Core Viewpoint - The article highlights the significant impact of supply chain issues, particularly the shortage and price increase of memory chips, on the performance and outlook of major semiconductor companies like Qualcomm and Arm, leading to substantial stock price declines for both firms [1][6][9]. Qualcomm's Performance - Qualcomm's stock fell over 12% in pre-market trading due to disappointing earnings guidance, with a current decline of 11.18% [3][4]. - For Q1 of fiscal year 2026, Qualcomm reported revenue of $12.25 billion, a 5% year-over-year increase, slightly above market expectations [6]. - Adjusted net profit was $3.781 billion, a 1% decline year-over-year, with adjusted earnings per share at $3.50, up 3% and exceeding expectations [6]. - The mobile business generated $7.82 billion in revenue, a 3% increase, while the IoT and automotive segments saw revenue growth of 9% and 15%, respectively [6]. Earnings Guidance and Market Conditions - Qualcomm's guidance for Q2 of fiscal year 2026 is between $10.2 billion and $11 billion, with adjusted earnings per share projected between $2.45 and $2.65, falling short of analyst expectations of $11.11 billion in revenue and $2.89 in earnings per share [8]. - The company attributes the weak guidance to a global shortage of memory chips and rising prices, which are affecting smartphone manufacturers' order volumes [8]. - Qualcomm's CEO noted that while demand for high-end smartphones remains strong, the industry is facing severe memory shortages, leading to reduced production plans among manufacturers [8]. Arm's Performance and Market Impact - Arm's stock also dropped over 8% in pre-market trading, reflecting concerns about the smartphone market's challenges due to memory chip shortages [1][9]. - Arm reported a 26% year-over-year revenue increase to $1.24 billion for Q3 of fiscal year 2025, slightly above analyst expectations [9]. - However, the unexpected decline in licensing revenue, a key indicator of future design adoption, triggered a sell-off [9]. Broader Industry Implications - Counterpoint Research predicts that rising DRAM prices will increase the bill of materials (BoM) costs for smartphones by approximately 25% for low-end models, 15% for mid-range, and 10% for high-end models, with potential further increases of 10% to 15% by Q2 of 2026 [10]. - To offset memory price increases, mid-range smartphone manufacturers may need to raise prices by 17%, while flagship models may require a 7% increase [10]. - The ongoing memory chip supply constraints are expected to have a prolonged impact on the smartphone industry, with manufacturers already adjusting production strategies in response to rising costs [10].

Group 1 - The European Central Bank (ECB) decided to keep the three key interest rates unchanged, aligning with market expectations [1] - The deposit facility rate, main refinancing rate, and marginal lending rate remain at 2.00%, 2.15%, and 2.40% respectively [1] - The ECB's latest assessment indicates that inflation is expected to stabilize around the target level of 2% in the medium term [1]

2月5日，市场传出一则"小作文"，大体意思是"中财期货在价格暴跌前大规模做空，浮盈超过36亿元"，引发了 大家的关注。进入2月，随着白银价格的大幅回调，中财期货席位持卖单量逐步减少。数据显示，截至2月5日 收盘，该公司席位在白银期货部分合约上的持卖单量仍处于全市场前列。 值得一提的是，中财期货席位上的上述持仓均属于代客持仓，即中财期货经纪业务客户的整体持仓。因此，前 述"小作文"所谓的"中财期货做空盈利"的说法并不准确。 中财期货相关负责人也表示，交易所公布的中财期货席位在白银期货合约上的持仓数据及其变化，反映的是公 司客户在白银期货上的头寸变动。他同时强调，公司始终坚持合规经营，致力于为客户提供专业服务。 来源：期货日报 责编：汪云鹏 校对： 刘星莹 百万用户都在看 集体杀跌！三大变数，突袭股市！ 直线大跳水！刚刚，多股跌停！白银，崩了 A股突发！多只大牛股，紧急提示风险！ 利好来了！多只A股，突发公告！ AI，突传重磅！四大巨头，同时出手！ 违法和不良信息举报电话：0755-83514034 邮箱：bwb@stcn.com 券中社 × 券商中国 券 中 社 扫码下载券中社APP 扫码关注券商中国公众号 q ...

近日，澳门英皇娱乐酒店大堂内，原本镶嵌在地砖内的大量黄金被连夜撤走一事，引发广泛关注。 2月4日晚间，港股上市公司英皇娱乐酒店（ 00296.HK） 公告确认， 这批总重超过 79公斤的黄金已被出 售，售价近1亿港元 。 公告显示，原本这批黄金被按照物业、厂房及设备入账， 账面价值仅有940万港元，这个价格也是公司购 入黄金的原始价格 。而扣掉此次交易费用后， 英皇娱乐酒店预计出售该黄金将确认收益约9020万港元 。 澳门英皇娱乐酒店为英皇娱乐酒店有限公司旗下酒店。根据英皇娱乐酒店介绍，该酒店位于澳门半岛，为 一座26层楼高的酒店，总楼面面积约65.5万平方米，设有311间客房。 近年来，黄金价格持续上涨，今年以来黄金价格更是持续大涨，现货黄金价格最高超过每盎司（约等于 31.1034768克）5500美元。日前，虽然经历调整，黄金价格仍处于历史高位。 英皇娱乐酒店在2月4日的公告中表示， 鉴于当前的市场状况以及该贵金属的市场价格目前处于高位水平， 董事认为出售事项对本集团而言为一个良好机会实现和释放该贵金属的价值 ，同时使本集团未来能够节省 与该贵金属相关的保安及保险费用。 英皇娱乐酒店表示，所得款项净额将 ...

Core Viewpoint - The mechanical industry in China is expected to experience a stable growth trajectory in 2025, with key indicators showing positive trends despite challenges in the market [1][2]. Group 1: Economic Performance - In 2025, the added value of large-scale enterprises in the mechanical industry is projected to grow by 8.2% year-on-year, surpassing the national industrial and manufacturing growth rates by 2.3 and 1.8 percentage points respectively [1][2]. - The total operating revenue for the mechanical industry is expected to reach 33.2 trillion yuan, marking a record high with a year-on-year increase of 6.0%, which is 4.9 percentage points higher than the national industrial average [2]. - The total profit is anticipated to be 1.7 trillion yuan, reversing the previous year's decline with a year-on-year growth of 5.9%, outpacing the national industrial growth by 5.3 percentage points [2]. Group 2: Sector Performance - The automotive manufacturing sector continues to lead with a growth rate of 11.5%, while electrical machinery and general equipment manufacturing also show strong growth at 9.2% and 8.0% respectively [2]. - Among 122 monitored mechanical products, 85 showed a year-on-year increase in production, with a growth rate of 69.7% [2]. Group 3: Trade and External Factors - The mechanical industry achieved a total goods trade import and export volume of 1.27 trillion USD in 2025, reflecting a year-on-year growth of 8.4% [3]. - Exports to countries involved in the Belt and Road Initiative and RCEP members saw significant increases, with growth rates of 24.7% and 18.4% respectively [3]. Group 4: Investment Trends - Fixed asset investment in the mechanical industry is expected to decline by 2.3% year-on-year, a significant drop of 7.4 percentage points compared to the previous year [4]. - Investment in general equipment and automotive manufacturing remains positive, with growth rates of 6.2% and 11.7% respectively, while specialized equipment and electrical machinery sectors face declines [4]. Group 5: Challenges and Future Outlook - The mechanical industry faces challenges such as structural supply-demand contradictions and intense market competition, leading to a decrease in profit margins [3][5]. - The average collection period for accounts receivable has extended to 100.1 days, indicating cash flow issues within the industry [5]. - For 2026, the growth rate of key indicators is projected to be around 5.5%, supported by favorable macroeconomic policies and ongoing demand for high-end equipment and digital transformation [6].

Core Viewpoint - The Shanghai Futures Exchange announced adjustments to the price limits and margin requirements for various futures contracts, effective February 9, 2026, aiming to balance liquidity and risk in the market [1][2]. Group 1: Adjustments to Futures Contracts - The price limit for silver futures will be set at 20%, with a general margin requirement of 22% [2]. - For copper, aluminum, lead, and zinc futures, the price limit will be adjusted to 10%, with a general margin requirement of 12% [2]. - Other metals such as nickel and tin will have a price limit of 12% and a general margin requirement of 14% [2]. Group 2: Market Impact and Investor Behavior - The adjustments are expected to stabilize the market and attract funds towards industrial clients and professional institutions, which focus on long-term hedging rather than short-term speculation [3]. - On February 5, significant capital outflows were observed in the copper market, with over 15.2 billion yuan leaving the commodity futures market, and nearly 5 billion yuan specifically from copper [4]. Group 3: Copper Market Dynamics - The copper price has been cautious due to rising global visible inventories, fluctuating around the 100,000 yuan mark for over half a month [5]. - The China Nonferrous Metals Industry Association has emphasized strengthening copper strategic reserves, which may stabilize copper prices in the long term [5]. - The introduction of a dual reserve model for copper and copper concentrate is expected to enhance China's bargaining power against international mining giants and address supply disruption risks [5].

韩国股市大跌超200点 2月5日，韩国股市低开低走。截至收盘，韩国Kospi指数下跌207.53点，报5163.57点，跌幅高达3.86%。AI芯 片股跌幅居前，SK海力士跌6.44%，三星电子跌5.80%，这两家芯片巨头对Kospi指数拖累最大。当天，外国投 资者净卖出价值4.99万亿韩元的韩国Kospi指数成份股，创出单日净卖出额新高。 日本股市当天也下跌。截至收盘，日经225指数下跌0.88%报53818点。权重股方面，软银集团下跌7%，爱德万 测试下跌4.81%，瑞可利控股下跌4.68%，基恩士、任天堂跌超2%，东京电子跌近2%。三菱商事上涨6.64%， 中外制药上涨4.86%。 科技股的恐慌情绪，蔓延到了亚太市场！ 受隔夜美股科技股大跌影响，亚太股市今日（2月5日）也集体下跌。其中，韩国Kospi指数收盘大跌超200点， 跌幅接近4%。日经225指数收跌0.88%。 值得注意的是，今日，外国投资者净卖出价值4.99万亿韩元的韩国Kospi指数成份股，创出单日纪录新高。机 构投资者也净卖出2.07万亿韩元的Kospi指数成份股。 AT Global Markets首席市场分析师Nick Twidale ...

今日，比特币一度暴跌近8%，跌至7万美元附近。全球第二加密货币以太坊一度下跌超8%，跌破2100美元。 世界排名第三的加密货币XRP一度暴跌超10%，报1.42美元。整个虚拟币市值暴跌近7%，总市值来到2.48万亿 美元附近，市值单日损失约1860亿美元（折合人民币近1.3万亿元）。 那么，究竟发生了什么？ 此前，美国财政部长斯科特·贝森特暗示，美国政府不会救助加密货币。这或是虚拟币市场暴跌的导火索。随 后，知名投资者迈克尔·伯里警告称，比特币价格持续下跌可能"引发死亡螺旋，导致大规模价值崩溃"。抛压 由此被引爆。 崩盘式杀跌 虚拟币跌傻了！ FSOC在最新发布的2025年度报告中明显缓和了对加密资产与稳定币的立场，不再延续此前将其视为系统性金 融风险的强硬表述。FSOC表示，今年7月生效的《GENIUS 法案》已为支付型稳定币建立联邦监管框架，带 来监管明确性，有助于在控制风险的同时推动美国本土稳定币创新。FSOC未再重复2024年报告中有关稳定 今年以来，比金银更惨的应该是虚拟币市场。今日，比特币跌破7.1万美元，直逼下一个支撑位7万美元。以太 坊暴跌超8%，跌破2100美元支撑位。其余币种全线杀跌。 根 ...

Core Viewpoint - The article outlines the trading and settlement arrangements for the Chinese stock markets during the 2026 Spring Festival holiday, including specific dates for market closures and the resumption of trading activities. Group 1: Market Closure and Trading Resumption - The Shanghai and Shenzhen stock exchanges will be closed from February 15 (Sunday) to February 23 (Monday), with trading resuming on February 24 (Tuesday) [1] - The Hong Kong stock market will have a half-day session on February 16 and will be closed from February 17 to February 19 [2] Group 2: Hong Kong Stock Connect Trading Days - The Hong Kong Stock Connect service will not be available from February 15 to February 23, resuming on February 24 [1] - Additional trading days for the Hong Kong Stock Connect are set for February 12 and February 13 [1] Group 3: Securities Settlement Arrangements - Securities transactions on February 13 will have a clearing date of February 13 and a settlement date of February 24 [1] - Transactions occurring from February 14 to February 24 will have a clearing date of February 24 and a settlement date of February 25 [1] Group 4: B-share Trading and Settlement - B-share transactions on February 11, 12, and 13 will have settlement dates of February 24, 25, and 26 respectively [1] - The B-share to H-share business settlement arrangements are specified for both Shanghai and Shenzhen markets [5][6] Group 5: Equity Registration Dates - The equity registration date for the Hong Kong market is February 16, while the corresponding date for the mainland is February 13 [4] - The registration dates for subsequent transactions are set for February 20, 24, and 25 [4]

国务院任免国家工作人员。 看券商中国 知天下财经 弊中社 券商中国 X 券中社 扫码下载 券 中 社 A P P 扫码关注券商中国公众号 quanshangcn qzs.stcn.com 券中社APP 券 商 中 国 是 证 券 市 场 权 威 媒 体 《 证 券 时 报 》 旗 下 新 媒 体, 券 商 中 国 对 该 平 台 所 刊 载 的 原 创 内 容 享 有 著 作 权 , 未 经 授 权 禁 止 转 载 ， 否 则 将 追 究 相 应 法 律 责 任 。 免去李晓龙的住房和城乡建设部副部长职务；免去曹俊的退役军人事务部副部长职务；免去王晓真的中央广播电视总台副台长职务；免去张忠军的国家行政学院教 育长职务。 来源：人社部网站 责编：汪云鹏 校对： 刘星莹 百万用户都在看 A股突发！多只大牛股，紧急提示风险！ 利好来了！多只A股，突发公告！ AI，突传重磅！四大巨头，同时出手！ 直线拉升！光刻机巨头，传来重磅利好！AI，再度引爆！ 违法和不良信息举报电话：0755-83514034 邮箱：bwb@stcn.com 任命余俊生为中央广播电视总台副台长；任命张忠军为国家行政学院副院长。 ...