Daiwa downgraded Kuaishou (01024.HK) two notches to Hold after Q2 results that met expectations, cutting its 2026 net-profit forecast by about 40% and lowering its target price to HK$40 (down 44%). The broker trimmed adjusted EPS estimates for 2026–28 by 39–43%. Daiwa expects Kuaishou’s core business to deteriorate in H2, with particular weakness in online marketing and “other services” (including e‑commerce commissions and its Keling AI). Its 2026 forecasts: online marketing revenue -1% YoY, li

U.S. President Trump said he had a good conversation with Canadian Prime Minister Carney last night.

China's Baotou Rare Earth Research Institute, Tianjin branch, has achieved a core technical breakthrough in the project to develop an ultra-dry anhydrous scandium chloride production process, successfully producing scandium chloride with water content below 50 ppm. The institute says it now masters full-series rare-earth anhydrous halide synthesis technology, filling a domestic gap in scandium-based high-end rare-earth functional materials. The ultra-dry scandium chloride can be used in laser crystal manufacture, specialty light sources, radiation detection equipment, fuel cells and high-safety lithium batteries, providing material support for China's low-altitude economy and new-energy system development.