Key News
1. The US and Iran reached a preliminary draft agreement, with the US pledging a 60-day ceasefire across all fronts.
2. Iranian media: Preliminary informal documents outlining the framework of the US-Iran memorandum of understanding have been disclosed.
Individual Stock News
1. Pinduoduo (PDD.O) reported Q1 2026 revenue of 106.2 billion yuan, compared to 95.67 billion yuan in the same period last year.
2. European Automobile Manufacturers Association: Tesla (TSLA.O) saw a 67% increase in new car registrations in the EU in April.
3. Nvidia (NVDA.O) CEO: In three to five years, Nvidia's market capitalization will be far higher than it is today.
4. UBS significantly raised its target price for Micron Technology (MU.O) to $1625.
5. Reportedly, TSMC (TSM.N) will raise prices for its 3nm process by 15% in the second half of the year.
6. ASE Technology Holding (ASX.N) is implementing automated 310mm panel-level packaging, aiming for mass production in the first half of next year. 7. ByteDance and Qualcomm (QCOM.O) reportedly reached a special application chip supply agreement.
8. UMC (UMC.N) CFO Liu Qidong stated that selective price increases will be implemented in the second half of this year, and more comprehensive discussions on price adjustments with customers will take place in 2027.
9. Rocket Lab (RKLB.O) announced that it has passed the third batch of system requirements review for the tracking layer satellite constellation by NASA.
