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首席投資官查爾斯·萊蒙尼德斯表示，如果這次拋售之後芯片股出現相當強勁的反彈，不會感到驚訝，但認爲它們不太可能引領牛市的下一階段，因爲它們已經風光過了。上週，亞馬遜和微軟重申了在未來一年內僅AI領域就投入數千億美元的承諾，其中大部分資金將專門用於數據中心所用芯片的製造商。但問題在於此後的基本面正受到質疑。芯片股，尤其是專注於存儲芯片的股票，以週期性著稱，經常因需求起伏而出現繁榮與蕭條交替。華爾街許多人仍堅定地認爲，這一輪週期也不會例外。Valueworks的萊蒙尼德斯表示，大家所看到的盈利爆炸是不可持續的。更大的問題在於利潤率能否維持，利潤率與歷史常態如此脫節，有理由預期會迴歸正常水平。問題在於何時迴歸，以及股市將如何應對。

Valueworks首席投資官查爾斯·萊蒙尼德斯表示，如果這次拋售之後芯片股出現相當強勁的反彈，不會感到驚訝，但認爲它們不太可能引領牛市的下一階段，因爲它們已經風光過了。上週，亞馬遜和微軟重申了在未來一年內僅AI領域就投入數千億美元的承諾，其中大部分資金將專門用於數據中心所用芯片的製造商。但問題在於此後的基本面正受到質疑。芯片股，尤其是專注於存儲芯片的股票，以週期性著稱，經常因需求起伏而出現繁榮與蕭條交替。華爾街許多人仍堅定地認爲，這一輪週期也不會例外。Valueworks的萊蒙尼德斯表示，大家所看到的盈利爆炸是不可持續的。更大的問題在於利潤率能否維持，利潤率與歷史常態如此脫節，有理由預期會迴歸正常水平。問題在於何時迴歸，以及股市將如何應對。

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.