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2026-07-06

Hangdian plunged to and remained locked at its daily trading limit at the midday close after the company last week issued a profit-positive forecast projecting an almost 10x rise in net profit. Shares were 44.1 yuan, valuing the company at about 30.5

Hangdian plunged to and remained locked at its daily trading limit at the midday close after the company last week issued a profit-positive forecast projecting an almost 10x rise in net profit. Shares were 44.1 yuan, valuing the company at about 30.5 bln yuan. Company staff told callers production and customer relationships are normal and attributed the price move to market behavior and investor expectations.
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 c

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.
2026-07-06

Citigroup said in a research note it has added Geely Automobile (00175.HK) to its “Pan-Asia Focus List”, citing a breakthrough in premium brand Zeekr’s sales, strong export momentum and a more attractive risk-reward profile versus peers. The bank rat

Citigroup said in a research note it has added Geely Automobile (00175.HK) to its “Pan-Asia Focus List”, citing a breakthrough in premium brand Zeekr’s sales, strong export momentum and a more attractive risk-reward profile versus peers. The bank rates Geely Buy with a PT of HK$30 and an expected dividend yield of 4%.
2026-07-06

Shanghai Municipal State-owned Assets Supervision and Administration Commission said at a cadres meeting on July 6 it has appointed Zhou Xiaoqian as the commission's Communist Party secretary and approved him as director.

Shanghai Municipal State-owned Assets Supervision and Administration Commission said at a cadres meeting on July 6 it has appointed Zhou Xiaoqian as the commission's Communist Party secretary and approved him as director.
2026-07-06

An international research team including Finland’s Aalto University used artificial intelligence to identify two new superconducting materials, Aalto said; results were published in Physical Review Research. The team said AI-enabled screening can spe

An international research team including Finland’s Aalto University used artificial intelligence to identify two new superconducting materials, Aalto said; results were published in Physical Review Research. The team said AI-enabled screening can speed development of new superconductors and aid the search for materials that might operate at or near room temperature. Superconductors exhibit zero electrical resistance under specific quantum conditions and have potential applications in quantum computing, neuroimaging, nuclear fusion devices, maglev transport, data centers and power transmission.
2026-07-06

UBS cuts its global aluminum price forecasts to $1.50/lb for 2026 and $1.42/lb for 2027. After factoring SHFE-LME discounts, UBS lowered its China aluminum price forecasts to RMB23,000/ton for 2026 and RMB22,500/ton for 2027. UBS cut 2024 earnings es

UBS cuts its global aluminum price forecasts to $1.50/lb for 2026 and $1.42/lb for 2027. After factoring SHFE-LME discounts, UBS lowered its China aluminum price forecasts to RMB23,000/ton for 2026 and RMB22,500/ton for 2027. UBS cut 2024 earnings estimates for Aluminum Corporation of China (Chalco) (02600.HK) and China Hongqiao Group (01378.HK) by 15% and 13% respectively, and cut 2025 estimates by 31% and 24%. UBS reduced Chalco H-share PT to HK$14.2 from HK$17.5 and Hongqiao PT to HK$36.8 from HK$46.1; both stocks retain Buy ratings.
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