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The Russian Defense Ministry said early on the 6th Russian forces launched a large-scale strike using air-, land- and sea-launched long-range precision weapons and attack drones, striking military-industrial facilities and fuel-energy sites in Kyiv c

2026-07-06

The Russian Defense Ministry said early on the 6th Russian forces launched a large-scale strike using air-, land- and sea-launched long-range precision weapons and attack drones, striking military-industrial facilities and fuel-energy sites in Kyiv city and Kyiv region, and military airfield infrastructure in Dnipropetrovsk, Poltava, Cherkasy, Chernihiv and Kyiv regions. The ministry said the strikes were carried out in response to Ukrainian attacks on Russian civilian infrastructure.

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2026-07-05

Industrial Securities says as July ushers in the U.S.-China earnings season, relative sector momentum and relative earnings revisions remain the primary allocation signals. Sectors with strong consensus on AI compute and upstream materials — notably

Industrial Securities says as July ushers in the U.S.-China earnings season, relative sector momentum and relative earnings revisions remain the primary allocation signals. Sectors with strong consensus on AI compute and upstream materials — notably non-ferrous metals, chemicals and fiberglass tied to AI demand — could re-enter reallocation after earlier overseas-driven volatility as Chinese 1H earnings previews arrive. Several companies in memory/storage, fiber-optic cable, liquid cooling and specialty electronic gases have issued strong 1H previews, confirming high Q2 AI-chain momentum; further previews from leading firms could be stronger catalysts. For the North American compute chain (represented by optical comms and PCB), the prior compute rally narrowed into storage and has fallen more sharply recently under overseas pressure; the A-share valuation gap between North America-linked compute leaders and domestic compute leaders have retraced to June last-year levels, a configuration signal to watch. Ahead of the U.S. earnings wave in mid-late In July, the market may seek domestic low-base, quality sectors for catch-up, notably the lithium battery supply chain, innovative drugs, brokerages, agrochemicals, refining & petrochemicals, and poultry (broilers).
2026-07-05

Macquarie downgrades Shuanghui Development to neutral with a target price of RMB 23.

Macquarie downgrades Shuanghui Development to neutral with a target price of RMB 23.
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