費城半導體指數下跌5%，邁威爾科技(MRVL.O)跌超7%，Arm(ARM.O)、英特爾(INTC.O)跌近7%，美光科技(MU.O)跌5.7%，英偉達(NVDA.O)跌超2%。

{"title":"MOFCOM and eight ministries unveil measures to boost county-level consumption","content":"MOFCOM and eight other ministries on Aug. 18 issued guidance to stimulate lower-tier market activity and county-level consumption. Measures target retail channel upgrades — deepening the "thousand markets, ten‑thousand stores" renovation, upgrading township trade centers, farmers' markets and large township fairs, and encouraging domestic and foreign brands to open regional first stores; promote redevelopment of existing land. The guidance calls for piloting one‑license, multiple‑locations for chain firms and individual traders within the same county where conditions permit, supporting domestic trendy brands' expansion into counties, and innovating consumption chains integrating primary, secondary and tertiary industries. It also seeks to improve county goods and services supply — promote urban‑rural parity on same‑spec goods, extend the 15‑minute convenience service circle to county areas, and advance commercial‑agricultural‑cultural‑tourism‑sports integration."}

Aug 18 — Baidu (09888.HK) reported Q2 2026 revenue of 31.3 bln yuan. General business revenue was 25.2 bln yuan, with AI accounting for 50% — the second consecutive quarter above half. AI cloud infrastructure revenue was 7.3 bln yuan, up 50% YoY; GPU cloud revenue rose 283% YoY and has recorded four straight quarters of triple‑digit growth. AI applications revenue was 2.5 bln yuan, up 3% YoY, and AI-native marketing revenue was 2.6 bln yuan. Founder Robin Li said continued AI growth confirms Baidu’s transition to an AI-first company and strengthens confidence in its long-term growth outlook.