CHINA will meet N. KOREA premier Pak Thae-song at the Great Hall of the People in Beijing on the afternoon of July 10. Pak is a member of the WPK Politburo Standing Committee and vice chairman of the State Affairs Commission.

The Ministry of Natural Resources has activated a Level III geological disaster defense response for Zhejiang and Fujian and dispatched working groups to the field to guide preparedness. Meteorological forecasts say Typhoon No.9 Bavi (super-typhoon) will bring 150–300 mm of cumulative rain to parts of southern Zhejiang and northeastern Fujian from July 10–13, with localized totals of 500–600 mm in southeastern Zhejiang and parts of northeastern Fujian. The ministry’s Geohazard Technical Guidance Center judged the rainfall will create a high risk of geological disasters in the affected areas.

美韓存儲芯片股和芯片製造商的表現長期優於大盤，但這一態勢如今正發生急劇逆轉。截至週三收盤，該板塊的許多主要企業已跌入“熊市”區間，較近期高點下跌超過20%。以下是導致該板塊承壓的因素： 1. AI企業的最佳表現未必能滿足市場——儘管三星公司公佈了創紀錄的利潤和驚人的增長預期，卻未能贏得投資者的青睞；投資者紛紛拋售相關股票，上演了一出典型的“利好出盡”戲碼。市場依然擔憂企業在AI基礎設施建設上的投入過高。 2. 地緣政治緊張局勢加劇——特朗普最新叫停美伊備忘錄的舉動，加劇了市場對人工智能交易的焦慮情緒。如果衝突持續，且通脹擔憂重回投資者心頭，那麼AI交易中最熱門板塊的股價可能會進一步回落。 3. 板塊輪動引發的反轉——隨着AI超大規模雲服務商的股票回報率落後於存儲芯片製造商，越來越多的華爾街策略師開始預計這一趨勢發生逆轉。大摩首席投資官兼美國股票首席策略師邁克·威爾遜週一曾預言芯片製造商股價將回調，這一判斷已被證實具有前瞻性；他目前預測資金將回流至超大規模雲服務商板塊。在芯片製造商股價逼近高位之際，一些超大規模雲服務商的股票看起來卻顯得相當便宜。