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Gold
4393.61
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81.585
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159.070
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1.35490
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Real-time News
On August 17th, sources close to the deal revealed that Zhou Bingshu, CEO of Lingxi Interactive Entertainment, confirmed in an internal letter that Alibaba Group and CITIC Capitals Xinchen Capital have officially reached a transaction agreement. According to the agreement, Alibaba will transfer its shares in Lingxi Interactive Entertainment, and Xinchen Capital will become the new shareholder. Previously, reports indicated that CITIC Capitals Xinchen Capital would acquire Alibabas Lingxi Interactive Entertainment for over US$1.5 billion (over RMB 10.1 billion).Piper Jaffray: Raises its price target for PayPal (PYPL.O) from $42 to $59.The Hang Seng Tech Index rose 2%, with tech and chip stocks leading the gains. SenseTime (00020.HK) jumped over 8%, and Hua Hong Grace (01347.HK) rose 6.76%.Futures News, August 17th: The progress of diplomatic contacts between the US and Iran has slowed, and the geopolitical dynamics are exhibiting multiple characteristics. Changes in expectations regarding the Strait of Hormuzs reopening: Initial estimates of US-Iran negotiations and the resumption of navigation in the Strait of Hormuz pushed down crude oil prices. However, with Iran demanding the lifting of sanctions and compensation, and the US also making corresponding claims, the pace of negotiations slowed, and previous expectations for a rapid resumption of navigation were revised. Traders are now incorporating the uncertainty of the shipping route into asset pricing. Supply recovery progress assessment: The ongoing geopolitical situation in the Middle East continues to affect the recovery of regional oil production and logistics. Assessment data indicates that although OPECs total production in July is estimated at approximately 19.4 million barrels per day, this is still below the pre-war level of 27 million barrels per day. According to EIA estimates, approximately 5.5 million barrels per day of production capacity in the Middle East remained shut down in July. If shipping through the Strait of Hormuz continues to be disrupted in August, the scale of production shutdowns is estimated to expand to 6.6 million barrels per day. From the perspective of market capital and position changes, with the increasing uncertainty of diplomatic negotiations, short positions previously established based on the expectation of a rapid resumption of navigation in the Strait of Hormuz have been adjusted, and geopolitical risk factors are once again reflected in market pricing. Against the backdrop of low traffic volume in the Strait of Hormuz, short-term prices have broken away from the previous downward trend, and the markets sensitivity to geopolitical news has significantly increased. Overall, the fluctuating progress of US-Iran negotiations and expectations of navigation in the Strait of Hormuz have prompted the market to reassess the risk premium on the supply side of crude oil. The core focus of the market going forward will remain on: the actual navigation status of the Strait of Hormuz, the subsequent progress of US-Iran diplomatic negotiations, and the evolution of the regional geopolitical situation. The subsequent development of these fundamental and logistical variables will continue to serve as the main basis for the markets assessment of the supply structure.On August 17th, the General Office of the Hunan Provincial Peoples Government issued the "Implementation Opinions on Accelerating the Development of the Intelligent Robot Industry." The opinions propose cultivating a number of leading enterprises across the entire intelligent robot industry chain, establishing a regular support mechanism involving provincial and municipal governments, supporting enterprises in integrating resources across industries, and promoting their transformation into technology-exporting and ecosystem-operating enterprises. The opinions also call for improving the listing service mechanism for various intelligent robot companies and supporting them in accelerating their access to the capital market. Furthermore, the opinions encourage leading enterprises to take the lead in establishing innovative application consortia to undertake major national and provincial scientific and technological research projects.
