A-share securities sector strengthened after choppy trading; China International Capital Co rose over 9%, with Huachuang Yunxin, Xinda Securities, Dongxing Securities, Huaan Securities and Hongta Securities also gaining.

Korean outlet DealSite, citing semiconductor industry sources, reports Samsung Electronics has not received NVIDIA mass-production orders for HBM4; its revenue from NVIDIA is limited to paid test samples. Rival SK Hynix has started mass shipments of 12-layer HBM4 to NVIDIA and is entering a capacity ramp. SK Hynix plans to expand HBM4 shipments from September to meet NVIDIA’s high-end compute chip demand.

美联储主席沃什：在危机时期，我支持更加大胆地运用资产负债表。