希音-W(00625.HK)港股上市第三日跌超3%。

UBS Global Research APAC head Lian Peikun said at UBS's 23rd China A‑share seminar the recent A‑share pullback is primarily a risk-release after prior gains, not a fundamental mid‑term trend reversal. Declining margin financing balances suggest deleveraging is nearing completion; measures to stabilise capital markets are accumulating, strengthening the market repair and supporting H2 market momentum. He stressed the structural growth case for AI, the domesticisation of China’s tech supply chain and the trajectory of domestic AI infrastructure remain intact. With an improving global AI narrative, faster enterprise adoption and a more complete domestic tech ecosystem, China’s AI industry chain retains medium‑to‑long‑term investment value. Overseas engagement shows many investors now view the China AI supply chain as a material part of global tech portfolios, and some foreign capital is deploying real money into the sector.

EIA: U.S. refinery crude inputs rose last week to the highest level since August 2019.