Wallstreetcn Morning Brief FM-Radio | June 29, 2026

Wallstreetcn Morning Brief FM-Radio | June 29, 2026

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Market Overview

Last Friday:

  • OpenAI's IPO delay hurt tech stocks, S&P and Nasdaq fell for the fifth straight session, S&P set the longest losing streak in ten months; small-cap index set new highs for two consecutive days, and the Dow rose for the second week straight; chip index fell over 5%, Onsemi plunged over 20%, Qualcomm fell 7.6%, Thursday's surging memory chip stocks Sandisk, Seagate, and Western Digital all fell over 10%; software stocks rebounded against the trend, Microsoft up nearly 6%; healthcare sector rose over 3%, Moderna jumped over 10%.
  • AI trading cooled, blue-chip tech had worst week since last year’s tariff announcement. Among the “Tech Magnificent Seven”, Nvidia and Google, both fell about 9% for the week after a five-day losing streak, the divergence with other 493 S&P constituents was the largest since July 2024; for the week, SpaceX fell over 17%, Oracle dropped over 19% setting its biggest weekly drop since 2001.
  • The two-year U.S. Treasury yield hit a new low since the Fed’s hawkish meeting over a week ago. Dollar index continued to fall from multi-year highs but was up two weeks straight, Yen struggled to rebound and still near two-year lows; Bitcoin intraday topped $60,000, up more than 2% from daily lows.
  • Crude oil retreated Friday, Brent dropped over 5% intraday, and both Brent and WTI closed at new lows since the U.S.-Iran conflict started; U.S.-Iran ceasefire agreement's first week, oil sharply dropped, Brentfell over 10%. Gold dropped over 1% intraday then turned up, but still fell over 3% for the week, silver futures dropped over 10% for the week, seven-week losing streak. NY copper down about 4% for the week.
  • Asian hours: The ChiNext index dropped over 4%, more than 4,600 stocks across the market fell, compute hardware collectively adjusted, glass substrates rose against the trend, Hang Seng Tech fell over 3% again, tech internet stocks generally declined.

Mutual U.S.-Iran attacks over the weekend put a ceasefire agreement at risk, Asia-Pacific early Monday, international oil rebounded, Brent up nearly 2%, WTI up over 1%.

Top News

China

China's May large-scale industrial enterprises profit up 21.1% YoY, computers, communications, and other electronics manufacturing profitup 103.9% in first five months.

Global Times: China-EU is intensively holding trade consultations, EU’s lack of sincerity may cause sharp escalation of China-EU trade friction.

DeepSeek and Peking University jointly released and open-sourced DSpark inference acceleration framework. DeepSeek V4updated DSpark, improving inference speed by 80%.

Overseas

Trump on Saturday threatened Iran could cease to exist; U.S. military carried out airstrikes on Iran’s south Friday and Saturday, Iran’s military threatened Sunday to launch “hell” style attacks against U.S. bases, already attacked eight key U.S. facilities, will take tougher action against “violating” vessels in the Strait of Hormuz. Iran officials: due to the attack, Iran missed Sunday’s U.S.-Iran technical talks; U.S.: plan to resume technical talks in Switzerland is stalled; U.S. official: U.S.-Iran will “pause” hostile actions, plan talks on the 30th in Qatar’s capital.

Friday Lebanon-Israel-U.S. reached three-party framework agreement, Israeli PM: before Hezbollah disarms, Israeli military will remain in the Lebanon southern “security zone”. Lebanese media said after agreement Israeli military attacked Lebanon’s south again Saturday. Hezbollah declared the tripartite agreement invalid. Israeli military claimed on Saturday it killed several Hezbollah militants with rockets in south Lebanon, will continue actions to “eliminate threats.”

Walsh made first key appointments: appointed two Federal Reserve economists as advisors, focusing on interest rate research; before July Fed decision, Walsh has two “important appearances” this week is the first, also first overseas debut. Fed voter Kashkari turned hawkish: inflation remains high, expects one rate hike this year.

OpenAI released GPT-5.6 model series limited opening per U.S. government request, stated this shouldn’t be the long-term default.

Anthropic confirms U.S. governmentallows some U.S. institutions to deploy Mythos 5model, still seeking approval for Fable 5, report says over 100 institutions authorized for Mythos 5 use.

OpenAI IPO delay hits Softbank, $65 billion exposure faces liquidity test, stock plunges 13%, largest in two years.

U.S. tech companies quietly shift toward Chinese AI models, Coinbase sets GLM 5.2 and Kimi 2.7 as default models.

AI compute shortages: Google reportedly imposed Gemini usage limits on Meta since March, causing interference and delays in multiple Meta projects.

UK media: Apple seeks approval to buy memory chips from Changxin Storage.

Nasdaq: SpaceX will join Nasdaq 100 index on July 7th.

Market Closing

U.S.-Europe Stocks: S&P 500 down 0.05% at 7354.02, down 1.95% for the week; Dow down 0.09% at 51876.11, up 0.60% for the week; Nasdaq down 0.24% at 25297.618, down 4.60% for the week. STOXX 600 Europe down 0.68% at 635.88, up 0.04% for the week.

A-shares: Shanghai Composite down 2.26% at 4027.26. Shenzhen index down 3.44% at 15782.22. ChiNext down 4.07% at 4194.21.

Bond Market: By close, U.S. 10-year yield about 4.37%, down about 2 bps intraday, down about 8 bps for the week; 2-year yield about 4.09%, intraday down 3 bps, weekly down 9 bps.

Commodities: WTI August crude futures down 3.74% at $69.23/barrel, down 8.73% for the week. Brent August crude down 4.34% at $71.99/barrel, down 10.65% for the week. COMEX June gold up 1.2% at $4078.7/ounce, down 3.44% week. COMEX June silver up 1.49% at $59.217/ounce, down 10.62% week. COMEX June copper up 1.17% at $6.1415/pound, down 3.66% week.

 

News Details

Global Headlines

China

China's profit of large-scale industrial enterprises grew 21.1% in May YoY, computer, communications, and other electronics manufacturing up 103.9% in the first five months. Non-ferrous metal smelting and rolling profit up 117.1% YoY in the first five months. Electronics and raw materials manufacturing are the main support for profit growth driven by global AI chip demand and new energy & AI industry demand; copper, aluminum prices remain high.

Global Times: China-EU holding intensive trade talks, EU lacking sincerity may cause sharp rise in trade friction. EU lacks sincerity in addressing China’s concerns, e.g., talks on electric vehicle pricing promises saw no progress; EU requires China to solve concerns on rare earth export controls but no progress on Chinese imports from EU.

A batch of “light-chasing” fund managers are limiting purchases. Fund manager Jin Zicai’s funds announced "closed doors," reducing purchase limits from 500 to 100 yuan. Outstanding funds intensively limiting purchases is essentially active risk management, protecting current holders' interests, and reflects fund companies' cautious attitude to short-term market risks.

DeepSeek and Peking University released and open-sourced DSpark inference acceleration framework. DeepSeek V4 updates DSpark, inference speed up 80%. The new framework tackles inference efficiency bottlenecks in large language models in high-concurrency production, already deployed in DeepSeek-V4-Flash and Pro preview engines.

Overseas

Friday, 26th:

Weekend:

Walsh's first key appointments: Two Federal Reserve economists as advisors, focus on rate research. WSJ writer Nick Timiraos said new Fed chair Walsh promoted two veteran economists Covitz and Engstrom as core advisors, both focused on financial stability, credit markets, monetary policy, jointly revealed supply shock, fiscal deficit logic behind long-term U.S. rates rise.

Fed voter Kashkari turned hawkish: inflation running high, expects one rate hike this year. Minneapolis Fed President Kashkari said inflation is spreading, so this year's rate outlook adjusted to one hike; also pointed to U.S.-Iran conflict and AI heat complicating inflation fight. In March he expected a rate cut this year.

OpenAI released GPT-5.6 model series, limited opening per U.S. government request, said such limitations should not be a long-term default. GPT-5.6 includes flagship Sol, efficient & work-focused Terra, fast & low-cost Luna, Sol priced at $5/1M input tokens, $30/1M output tokens, about half the price of Anthropic Fable 5. GPT-5.6 currently previewed by trusted partners, full launch planned in coming weeks, Codex and ChatGPT will be upgraded; hopes to establish repeatable model release processes with government.

Report: U.S. greenlights Anthropic’s strongest model, over 100 institutions granted access. U.S. government lifted restrictions on Anthropic’s Claude Mythos 5, company allowed to provide model to 100+ organizations. Fable5 approval status not mentioned.

  • Anthropic said thereafter, U.S. government lets select "trusted" institutions redeploy Mythos 5, will continue to cooperate to expand Mythos 5 and reopen Fable 5 to public.

OpenAI IPO delay hit Softbank hard, $65B exposure faces liquidity challenges, stock dropped 13% — largest since 2024 Aug. Softbank planned $65B investment in OpenAI by October; IPO was expected to bring huge returns. OpenAI may delay IPO to 2027, causing Softbank share to plunge 13% Friday.

Memory price hikes bite terminal demand! Apple price hike + OpenAI IPO delay triggers Asian chip stocks crash. Apple and Microsoft announced price increases Thursday due to memory shortages, OpenAI IPO delay added, Asian tech stocks heavily sold off Friday. Market reappraising the logic: is chip profit expansion from memory price hikes coming at the cost of suppressed terminal demand? AI hardware investment narrative facing new test.

U.S. tech firms quietly pivot to Chinese AI models, Coinbase uses GLM & Kimi. Coinbase CEO revealed GLM 5.2 from Zhipu and Kimi 2.7 from Moonlight Defaults as models, halving AI costs as token usage surged. This proves the commercial value of Chinese open-source models and challenges top U.S. models’ pricing, reshaping global enterprise AI infrastructure.

AI computation hit crisis: Google reportedly imposed Gemini usage limits on Meta since March. Google told Meta it can't meet all Gemini compute needs, limiting usage, causing project interference and delay. The crisis forced Google to rent compute from SpaceX, pushed Meta to accelerate self-developed models.

UK media: Apple seeks approval to buy memory chips from Changxin Storage.

Nasdaq: SpaceX will join Nasdaq 100 index on July 7. A month before IPO, SpaceX is expected to join with less than 1% weight, fastest ever addition to index.

Research Highlights

BofA: Watch two key triggers for summer selloff catalyst. BofA warns of extreme optimism, but watch two triggers: "Tech Magnificent 7" ETF (MAGS) below 60, and AUDJPY below 110. If breached, may trigger concentrated summer risk asset selloff. Meanwhile, outflows from U.S. stocks and tech, market sentiment and fund structure turning, risks accumulating fast.

BofA Hartnett: If Mag7 falls further, summer market may go defensive. BofA heavy warning: summer may see full risk-off storm. U.S. stocks witness rare net outflow, cloud giants and chip stocks diverge, $1T AI capex anxiety pressing nerves. If tech giants break lower, money shuffling accelerates, long-term Treasuries and gold top defensive choices!

Below 4000, gold is experiencing a "faith collapse". Gold myth is crumbling — from $5595 in five months down to $3978, 28.9% drop, surpassing 2013’s full-year loss. Fed turning hawkish, dollar soaring, Iran risk premium zeroed out, triple squeeze. Goldman, Deutsche slash targets, death cross imminent, 298T ETF underwater. Gold isn’t dead, but from "always bullish" to "needs reasons to rise".

  • CICC: Is the gold bull over? Gold has pulled back over 25% from March highs, focus on Iran inflation, Walsh’s hawkish tone. However, CICC notes inflation from oil, may have peaked as Iran calms in summer; Walsh's five work group reforms sow seeds for future rate cuts, "hawk turn" may be misread. Gold bull not over, turning point near.

Is “K-shaped divergence” the fate of “technological revolution”? Zheshang Securities looks at five cycles since 1771, finds K-shaped divergence is a universal rule of technology "introduction period," not unique to AI era. Tech dividends in intro period flow mainly to capital: workers saw flat incomes in textile era, before 1929 top 1% held half national net wealth, markets diverged. Only institutional reform spreads tech dividends universally.

U.S. stocks triggered the “Hindenburg Omen” 7 times a month; A-shares accuracy 92%. By month end, "Hindenburg Omen" reliably signals U.S. stock crashes over ten times in 2024. Zheshang Securities warns of short-term risk, may cause volatility in A-shares. Fortunately A-shares haven’t strictly triggered alert, midterm "slow bull" trend persists.

Domestic Companies

Not just Apple, Huaqiangbei also sees price hikes: computer/tablet/phone prices rise across the board. Shanghai Securities News: Apple, Huawei, Lenovo, Honor and others hike prices, terminal prices across computers/tablets/phones up in Huaqiangbei. Key hardware costs up, memory, SSD prices nearly doubled since last year’s low. Brands hike prices, reduce promotions, adjust configs; dealers stock up to hedge.

  • iPhone hasn't increased price yet, but it's not far. Delaying iPhone price hikes to stabilize demand; avoid revenue hit for core product, offset margin impact via Mac/iPad hikes. Apple’s hike statement leaves clear expectation: "already at the stage requiring price increases for many products."

Europe faces its harshest heatwave in history, air conditioners sold out, Midea PortaSlit “second-hand price exceeds new”. Extreme heat exposes European infrastructure gaps, Asia home appliance giants rake in "climate dividends". Midea PortaSlit’s install-free design breaks through strict regulations, conquers cooling market barrier.

Tesla FSD switches from buyout to subscription! Hong Kong/Macau/Taiwan buyout ends June 30th, mainland not clear yet. Tesla China said "no further info to share." Though mainland is on Tesla’s FSD open list, not fully launched, users pay 64,000 yuan for buyout. Tesla CFO Vaibhav Taneja said hopes FSD gets full commercial license in China by Q3 2026.

UBS supports Lao Pu Gold: Worries over competition may be exaggerated, followers’ sales only 4% of its own. UBS says Lao Pu Gold price already reflects sales pressure, margin improvement & cash flow turning point underestimated. Competition mild, followers only about 4%. With price hikes & gold price drop, margin could rise to 41% by 2026, profits high. Historic low valuation, positive cash flow and 11% high dividend are key supports.

Overseas Macro

Unseen in 40 years! Data center & memory costs surge, driving third inflation wave. AI infrastructure investment becomes new inflation driver, data center expansion pushes memory, power, labor costs, passing through to consumer electronics, energy, wages. Apple and tech companies hike prices, global capex may reach trillions. Economists warn AI-driven price pressure will last years, deflation still far off.

U.S. tech stocks suffer, is market replaying DeepSeek shock? Jefferies strategist notes GLM 5.2 "performance near Anthropic, cost per token only a quarter," called the week “another DeepSeek moment.” Low-cost AI models will affect enterprise choices, shake AI infrastructure investment logic.

MAG7 consensus loosens: tech giants diverge, U.S. stock money flows to value. MAG7 trade theme breaking down, cash flowing out of high-valuation tech giants sharply. Apple, Amazon, Microsoft under most pressure; Apple nears $270 support, Amazon below 200 MA, Microsoft RSI oversold. Nvidia trading flat, AI heat cooling, Google relatively stable, Tesla mean reversion. Sector linkage drops, unwinding accelerates.

AI costs hit end market & postponed IPO: crowded compute trades face revaluation. AI hardware & semis crowded trades revalued: memory costs surge drives terminal price hikes & demand concerns, Apple lost $260B market cap Thursday pulls down Asian chip stocks; OpenAI IPO delay hits AI sentiment, Softbank falls, selling worsens. Market doubts AI capex & revenue assumptions, funds exit AI chain rapidly.

U.S.-Iran deal lowers oil price, lifts consumer confidence: June Michigan sentiment rebounds, still historic low. June U. Michigan consumer sentiment final at 49.5, up from May’s record low 44.8, beats prelim, but still second lowest since 1970s. U.S. average gasoline price down over 60 cents/gal in recent weeks, main driver of confidence rebound.

Fed independence under threat: Atlanta Fed president selection gridlocked, White House looks to intervene. WSJ’s Timiraos notes Atlanta Fed selection stalled seven months, position gains FOMC vote next year. White House advisors look to influence selection, push pro-government candidates, raising Fed political independence concerns.

Tokyo CPI resumes rise, Bank of Japan rate hike expectations rise. Tokyo core CPI for June up for the first time in 8 months to 1.6%, core ex-fresh-food/energy at 1.9%. BoJ Governor Ueda reiterates rate hike stance, hawkish committee calls for hikes every few months, July 31 decision watched. 90% economists expect rate hike this year, data confirms policy tightening path.

Overseas Companies

SpaceX $25B new bonds see rare selloff & spread widening, tech giants’ “faith” falters in bond market. SpaceX's $25B new bonds face rare selloff, credit spreads widen rapidly, financing costs up, some gains erased. Fast money exits, equity volatility, negative cash flow concerns, CDS trading active, credit repricing. Market reassesses tech giant debt risk premium, tech bonds face structural revaluation.

Russell index rebalanced Friday: Nvidia tops, SpaceX enters. After Friday's U.S. close Russell rebalanced, Nvidia replaced Apple as largest Russell 1000 weight, SpaceX/CoreWeave join as AI concept stocks. Rebalance coincides with pension balancing, passive funds forced to adjust, late trading volatility expected to spike.

AI job disruption cracks appear, Goldman: 15 million Americans may see job shifts. Goldman’s latest AI jobs report warns: AI impact moves from forecast to reality. High AI penetration sectors see jobs shrink, AI layoffs grow, programming agents cost less than human devs. 15M U.S. jobs may shift, depends on new job creation keeping pace with AI replacement.

Apple M7 revealed: RAM bandwidth up 56% solves on-device AI bottleneck, 2.5B devices face compute reshuffle. Apple plans to launch M7 base chip in 2027, unified RAM bandwidth up 56% vs M5, focus on on-device AI inference for basic devices, fixes performance gaps. Apple Intelligence to sink toward all 2.5B devices, reshaping upgrade cycle and AI ecology, driving high-bandwidth memory supply chain revaluation.

Apple loses key talent! Report: Vision Pro/smart glasses leader heads to OpenAI. Apple Vision Pro & smart glasses chief Paul Meade leaves this week for OpenAI. Smart glasses seen as Apple's key product to compete in AI wearables vs Meta. News narrowed Apple Friday gains, but rally resumed, ended up 3.14%. Previous Apple CEO changes triggered leadership reshuffle, Meade and other hardware execs were downgraded.

Micron's long-term contracts: clients deposit $22B upfront, deal can’t be canceled, locks “most lucrative” margin! 16 Micron SCA deals secure $22B customer deposit, minimum margin surpasses historic 62%, 14 deals have $100B minimum revenue guarantee. Harlan Sur says Micron’s transition from cyclical commodity supplier to contract protected, both revenue and profit hedged. Wall St raised targets.

300+ U.S. bans pile up, AI data center expansion faces public backlash. Over 300 U.S. local governments have bans or moratoriums on AI data centers, 275+ new bans in 2026. Public concerns over high power/water use & community stress overtaking economic value. Some tax benefits, but backlash grows, “social license” for AI faces tough test, infra expansion is now a public policy and opinion battleground.

Fleeing “Korea Discount”: After SK Hynix, Samsung plans U.S. listing? Both Korean chip giants accelerate U.S. capital market layout, hope to absorb global passive flows to ease Korea discount. SK Hynix to list Nasdaq ADR next month, Samsung’s U.S. listing rumors heat up in Korea, overseas investor interest far exceeds expectations, market views it as strong catalyst for price rise.

Prediction platform Polymarket annual revenue tops $1B, U.S. trading volume triples in a month. Polymarket U.S. platform daily trading up from $50M mid-May to over $200M June 20, FIFA World Cup drove weekly trading to peak.

Nvidia’s AI portfolio expands! Q1 data center Ethernet switch revenue surges 193%, tops global market for first time. IDC shows Nvidia Q1 Ethernet switch sales up 192.7% YoY to $2.1B, 21.5% market share. Traditionally dominated by Broadcom, Cisco etc. Nvidia’s driver: Spectrum-X platform for large GPU clusters end-to-end network solution.

Industry/Concepts

1, Home Appliances | Shanghai Securities News: Continuous heatwave sweeps Europe since late June. France, Spain, Italy issued heat warnings. Germany, Czech set temperature records June 27. Easy-to-install mobile split A/Cs seen as “cooling magic” in Europe, selling out. Industrial Stats: First five months 2026, China’s home A/C exports to Western Europe up 9.7%; mobile A/Cs stand out, up over 70% YoY.

2, Advanced Packaging | Shanghai Securities News: YongXing Electronics announced June 26 it will invest in Ningbo Yuyao for “microelectronics high-end IC packaging and testing phase III project,” total planned investment 10.3B yuan. Advanced packaging is supplemental process post-chip manufacturing, production planning and scale much lower than wafer manufacturing. But AI compute chips’ demands for integration, bandwidth, power rise, CoWoS, InFO advanced packaging now core bottleneck for high-performance chip mass production.

3, Hydrogen Energy | Shanghai Securities News: June 26, National Pipeline Group’s hydrogen storage & transport tech exchange held in Beijing. Released hydrogen pipeline engineering solutions & standards, created a full tech norm & system for hydrogen pipeline access, storage, delivery, filling China’s blank in long-distance, scalable hydrogen pipelines, marking a key leap from single-point tech to systematic application.

4, Controlled Nuclear Fusion | China Securities News: Plasma Physics Inst., Hefei of CAS “artificial sun” project latest progress — two self-developed fusion reactor superconducting magnets completed technical acceptance and full working parameters test. China’s own fusion reactor toroidal field superconducting magnet is 21m length, 12m width, 3.3m height, 582 tons weight, 1.3x volume of counterparts, 3x energy, world’s largest fusion reactor superconducting magnet.

5, Satellite Internet | China Securities News: China Mobile’s satellite direct-connect test satellite 03 to be launched soon. Different from 02, 03 adds in-orbit base station for “on-satellite regenerative” mode.

6, Cross-border E-commerce | China Securities News: Amazon Global launched “LatAm Fast Pass plan”, by 2026 will offer 3,000 Chinese brands services including Brazil company registration, Mexico RFC tax optimization, up to $12,000 registration subsidy, logistics fee reduction, customer manager full support, one-stop LatAm expansion plan, helping Chinese brands break into Mexico & Brazil.

7, Aviation | China Securities News: As high school exams end, students enter summer break, travel peak begins. Tuniu bookings show first travel wave starts June 27, peak lasts all July through mid/late August. By June 26, summer group tourism bookings up 20% YoY, domestic travel up over 30% YoY. Late June, flight ticket bookings speed up.

8, Real Estate | China Securities News: China Index Academy says rents in Beijing, Shanghai, Shenzhen rose month-on-month for three months since Mar 2026 peak season. Jan-May, average rent up 0.21% total in top cities. May month-on-month up 0.16%. In sales, new/second-hand top properties in BJ, SH, SZ see revival in showings and deals.

9, Computing Power | China Securities News: China AI Industry Alliance (AIIA) launched Token Service Working Group, key step for standardization and regulation in China’s AI industry. Led by China Academy of Info & Comm Tech, joined by Huawei Cloud, Baidu Smart Cloud, China Mobile, Telecom, Unicom and 22 major units, aiming to build “high-quality token service” ecosystem, open recruitment for interested parties.

10, Storage | China Securities News: Samsung’s memory export value surged in Apr-May 2026. Samsung DRAM ASP up over 400% YoY, generic DRAM rebound is main driver. Price trends: Samsung increased DRAM contract price by 100% in Q1 2026, another 30% Q2; vs end 2025 prices, two-quarter total up about 160%.

11, Logistics | China Securities News: Since June, China’s low-altitude logistics route approvals and launches accelerate. Late June: Hunan Zhuzhou approved one, renewed three low-altitude logistics routes, covers industrial parks, commercial zones, urban/rural medical sites. Ningxia Yinchuan launched first northwestern campus commercial route, tens of thousands delivered, proved feasibility. Shanxi Jiangxian launched normalized farm produce route, cut delivery times, helped rural product sales.

12, Semiconductors | China Securities News: As mature node demand recovers, AI adoption expands, energy, freight, raw materials stay high, silicon wafer makers are planning new price hikes. GlobalWafers, Hejing, Taiseng recently signaled hikes — 6-inch wafers already raised, 8-inch demand heating up, 12-inch sees new rounds of price talks.

13, Cosmetics | China Securities News: Newly revised “Management Regulations for New Cosmetic Ingredients Registration/Record and Materials” released, effective July 15. New regs unblock innovation bottlenecks, empower cosmetics R&D. National Medical Products Admin Cosmetics Evaluation Center Director Yu Zhenxi: regulations refined by ingredient source, process, risk; five “high risk”—preservatives, sunscreen, colorants, hair dyes, whitening—require registration. Anti-hair loss, anti-wrinkle, anti-dandruff, anti-acne, deodorants not “high risk”, accelerating new ingredient listings.

Today's News Preview

The People’s Bank of China will add overnight reverse repo operations in open market trading June 29–30.

The 2026 Beijing Space Computing Power Conference held June 29–30.

Korean government will announce multiple Samsung/SK major projects Monday; Samsung to announce over 1 trillion won advanced industry investment plan.

ECB will hold annual central bank forum in Portugal June 29–July 1 with Fed Chair Walsh, ECB President Lagarde, and other global central bankers attending and speaking.

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Risk Warning & DisclaimerThe market has risks, investment must be cautious. This article does not constitute personal investment advice nor take into account specific investment targets, financial situations, or needs of individuals. Readers should consider whether views, opinions, or conclusions herein fit their circumstances. Investment based on this is at your own risk. ```