2026-08-02

State Grid Co. said recent widespread heat drove record electricity loads across its operating area, with the North China and Northeast regional grids and provincial grids in Tianjin, northern Hebei, Jiangsu, Liaoning and eastern Inner Mongolia repeatedly hitting new peaks between July 27-31. The company said it is prioritizing supply security, intensifying use of cross-provincial/trans‑regional transmission corridors, conducting inter-regional surplus‑deficit transfers and temporal-spatial load

State Grid Co. said recent widespread heat drove record electricity loads across its operating area, with the North China and Northeast regional grids and provincial grids in Tianjin, northern Hebei, Jiangsu, Liaoning and eastern Inner Mongolia repeatedly hitting new peaks between July 27-31. The company said it is prioritizing supply security, intensifying use of cross-provincial/trans‑regional transmission corridors, conducting inter-regional surplus‑deficit transfers and temporal-spatial load balancing, and tightening operational responsibilities and O&M while implementing a 24-item, six-area peak-summer supply plan to safeguard grid stability and reliable power for economic and residential demand.

2026-08-02

Valueworks CIO Charles Lemonides said a strong rebound in chip stocks after this selloff would not be surprising, but they are unlikely to lead the next phase of a bull market because they have already had their run. He noted Amazon and Microsoft last week reiterated commitments to spend hundreds of billions of dollars on AI over the next year, much of it for data-center chips, but said the ensuing fundamentals are in doubt. Chip names, especially storage-focused firms, are highly cyclical and p

Valueworks CIO Charles Lemonides said a strong rebound in chip stocks after this selloff would not be surprising, but they are unlikely to lead the next phase of a bull market because they have already had their run. He noted Amazon and Microsoft last week reiterated commitments to spend hundreds of billions of dollars on AI over the next year, much of it for data-center chips, but said the ensuing fundamentals are in doubt. Chip names, especially storage-focused firms, are highly cyclical and prone to boom‑and‑bust demand swings; many on Wall Street expect this cycle to be no different. Lemonides called the recent earnings surge unsustainable and flagged margin reversion toward historical norms as the key risk — the question is when that reversion occurs and how markets will price it.

2026-08-02

Shanghai new-home prices rose 0.96% MoM in July, the largest monthly increase nationwide, with 2,796 transactions. Shanghai’s land market stayed hot: four parcels this year sold with premium rates above 35%. Market participants say high premiums on core plots underscore long-term value and may further lift buyer confidence. Shenzhen’s housing market remained active in July: net-signed sales of new-build residential units were 3,529 (+32.7% YoY); second‑hand residential net-signed sales were 4,79

Shanghai new-home prices rose 0.96% MoM in July, the largest monthly increase nationwide, with 2,796 transactions. Shanghai’s land market stayed hot: four parcels this year sold with premium rates above 35%. Market participants say high premiums on core plots underscore long-term value and may further lift buyer confidence. Shenzhen’s housing market remained active in July: net-signed sales of new-build residential units were 3,529 (+32.7% YoY); second‑hand residential net-signed sales were 4,795 (+3%), about 60% of total commodity housing transactions. Jan–Jul net-signed sales of first‑ and second‑hand commercial apartments totaled about 6,978 units, up 60.6% YoY.

2026-08-02

Valueworks首席投资官查尔斯·莱蒙尼德斯表示，如果这次抛售之后芯片股出现相当强劲的反弹，不会感到惊讶，但认为它们不太可能引领牛市的下一阶段，因为它们已经风光过了。上周，亚马逊和微软重申了在未来一年内仅AI领域就投入数千亿美元的承诺，其中大部分资金将专门用于数据中心所用芯片的制造商。但问题在于此后的基本面正受到质疑。芯片股，尤其是专注于存储芯片的股票，以周期性著称，经常因需求起伏而出现繁荣与萧条交替。华尔街许多人仍坚定地认为，这一轮周期也不会例外。Valueworks的莱蒙尼德斯表示，大家所看到的盈利爆炸是不可持续的。更大的问题在于利润率能否维持，利润率与历史常态如此脱节，有理由预期会回归正常水平。问题在于何时回归，以及股市将如何应对。

Valueworks首席投资官查尔斯·莱蒙尼德斯表示，如果这次抛售之后芯片股出现相当强劲的反弹，不会感到惊讶，但认为它们不太可能引领牛市的下一阶段，因为它们已经风光过了。上周，亚马逊和微软重申了在未来一年内仅AI领域就投入数千亿美元的承诺，其中大部分资金将专门用于数据中心所用芯片的制造商。但问题在于此后的基本面正受到质疑。芯片股，尤其是专注于存储芯片的股票，以周期性著称，经常因需求起伏而出现繁荣与萧条交替。华尔街许多人仍坚定地认为，这一轮周期也不会例外。Valueworks的莱蒙尼德斯表示，大家所看到的盈利爆炸是不可持续的。更大的问题在于利润率能否维持，利润率与历史常态如此脱节，有理由预期会回归正常水平。问题在于何时回归，以及股市将如何应对。

2026-08-02

On Sunday Qatar's prime minister and foreign minister phoned Saudi Arabia's foreign minister to discuss bilateral cooperation and recent regional developments. They agreed on coordinated diplomatic efforts to reduce tensions and bolster regional security. Qatar urged commitment to dialogue and to implementing the consensus reached between the US and Iran, including steps to ensure freedom of navigation through the Strait of Hormuz. Qatar reiterated firm support for efforts to de-escalate and neg

On Sunday Qatar's prime minister and foreign minister phoned Saudi Arabia's foreign minister to discuss bilateral cooperation and recent regional developments. They agreed on coordinated diplomatic efforts to reduce tensions and bolster regional security. Qatar urged commitment to dialogue and to implementing the consensus reached between the US and Iran, including steps to ensure freedom of navigation through the Strait of Hormuz. Qatar reiterated firm support for efforts to de-escalate and negotiate a comprehensive agreement to secure sustainable regional peace.

2026-08-02

Sanya Maritime Safety Administration, via the China Maritime Safety Administration website, issued a navigation warning that parts of the South China Sea will be closed for military training. Restricted periods: Aug 3–7 daily 05:00–24:00 and Aug 8 07:00–18:00; entry is prohibited.

Sanya Maritime Safety Administration, via the China Maritime Safety Administration website, issued a navigation warning that parts of the South China Sea will be closed for military training. Restricted periods: Aug 3–7 daily 05:00–24:00 and Aug 8 07:00–18:00; entry is prohibited.