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Egyptian Cabinet: Wheat imports in 2026 will decrease by 5.3% compared to the previous year.

2026-06-29

Egyptian Cabinet: Wheat imports in 2026 will decrease by 5.3% compared to the previous year.

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2026-06-29

Spot gold fell more than 1.00% on the day, currently trading at $4,040.47 per ounce.

Spot gold fell more than 1.00% on the day, currently trading at $4,040.47 per ounce.
2026-06-29

Nomura says recent capex by Han's Laser and Hoshine Silicon indicates accelerating optical-fiber capacity expansion driven by AI data-center buildout. The preform market retains high technical barriers and is currently led by Corning, Fujikura and Ya

Nomura says recent capex by Han's Laser and Hoshine Silicon indicates accelerating optical-fiber capacity expansion driven by AI data-center buildout. The preform market retains high technical barriers and is currently led by Corning, Fujikura and Yangtze Optical Fiber and Cable, so Nomura expects supply constraints to persist short term, supporting elevated spot prices and helping Yangtze expand margins via greater AI data-center exposure. However, if new entrants successfully develop high-end products (hollow-core and multi-core fiber) and execute planned capacity additions, competition could intensify and pressure margin expansion for incumbent producers. Nomura keeps a BUY on Yangtze Optical Fiber and Cable (06869.HK) with a HK$266 target, based on FY2027 EPS of RMB9.75 and a 23.7x forward P/E.
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