格隆汇8月21日｜国际要闻： 大中华区要闻： 15、南下资金净卖出港股146.8亿港元，逆势加仓腾讯、泡泡玛特； 17、公告精选(港股)︱小米集团-W(01810.HK)奖励合共4424万股奖励股份予2496名选定参与者； 18、A股投资避雷针︱博拓生物：实际控制人于秀萍拟减持合计不超过3%股份。 1、美股三大指数收盘涨跌不一，标普500指数连跌四日，英特尔跌约7%； 2、现货黄金涨1%上探3350美元，美国原油期货涨约1.4%； 3、美联储传声筒：少数官员暗示他们或在9月加入降息阵营； 4、美联储会议纪要：关税成本主要由国内承担 企业转嫁压力与应对策略并存； 5、美联储会议纪要 ：关税对商品价格通胀构成上行压力； 6、英特尔据报正与大型投资者洽商以折让价格入股； 7、韩国推出45.8万亿韩元支持计划，重点支持电池、半导体和关键矿产等关键产业； 8、印尼央行意外降息25个基点； 1、预告：国新办8月25日举行"高质量完成'十四五'规划"系列主题新闻发布会(海关总署)； 2、中国据报调整石油化工行业 解决产能过剩； 3、港交所：将研究24小时交易机制； 4、李强：要及时发现临床价值高、转化潜力大的创新药项目 推 ...

科技股连续第二日遭到抛售 科技股连续第二个交易日遭到抛售，投资者正在评估好坏参半的零售商业绩报告。 当地时间8月20日，美股三大指数收盘涨跌不一，标普500指数连续第四个交易日下跌。 投资者正在评估好坏参半的零售商业绩报告。美联储会议纪要显示内部分歧，大多数FOMC（联邦公开 市场委员会）委员认为通胀风险甚于就业担忧，特朗普关税政策是核心议题。 道指涨16.04点，涨幅为0.04%，报44938.31点；纳指跌142.10点，跌幅为0.67%，报21172.86点；标普 500指数跌15.59点，跌幅为0.24%，报6395.78点。 周三投资者迎来多家零售商的财报。塔吉特股价暴跌，此前该零售商报告销售额再度下滑。公司同时宣 布首席执行官布莱恩·康奈尔（Brian Cornell）将于2026年2月份离职。 家装零售商劳氏公司宣布盈利超预期。 这些数据发布之前，家得宝公布财报后股价跃升，并助力周二道指勉强实现小幅上涨并创下盘中纪录。 但由于科技股下跌，标普500指数和纳指周二均收跌。 科技股周二普跌，投资者削减科技巨头仓位，原因是担忧标普500指数近期创纪录的反弹过快过猛，且 过度依赖少数成长股。 虽然科技股 ...

特朗普政府考虑入股更多芯片公司。 *三大股指分化，道指微涨0.04%； *中长期美债收益率小幅回落，10年期美债降至4.29%； *塔吉特大跌超6%，公司维持业绩指引。 美股周三涨跌互现，科技股的抛售将纳斯达克指数推至两周低点，在美联储本周备受期待的杰克逊霍尔 研讨会之前，市场普遍持谨慎态度。截至收盘，道指涨16.04点，涨幅0.04%，报44938.31点，纳指跌 0.67%，报21172.86点，标普500指数跌0.24%，报6395.78点，日线四连阴。 市场概述 美联储发布7月会议纪要，显示政策制定者之间存在分歧。大多数联邦公开市场委员会FOMC成员认 为，潜在的通胀压力超过了劳动力市场的风险，并表示需要时间才能更清楚地了解关税对价格的确切影 响。 在推动市场从4月份的抛售中复苏后，科技股本周连续调整。 分析师将科技股疲软归咎于多种因素，包括对过高估值的担忧、投资者退出盈利头寸和风险规避。思维 财富管理（Mindset Wealth Management）合伙人辛克尔（Seth Hickle）表示：" 科技股超买了，现在市 场自然会卖出一些好消息。" 资产管理公司拉登堡塔尔曼（Ladenburg Th ...

大家早上壕！ 先看海外要闻： 标普和纳指盘中探底回升，标普仍四连跌，道指惊险收涨，纳指盘中跌近2%，标普盘中跌超1%，收盘标普500指数跌0.24%，道指涨0.04%，纳 指跌0.67%。 英特尔一度跌超7%。AI热门股Palantir盘中跌超9%后收跌逾1%，六连跌，创16个月最长连跌。塔吉特公布财报并官宣CEO换帅后跌超6%。 2、西藏自治区成立60周年庆祝大会将于8月21日上午10时在西藏自治区拉萨市隆重举行。中共中央总书记、国家主席、中央军委主席习近平将出 席大会。（新闻联播） 纳斯达克金龙中国指数初步收涨0.3%。财报后百度跌超2%。尚高生命科学收涨将近37%，新蛋涨约24%，万国数据涨超7%，再鼎医药则跌超 5%。 美联储会议纪要偏鹰，两年期美债收益率抹平降幅。美元指数创一周新高后转跌，特朗普呼吁美联储理事Cook辞职后，跌幅扩大。 黄金、原油齐反弹。黄金再创逾两周新低后转涨，一度涨逾1%。美国EIA原油库存超预期下降，原油一度涨近2%，美油脱离逾两月低位。 欧洲卫生机构：欧洲蚊媒疾病疫情数量创历史新高。 英特尔构建液冷生态互操作新标准，英维克等成为首批认证合作伙伴。 韩国推出45.8万亿韩元的支 ...

Market Performance - The three major U.S. stock indices closed mixed, with the Dow Jones up 0.04%, the S&P 500 down 0.24%, and the Nasdaq down 0.67% [1] - Major tech stocks mostly declined, with Intel down approximately 7%, and Google, Amazon, Apple, and Tesla down over 1% [1] - Popular Chinese concept stocks showed mixed performance, with upward movements in companies like Xiangshang Rongke up over 4% and JinkoSolar and Beike up over 2%, while companies like Xunlei fell over 7% [1] European Market - European stock indices closed mixed, with Germany's DAX down 0.6%, France's CAC40 down 0.08%, and the UK's FTSE 100 up 1.08% [1] Commodity Prices - International precious metal futures generally rose, with COMEX gold futures up 1.00% at $3392.20 per ounce and COMEX silver futures up 1.51% at $37.90 per ounce [1] - U.S. oil main contract rose 1.73% to $62.84 per barrel, while Brent crude oil main contract increased by 1.76% to $66.95 per barrel [1] Currency and Debt Markets - The U.S. dollar index fell 0.03% to 98.25, while the offshore RMB against the U.S. dollar rose by 66 basis points to 7.1815 [1] - U.S. Treasury yields mostly declined, with the 2-year yield up 0.18 basis points at 3.739%, while the 10-year yield fell 1.94 basis points to 4.287% [1] - European bond yields generally decreased, with the UK 10-year yield down 6.8 basis points at 4.670% and Germany's 10-year yield down 3.2 basis points at 2.715% [1]

Core Viewpoint - Pop Mart's founder Wang Ning expressed confidence in achieving a revenue of 30 billion yuan for the year 2025, emphasizing the importance of healthy growth metrics behind the numbers [5][6]. Financial Performance - For the first half of 2025, Pop Mart reported a revenue of 13.88 billion yuan, representing a year-on-year increase of 204.4% [5]. - The adjusted net profit for the same period was 4.71 billion yuan, showing a significant year-on-year growth of 362.8% [5]. Future Projections - Wang Ning stated that while the initial target for this year was 20 billion yuan, he feels that reaching 30 billion yuan is quite feasible [6].

不过，知情人士周二对路透社透露，特朗普政府正寻求从这些"投资"中获得股权回报。美国商务部长霍 华德·卢特尼克(Howard Lutnick)正在研究一项方案，拿补助换取英特尔和其他芯片制造商的股权。 桑德斯与民主党参议员伊丽莎白·沃伦(Elizabeth Warren)曾提出对《芯片法案》的修正案，规定除非财政 部获得受助企业发行的认股权证、股权或优先债务工具，否则商务部不得发放芯片法案补助。 桑德斯周三表示："我很高兴特朗普政府同意了我三年前提出的修正案。纳税人不应该向像英特尔这样 利润丰厚的大公司提供数十亿美元的企业福利，却一无所获。" 不过，美光、台积电、三星电子等《芯片法案》受助企业获得的大部分补助尚未拨付。(作者/箫雨) 凤凰网科技讯 北京时间8月21日，据路透社报道，美国自由派参议员伯尼·桑德斯(Bernie Sanders)周三力 挺美国总统特朗普的"补助换股权"计划，也就是将美国对芯片制造商的补助转化为政府在这些公司的股 权。其中，英特尔获得了109亿美元补助。 桑德斯发给路透社的一份声明中表示："如果芯片公司从联邦政府提供的巨额补助中获利，那么美国纳 税人有权从这笔投资中获得合理的回报。" ...

Market Performance - The three major U.S. stock indices closed mixed on August 20, with the Dow Jones up 0.04%, the S&P 500 down 0.24%, and the Nasdaq down 0.67% [2] - The S&P 500 index has declined for four consecutive trading days, driven by concerns over the high valuations of large tech stocks, leading investors to sell tech shares and seek returns in other sectors [1] Technology Sector - Major tech stocks experienced a broad decline, with the index of the seven largest U.S. tech companies falling by 1.07%. Notable individual stock movements included Apple down nearly 2%, and Amazon, Tesla, and Google each down over 1% [4] - Semiconductor stocks also faced downward pressure, with the Philadelphia Semiconductor Index dropping 0.72%. Intel saw a significant decline of 6.99%, while Micron Technology fell nearly 4% [4] Federal Reserve Insights - The Federal Reserve's FOMC meeting minutes from July 29-30 revealed a consensus to maintain the federal funds rate target range at 4.25%-4.5%. However, two members voted against this decision, advocating for a 25 basis point cut to prevent further weakening in the labor market [9] - The minutes indicated that while there were fluctuations in net exports, recent indicators suggested a slowdown in economic activity during the first half of the year, with inflation remaining slightly elevated and economic uncertainty persisting [9] Commodity Market - On August 20, international precious metal futures generally rose, with COMEX gold futures increasing by 1% to $3392.2 per ounce, and COMEX silver futures rising by 1.51% [6] - Oil prices also saw an increase, with U.S. crude oil main contract rising by 1.73% to $62.84 per barrel, and Brent crude oil main contract up by 1.76% to $66.95 per barrel, driven by a significant decrease in U.S. crude oil inventories [7]

8月20日消息，据 外媒报道， 特朗普政 府拟通 过《芯片法案》资金换股， 计划强行入股英 特尔、美光、三星、台积电四大芯片巨头， 引发市场根基担忧 ！ 周三，据业内人士透露，卢特尼克正研究入股美光、台积电和三星等公司。 去年年底时，美国商务部最终确定向三星提供47.5亿美元补贴，向美光提供62亿美元补贴，向台积电提 供66亿美元补贴，以支持它们在美国生产半导体。目前，对这些公司的大部分补贴资金尚未发放。 转自：国芯网 加入"中国IC独角兽联盟"，请点击进入 所谓的"以股换补"计划，就是以美国 《芯片与科学法案》 相关补贴换取相关公司的股份的一种说法。 当地时间周二， 美商务部长 卢特尼克证实，美国联邦政府正与英特尔磋商，考虑用英特尔获批的 《芯片法案》相关补贴换取该公司10%的股份。如若此举可行，美国政府将成为英特尔的最大股东。 知情人士曝料，政府拟持股Intel约10%，用补贴换取话语权，三星、美光、台积电的66亿、62亿和47.5 亿美元补助也可能变相"国有化"。白宫宣称这是"创新方案"，优先美国需求，但专家警告：政府伸手企 业运营，恐颠覆自由市场根基！ 当时卢特尼克还强调，即便政府入股，也不会获得投票 ...

Core Viewpoint - Intel is experiencing a revival as a leading chipmaker, bolstered by SoftBank's $2 billion investment and potential government stake, aimed at strengthening domestic chip production capabilities [1][2][5]. Group 1: Investment and Stakeholders - SoftBank has acquired a nearly 2% stake in Intel, valued at $2 billion, indicating confidence in Intel's recovery [1]. - The Trump administration is considering a 10% stake in Intel, which could position the U.S. government as the largest shareholder [1]. - Intel has received approximately $11 billion in grants through the CHIPS Act for commercial and military chip production, which may be converted into equity by the government [2]. Group 2: Financial Performance and Projections - Intel's shares surged by 18% in August, outperforming broader market indexes, as investor sentiment improves [3]. - Intel is projected to return to profitability in fiscal 2025 with earnings of $0.15 per share, recovering from an adjusted loss of -$0.13 per share last year [10]. - Total sales for Intel are expected to dip over 1% this year but are projected to rebound by 4% in FY26 to $54.2 billion, still below the peak of $79 billion in 2021 [11]. Group 3: Strategic Importance of Investment - SoftBank's investment provides Intel with financial flexibility, crucial for stabilizing operations after a significant loss of $18.8 billion in 2024, marking its first unprofitable year since 1986 [6]. - The investment is vital for Intel to maintain its mega semiconductor factory project in Ohio, which is seen as a key infrastructure initiative [7][9]. - SoftBank's deep ties with Intel and its investments in AI and semiconductor companies position it as a significant player in the global chip supply chain [4][5]. Group 4: Financial Health and Valuation - Intel's balance sheet shows strong financial health, with total assets of $192.52 billion and total liabilities of $86.76 billion as of Q2 [12]. - The company has over $21 billion in cash and equivalents, providing a solid financial cushion [12]. - Intel's price-to-sales ratio is near the preferred level of less than 2X forward sales, contrasting with higher valuations of peers like Nvidia and Taiwan Semiconductor [13].