Aug 18, Beijing — The China Academy of Information and Communications Technology AI Research Institute, CHINA'S CPU MAKER HAIGUANG, the Haiguang industry ecosystem cooperation body and the China AI Industry Development Alliance working group jointly released a report on enterprise compute-base construction. The study says assessment is shifting from scale expansion toward quality improvement; supply‑chain security and resilience, software ecosystem and system compatibility, commercial deployment

Morgan Stanley cut its target price for Pop Mart (09992.HK) to HK$214 from HK$247, a 13% reduction, citing high base pressures in H2 and a sharp slowdown in overseas sales. The bank says limited new information and high-frequency indicators of weaker overseas demand have left investors broadly bearish ahead of results; retail shareholders' elevated expectations and large ownership are flagged as the primary downside risk. Morgan Stanley forecasts H1 sales +29% YoY and net profit +18% to RMB 5.4 bln, expects management to guide H2 sales above H1 while remaining cautious on YoY outlook. It keeps an Overweight rating, projecting a 13% EPS CAGR for 2026-28 driven by a reacceleration in overseas sales and expects total sales to resume growth in 2027.

德國DAX30指數8月17日（週一）收盤下跌97.04點，跌幅0.37%，報26335.82點； 英國富時100指數8月17日（週一）收盤下跌30.96點，跌幅0.29%，報10719.15點； 法國CAC40指數8月17日（週一）收盤下跌57.20點，跌幅0.66%，報8579.60點； 歐洲斯托克50指數8月17日（週一）收盤下跌10.24點，跌幅0.16%，報6529.35點； 西班牙IBEX35指數8月17日（週一）收盤下跌183.06點，跌幅0.91%，報19973.54點； 意大利富時MIB指數8月17日（週一）收盤下跌9.61點，跌幅0.02%，報53574.00點。