2025-09-15 Monday
2025-09-19
16:34:19
Hong Kong's three major indices all closed higher today, with market sentiment remaining buoyant. The Hang Seng Tech Index rose as much as 1.5% intraday, reaching a new high, before closing up 0.91%. The Hang Seng Index and the China Enterprises Index saw slight gains of 0.22% and 0.21%, respectively. Southbound capital inflows reached a net HK$10 billion, significantly increasing market activity. Large-cap tech stocks were mostly in the green, with Alibaba up 2.32%, Xiaomi and NetEase up nearly 2%, Kuaishou up 1%, and Meituan up 0.83%. JD.com and Tencent closed flat, while Baidu bucked the trend and fell 2.43%. The lithium battery sector performed strongly throughout the day, with leading company CATL surging over 7% and hitting a record high. Chaowei Power, Ganfeng Lithium, AVIC Innovation, and Tianqi Lithium all rose over 2%. ⑶ Biotech stocks surged in the late trading session, with Yaojie Ankang performing the best with a single-day surge of 115.58%. Clover Biopharmaceuticals, WuXi Biologics, and Zhaoyan Pharmaceutical also saw strong gains. In addition, sectors such as automobiles, coal, new consumption, robotics, and ports and shipping also strengthened. On the downside, film and television stocks and paper stocks led the decline, while catering, heavy machinery, Chinese securities companies, and domestic real estate stocks mostly performed poorly. More than 20 stocks in the entire market fell by more than 10% on the day, and the market differentiation was obvious.
16:32:27
Hong Kong's PPI year-on-year rate for the second quarter - unadjusted seasonally
Previous
:
4.80%
Forecast
:
-
Published Value
4%
Previous
16:30:23
Lao Feng Xiang's subsidiaries are investing in the gold industry chain and luxury goods market. (1) Lao Feng Xiang announced that its controlling subsidiary, Lao Feng Xiang Jewelry Research Institute, plans to jointly invest 50 million yuan with Cuilv Holdings and Shanghai Xinpai to establish Shanghai Lao Feng Xiang Fine Materials Technology Development Co., Ltd. (tentative name). (2) The three parties will hold 70%, 15%, and 15% stakes, respectively. The total investment in the project is expected to be no more than 215 million yuan, with some funds to be financed through debt financing. (3) The project aims to improve the gold industry chain, enhance product value-added, and strengthen supply chain autonomy. (4) On the same day, Lao Feng Xiang Jewelry Research Institute decided to increase its registered capital from 16.15 million yuan to 50 million yuan by converting 33.85 million yuan of surplus reserves. (5) This capital increase aims to facilitate the subsidiary's application to the Shanghai Gold Exchange for gold refining status, allowing it to engage in scrap gold recycling and other businesses. (6) Lao Feng Xiang also announced that its controlling subsidiary, Shanghai Lao Feng Xiang Co., Ltd., and Lao Feng Xiang Diamond Processing Center plan to jointly invest 50 million yuan to establish Lao Feng Xiang Luxury Products Sales Co., Ltd. (tentative name). 7. Lao Feng Xiang Limited invested RMB 40 million for an 80% stake, while Lao Feng Xiang Diamond Processing Center invested RMB 10 million for a 20% stake. 8. This investment aims to enhance the brand's image and value and expand into the mid- to high-end market. 9. All of the above projects require registration and related approval procedures and are subject to market, policy, and operational management uncertainties.
16:27:37
Italy's trade surplus widened to €7.9 billion in July. (1) Italy's trade surplus widened to €7.9 billion in July 2025, from €6.8 billion a year earlier, as exports grew faster than imports. (2) Exports grew 7.3% year-on-year to €61.6 billion, driven primarily by a 9.9% increase in exports to non-EU countries and a 4.8% increase in exports to EU countries. (3) Goods categories with significant growth included non-motorized transport equipment (+45.6%), pharmaceuticals (+28.5%), base metals (+7.0%), and food, beverages, and tobacco (+6.1%). (4) By destination, exports saw significant increases to the United States (+24.1%), ASEAN (+37.4%), Spain (+13.8%), the United Kingdom (+9.0%), France (+4.7%), Switzerland (+9.5%), and Poland (+12.5%). (5) Exports to the Netherlands (-7.8%) and Turkey (-2.5%) declined. (6) Imports increased by 6.1% year-on-year, with purchases from non-EU countries surging by 13.1%, while purchases from EU countries only increased slightly by 0.8%. (7) From January to July 2025, exports grew by 2.9% and imports by 4.8%, narrowing the trade surplus to €30.7 billion from €36 billion in the same period last year.
16:25:09
[CEC Wind Power: Controlling Shareholder and its Concerted Parties Reduced Their Holdings of CEC Convertible Bonds by 11.03%] (1) CEC Wind Power announced that on June 21, 2021, the company publicly issued 3 billion yuan of CEC Convertible Bonds. Controlling shareholder China Energy Conservation and its concerted party, CEC Capital, received a combined allocation of approximately 47.96% of the total issuance. (2) From July 3, 2023, to September 12, 2025, the two parties reduced their holdings by a total of 3,308,950 bonds, representing 11.03% of the total issuance, through block trades and centralized bidding. After the reduction, their combined holdings of CEC Convertible Bonds accounted for approximately 36.93% of the total issuance.
16:16:04
[Pound Sterling Hits a January High as French Downgrade Raises Concerns] ⑴ GBP/USD rose to 1.3593, a one-month high. Markets are betting the Bank of England will maintain interest rates on Thursday and only cut by 10 basis points for the entire year, while the Federal Reserve is expected to cut by 25 basis points on Wednesday and possibly two more cuts. This interest rate differential is expected to support the pound. ⑵ After Fitch downgraded France's rating to A+, Jefferies maintained its bearish stance on French bonds, stating that the Le Cornish government will struggle to push through fiscal reforms. A simultaneous downgrade by Moody's and S&P to below AA- could trigger passive selling by institutions. ⑶ UK bond yields fell slightly, with the 10-year gilt down nearly 1 basis point to 4.652%. Market speculation suggests the Bank of England may reduce quantitative tightening to £70 billion, reducing gilt supply and easing yield pressure. ⑷ Gold futures fell 0.4% to $3,672/oz, while the US dollar index remained flat at 97.55. A Fed rate cut is almost certain, with Powell's speech expected to be a key focus. Geopolitical risks and central bank gold purchases continue to provide safe-haven support. 5. India's CPI was only 2.07% in August, and Nomura predicts it may fall below 2% in September, providing room for the Reserve Bank of India to cut interest rates. It is expected to cut by 25 basis points in October and December, bringing the final rate to 5.00%. 6. The UK's Rightmove house price index rose for the first time in three months. RBC stated that the autumn selling season is promising, but rumors of property tax reform have caused market tensions, which may suppress transaction volume over the next three months. The share prices of real estate companies Vistry, Bellway, and Persimmon all rose. 7. The market is betting on a 97% probability of a 25 basis point rate cut by the Federal Reserve, with the possibility of another cut of more than 140 basis points before December 2026, boosting risk assets. 8. The US dollar index rose slightly by 0.1% to 97.665. The Michigan Survey showed that one-year inflation expectations remained high at 4.8%, and the five-year forecast rose to 3.9%. Danske Bank expects the Fed to embark on a cycle of gradual rate cuts rather than continuous large-scale cuts. ⑼ U.S. Treasury yields rebounded during the European session, with the 2-year rising 0.8 basis points to 3.565%, the 10-year rising 2.3 basis points to 4.083%, and the 30-year rising 2.5 basis points to 4.702%. The market fully priced in a 25 basis point rate cut on Wednesday. ⑽ The euro fell 0.1% against the dollar to 1.1720 and 0.1% against the pound to 0.8644. Fitch's downgrade of France's rating has sparked concerns from at least one other agency that it may follow suit. ⑾ The Indonesian government may ease fiscal policy to consolidate political support. The new finance minister plans to review the draft 2026 budget, with possible cuts to regional transfers, highlighting the economic challenges facing Prabowo in his first year in office. ⑿ Fitch upgraded Portugal's rating to A with a stable outlook. The ratio of public debt to GDP dropped significantly from 134.1% in 2020 to 96.4% in the first quarter of 2025. The yield on 10-year Portuguese bonds rose slightly by 0.6 basis points to 3.125%.
16:12:04
India's August Palm Oil Imports Hit a 13-Month High: (1) Palm oil imports in August increased by 15.8% month-over-month to 990,500 tons, the highest since July 2024. Refineries locked in cargoes in advance, driven by favorable prices and Diwali stocking demand. (2) Soybean oil imports fell by 25.3% month-over-month to 367,900 tons, a four-month low. Sunflower oil imports increased by 28.5% month-over-month to 257,100 tons, a seven-month high. India imported 6,000 tons of rapeseed oil, the first time in nearly five years, bringing total vegetable oil imports to 1.62 million tons, a 4.7% month-over-month increase and the highest level since July 2024. (3) Traders expect palm oil arrivals to remain above 800,000 tons in September, driven by continued festive demand. In the first nine months of the marketing year, India imported 589,300 tons of vegetable oil from Nepal at zero tariff.
16:11:17
[Analyst: LME Copper May Consolidate or Fall at $10,044] ⑴ London copper may consolidate at $10,044 per ton this week, or retreat to the $9,815-9,929 range. ⑵ Although copper prices broke through the key resistance of $10,044, the doji candlestick pattern on September 12th casts doubt on the breakout. The five-wave structure from $9,576 suggests the upward breakout may be a false breakout, and the market is more likely to test the $10,186-10,283 range rather than surge.
16:06:32
Italy's preliminary non-EU trade balance for July
Previous
:
53.91
Forecast
:
-
Published Value
59.90
Previous
16:05:47
[France's CAC 40 Index Opens Higher Despite Fitch Downgrade] ⑴ The Paris CAC 40 index opened higher by 0.3% to 7,860 points on Monday, continuing last week's upward momentum. ⑵ The rise came after Fitch downgraded France's long-term credit rating from AA- to A+, citing rising debt and political instability. ⑶ Investors are focused on central bank decisions this week. The Federal Reserve is widely expected to cut interest rates by 25 basis points, while the Bank of Japan and the Bank of England are expected to maintain policy. ⑷ Among individual stocks, Veolia rose 0.2% after signing a $500 million agreement with SATORP, Marafiq, and Lamar to build a large-scale industrial wastewater recycling plant in Jubail, the Middle East's largest petrochemical hub. ⑸ Component stocks such as STMicroelectronics (+1.3%), Stellantis (+0.9%), Kering (+0.7%), and Thales (+0.7%) also saw gains, supporting the broader market.
16:05:26
[Analog Chip Breakout: Domestic Chip Substitution Gains Optimism] ⑴ The semiconductor industry saw a flurry of positive news on Monday, leading to a strong rally in the chip sector. Shengbang shares approached their 20cm daily limit, SiRuiPu surged over 15%, Nanochip surged over 11%, Shanghai Belling hit its 10cm daily limit, and Haiguang Information surged 9%. Trading volume for most stocks in the sector increased significantly compared to the previous day. Driven by this, the largest chip ETF in the market rose 2.55%, while the Science and Technology Innovation Semiconductor ETF rose nearly 2%. ⑵ On the news front, the Ministry of Commerce announced an anti-dumping investigation into 40nm and above general-purpose interface chips and gate driver chips originating in the United States, implicating international manufacturers such as Texas Instruments and Analog Devices. Last week, news broke that Alibaba and Baidu have begun using their own chips to train AI models, partially replacing Nvidia products. Last week, VeriSilicon announced that new orders from July 1 to September 11 reached a record high of 1.205 billion yuan, with AI computing power-related orders accounting for approximately 64%. ⑶ Institutional analysis pointed out that the surge in TSMC's sales in August confirmed the strong demand for AI chips, and the continued rise in demand for computing power for ultra-large-scale AI models has driven market growth. CITIC Construction Investment emphasized that the process of domestic semiconductor substitution will accelerate under the background of the technology war, and policy measures such as anti-dumping investigations will further create a favorable environment for local manufacturers. The performance of related ETFs that the market is concerned about are as follows: Chip ETF (159995) rose 2.55%, covering leaders in the entire industry chain such as SMIC and Shengbang Shares; Science and Technology Semiconductor ETF (588170), covering equipment and material companies such as China Micro Corporation and Shanghai Silicon Industry; Semiconductor Materials ETF (562590), including upstream manufacturers such as North Huachuang and Nanjing Optoelectronics, all rose.
16:02:41
LME Daily inventory changes in the UK on September 15th - Copper
Previous
:
-225
Forecast
:
-
Published Value
-1325
Previous
16:02:31
LME Daily inventory changes in the UK on September 15th - Lead
Previous
:
-3050
Forecast
:
-
Published Value
-3950
Previous
16:02:20
LME Daily inventory changes in the UK on September 15th - Zinc
Previous
:
-100
Forecast
:
-
Published Value
-375
Previous
16:02:10
LME Daily inventory changes in the UK on September 15th - Nickel
Previous
:
1932
Forecast
:
-
Published Value
-600
Previous
16:02:04
LME Daily Inventory changes in the UK on September 15th - Tin
Previous
:
235
Forecast
:
-
Published Value
25
Previous
16:01:59
LME Daily inventory changes in the UK on September 15th - Primary aluminum
Previous
:
0
Forecast
:
-
Published Value
0
Previous
16:01:57
LME Daily inventory changes in the UK on September 15th - Cobalt
Previous
:
0
Forecast
:
-
Published Value
0
Previous
16:01:55
LME Daily inventory changes in the UK on September 15th - Main NASAAC aluminum alloys
Previous
:
0
Forecast
:
-
Published Value
0
Previous
16:01:53
LME Daily Inventory changes in the UK on September 15th - Aluminum Alloy
Previous
:
0
Forecast
:
-
Published Value
0
Previous
16:01:44
Italy's trade balance with the European Union in July
Previous
:
-0.69
Forecast
:
-
Published Value
19.17
Previous
16:01:36
Italy's trade balance for July
Previous
:
54.09
Forecast
:
-
Published Value
79.08
Previous
16:01:22
The total amount of demand deposits in Switzerland for the week ended September 12
Previous
:
4718.53
Forecast
:
-
Published Value
4685.40
Previous
16:01:03
The average weekly amount of domestic demand deposits in Switzerland for the week ended September 12
Previous
:
4419.72
Forecast
:
-
Published Value
4416.88
Previous
15:51:17
USD/JPY Technical Analysis: The daily chart shows the middle Bollinger Band at 147.575, the upper Bollinger Band at 148.444, and the lower Bollinger Band at 146.706. The price is currently trading in a narrow range around 147.40. The candlestick bodies are short with frequent shadows, indicating a typical sideways trend and the concomitant Bollinger Band squeeze, signaling the impending directional breakout following a contraction in volatility. Focus on the high trading volume between the middle and upper Bollinger Bands. A break above 148.444 and a subsequent retest confirm this, with the potential for a move towards the previous high of 149.134 and further towards the current peak of 150.914. A break below 146.706 would increase the probability of a test of the static support band of 146.211/146.303. If this band is breached by volume, a pullback to the lower 144.177 area is possible. In terms of momentum, the MACD DIFF is 0.016, the DEA is 0.055, and the MACD histogram is -0.078, indicating that the DIFF is still below the signal line, and the trend momentum is weak but stuck near the zero axis. The recent bar length has shown a convergence trend, reflecting the weakening of short-term momentum and the possible rebalancing of the trend. The RSI (14) is near 49.453, in the neutral zone, and has not yet given a clear overbought/oversold signal, which is consistent with the "box + waiting for catalyst" pattern on the market. Overall, the Bollinger middle band near 147.575 is a short-term indicator. Its gains and losses will determine whether the exchange rate continues to fluctuate in a mean-reversion manner or enters a trend trading phase.
15:35:55
[Agency: Global smartphone shipments increased by 3% year-on-year in the second quarter, and Samsung ranked first in the world with a market share of 20%] On September 15, Counterpoint released data showing that in Q2 2025, global smartphone shipments increased by 3% year-on-year, achieving the second consecutive quarter of growth. The growth momentum mainly comes from the strong demand for high-end models in markets such as North America, Japan and Europe, while emerging markets have gained strong growth momentum in entry-level and low-priced 5G models. Samsung ranks first in the world with a market share of 20%, a year-on-year increase of 7%. Its growth is mainly driven by the renewal of the mid-range Galaxy A series, strong performance in key markets, and the continued popularity of foldable screen devices and AI functions. Apple ranked second with a market share of 17%, a year-on-year increase of 11%. Its growth was due to strong demand for iPhone 16, early purchases in anticipation of tariffs in the North American market, and solid performance in India and Japan. Xiaomi maintained third place with a market share of 14%, with overall growth stable
15:33:27
German Wholesale Inflation Accelerates: (1) German wholesale prices rose 0.7% year-on-year in August, up from 0.5% in July, marking the ninth consecutive month of increases. Food, beverages, and tobacco prices rose 4.2%, while coffee, tea, cocoa, and spices soared 17.7%. Sugar and bakery products rose 14.5%, meat rose 9.4%, live animals rose 8.9%, dairy products and oils rose 7.4%, and non-ferrous ores and metals surged 21.1%. (2) Month-on-month, wholesale prices unexpectedly fell 0.6% in August, the largest drop in a year, after falling just 0.1% in July and meeting market expectations for a 0.2% increase. Solid fuels and mineral oil products fell 6.9%, scrap fell 10.4%, computers and related equipment fell 4.9%, and steel and semi-finished products fell 4.6%.
15:32:07
Saudi Arabia's inflation rose to 2.3% in August. (1) Saudi Arabia's CPI rose 2.3% year-on-year in August, higher than the 2.1% in July and the market expectation of 2.2%. This was primarily due to a 5.8% increase in housing, water, electricity, and gas costs, and a faster rental growth rate of 7.6%. (2) Food and beverage prices, restaurant and accommodation prices, personal care products, and jewelry and watches prices rose by 1.1%, 3.0%, and 4.8%, respectively. Transportation and education services also saw accelerated growth. Only furniture and communications prices saw slightly wider declines. The CPI rose 0.1% month-on-month, the same as in July.
15:31:55
TF Securities: Firmly Optimistic About Investment Opportunities in the AI Industry Chain. TF Securities released a research report stating that the overseas computing power industry chain remains highly prosperous, unaffected by the DeepSeek and trade frictions. Instead, the fundamentals of related industries are resonating more strongly, and TF Securities remains optimistic about investment opportunities in the overseas computing power industry chain. TF Securities firmly favors the AI industry as the main investment theme for the year. Domestically, with the subsequent developments in DeepSeek R2/V4, as well as related progress in agent and multimodality areas, TF Securities remains optimistic about the continued high prosperity of the AI industry and the surrounding AIDC industry chain. TF Securities is optimistic that 2025 will be the first year of the domestic AI infrastructure race and the year of fruitful application development. Both China and the United States are making continuous progress in AI, with continued advancements in inference. TF Securities recommends continuing to monitor AI industry trends and investment opportunities in AI applications. Furthermore, the Government Work Report included "deep-sea technology" for the first time. TF Securities sees a clear trend of continuous improvement starting in 2025 and is actively monitoring leading companies in the TF Securities submarine cable industry chain. In the medium and long term, we recommend that you continue to pay attention to the investment opportunities of the core targets of "AI + going overseas + satellite": the core directions of overseas AI such as optical modules & optical devices, liquid cooling and other fields are worthy of attention and continue to be recommended as core targets; in addition, we recommend paying close attention to the core targets of domestic computing power lines such as domestic servers, switches, AIDC, liquid cooling and other directions. The domestic offshore wind industry is recovering rapidly, and there are good opportunities for going overseas. We should actively grasp the changes in the industry and recommend the leading submarine cable manufacturers as core targets. We have recently seen the dynamic progress of the domestic satellite Internet industry and are optimistic about the subsequent industry being driven by catalysis.
15:31:51
India's wholesale prices rebounded unexpectedly in August. (1) Wholesale prices in India rose 0.52% year-on-year in August, exceeding market expectations of 0.30%. They fell 0.58% in July, marking the largest drop since July 2023 and the highest wholesale inflation rate since April. (2) Food prices rose 0.21%, reversing a 2.15% plunge in July. Wheat, milk, and cereals rose 4.75%, 2.58%, and 1.03%, respectively. Manufacturing inflation accelerated to 2.55%, with increases in food products, non-metallic mineral products, and tobacco products. (3) Fuel prices continued to decline, falling 3.17% year-on-year, while wholesale prices overall rose 0.52% month-on-month.
15:21:12
[Some traders chose to take profits, limiting gold prices as the market awaits the Federal Reserve's interest rate decision] 1. Gold prices fluctuated slightly lower on Monday as investors closely watched the Federal Reserve's upcoming interest rate decision this week. While the market generally expects a rate cut, profit-taking and a stronger dollar are limiting gold's upside. Spot gold is currently trading around $3,634 per ounce, down approximately 0.25%. Last week, gold prices rose approximately 1.6%, reaching a record high of $3,674.36 on Tuesday. 2. Tim Waterer, Chief Market Analyst at KCM Trade, noted that some traders opting for profit, coupled with the relatively strong dollar, are limiting gold's short-term performance. He stated, "Gold's bullish trend remains intact, but a moderate consolidation or pullback will help prices more confidently challenge higher targets in the future." 3. Despite Thursday's slightly better-than-expected US inflation data, the market still widely expects the Federal Reserve to announce a 25 basis point interest rate cut on Wednesday. 4. Waterer added: "The main risk facing gold prices this week is that the Federal Reserve may not clearly convey the path of subsequent interest rate cuts." Goldman Sachs also reminded in its latest report that although it maintains its judgment that gold prices will rise to $4,000 per ounce in mid-2026, speculative long positions are already at a high level and we need to be vigilant against the risk of a short-term correction. 5. Data from the U.S. Commodity Futures Trading Commission (CFTC) showed that as of the week of September 9, speculators' net long positions in gold decreased by 2,445 contracts to 166,417 contracts.
15:15:26
A-share margin financing as a percentage of market capitalization remains below its 2015 peak, suggesting overall risks are manageable. (1) Li Xunlei, Chief Economist of Zhongtai International, published an article on September 13th, sharing his views on the current A-share market. He noted that global stock markets have generally performed well this year. While Trump previously signaled tariff pressure, the actual implementation has been relatively mild, leading to a gradual buildup of confidence in global stock markets driven by expectations. (2) Domestically, my country's economic growth slightly exceeded market expectations in the first half of the year, and the A-share market has been experiencing a period of volatile growth since April. However, some in the market are concerned that the current A-share margin financing scale has exceeded its 2015 peak, potentially indicating overheating risks. (3) Li Xunlei noted that, based on core indicators, the current A-share margin financing as a percentage of market capitalization is 2.49%, significantly lower than the 2015 peak of 4.7%, indicating that current market leverage risks are manageable. It is worth noting that compared with 2015, the current regulatory authorities have more complete compliance supervision of margin trading and securities lending businesses, and have continued to strengthen the investigation of illegal leverage behaviors such as over-the-counter financing, further providing guarantees for the prevention and control of leverage risks.
15:13:42
[To inject stability and new momentum into the world economy, the "Xiamen Initiative on Global Supply Chain Development and Stability" was released] It was learned from the China Federation of Logistics and Purchasing that the "Xiamen Initiative on Global Supply Chain Development and Stability", jointly initiated by members of the International Purchasing and Supply Management Alliance, was officially released today (15th). The initiative proposes that we must firmly safeguard the multilateral trading system and jointly build an open, inclusive, resilient and sustainable global supply chain. The initiative proposes that we must firmly safeguard the multilateral trading system, deepen multilateral international cooperation, and promote the interconnection of global supply chains. It is necessary to establish a mechanism for sharing interests among multiple entities, respect the development differences of various countries, strengthen the resilience and stability management of supply chains, and establish a mechanism for cross-border data flow and interconnection. Accelerate the deep integration of technologies such as artificial intelligence, big data, and the Internet of Things with the entire supply chain, and reshape the new pattern of the global supply chain with technological innovation. In addition, it is necessary to promote the advancement of carbon reduction, emission reduction and carbon sink technologies, promote the international mutual recognition of green rules and standards, and carry out green, low-carbon and sustainable governance of the entire chain. (CCTV News)
15:12:51
OpenAI Chairman Says We're Currently in an AI Bubble, But That Doesn't Prevent It from Generating Huge Economic Value. (1) According to a report by tech media outlet The Verge on Monday, OpenAI Chairman Bret Taylor recently stated publicly that while we are indeed in an AI bubble, this situation won't prevent AI technology from ultimately creating massive economic value. Taylor directly compared the current AI craze to the early dot-com bubble, noting that after the bubble burst, many companies failed to survive and collapsed. However, from a long-term perspective, the industry's predictions about the future of the internet in 1999 have been borne out to a certain extent. Today, companies like Amazon and Google, which emerged during that era, have become among the world's top market capitalizations, demonstrating that forward-looking predictions made during a bubble can be realized. In his view, the key lies in clearly distinguishing between the correctness of the industry's development direction and the success rate of specific investment targets. (2) Taylor further pointed out that the two views, "AI will reshape the economic landscape" and "many participants will suffer losses," can both be true, and there are many historical examples of this. This means that the current huge investment in the field of AI, although not necessarily benefiting all participants, is laying a solid foundation for the development of the next generation of AI applications. (3) Regarding the market's doubts about the input-output ratio of AI, Taylor believes that the core reason is that the market is still immature: many companies are only conducting "AI sightseeing" attempts, blindly trying to build complex solutions with a high risk of failure on their own. In his eyes, the right path should be to purchase mature AI solutions that focus on specific fields; as the number of AI companies focusing on the application level gradually increases, companies will be able to more directly obtain AI Agents with solution value, and ultimately truly realize the commercial value of AI technology.
15:12:10
Daily Warehouse receipt changes of the Shanghai Futures Exchange on September 15th in China - Copper
Previous
:
5532
Forecast
:
-
Published Value
5083
Previous
15:12:10
Daily Warehouse receipt changes of the Shanghai Futures Exchange on September 15th in China - Zinc
Previous
:
980
Forecast
:
-
Published Value
5466
Previous
15:12:07
Daily warehouse receipt changes of the Shanghai Futures Exchange on September 15th in China - Silver
Previous
:
6382
Forecast
:
-
Published Value
-3088
Previous
15:12:07
Daily Warehouse receipt changes of the Shanghai Futures Exchange on September 15th in China - Aluminum
Previous
:
6735
Forecast
:
-
Published Value
2616
Previous
15:12:05
Daily warehouse receipt changes of the Shanghai Futures Exchange on September 15th in China - Lead
Previous
:
-252
Forecast
:
-
Published Value
-68
Previous
15:12:03
Daily warehouse receipt changes of the Shanghai Futures Exchange on September 15th in China - Nickel
Previous
:
1418
Forecast
:
-
Published Value
1430
Previous
15:12:01
Daily Warehouse receipt changes of the Shanghai Futures Exchange on September 15th, China - Tin
Previous
:
-178
Forecast
:
-
Published Value
76
Previous
15:11:58
Daily Warehouse receipt changes of the Shanghai Futures Exchange on September 15th in China - Alumina
Previous
:
6002
Forecast
:
-
Published Value
12605
Previous
15:11:56
Daily Warehouse receipt changes of the Shanghai Futures Exchange on September 15th in China - Wire Rods
Previous
:
0
Forecast
:
-
Published Value
0
Previous
15:11:54
Daily Warehouse receipt changes of the Shanghai Futures Exchange on September 15th in China - Hot-rolled coil
Previous
:
0
Forecast
:
-
Published Value
1500
Previous
15:11:52
Daily warehouse receipt changes of the Shanghai Futures Exchange on September 15th in China - Fuel oil
Previous
:
0
Forecast
:
-
Published Value
0
Previous
15:11:52
Daily Warehouse receipt changes of the Shanghai Futures Exchange on September 15th in China - Stainless Steel
Previous
:
-605
Forecast
:
-
Published Value
-600
Previous
15:11:49
Daily Warehouse receipt changes of the Shanghai Futures Exchange on September 15th in China - Petroleum Asphalt
Previous
:
3800
Forecast
:
-
Published Value
-500
Previous
15:11:47
Daily warehouse receipt changes on the Shanghai Futures Exchange on September 15th in China -20 # rubber
Previous
:
-807
Forecast
:
-
Published Value
202
Previous
15:11:46
Daily Warehouse receipt changes of the Shanghai Futures Exchange on September 15th in China - Pulp
Previous
:
212
Forecast
:
-
Published Value
-20
Previous
15:11:43
Daily warehouse receipt changes of the Shanghai Futures Exchange on September 15th in China - Crude oil
Previous
:
0
Forecast
:
-
Published Value
0
Previous
15:11:43
Daily Warehouse receipt changes of the Shanghai Futures Exchange on September 15th in China - Natural Rubber
Previous
:
-1200
Forecast
:
-
Published Value
-2420
Previous
15:11:42
Daily Warehouse receipt changes of the Shanghai Futures Exchange on September 15th in China - Gold
Previous
:
2799
Forecast
:
-
Published Value
276
Previous
15:11:42
Daily Warehouse receipt changes of the Shanghai Futures Exchange on September 15th in China - Rebar
Previous
:
884
Forecast
:
-
Published Value
8469
Previous
15:09:40
Optical Communication + AI Technology Breaks 254.7Tb/s Transmission Record Over 200km of Single-Mode Fiber: (1) According to a report by People's Post and Telecommunications on Monday, FiberHome, in collaboration with partners including China Mobile, the National Key Laboratory of Optical Communication Technology and Networks, and Pengcheng Laboratory, successfully achieved an ultra-high-speed transmission speed of 254.7Tb/s over 200km of standard single-mode fiber using transfer learning-based neural network equalization technology. (2) This technological breakthrough not only covers a 19.8THz spectrum bandwidth but also increases spectral efficiency to 12.86bit/s/Hz. This achievement has far-reaching implications for future optical network architecture design, application scenario expansion, and industry ecosystem development, setting a new milestone in the development of next-generation optical communication systems. Furthermore, this record-breaking transmission speed also marks a new stage in the development of AI-enabled optical communication systems. To meet the network demands of future 6G and low-altitude economy, optical networks must continue to upgrade towards higher capacity, lower latency, and greater resilience. ⑶ From the perspective of technical implementation adaptability, the standard single-mode optical fiber relied on by this technology is highly compatible with the current mainstream communication network infrastructure, eliminating the need for large-scale replacement of existing hardware, thus reducing the initial investment cost and implementation difficulty for subsequent commercialization of the technology.