one is being able to sit idle and do nothing. This is what I am currently doing with semiconductors and memory chip stocks. They were obviously a good trade, and I timed my ratings on Micron ( MU ) and Dell ( DELL ) correctly (to be honest, my estimate that Dell's upside was 50%, while the stock is already up over 200% since then). However, in the past two weeks, I have heard so many people who usually don't talk about the stock market telling me to invest in semiconductors that I have started to think that we might truly be in bubble territory, at least for this industry. In this environment, I usually let my winners go, but I don't chase those winners that I have not included in my portfolio. The second hardest thing is believing in what we see and find in our research process, even when everyone else seems to disagree or even dislike the outcome. This leads us to Adobe ( ADBE ) and its Q2 FY26 earnings report, which is truly a refutation of the AI-disruption narrative that is surrounding the stock. As hard as it is to believe that the stock will come back, especially while we are seeing it drop 6% in after-hours trading right after a clean beat and raise report, we have to make sure we stick to the numbers that Adobe is reporting, quarter after quarter. On these figures, I will share my valuation. Adobe's Q2 FY2026 Earnings Review As 2025 closed, I wrote a highly read article stating that Adobe was "the opportunity", giving a price target of $500 through my DCF that assumed a $9.5B FCF base and a 6% 5-yr CAGR. In March, when the stock was trading at $280, I reiterated the call, saying that as long as I was seeing ARR growth above 10% and healthy operating margins, the road to a recovery would have stayed quite open. The stock is now at $200; if the post-earnings drop is confirmed, it means that we are down roughly 50% from my original call. In the me...

NEW YORK, June 11, 2026 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today announced the results of the June 2026 quarterly rebalance of the Nasdaq-100 Index® (NDX®), which will become effective prior to market open on Monday, June 22, 2026. The following five companies will be added to the Index: Astera Labs, Inc. (Nasdaq: ALAB), CoreWeave, Inc. (Nasdaq: CRWV), Nebius Group N.V. (Nasdaq: NBIS), Rocket Lab Corporation (Nasdaq: RKLB), Teradyne, Inc. (Nasdaq: TER). The following five companies will b

继昨日上线朋友圈搜索功能后，微信又有新技能。 6月11日，据微信派消息，微信聊天可以“合并发图”了。用户发送3张及以上的图片、视频时能看到“发送后合并展示”。发出去的图片支持展开或收起，点一下即可切换形态，此外还可以一键保存“合并展示”的全部内容，或转发给其他朋友。 对于用户来说，最直接的改变在于，所发送的多张图片仅占用单条消息位置，可有效避免以往多图逐条发送、屏幕被连续刷屏的情况。 接收方的体验也会得到明显改善。点击卡片“展开”可完整浏览所有内容，左右滑动即可快速预览全部图片或视频，无需逐张打开，浏览完毕点击“收起”即可。更实用的是，“一键保存”告别了以往逐张保存及转发的繁琐操作。 腾讯客服告诉界面新闻，要体验该功能，建议将微信更新至最新版本，鸿蒙客户端的相关功能仍在开发中。 针对可发送图片的数量问题，腾讯客服表示，微信一次最多可以发送99张图片。至于视频发送限制，目前微信聊天支持发送15秒到60秒的小视频，或从手机相册选择5分钟以内的视频。若视频超过5分钟，系统会自动压缩，建议将大视频通过文件形式发送：在聊天框点击右侧【+】->【文件】->选择手机相册中的视频即可发送。用户也可以尝试压缩视频后再发送，具体效果以实际界面显示为准。 界面新闻注意到，合并发送的内容既可以有图片，也包含视频，要发送质量更高的“原图”，选择相应选项即可。 谈及推出该功能的目的，腾讯客服向界面新闻表示，“合并发送功能旨在提升多人沟通效率，通过消息气泡内统一展示多张图片，支持快速滑动切换查看或展开为单独消息发送。该设计特别适合需要连续展示大量图片的场景，比如拍摄活动合影或分享产品图集等情况。” 不过，目前这项功能暂未设置漏看提醒，腾讯客服建议用户在发送前确认需要展示的图片内容。此外，合并展示仅支持在iOS以及Android客户端使用，电脑端微信暂未开放该功能。也就是说，在手机上合并发送多张图片视频后，电脑端仍按单张或单条视频显示。 该功能在手机端的上线，瞄准了用户长期吐槽的核心场景。此前群聊或单聊中，旅游晒图、工作截图、商品细节图等批量发送行为，常导致聊天界面被 “图片轰炸”，重要信息被淹没，翻找历史记录时更是满屏碎片，效率极低。而合并展示可有效解决这类问题，聊天界面整洁度与信息传递效率同步提升。 除了基础的防刷屏，合并展示功能还提供了社交分享新玩法。例如用户可将活动现场、旅行vlog、产品...

格隆汇6月12日｜据CNN，特朗普今天（美东时间11日）声称美国已经“结束了”与伊朗的战争，此前他宣称双方已同意达成一项“非常强有力的谅解备忘录”以停止战斗。特朗普在一场支持佐治亚州副州长Burt Jones竞选州长的电话集会上说：“我不知道你们有没有听说，但今天我们结束了与伊朗的战争，他们已经同意绝不拥有核武器，这是我们的坚持，也是整个目标所在，占了协议的95%。”特朗普此番言论是在他今天早些时候取消对伊朗进一步打击之后发表的，他在“真实社交”平台上暗示已达成协议，但未详述条款内容。伊朗尚未确认已达成任何协议。

Woodside exercises pre-emptive right to buy 10.67% stake in Browse JV from PetroChina Reuters

格隆汇6月12日｜中金指出，美元流动性扩张的引擎正在经历一场“大切换”。随着通胀从潜伏转向显现、主张缩表的新任美联储主席沃什上任，疫情后由美联储扩表与财政赤字共同驱动的外生货币时代或将步入尾声。与此同时，由AI资本开支驱动的内生货币扩张已然成型——流动性的引擎正从政策端走向实体端。内生货币扩张一方面增强经济韧性、加深通胀粘性，另一方面也推动资金从传统的房地产与消费领域，加速流向回报预期更高的科技前沿。未来，资产表现或继续分化：单纯依赖外生流动性驱动的资产将承受压力，而代表先进生产力方向的资产，则有望在内生货币的扩张中乘势而起。

期货早报：重磅！特朗普称美伊协议近日将签！伦敦银大涨8%，布油跌穿90美元！芝商所拟推全天候黄金原油合约；欧佩克连续第二次下调石油需求增速预期！隔夜今晨，全球都发生了什么？详情>>>

6月11日下午，北京市政府召开常务会议，落实市委工作部署，研究“十五五”时期高精尖产业发展、数字经济发展有关工作等事项。会议强调，“十四五”时期，本市高精尖产业结构持续优化、发展能级不断增强、科技创新优势凸显，各项工作取得积极成效。“十五五”时期要立足北京城市战略定位，努力打造有竞争优势的新质生产力发展格局，加快构建高精尖经济结构、建设体现北京特色的现代化产业体系。持续打造高水平人才高地，促进创新链产业链供应链协同，推动科技创新和产业创新深度融合，夯实高精尖产业发展根基。加快推动新一代信息技术、医药健康等重点产业提质升级，培育人工智能、机器人和智能制造等新兴支柱产业，前瞻布局未来产业。加强产业空间统筹布局，引导重点产业有序集聚，构建区域联动、多点支撑的产业空间格局。（人民财讯）

格隆汇6月12日｜美国住房和城市发展部宣布，暂停向洛杉矶一家主要的无家可归者服务机构拨付联邦资金，称该机构存在明显的欺诈行为。目前洛杉矶有超 4 万人居住在帐篷、车辆及其他临时住所中。美国住房和城市发展部周四发布公告表示，过去五年间，洛杉矶无家可归者服务局累计获得超 10 亿美元公共资金，但当地依旧是全美受毒品问题影响最严重的无家可归者危机重灾区。 联邦部门掌握相关证据，认定该机构财务管理、内控机制及利益冲突防范措施均存在漏洞，纳税人资金的使用安全难以保障。相关资金即刻停拨，等待住房和城市发展部监察长办公室开展调查。

格隆汇6月12日｜华创证券发布研报称，5月份美国CPI继续上行突破4%，预计5月份大概率是本轮美国CPI同比的高点。对美联储而言，鉴于就业市场尚无过热迹象、经济K型分化并未收敛，通胀或见顶回落，只要中长期通胀预期没有脱锚的风险，该行依然认为目前的加息门槛较高，倾向于美联储今年将维持利率不变。对美股而言，如果加息概率较低，就兜住了宏观政策紧缩风险的下限，剩下的就是产业趋势的自身演绎；对美债而言，短端利率主要受政策利率预期影响，目前2年期美债利率约4.1%，若不加息，则下行的胜率可能较大。

格隆汇6月12日｜中信建投发布研报称，24/25年实体药店承压，但销售规模仅下降0.5%及0.6%，意味着该轮调整更多为流量再分配。26年是药店转型调改大年：线下聚焦便利、消费、专业属性，优化产品结构、开展跨业经营，试点效果显著；线上O2O仓店模型落地，与传统药店错位竞争。目前药店估值较低，主要由于市场担心B2C竞争、比价、医保飞检等，该行认为该些因素对投资情绪影响多于实际经营影响。目前多家头部药店股息率超过4%，中长期利润CAGR有望维持在10%以上，叠加调改、并购带来估值修复。

Key PointsHexcel is a long-standing leader in advanced lightweight composite materials with deep ties to the world's largest aircraft manufacturers.

格隆汇6月12日｜6月11日，中国（广东）自由贸易试验区数据出境负面清单首单落地仪式在前海五号楼举行，前海企业——深圳征信服务有限公司成为依托该制度实现数据便利合规出境的首家企业。现场，前海管理局同步发布前海数据跨境线上综合服务平台，为企业提供“路径研判、便捷申报、高效核验”三大核心功能，推动数据跨境便利化措施直达企业、落地见效。今年5月15日，广东省互联网信息办公室、省商务厅、省政务服务和数据管理局联合发布了《中国（广东）自由贸易试验区数据出境管理清单（负面清单）（2025版）》（简称《负面清单》）。该清单是全国范围内首个针对智能装备制造领域和个人征信服务领域的负面清单，并明确数据处理者可自行研判并使用负面清单，事后在15个工作日内向所属区域管理机构报告数据出境情况即可，以“先用后报”的形式减轻企业负担。

格隆汇6月12日｜中信建投研报称，利率中枢下移，理财子权益转型势在必行。理财子权益转型可沿着三阶段发展的路径展开，筑基-成型-成熟三个阶段，逐步提高权益类资产占比，同时构建起双维驱动动态发展的权益类产品转型体系和“核心-卫星”的权益类资产配置策略。2026年前5个月，理财产品拐点已经出现，业绩基准企稳回升、风险指数回升、产品期限溢价开始回升。预计这种趋势将持续，2026年下半年在理财产品拐点确立后，理财子需加快权益转型和多资产多策略产品转型。预计2026年下半年，理财规模增加2-3万亿达到37-38万亿，公募基金和权益类资产（含股票）占比将回升，平均的业绩基准有望继续回升，混合类占比也将提高。

Defence Secretary John Healey's resignation and the start of the World Cup dominate Friday's papers.