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2025-08-01 Friday

2025-08-02

11:30:18

The Nikkei 225 index opened at 40,979.46 points at noon, down 0.22%.

11:28:35

Chile's state-owned copper company said one worker was killed, nine were injured and five were missing at its Andesita mine in the El Teniente mining district after the earthquake.

11:25:38

[The Pentagon's missile contract value for Poland and other countries has increased to $9.5 billion] The Pentagon announced that the contract value for the production of AGM-158 JASSM air-to-surface missiles and AGM-158C LRASM long-range anti-ship missiles has increased to nearly $9.5 billion. The Pentagon's contract list shows that "Lockheed Martin Missiles and Fire Control in Orlando, Florida has been awarded a fixed-price modification contract worth $428,810,8296 within the framework of the previously signed air-to-surface missile (JASSM) and long-range anti-ship missile (LRASM) delivery contract (FA8682-24-C-B001)." The announcement pointed out that the contract value will increase to $948,519,0471, and the delivery targets include Poland, Japan, the Netherlands and Finland.

11:24:11

A chart showing the "pivot points + long and short position signals" for gold, crude oil, foreign exchange, and stock indices on August 1, 2025. Details>

11:23:05

Malaysia says resolution of U.S. tariff issue does not undermine its sovereign rights

11:21:41

[The output of smartphones reached 563 million units in the first half of the year, and the added value of electronic information manufacturing industry above designated size increased by 11.1% year-on-year] In the first half of 2025, the production of my country's electronic information manufacturing industry grew rapidly, exports were stable and improved, efficiency continued to improve, investment declined slightly, and the overall development trend of the industry was good. In the first half of the year, the added value of electronic information manufacturing industry above designated size increased by 11.1% year-on-year, and the growth rate was 4.7 and 1.6 percentage points higher than that of industry and high-tech manufacturing industry in the same period respectively. In June, the added value of electronic information manufacturing industry above designated size increased by 11% year-on-year. Among the main products, the output of mobile phones was 707 million units, a year-on-year decrease of 4.5%, of which the output of smartphones was 563 million units, a year-on-year increase of 0.5%; the output of microcomputer equipment was 166 million units, a year-on-year increase of 5.6%; the output of integrated circuits was 239.5 billion units, a year-on-year increase of 8.7%

11:14:49

Profits from purchased piglet farming in China as of August 1st

Previous : -71.39 Forecast : -

Published Value -116.78

11:14:49

Profits from self-bred and self-raised pig farming in China as of August 1st

Previous : 62.16 Forecast : -

Published Value 43.85

11:14:04

Goldman Sachs: Global credit spreads narrow to their lowest level since 2007, recommending hedging. Goldman Sachs credit strategists recently issued a warning to clients, advising them to hedge their risks. The team noted, "Recent trade agreements between the United States and its trading partners have made the tariff outlook more clear, and investors are willing to overlook near-term economic weakness as long as recession risks remain manageable." However, they also warned against complacency. Global investment-grade corporate bond credit spreads narrowed to 79 basis points on Thursday, the lowest level since July 2007, just before the global financial crisis. Despite the continued narrowing of credit spreads and the S&P 500 hitting a new record high this week, the Federal Reserve has not given clear signals of an impending rate cut, indicating that it still needs more data to confirm that inflation risks are not lingering. Goldman Sachs strategists emphasized, "Sufficient downside risks remain to warrant maintaining some hedges in investors' portfolios. The possibility of further weaker-than-expected economic growth, weakening disinflationary pressures, or renewed concerns about the Fed's independence could trigger a sharp drop in long-term bond yields."

11:10:12

[Thailand's economy is expected to slow in the second half of the year] Pipat Luengnaruemitchai of Bank of America Securities stated that the Thai economy is facing strong headwinds, including a decline in tourism and uncertainty caused by increased US tariffs. Exports and manufacturing output fell month-on-month in June, but rose 0.6% year-on-year. The economist said that the recent strong performance of the manufacturing industry appears to be driven by temporary factors, namely increased electric vehicle production in response to government subsidies and companies exporting in advance of potential tariffs. He also said: "As tourism momentum weakens and these short-term drivers fade, we expect the country's economy to slow significantly in the second half of this year."

11:08:49

South Korea's stock market plunged over 3%, suffering its biggest drop in four months. 1. The Korea Composite Stock Price Index (KOSPI) plummeted 2.95% to 3150.23 points on Friday, falling over 3.7% at one point, its biggest single-day drop since April 7. The market was under pressure from both new US tariffs and revisions to South Korea's domestic tax code, resulting in net foreign sales of 365.6 billion won. 2. US President Trump signed an executive order imposing a 15% tariff on South Korean goods. While lower than the previously threatened 25%, it remains an increase from the current 10%. Meanwhile, the South Korean government plans to cancel several tax cuts, including those on corporate income and stock investment, raising questions about the solution to the "Korea Discount" issue. Kiwoom Securities analysts noted that this move could shake investor confidence in the government's commitment to reform. 3. In terms of sector performance, tech giants Samsung Electronics fell 1.54%, SK Hynix plummeted 5.12%, and battery manufacturer LG Energy Solution fell 1.5%. The steel sector was hit hard, with Posco Holdings plummeting 4.21%. The Korean won exchange rate also weakened, falling 0.46% to 1398.9 against the US dollar, and government bond yields rose across the board, indicating that market risk aversion was heating up. Among the 934 traded stocks, only 42 closed higher at one point, and the market showed a general decline.

11:08:30

[US tariffs may cause Japan's GDP to drop by 0.5%] Regarding the 15% tariff imposed by the United States on Japanese products starting on August 1, Tsunetomo Hitoshi, executive director of the Shizuoka Institute of Economic Research, said that the US tariff measures may cause Japan's GDP to drop by about 0.5%. Tsunetomo Hitoshi also said that the current US practice violates the basic principles of the World Trade Organization. If all countries in the world adopt unilateralism and protectionism, it will exacerbate the fragmentation of the global economic system.

11:05:06

[Swiss franc weakens as Switzerland may be hit hard by US tariffs] The Swiss franc weakened in pre-market trading in Asia as Switzerland may be one of the countries hardest hit by US tariffs. Under US President Trump's new reciprocal tariff executive order, the United States will impose a 39% tariff on Switzerland, despite recent trade negotiations. Chang Wei Liang of DBS Group Research said in a commentary that the Swiss franc may face selling pressure given the risks to Swiss exports to the United States; Swiss exports to the United States are mainly pharmaceuticals. However, the foreign exchange and credit bond strategist also said that trade negotiations between the United States and Switzerland are still continuing and "the market may pay close attention to news about a possible agreement to reduce tariffs."

11:04:12

[International Oil Prices Remain Steady, Amidst the Dual Tensions of Trade Policy and Geopolitical Risks] 1. International oil prices were largely flat in early trading on Friday, with Brent crude down 0.16% to around $71.66 per barrel and WTI down 0.06% to around $69.21 per barrel. Despite weekly gains of 4.9% and 6.4%, respectively, the market is cautiously assessing the potential impact of new US tariffs on global energy demand. US President Trump signed an executive order imposing tariffs ranging from 10% to 41% on dozens of economies, including Canada and India, sparking market concerns about slowing economic growth. 2. Analysts warn that the new tariffs could push up commodity prices and dampen economic activity, thereby weakening oil consumption. This concern partially offsets support from Russian supply risks. The Trump administration has threatened China and India with a 100% secondary tariff if they continue to purchase Russian crude oil. JPMorgan Chase estimates that this move could impact Russia's seaborne exports by 2.75 million barrels per day. Market insiders pointed out that sanctions on Russia, the world's second-largest oil exporter, may lead to a supply gap, but policy implementation faces real challenges. 3. The current oil market presents a clear pattern of bull-bear game: on the one hand, the economic slowdown expectations brought about by the Federal Reserve keeping interest rates unchanged and the impact of tariff policies are bearish; on the other hand, the risk of obstruction of Russian crude oil exports constitutes a strong support. Traders said that in the short term, oil prices may remain volatile, and it is necessary to pay close attention to the performance of US economic data and the evolution of the situation between Russia and Ukraine. The strengthening of any factor may disrupt the current balance.

11:03:58

[National Development and Reform Commission: Will determine the first batch of national zero-carbon park construction lists and provide active support in terms of policy trials and pilot projects] Jiang Yi, director of the Policy Research Office of the National Development and Reform Commission, said at a press conference on August 1 that the next step will be to determine the first batch of national zero-carbon park construction lists based on local recommendations, taking into account factors such as industry representativeness, comprehensive demonstration, and carbon emission reduction potential, and provide active support in terms of policy trials and pilot projects, institutional mechanism innovation, and major project construction. I want to emphasize here that the construction of zero-carbon parks is not a formality, but a highly innovative and challenging systematic project and long-term work; it is not about creating a "policy depression" but about building a "green transformation highland."

11:02:57

RMB SHIBOR (Shanghai Interbank Offered Rate): As of August 1, 2025, the latest data shows that seven periods saw a decrease in interest rates and one period saw an increase. The overnight SHIBOR was at 1.315%, a decrease of 7.7 basis points. The overnight SHIBOR saw the largest change among all periods, decreasing by 7.7 basis points. (For details of SHIBOR and its changes over the past ten business days, see the Huitong FX678 chart.) For other periods, the one-week SHIBOR was at 1.446%, a decrease of 5.1 basis points. The two-week SHIBOR was at 1.553%, an increase of 0.7 basis points. The one-month SHIBOR was at 1.549%, a decrease of 0.1 basis points. The three-month SHIBOR was at 1.563%, a decrease of 0.3 basis points. The six-month SHIBOR was at 1.61%, a decrease of 0.2 basis points. The nine-month SHIBOR was at 1.63%, a decrease of 0.3 basis points. The one-year Shibor was 1.645%, down 0.3 basis points.

11:00:13

[Nikkei 225 Double Short ETF Holdings Hit a New High, Retail Investors' Contrarian Operations Draw Attention] While the Japanese stock market has repeatedly hit record highs, retail investors are increasing their bearish bets, highlighting the market's deep doubts about whether the current rally can continue. This tendency to go against the trend has long been rooted in the behavioral patterns of Japanese retail investors. Some analysts believe that this mentality stems from the long-term impact of decades of yen strength and deflation. Last week, after Japan and the United States reached a tariff agreement, the Topix index hit a record high, recording the largest weekly gain in nearly a year. However, this strong rise has prompted retail traders to prepare for a stock market correction. This week, the Nikkei 225 Double Short ETF's holdings hit a record high, tripling from its mid-April low. Short positions in margin trading also surged to 958 billion yen, the highest level since March last year, more than doubling from its early April low.

10:59:48

The Malaysian Ministry of Trade: Malaysia has a firm stance on various "red lines" and has achieved a 19% tariff rate without compromising national sovereignty. It will continue to work closely with relevant ministries and agencies to find ways to mitigate the impact of tariffs on Malaysian exports.

10:59:32

Statistics Indonesia: The number of foreign tourists arriving in Indonesia in June increased by 18.20% year-on-year

10:57:28

Trump's tariff storm sweeps the world! Goods from 69 countries face tariffs ranging from 10% to 41% Details>

10:56:57

Agricultural Bank of China's A-share stock price hit a record high, up 1.27% to 6.38 yuan, with a total market value of 2177.768 billion yuan.

10:56:43

Malaysia's Ministry of Trade: Malaysia has a firm stance on various "red lines" and has achieved a 19% tariff rate without compromising national sovereignty

10:56:31

Wang Renfei, director of the National Development and Reform Commission's Department of System Reform, stated that in the first half of this year, my country's interprovincial electricity transactions exceeded 670 billion kilowatt-hours. This means that for every four kilowatt-hours of electricity traded in the electricity market, one is generated through interprovincial transactions. (Xinhua Finance)

10:54:09

JEC (300724.SZ), a leading Chinese photovoltaic equipment company, hit its daily limit in early trading on Friday. The company's latest earnings forecast projects first-half net profit of RMB 1.7 billion to 1.96 billion, a significant year-on-year increase of 38.65% to 59.85%. This impressive performance is primarily due to the continued delivery and conversion of the company's backlog of orders, which has significantly increased operating revenue. As a leading domestic supplier of crystalline silicon solar cell equipment, JEC's stock price has risen 4.7% year-to-date. Today's daily limit-up performance highlights the market's positive response to its earnings growth. Industry insiders point out that with the continued expansion of the global photovoltaic industry, equipment manufacturers have high order visibility, and the company, as a leading player in the sector, is expected to continue to benefit. Following the announcement of the earnings forecast, several brokerages immediately raised the company's target price. Analysts generally believe that amid the accelerating global energy transition, demand for photovoltaic equipment will remain strong. JEC, with its technological advantages and market share, is expected to maintain high growth throughout the year. Market attention is turning to the company's upcoming semi-annual report details and new orders.

10:53:36

Thailand's Finance Minister: GDP growth expected to be 3% in the second quarter

10:52:50

Statistics Indonesia: Rice production for the January-June period was 19.16 million tons, and rice production for the July-September period was estimated at 9.08 million tons.

10:52:40

[An optimized version of the 12306 railway student ticket reservation service has been launched today] Starting August 1st, the 12306 railway app will continue to offer a student ticket reservation service. According to the "China State Railway Group Co., Ltd. Railway Passenger Transport Regulations," eligible current and incoming students can purchase tickets through this service. Eligible student passengers can submit reservation requests between the 20th and 17th days before departure. A single account can submit up to three simultaneous orders, each for five "train number + seat class" combinations covering one travel date. Available seat options include hard seats, hard sleepers, and second-class seats, all available for student discount tickets. (CCTV News)

10:49:31

Shanghai: Launches "Computing Pujiang" 2025 Special Action Plan for High-Quality Development of Computing Infrastructure. Today, the Shanghai Municipal Communications Administration issued a notice regarding the launch of the "Computing Pujiang" 2025 Special Action Plan for High-Quality Development of Computing Infrastructure. Among other things, the plan includes continuously optimizing the layout of computing centers. Construction of computing centers with established energy consumption targets will be accelerated. By the end of 2025, at least five large-scale or larger computing centers will be built this year, and the city's computing centers will strive to achieve an intelligent computing capacity of over 100 EFLOPS (FP16). At least five edge intelligent computing node construction cases will be completed in industrial parks, research institutes, and universities. Proposed computing centers should strengthen coordination with the city's power planning and layout. Computing center planning and design plans should include a feasible external power connection plan. Computing center construction should be planned, commenced, and accepted simultaneously with external power connection projects to ensure timely completion and connection to the basic telecommunications enterprise network. The proportion of advanced storage capacity in computing centers will continue to increase, with the goal of achieving over 30% of the city's computing centers by the end of 2025. Explore the "storage and computing separation" model for the deployment of storage and computing resources within metropolitan areas over 100 kilometers, and promote the mutual compatibility and efficient connection between storage resources and intelligent computing multi-cloud container platforms.

10:49:14

[National Development and Reform Commission: Accelerate the revision of the Price Law to guide enterprises to set prices scientifically and rationally] On August 1, Jiang Yi, director of the Policy Research Office of the National Development and Reform Commission, stated that the National Development and Reform Commission will accelerate the revision of the Price Law, and the relevant draft amendment is currently being solicited for public opinion. In the next step, the National Development and Reform Commission will adhere to the law and regulations, comprehensively rectify low-price disorderly competition, clarify governance measures, guide enterprises to set prices scientifically and rationally, and effectively regulate market price order.

10:48:50

[National Development and Reform Commission: Encourage Private Enterprises to Participate More in Major National Projects] Zhou Chen, Director of the National Economic Comprehensive Department of the National Development and Reform Commission, stated that the NDRC will soon approve the establishment and deployment of new policy-based financial instruments to encourage greater participation of private enterprises in major national projects. The nuclear power sector will be further opened up to allow private enterprises to participate. Furthermore, the NDRC will improve pricing mechanisms in areas such as transportation and energy to enhance investment returns. (Xinhua Finance)

10:48:21

[National Development and Reform Commission: Vigorously promote the large-scale commercial application of artificial intelligence] Jiang Yi, director of the Policy Research Office and spokesperson of the National Development and Reform Commission, introduced at a press conference on the 1st that the "Opinions on Deepening the Implementation of the "Artificial Intelligence +" Action" was reviewed and approved by the State Council Executive Meeting yesterday. In the next step, the National Development and Reform Commission will work with relevant parties to focus on giving the market direction and confidence, focusing on pragmatism and effectiveness, and deeply implementing the "Artificial Intelligence +" action. On the one hand, vigorously promote the large-scale commercial application of artificial intelligence, give full play to my country's advantages such as a complete industrial system, large market scale, and rich application scenarios, promote the accelerated popularization and deep integration of artificial intelligence in various fields of economic and social development, and form a virtuous cycle of innovation-driven application and application-driven innovation. On the other hand, focus on optimizing the artificial intelligence innovation ecosystem, increase policy support, consolidate the foundation of computing power, algorithms, data, open source, talents, security, etc., and accelerate the formation of a dynamic, agile, and diversified collaborative artificial intelligence governance pattern to better support the implementation of technology and the development and growth of the industry. (National Express)

10:45:34

Jiang Yi, director of the Policy Research Office of the National Development and Reform Commission, stated that the nation's peak electricity load has hit record highs four times in a row this year, reaching a peak of 1.508 billion kilowatts, an increase of 57 million kilowatts from last year's peak, equivalent to the electricity load of Fujian Province. (Xinhua Finance)

10:43:39

Thailand's Finance Minister: I believe transit trade will drop significantly

10:43:24

[South Korea's special prosecutor's team failed to execute an arrest warrant against former President Yoon Seok-yeol] South Korea's special prosecutor's team, charged with investigating former First Lady Kim Gun-hee, arrived at the Seoul Detention Center on August 1st to execute an arrest warrant against former President Yoon Seok-yeol. However, the arrest attempt failed due to Yoon's refusal. Kim Gun-hee's special prosecutor's team, including prosecutors and investigators, arrived at the Seoul Detention Center around 9 a.m. local time on the 1st. They initially attempted to persuade Yoon Seok-yeol to voluntarily leave the holding cell, but Yoon refused. Detention center guards subsequently attempted to take coercive measures against Yoon Seok-yeol, but were unsuccessful. (CCTV)

10:43:00

Gold Prices Stable but Expected to End the Week Lower, Stronger US Dollar Suppresses Precious Metals' Performance. 1. Spot gold held steady at $3,287.86 per ounce in early trading on Friday, down 1.4% for the week and on track for its first weekly decline in three weeks. Market analysis shows that the US dollar index climbed to near a two-month high, dampening gold's appeal, while investors closely watched the upcoming US non-farm payroll data for new trading cues. 2. The US dollar index edged up 0.05%, extending its overnight gains. US President Trump signed an executive order Thursday evening, imposing tariffs ranging from 10% to 41% on goods from dozens of trading partners. Among them, tariffs on Canadian goods were raised from 25% to 35%, while Mexico was granted a 90-day tariff exemption. This trade policy change boosted the US dollar, making dollar-denominated gold more expensive for overseas buyers. 3. Market sentiment was further dampened, with Asian stock markets generally lower. Investors worried that the new round of tariffs could escalate global trade tensions, but there was no significant safe-haven inflow into the gold market. At the same time, holdings of the SPDR Gold Trust, the world's largest gold ETF, fell slightly by 0.09%, reflecting a weakening of market demand for gold. 4. Market focus is now turning to the U.S. non-farm payroll report, which will be released in the evening of Beijing time. After the Federal Reserve kept interest rates unchanged this week, labor market data will become a key indicator for determining the Fed's next policy direction. Traders said that strong employment data could further push up the dollar and increase downward pressure on gold; otherwise, it could provide short-term support for gold prices.

10:41:29

[National cross-regional power transmission reaches a record high of 148 million kilowatts] On August 1, Jiang Yi, director of the Policy Research Office of the National Development and Reform Commission, said that the national peak power load has hit a record high for four consecutive times this year. The National Development and Reform Commission, together with local governments and key enterprises, has made early arrangements and taken a series of effective measures. In terms of cross-regional coordination, the national cross-regional power transmission reached a record high of 148 million kilowatts, setting a new record.

10:40:43

Cambodia's Deputy Prime Minister: The previous US tariff rate could have caused the collapse of Cambodia's garment industry. The 19% tariff rate allows Cambodia to maintain its advantage in competition with other countries. The US tariff rate is comparable to that of neighboring countries, protecting the garment manufacturing industry and its nearly 1 million workers. He thanked Trump for his "noble intervention" in the Thai-Cambodian conflict.

10:39:36

[National Development and Reform Commission: Will Increase Efforts to Promote Private Capital in Transportation, Energy, Water Conservancy and Other Fields] Wang Renfei, Director of the Department of Institutional Reform of the National Development and Reform Commission, stated on August 1 that the Commission will review the experience of attracting private capital to the nuclear power sector and increase efforts to promote private capital in transportation, energy, water conservancy and other fields to promote the development and growth of the private economy. (Xinhua Finance)

10:39:16

[Meituan: Calling on the industry to jointly build a good ecology to promote the standardized, healthy and sustainable development of the catering service industry] Meituan’s official Weibo account posted today that the subsidies for food delivery platforms have recently aroused great public concern. Meituan attaches great importance to this and will resolutely standardize promotional activities, eliminate unfair competition, promote the establishment of a fair and orderly industry order, and promote mutual benefit and win-win results for all parties. Meituan promised to start from itself and actively call on the industry to jointly build a good ecology to promote the standardized, healthy and sustainable development of the catering service industry. Meituan stated that it will strictly abide by relevant laws and regulations when carrying out subsidy activities, and will not force or covertly force merchants to participate in subsidy activities, and will effectively protect merchants' independent pricing rights.

10:38:36

Thailand's Ministry of Finance: Will purchase about 100 aircraft from the United States

10:38:05

Marubeni CFO: Large fluctuations in U.S. copper prices have no impact on our copper business

10:37:34

Indonesia's core CPI annual rate in July

Previous : 2.37% Forecast : 2.37%

Published Value 2.32%

10:37:29

[National Development and Reform Commission: Resolutely Implement the Strategy of Expanding Domestic Demand and Resolutely Promote High-Level Scientific and Technological Self-reliance] Jiang Yi, Director of the Policy Research Office and Spokesperson of the National Development and Reform Commission (NDRC), stated that the Political Bureau of the CPC Central Committee held a meeting on July 30th to make comprehensive arrangements for the next steps in economic work. The NDRC will resolutely implement these arrangements and strive to achieve the expected goals for economic and social development for the whole year and the tasks of the 14th Five-Year Plan, laying the foundation for a good start to the 15th Five-Year Plan. On the one hand, we will continue to exert efforts and strengthen the timely implementation of the various policy measures that have been deployed, unswervingly implement the strategy of expanding domestic demand, unswervingly promote high-level scientific and technological self-reliance, deepen reform and opening up, and intensify efforts to build a unified national market. In particular, we will continue to promote the implementation of a number of measures to stabilize employment and the economy, maintain policy continuity and stability, enhance flexibility and foresight, transform external pressure into endogenous driving force, and stabilize the overall economy. On the other hand, we will strengthen economic monitoring, forecasting and early warning, conduct policy pre-research and reserve on a regular basis, continuously improve the policy toolbox for stabilizing employment and expanding domestic demand, and launch them in a timely manner according to changes in the external environment. We will coordinate policy and work connections between this year and next, focus on stabilizing employment, stabilizing enterprises, stabilizing the market, and stabilizing expectations, and strive to achieve an optimal combination of a reasonable rebound in the price level, overall social employment stability, and economic growth.

10:35:51

[National Development and Reform Commission: The ratio of total social logistics costs to GDP fell to 14% in the first half of the year] Jiang Yi, Director of the Policy Research Office and Spokesperson of the National Development and Reform Commission: The work of reducing logistics costs across society has achieved phased results. In the first half of the year, the ratio of total social logistics costs to GDP fell to 14%, down 0.1 and 0.2 percentage points from the first quarter and the same period last year respectively, reaching the lowest level since statistics began, saving more than 130 billion yuan in logistics costs across society.

10:34:30

GCL Technology (3800.HK) surged 3.4% in early trading on Friday. The company announced that major Chinese polysilicon producers are discussing the establishment of a 50 billion yuan (approximately US$7 billion) industry fund to acquire and eliminate approximately one-third of outdated production capacity to promote industry consolidation. The market generally believes this move will alleviate the overcapacity problem that has long plagued the industry and drive a rebound in polysilicon prices. According to Bernreuter Research, China's total polysilicon production capacity will reach 3.25 million tons by the end of 2024, meaning the plan could result in the withdrawal of approximately 38% of this capacity. In response to this news, both spot and futures polysilicon prices saw a significant increase, reflecting market optimism about improving supply and demand. The photovoltaic industry has been mired in price wars in recent years, with low-price competition putting pressure on corporate profits. As the 14th Five-Year Plan enters its final year, government regulatory policies have shifted significantly, from market-driven to direct intervention in industry restructuring. It is reported that relevant departments have been working with upstream silicon material companies to study specific plans for acquiring excess production capacity, aiming to accelerate industry clearance and lay the foundation for industrial upgrading during the "15th Five-Year Plan" period. 4. Analysts pointed out that if this capacity integration is successfully implemented, industry concentration will increase significantly, and the market voice of leading companies is expected to be further strengthened. As an industry leader, GCL Technology's leading position in technology reserves and scale advantages may be consolidated in the new round of industry reshuffle.

10:34:21

【Short-term operation suggestion for US crude oil: fluctuate upward, buy on dips】 (1) Analysis reason: Due to the supply-side concerns and the recovery of market risk appetite, oil prices rebounded, while the downward trend in medium-term demand and the uncertainty of global trade limited the rise in oil prices. The short-term technical level will maintain a fluctuating upward trend, waiting for confirmation of the retracement, and continue to pay attention to changes in the geopolitical situation. (2) Key focus: Geopolitical situation, global trade sentiment, EIA inventory data (3) Resistance: 70.00, 70.80, 71.00 (4) Support: 68.60, 68.00, 67.50

10:34:19

【Spot gold short-term operation suggestion: volatile downward trend, short selling at highs】 (1) Analysis reasons: The US dollar index maintains a bullish trend, market risk appetite recovers, putting pressure on gold prices, while the Fed's interest rate cut expectations slow down, which is not conducive to the strengthening of gold prices. The overall structure is bearish. If the US dollar breaks further upward, the possibility of gold prices opening up room for adjustment cannot be ruled out, waiting for the confirmation of the lower edge of the box support (2) Focus: risk aversion, US dollar index, US Treasury yields, global trade sentiment (3) Resistance: 3305, 3330, 3350 (4) Support: 3270, 3250, 3230;

10:33:22

[National Development and Reform Commission: Research and formulate an action plan to further promote the construction of a unified national market] On August 1, Wang Renfei, director of the Comprehensive Department of System Reform of the National Development and Reform Commission, said that the construction of a unified national market has achieved remarkable results. From January to April, the proportion of inter-provincial trade sales in the country's total sales revenue was 40.4%, an increase of 0.6 percentage points over the same period last year. In the next step, the National Development and Reform Commission will play a leading role in researching and formulating an action plan to further promote the construction of a unified national market.

10:32:11

Japanese Economy, Trade and Industry Minister Yoji Muto: Details of Trump's tariffs need to be carefully evaluated

10:31:56

Australian minister confirms US tariffs will remain at 10%

10:31:46

[Fitch: Upgrades outlook for most Chinese mid-sized banks to "positive" as risk profile improves] Rating agency Fitch expects the operating environment of Chinese mid-sized banks to be generally stable, with a gradually declining risk appetite. If their risk appetite continues to decline, it will help reduce their inherent credit risk and strengthen capital buffers. These factors, combined with stricter non-performing loan recognition standards and proactive NPL disposal measures, are expected to enhance the resilience of medium-sized banks throughout the economic cycle. Fitch has adjusted the risk profile and asset quality rating outlook of most rated Chinese mid-sized banks from "stable" to "positive." Fitch points out that moderate and more efficient credit growth should also help maintain the stability of the banking system's leverage ratio in the medium to long term, supporting the bbb-/stable operating environment rating of Chinese banks.

10:31:11

The Nikkei 225 index closed at 40,914.66 points this morning, down 0.38%.

10:31:00

Thailand's Ministry of Finance: Will open up US pork imports, but will account for less than 1%

10:30:11

The main liquefied petroleum gas futures fell by 2.02% to 3974 yuan/ton

10:29:30

Indonesia's annual CPI rate in July

Previous : 1.87% Forecast : 2.25%

Published Value 2.37%

10:29:28

Indonesia's CPI monthly rate for July

Previous : 0.19% Forecast : 0.21%

Published Value 0.30%

10:29:20

Thailand may open “very small” market access to U.S. pork imports

10:28:51

South Africa urgently establishes export consultation platform to help businesses cope with US tariffs. On July 31st, local time, the South African Department of Trade, Industry and Competition issued a statement stating that in response to the 30% US tariff on all South African goods, excluding some minerals, effective August 1st, South Africa has initiated emergency measures to provide a consulting service platform for exporters affected by the tariffs, offering market guidance and encouraging them to explore diversified markets. The statement noted that this tariff increase poses a direct threat to South Africa's export capacity, particularly in key sectors such as automotive, agriculture, and steel. (CCTV News)

10:28:28

The non-farm payrolls storm is coming! The US dollar is on fire, but the yen's nightmare continues? The 150 mark has been broken! Details>

10:27:05

[National Development and Reform Commission: Govern the disorderly competition among enterprises and solidly carry out the cleanup and rectification of market access barriers] On August 1, Wang Renfei, Director of the Comprehensive Department of System Reform of the National Development and Reform Commission, said that around the construction of a unified national market, the National Development and Reform Commission will deepen the reform of market-oriented allocation of factors, improve the national unified power market system, cultivate a national integrated data market, and jointly promote the construction of a unified and open transportation market. At the same time, the National Development and Reform Commission will govern the disorderly competition among enterprises in accordance with laws and regulations, promote the management of production capacity in key industries, standardize bidding, strengthen the fairness review of bidding results, standardize local investment promotion behavior, strengthen the disclosure of investment promotion information, and solidly carry out the cleanup and rectification of market access barriers.

10:24:19

Japan's 218th extraordinary session of the Diet officially opened on August 1st local time. Liberal Democratic Party member Shoichi Sekiguchi was elected President of the House of Councillors. (CCTV)

10:21:58

[National Development and Reform Commission: Regular policy pre-research and preparation will be launched in a timely manner based on actual needs] Zhou Chen, Director of the National Economic Comprehensive Department of the National Development and Reform Commission (NDRC), stated at a press conference held by the NDRC on August 1 that the economy demonstrated strong resilience in the first half of the year. Domestic demand contributed 68.8% to GDP growth, continuing to play a role as a growth driver. Foreign trade imports and exports showed strong resilience, the equipment manufacturing industry continued to play a ballast role, and the modern service industry accelerated its development. Going forward, the NDRC will continue to promote the implementation of a number of measures to stabilize employment and the economy, maintain policy continuity and stability, enhance flexibility and foresight, transform external pressure into internal driving force, and stabilize the overall economic situation. Furthermore, the NDRC will strengthen economic monitoring, forecasting, and early warning, regularly conduct policy pre-research and preparation, and continuously improve the policy toolbox for stabilizing employment and expanding domestic demand. These measures will be promoted based on actual needs, and the coordinated policy and work coordination between this year and next will focus on stabilizing employment, stabilizing business and market expectations, and striving to achieve a reasonable recovery in the price level, overall social employment stability, and optimized economic growth.

10:20:56

[Beijing's housing "pension money" exceeds 100 billion yuan] According to the Beijing Housing Provident Fund Management Center, as of the end of June this year, the number of Beijing's special housing maintenance fund accounts exceeded 5.04 million, and the cumulative collection amount exceeded 100 billion yuan for the first time, reaching 100.149 billion yuan. Since the beginning of this year, Beijing's special housing maintenance funds have continued to maintain a steady growth trend. Data shows that as of the end of June, the city had 5.041 million maintenance fund accounts, a year-on-year increase of 5.74%; the cumulative collection amount was 100.149 billion yuan, a year-on-year increase of 4.9%; the current account balance was 84.018 billion yuan, a year-on-year increase of 4.39%

10:20:14

White House press secretary Carolyn Levitt said US Middle East envoy Steven Witkoff and US Ambassador to Israel Mike Huckabee will travel to the Gaza Strip on Friday

10:17:31

[The military information sector bottomed out and rebounded, with Zhanpeng Technology hitting the daily limit] The military information sector rose in the short term, with Zhanpeng Technology hitting the daily limit. Guanxiang Technology, Huaru Technology, China Haifang, Aerospace Hongtu, Mengsheng Electronics, etc. all rose

10:17:14

Jiang Yi, director of the Policy Research Office of the National Development and Reform Commission, stated on the 1st that there is currently a strong demand for the application of artificial intelligence in all sectors of society, and that we are in a critical window of opportunity for the implementation of artificial intelligence applications. (Xinhua Finance)

10:15:35

Indonesia's trade balance in June

Previous : 43 Forecast : 34.50

Published Value 41.10

10:15:13

Indonesia's annual rate of imports in June

Previous : 4.14% Forecast : 6.50%

Published Value 4.28%

10:15:11

Indonesia's trade balance in June

Previous : 43 Forecast : 34.50

Published Value 41.10

10:14:39

Trump: (Regarding Gaza) We need to make sure people have food to eat

10:12:21

El Salvador's Congress approved constitutional reforms that will allow the president to be re-elected indefinitely and extend the presidential term from five to six years.

10:12:04

Trump said he was willing to discuss tariffs further with Canada and might even speak with Canadian Prime Minister Mark Carney on Thursday evening.

10:11:49

According to NBC News: Trump said his new high tariffs are "going very well, very well," but he is open to making more deals

10:10:52

Statistics Indonesia: Exports of crude and refined palm oil reached 11 million tons in the first six months of the year

10:08:59

[National Development and Reform Commission: Fourth batch of 69 billion yuan in consumer goods trade-in funds to be distributed in October] Jiang Yi, director of the Policy Research Office of the National Development and Reform Commission, announced on the 1st that the third batch of 69 billion yuan in ultra-long-term special treasury bonds supporting the old-for-new consumer goods trade-in program has been distributed, and the fourth batch of 69 billion yuan will be distributed as planned in October. (Xinhua Finance)

10:06:25

Vale: Strong performance again delivered in the second quarter of 2025 Details>

10:06:20

Indonesia's annual export rate in June

Previous : 9.68% Forecast : 10.41%

Published Value 11.29%

10:05:38

[Trump's reciprocal tariffs take effect one week later, to August 7] On Thursday evening, local time, U.S. President Trump signed an executive order to impose tariffs ranging from 15% to 41% on goods exported to the United States from 67 trading partners, raising the tariff level to the highest level in more than a century. However, the new tariffs will not take effect until August 7, instead of August 1 as before, which gives countries another window to try to lower tariffs through negotiations. A senior government official said, "This is historic, this is a new trade system, this is what I call the Trump round of negotiations." White House officials said Thursday evening that they hope to reach more agreements with various countries before the new tariff implementation date of August 7.

10:04:16

CDC excludes experts from panel setting vaccine policy

10:04:08

[Smart Expo Concludes, Over 150 Technology Companies Participated] According to the Suzhou Industrial Park, the 2025 Artificial Intelligence Product Application Expo concluded at the Suzhou International Expo Center on July 30. More than 150 technology companies participated in the expo, focusing on key application scenarios such as AI+manufacturing, AI+medical care, AI+transportation, and AI+education. Over 1,000 products were exhibited in segments such as embodied intelligence, low-altitude economy, and large models. Twenty-one companies released over 30 new products. The "Black Technology Space Station" brought together high-tech products, integrating display and sales, attracting 20,000 on-site visitors, and the live broadcast of the exhibition attracted over 70,000 online viewers.

10:03:26

Alert! Is the worst non-farm payroll report of 2025 coming soon? The risk of a short-term dollar correction is increasing. Details>

10:02:30

Xiaomi Group Chairman Lei Jun: In July, Xiaomi Auto delivered more than 30,000 units

10:02:20

[U.S. Trade Representative issues statement on Trump's vision for a new international trade system] U.S. Trade Representative Jamison Greer issued a statement saying that President Trump had previously issued an executive order to modify the reciprocal tariff rates of certain trading partners to further address the national emergency caused by the United States' huge and persistent annual merchandise trade deficit. This new trading system will reduce the U.S. trade deficit and bring better results for American workers, their families and communities. In the coming weeks, this new system will begin to take shape as the Trump administration works with trading partners on the path of shared prosperity.

09:56:57

The main contract of polysilicon futures rose in the short term, and the decline has narrowed to 1%. It had previously fallen by more than 4%. On the news front, the Ministry of Industry and Information Technology issued the "Notice on the List of Special Energy Conservation Supervision Tasks for the Polysilicon Industry in 2025".

09:56:41

[New Zealand wants to persuade Trump to cut 15% new tariffs] New Zealand's trade minister said New Zealand will push Trump to reduce the 15% tariffs on US exports. "We will make the case for why this should not happen and engage with US officials very quickly to clarify this and seek changes." Late Thursday, the White House announced a series of new tariffs in Washington. US officials said that countries with a trade surplus with the United States must pay at least 15% tariffs.

09:53:43

Trump: Senate must remain in session and not adjourn until the entire executive schedule is clear

09:53:20

Applications for Hong Kong Stablecoin Licenses Underway! First Batch of Note-Issuing Banks Expected to Be First] On August 1st, Hong Kong's Stablecoin Ordinance officially came into effect. The Hong Kong Monetary Authority recently issued a series of supporting guidelines, including the "Guidelines for the Supervision of Licensed Stablecoin Issuers," clarifying the application requirements for issuer licenses, including financial requirements, personnel qualifications, reserve assets, custody and redemption requirements, jurisdiction, and transitional arrangements. Securities China reporters learned that Hong Kong note-issuing banks, such as Bank of China (Hong Kong) and Standard Chartered Bank (Hong Kong), are essential players in this application process. Whether driven by their own development needs or regulatory impetus, they are likely to be the first to apply for stablecoin issuer licenses. Furthermore, Chinese banks, sandbox testing companies, large state-owned enterprises, and internet giants with payment licenses are also eager to apply. Initially, securities firms will focus on stablecoin trading, custody, financing, and consulting, as well as providing digital asset allocation services related to the tokenization of traditional assets. Currently, 44 institutions, including securities firms, have upgraded their virtual asset trading licenses, an increase of three since the end of June. (Securities China)

09:52:48

[Australian house price outlook optimistic, boosted by expectations of interest rate cuts] Australian house prices rose for the sixth consecutive month in July, boosted by continued market speculation that the Reserve Bank of Australia will further cut interest rates in the second half of this year. Data from real estate research firm Cotality showed that the house price index rose 0.6% month-on-month in July, with the strongest increases in Brisbane, Perth and Adelaide. Cotality said that market conditions indicate that house prices will continue to rise for the rest of 2025 and throughout 2026. The report said that given that two to three more interest rate cuts are expected in this easing cycle, it is difficult not to be optimistic about the outlook for the next 18 months. After the second quarter inflation data released on Wednesday showed that inflationary pressures appeared to be under control, financial markets expect the Reserve Bank of Australia to cut interest rates for the third time this year at its policy meeting in a few weeks.

09:52:37

USD/CNH just broke through the 7.2200 mark and was last at 7.2201, up 0.16% on the day. USD/CNH was last at 7.2098, up 0.13% on the day.

09:47:25

Trump's tariffs hit on August 1st: How much have South Korea, Japan, and the EU paid in "protection fees"? Did the money earned in previous years go to waste? Details>

09:46:22

[Two departments: The price of natural gas pipeline transportation within the province should implement a unified pricing model] The National Development and Reform Commission and the National Energy Administration issued the "Guiding Opinions on Improving the Price Mechanism of Natural Gas Pipeline Transportation within the Province to Promote High-Quality Development of the Industry". It is mentioned that the price of natural gas pipeline transportation within the province should implement a unified pricing model, transitioning from "one price per line" and "one price per enterprise" to regional pricing or a unified price across the province, to achieve effective connection with the inter-provincial natural gas pipeline transportation price mechanism and help form a "national network". During the transition period, methods such as setting benchmark prices can be adopted to guide pipeline operating companies to survive the fittest, integrate resources, and improve the efficiency of pipeline network operation.

09:45:01

China's Caixin Manufacturing PMI for July

Previous : 50.40 Forecast : 50.40

金银石油

Published Value 49.50

09:44:30

Overview of the Hong Kong Interbank Offered Rate (CNY HIBOR) and its changes: According to Huitong Finance, the interest rate changes of each period of CNY HIBOR on August 1, 2025 are shown in the table: the interest rate of 1 period increased, the interest rate of 5 periods decreased, and the interest rate of 3 periods remained unchanged. Among them, the largest change was the 2-week interest rate of CNY hibor: a decrease of 19 basis points. As the updated data in the figure shows, the overnight onshore RMB HIBOR was reported at 1.08%, up 11 basis points; 1 week was reported at 1.28%, down 18 basis points, 2 weeks was reported at 1.33%, down 19 basis points, 1 month was reported at 1.59%, down 3 basis points, 2 months was reported at 1.65%, down 3 basis points, 3 months was reported at 1.72%, down 1 basis point, 6 months was reported at 1.79%, unchanged, 9 months was reported at 1.80%, unchanged, and 1-year onshore RMB HIBOR was reported at 1.82%, unchanged. BP=basis point

09:43:45

[South Korean stock market hit by tax increase proposal, Seoul Composite Index fell more than 3%] South Korea's benchmark stock index recorded its biggest drop since early April, with SK Hynix and Hanwha Aerospace falling the most. The South Korean government previously proposed to increase taxes on companies and stock investors to boost fiscal revenue. According to a proposal released by the South Korean Ministry of Finance on Thursday, the capital gains tax threshold for stock holdings will be reduced from 5 billion won to 1 billion won, and the stock transaction tax will be raised from 0.15% to 0.2%. According to the proposal, the top corporate tax rate will be raised from 24% to 25%, reversing the tax cuts of the previous government. The corporate tax rate will be increased by 1 percentage point at all levels. Timefolio said that with the reduction in the capital gains tax threshold, the number of taxable investors will increase significantly, so the stock market may see a sell-off.

09:42:14

[The wildfire in Grand Canyon National Park continues to rage, and a huge "pyrocumulus cloud" rises in the sky] According to a report by CBS on July 31st local time, the wildfire in the Grand Canyon National Park area in Arizona, USA, is still raging. According to fire officials, as of the morning of the 31st, only 4% of the fire boundary was under control, and the burned area exceeded 105,000 acres (about 425 square kilometers). The report also said that a time-lapse video shot on the 29th local time showed that the smoke from the wildfire formed a huge "pyrocumulus cloud" near the Grand Canyon. A local emergency management team shared the video on social media and explained that "these clouds can be extremely powerful. In some cases, they can trigger storms, lightning, and even tornadoes." It is reported that "pyrocumulus clouds" are formed by atmospheric convection triggered by heat generated by activities such as wildfires. The team also warned that this phenomenon may also spread smoke to nearby areas. Inhaling wildfire smoke may pose serious health risks. Residents in areas with poor air quality are advised to stay indoors and consider wearing N95 masks if they need to go out.

09:40:40

Crude oil trading reminder: Supply-side concerns support oil prices, and they are expected to continue to rise after a short-term pullback. Details>

09:39:44

World Gold Council: Gold demand surges to a new record of $132 billion in the second quarter of 2025 Details>

09:37:39

Zhiji Auto: July deliveries reached 7,027 units

09:36:19

[Pentagon: Will produce AMRAAM missiles with a total value of $3.5 billion for Ukraine and other countries] The Pentagon announced that it has signed a contract with Raytheon Technologies, a company engaged in aviation manufacturing and defense industry, to produce AMRAAM medium-range missiles with a total value of $3.5 billion for Ukraine and other countries. The Pentagon announcement pointed out: "Congratulations to Raytheon Technologies of Tucson, Arizona for signing a hard fixed price and incentive indefinite contract with a total value of no more than $3.5 billion to produce improved air-to-air medium-range missiles (AMRAAM)." According to the contract, in addition to Ukraine, these missiles will also be delivered to Denmark, Belgium, Japan, the Netherlands, Canada, Finland, Germany, Hungary, Spain, Poland, Sweden, Lithuania, the United Kingdom, Australia, Switzerland, Israel and Kuwait.

09:34:51

[Liquid-cooled server concept continues to be strong, Sichuan Run shares 2 consecutive boards] Liquid-cooled server concept continues to be strong in the morning, Sichuan Run shares 2 consecutive boards, Dayuan Pump Industry hits the daily limit, Kexinyuan, Chunzhong Technology, Yingwei, Kangsheng shares and others follow suit

11

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Real-Time Popular Commodities

Instrument	Current Price	Change
XAU	3363.16	73.24 (2.23%)
XAG	37.003	0.319 (0.87%)
CONC	67.26	-2.00 (-2.89%)
OILC	69.48	-2.30 (-3.20%)
USD	98.678	-1.389 (-1.39%)
EURUSD	1.1594	0.0001 (0.01%)
GBPUSD	1.3282	-0.0001 (-0.00%)
USDCNH	7.1909	-0.0006 (-0.01%)

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