The South Korean KOSPI index fell by 2.00% during the day.

Barclays starts coverage of IBM (IBM.N) with an Overweight rating; PT $350.

Key News 1. Unitree Robotics' IPO on the Science and Technology Innovation Board (STAR Market) has been approved. 2. Zhipu: Recommends A-share issuance and listing on the STAR Market. 3. Beijing's first space computing power industry innovation center was officially established. 4. The National Development and Reform Commission and other departments clarified the rules for identifying non-fossil energy electricity consumption and the accounting methods for provincial, municipal, and electricity user levels. Individual Stock News 1. BYD: May new energy vehicle sales reached 383,500 units, a cumulative year-on-year decrease of 20.32%. 2. New Easun: Orders for 1.6T optical module products have increased significantly compared to last year, and are expected to show a rapid quarterly growth trend this year. 3. Meditech: The company has successfully entered Samsung's supply chain system. 4. Muyuan Foods and Alibaba Cloud jointly build a large-scale pig farming model. 5. Tinci Materials: Signed a supplementary agreement to the cooperation agreement with Chuneng New Energy, increasing the electrolyte supply to no less than 1.01 million tons. 6. Dongyangguang: Its subsidiary, Dongyangguang Cloud Computing, signed a computing power service procurement contract worth 10 billion to 12 billion yuan. 7. Shennan Circuits: Planning a private placement for project construction and daily operations. 8. Lenovo, Dell, Microsoft, and other manufacturers will launch the first batch of AI PCs equipped with NVIDIA RTX Spark this fall. 9. Shengxun Shares: Its stock trading experienced abnormal fluctuations; it plans to acquire a 51% stake in Zhongke Ruizhe, a company specializing in special optical devices and modules, for 251 million yuan. 10. Jinkong Power (two consecutive daily limit-up): The company currently does not have any computing power-related businesses and has not yet established a dedicated business layout in the field of "computing-power collaboration." 11. Chunqiu Electronics (two consecutive daily limit-up): Currently, it has no large-scale robotics business; its cooperation with Dell does not involve AI PC products. 12. Hisun Pharmaceutical: It has entered into a strategic cooperation with Eli Lilly on innovative drug development in multiple disease areas and is entitled to up to $87 million in upfront and near-term payments.