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Real-time News
On July 10th, Andrew Hitz, Global Head of Fixed Income Research at Morgan Stanley, stated that the bank is closely monitoring three major obstacles that could cause a summer setback for the stock market; historically, summer is typically the strongest season for stock market performance. The first major risk is a resurgence of the conflict with Iran. Hitz stated, "The US Strategic Petroleum Reserve has fallen to a historic low, and if the conflict escalates again, this could weaken its ability to withstand shocks." The second major risk is a Federal Reserve interest rate hike. Hitz pointed out that the expectation that the Fed will keep interest rates unchanged until the end of the year is one of the key pillars supporting the current stock market bull run. "The risk is that this assumption may be wrong, and that mistake could soon become apparent. Of course, there is the view that if the Fed is concerned about inflation, it should not delay its actions." The third is a weakening outlook for AI capital expenditures. Hitz said, "The risk is that second-quarter earnings reports may show a more cautious approach to spending, perhaps due to the recent poor performance of some companies that have heavily invested in AI. Given the current high correlation between growth and earnings prospects and AI, and investors strong preference for AI-related stocks, this situation poses a risk."On July 10th, Q Technology (01478.HK) announced that, in June 2026, the sales volume of the company and its joint venture, Q India, for its main products was as follows: Mobile phone camera modules: 39.715 million units, a decrease of 12.0% month-on-month and an increase of 21.6% year-on-year; among which, camera modules with less than 32 megapixels: 25.006 million units, a decrease of 9.8% month-on-month and an increase of 56.0% year-on-year; Camera modules with 32 megapixels and above: 14.709 million units, a decrease of 15.5% month-on-month and a decrease of 11.5% year-on-year. Other camera modules and LiDAR: 1.785 million units, a decrease of 23.9% month-on-month and an increase of 5.0% year-on-year. The total sales volume of camera modules and LiDAR: 41.5 million units, a decrease of 12.6% month-on-month and an increase of 20.8% year-on-year. Biometric modules: 11.961 million units, a decrease of 13.4% month-on-month and a decrease of 13.9% year-on-year. From January to June 2026, a total of 239 million mobile phone camera modules were produced, along with 12.314 million camera modules and LiDAR modules in other fields, and 86.948 million biometric modules. In June, QTech of India produced 10.08 million camera modules, a 6.3% increase month-over-month and a 261.0% increase year-over-year; and 1.28 million biometric modules, a 25.3% decrease month-over-month and a 36.6% decrease year-over-year.Sources revealed that Philippine Airlines will order 15 Boeing (BA.N) 787-10s and 9 Airbus A350-1000 jets.July 10th - According to the Wall Street Journal, the European Union is escalating its investigation into Meta, alleging it failed to adequately protect users from the addictive designs of Instagram and Facebook, and the company could face hefty fines. The European Commission released preliminary findings on Friday, concluding that Meta violated the EUs landmark Digital Services Act, which requires the worlds largest online platforms to assess and mitigate risks. If the findings are confirmed, each of Metas platforms could face fines of up to 6% of its global revenue.On July 10th, the National Development and Reform Commission (NDRC) stated that, going forward, it will earnestly implement the decisions and deployments of the CPC Central Committee and the State Council, and work with all members of the inter-ministerial coordination mechanism for ensuring the supply of coal, electricity, oil, gas, and transportation. It will closely monitor and analyze the power supply and demand situation, ensure the responsibilities of all relevant parties are fulfilled, implement various power supply guarantee measures, and make every effort to guarantee the electricity needs of economic and social development, and to ensure reliable and green electricity supply for the people. First, it will enhance the capacity for stable generation and supply, ensure the production and supply of primary energy sources such as coal and natural gas, and coordinate and optimize the operation and scheduling of various power sources such as wind, solar, hydro, thermal, and storage to improve peak-load supply capacity. Second, it will improve the level of mutual assistance and complementarity, make full use of the national unified electricity market to efficiently carry out mutual assistance and guarantee of electricity, and promote the optimized allocation of power resources on a larger scale. Third, it will optimize the supply and demand coordination mechanism, refine the management of electricity demand, promote new demand-side business models to help with peak shaving and valley filling, and coordinate supply to ensure the safe and stable operation of the power grid.
