Malaysia's Minister of Economic Affairs: The impact of the Middle East conflict is expected to become more apparent in the third quarter.

Domestic News 1. During his research visit to Beijing, Li Qiang emphasized the need to promote the deep integration of artificial intelligence and advanced manufacturing to accelerate the cultivation and shaping of new drivers and advantages for economic development. 2. During his research visit to the construction of the computing power network, Ding Xuexiang emphasized the need to accelerate the construction of a nationwide integrated computing power network to empower high-quality economic and social development. 3. The Ministry of Industry and Information Technology issued implementation measures for capacity replacement in the steel industry, proposing that the national ratio of ironmaking and steelmaking capacity replacement should not be less than 1.5:1. 4. Baidu's total revenue in Q1 2026 was 32.1 billion yuan, with AI business accounting for 52% of revenue. 5. Cloud Deep Dive: Plans to raise approximately 2.503 billion yuan through an IPO to invest in projects such as embodied algorithm and model research and development. 6. my country's "Sun Chasing Project" has made significant progress, laying the foundation for building "wireless charging stations" in space. International News 1. SpaceX officially launched a "1-for-5" stock split plan. 2. British Prime Minister Starmer reiterated: There will be no timetable for his resignation. 3. IMF: Raises UK economic forecast, but political turmoil could impact economic growth. 4. South Korean court partially approves Samsung's application for an injunction against its union; the Samsung union confirms the strike will proceed as planned and negotiations will continue on Tuesday. 5. Middle East Situation—① Iran establishes new agency to manage the Strait of Hormuz. ② Sources: The US agrees to temporarily waive oil sanctions on Iran during negotiations. ③ Iran reportedly proposes a long-term, multi-phase ceasefire, allowing the unconditional transfer of enriched uranium to Russia. ④ Iranian sources: The US shows flexibility on Iran maintaining limited nuclear activities, but only agreed to unfreeze a quarter of Iran's assets according to a phased timetable. ⑤ According to Iranian media: Iranian ships have broken through the US blockade and docked at Kharg Island, Iran. ⑥ US sources: Iran has only a few days left in the window; Trump's patience is running out.

The A-share power grid equipment sector strengthened in the afternoon, with Xinte Electric rising by more than 15%, and Wenzhou Hongfeng, Mingyang Electric, Zeyu Intelligent and other stocks also rising sharply.