EUR/USD
1.14191
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Gold
4152.76
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68.183
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162.321
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1.33418
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216.572
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Real-time News
July 6th - Recently, affected by Typhoon Maysak (the 10th typhoon of the year), many parts of Guangxi Province have experienced severe rainstorms and floods, causing casualties and property damage. On July 6th, the National Disaster Prevention, Mitigation and Relief Committee activated a Level IV national emergency response. Based on the "National Natural Disaster Relief Emergency Plan" and the disaster damage situation in Guangxi, the National Development and Reform Commission has urgently allocated 100 million yuan from the central budget to support Guangxi in post-typhoon emergency recovery efforts. This funding will primarily be used for the emergency reconstruction of damaged roads, water conservancy infrastructure, and public service facilities such as schools and hospitals in the disaster area, aiming to promote the rapid restoration of normal production and living order.July 6 - The Ministry of Natural Resources and the China Meteorological Administration jointly issued an orange geological disaster meteorological risk warning at 18:00 on July 6. It is expected that from 20:00 on July 6 to 20:00 on July 7, some areas in western Anhui, southeastern Henan, northeastern Hubei, western Hunan, southwestern Guangdong, central and eastern Guangxi, southeastern Guizhou, and western Yunnan will have a relatively high meteorological risk of geological disasters (yellow warning). Among them, some areas in southeastern Guangxi will have a high meteorological risk of geological disasters (orange warning).July 6th - On July 6th, affected by the typhoon and heavy rainfall, several reservoirs in Nanning and Guigang cities of Guangxi Zhuang Autonomous Region experienced emergencies. Following the incidents, Zhang Chengzhong, Deputy Commander-in-Chief of the State Flood Control and Drought Relief Headquarters and Minister of Emergency Management, immediately directed and guided emergency response efforts. He held a video conference with Chen Gang, Secretary of the Guangxi Zhuang Autonomous Region Party Committee, to convey the instructions of central leaders, and organized a joint consultation involving the China Meteorological Administration, the Ministry of Water Resources, the Ministry of Natural Resources, the Ministry of Housing and Urban-Rural Development, and the Ministry of Transport. The National Emergency Command Headquarters was instructed to immediately enter emergency mode. A joint working group from the State Flood Control and Drought Relief Headquarters, led by Chen Min, Director of the State Flood Control and Drought Relief Headquarters Office and Vice Minister of Emergency Management, was dispatched to Guangxi for guidance. Ministry leaders, including Song Yuanming and Song Xinchun, continued to coordinate efforts. The State Flood Control and Drought Relief Headquarters upgraded its flood control emergency response for Guangxi from Level III to Level II, and the National Disaster Prevention, Mitigation and Relief Committee activated a Level IV national disaster relief emergency response for Guangxi.On July 6th, *ST Qingyue issued an announcement stating that its stock price hit the daily limit up today, and the fluctuation was significant after adjusting for overall market factors. Investors are advised to be aware of trading risks. On May 8th, 2026, the company received a "Prior Notice of Administrative Penalty" from the China Securities Regulatory Commission (CSRC), indicating potential serious violations. Its A-shares were subject to delisting risk warnings starting May 12th. If the company triggers mandatory delisting due to serious violations, its shares will be suspended from trading and delisted from the date of disclosure of the administrative penalty decision. Furthermore, the company was subject to other risk warnings on April 30th.July 6th - Morgan Stanley strategists say U.S. stocks will struggle to reach new highs as investors pull out of some of this years biggest tech gains. A team led by Michael Wilson points out that the rally in semiconductor stocks is waning as investors shift towards underperforming companies, including those focused on AI-driven hyperscale data centers. This group includes companies like Microsoft, Amazon, and Meta, which are highly attractive within the AI ecosystem due to their strong core businesses. However, the strategist says major U.S. benchmark indices will remain under pressure in the short term, "given that momentum is waning at some of the larger companies in the indices." Sector rotation continues in a "generally volatile and weak market environment." Wilson expects hyperscale companies may begin to soften expectations regarding their spending plans given their recent underperformance. The strategists year-end target for the S&P 500 is 8,000 points, implying an upside of about 7% from current levels.
