About Us
Real-time Quotes & News
Market Analysis
Trading Platform
Terms
Promotion
FAQ
Contact
繁
简
EN
繁
简
EN
Promotion
FAQ
Contact
Open Account
Contact Us

The London Stock Exchange will open a new off-hours venue to deliver near-continuous weekday trading. The service, named LSE 24, will operate from 17:00 to 07:50 the following day; client testing is expected to conclude by end-2026. LSE 24 will run s

2026-07-21

The London Stock Exchange will open a new off-hours venue to deliver near-continuous weekday trading. The service, named LSE 24, will operate from 17:00 to 07:50 the following day; client testing is expected to conclude by end-2026. LSE 24 will run separately from the exchange’s main market, which will continue to operate as normal. Exchange-traded products (ETPs) are slated to be the first asset class available, targeted for H1 2027. CEO Julia Hoggett said LSE 24 is intended to give clients greater flexibility and to enhance liquidity and market participation beyond traditional trading hours.

Other News
2026-07-21

ChiNext rose more than 5%, led by semiconductor equipment, MLCC, memory chips, advanced packaging and PCB sectors. Guoci Materials hit the daily limit; Changchuan Technology and nearly 10 other constituents advanced over 10%.

ChiNext rose more than 5%, led by semiconductor equipment, MLCC, memory chips, advanced packaging and PCB sectors. Guoci Materials hit the daily limit; Changchuan Technology and nearly 10 other constituents advanced over 10%.
2026-07-21

1. The release of Kimi K3 illustrates that the leading position of cutting-edge large-scale models in China can change rapidly in a single iteration, making it difficult for any single vendor to maintain an absolute lead in the long term. Investors s

1. The release of Kimi K3 illustrates that the leading position of cutting-edge large-scale models in China can change rapidly in a single iteration, making it difficult for any single vendor to maintain an absolute lead in the long term. Investors should shift their valuation logic for model companies from betting on a "sole long-term winner" to assessing their ability to remain at the forefront for multiple generations. Due to increased competition, JPMorgan Chase lowered its 2030 forward P/E ratio valuation for Zhipu and MiniMax from 30x to 20x. 2. However, K3 only shortened the lead window of GLM-5.2; it did not remove Zhipu from the top tier. In the coming months, Zhipu will also launch GLM-5.3 and a flagship model with over 2 trillion parameters. As long as it remains at the forefront, given the current limited computing power supply and the early stage of AI commercialization in China, Zhipu is still expected to maintain ARR (Annual Recurring Revenue) growth. Therefore, JPMorgan Chase's revenue forecast adjustment is limited. 3. Currently, the combined ARR of major independent large-scale model manufacturers in China is approximately US$2.1 billion, far lower than Anthropic's approximately US$69 billion, indicating that commercialization is still in a very early stage. Zhipu's stock price has corrected by over 50% after the K3 release, and the market has fully priced in the valuation downgrade, but may be overly pessimistic about its commercial prospects. 4. JPMorgan maintains its "Overweight" rating on Zhipu, lowering its target price from HK$2400 to HK$1600; MiniMax maintains its "Neutral" rating due to insufficient evidence of returning to the forefront, lowering its target price from HK$240 to HK$160.
Open Account
Demo Account
Contact Us
About Us Real-time Quotes & News Market Analysis
 Trading Platform Market Analysis Promotion Terms Promotion FAQ Contact
Copyright © 2026 Aspire Global Company Limited. All Rights Reserved.
Terms of Use and Privacy
Disclaimer

Disclaimer: ASPIRE is not responsible for the content of any analysis, advice, comment, suggestion, research report or market data in this website and links to third-party websites or resources. All the information mentioned above only represents the view of corresponding author. ASPIRE cannot and does not warrant the accuracy, validity, timeliness or completeness of any such information. You should conduct individual assessments and other proper research to make their investment decisions. The materials and information contained in this website are provided for reference only and do not constitute or form an offer, invitation, solicitation or investment advice or recommendation to acquire or dispose of any investment products or services. The price of any financial instruments described in this website may fall as well as rise. Past performance should not be taken as an indication of future performance. The risk disclosure statements do not purport to disclose or discuss all of the risks and other significant aspects of any financial instruments mentioned in this website. You should make your own appraisal of the risk and should consult to the extent necessary your own legal, tax, financial or other professional advisers in respect of any financial instruments mentioned in this website prior to entering into any transaction.

Risk Warning: Leveraged Precious Metals trading on margin carries significant risks and is not suitable for all investors. Please be sure to make investments within your own tolerance after fully understand the risks involved.

Registered & Business Address: Room 1905-1906, 19/F, Eastern Commercial Centre, 395-399 Hennessy Road, Hong Kong

Aspire Global Company Limited is not available to provide services for the residents of certain jurisdictions such as Afghanistan, the United States of America, the Islamic Republic of Iran, North Korean.