Group 1 - Kangji Medical (09997) resumed trading with a nearly 1% increase, announcing a privatization agreement with Knight Bidco Limited, which will make Kangji a wholly-owned subsidiary and delist from the Hong Kong Stock Exchange after completion [1] - Tencent Music (01698) opened high with over a 15% increase, reporting a 30% year-on-year increase in adjusted net profit for Q2 ending June 30, 2025, driven by high-quality growth in its online music business [1] - Mingyuan Cloud (00909) opened over 2% higher, announcing a cash acquisition of 100% equity in ASIOT Co., Ltd. for 700 million yen by its subsidiary MytePro Japan [1] Group 2 - Yuedu Group (00772) surged over 15%, reporting a 68.5% year-on-year increase in net profit for the first half of the year, with strong performance in IP for premium films and animations, and significant growth in the emerging short drama sector [2] - Minmetals Resources (01208) rose over 9%, with net profit increasing 15 times year-on-year, attributed to higher copper production and rising prices of copper, gold, silver, and zinc [2] - Beihai Kangcheng-B (01228) increased over 31%, announcing a strategic cooperation agreement with Baiyang Pharmaceutical for exclusive commercial services in promoting several products in mainland China, Hong Kong, and Macau [2] Group 3 - Zhonghui Biotech-B (02627) surged over 25%, as its vaccine product was included in the preliminary review list of the national commercial health insurance innovative drug catalog [2] - Gilead Sciences-B (01672) rose over 5%, announcing promising efficacy results for its candidate drug ASC47 in combination with teriparatide for obesity treatment in diet-induced obesity mouse studies [3] - Dongying Travel (06882) fell over 9%, issuing a profit warning with expected net profit of approximately 6 million HKD for the first half of 2025, down about 82% from 34 million HKD in the same period last year [3] Group 4 - Kodak (KODK.US) dropped 19.91% after reporting a shift from profit to loss in Q2, raising concerns about its ability to execute critical financing measures [4] - Niu Technologies (NIU.US) rose 11.69%, reporting a turnaround to profitability in Q2 and projecting Q3 revenue between 1.433 billion to 1.638 billion CNY, a year-on-year increase of 40% to 60% [4] - Huya (HUYA.US) increased by 4.53%, preparing to release its financial report, with a strong growth trajectory in gaming-related services [4] Group 5 - ON Running (ONON.US) rose 8.95%, reporting a 32% year-on-year increase in Q2 sales and projecting annual net sales of at least 2.91 billion Swiss francs, exceeding previous expectations [6] - Micron Technology (MU.US) increased by 3.26%, significantly raising its Q4 fiscal year 2025 revenue guidance to between 11.1 billion to 11.3 billion USD, with gross margin guidance improved to 44% to 45% [6]

Industry Trend - The resilience of Sony and Nintendo to tariffs positions Japan as a new safe haven [1]

Core Viewpoint - Sony's stock is down 1.4% in pre-market trading due to concerns over potential competition from a collaboration between Samsung Electronics and Apple in the image sensor market, which could threaten Sony's dominant position as the exclusive supplier of image sensors for Apple's iPhones [1] Group 1: Market Position - Sony currently holds the exclusive supply contract for image sensors required by Apple for its iPhones, which have seen annual sales exceeding 200 million units in recent years [1] - The collaboration between Apple and Samsung could result in Sony losing a significant revenue stream, as the demand for image sensors from Apple is substantial [1] Group 2: Competitive Landscape - The partnership between Samsung and Apple in the image sensor space may disrupt Sony's market leadership, highlighting the competitive dynamics within the technology sector [1]

Group 1 - Shanghai government released the "Implementation Plan for the Development of Embodied Intelligence Industry," aiming to accelerate the construction of an industry advantage in embodied intelligence [2] - The plan includes a maximum support of 30% of the total project investment, capped at 50 million yuan, and rewards for companies selling or leasing embodied intelligence robots [2][2] - The initiative positions Shanghai as a global innovation hub in the embodied intelligence sector, reflecting a competitive shift towards ecosystem-building capabilities among cities [2] Group 2 - Pinduoduo has accelerated AI talent recruitment, focusing on positions related to large models and machine learning, despite not publicly discussing AI strategies [4] - The recruitment aims to enhance user growth through AIGC content and improve various operational aspects, indicating a positive outlook on e-commerce growth [4] Group 3 - Sony reported a 23% year-on-year increase in net profit for Q1 of FY2025, with sales revenue of 26,216 million yen and operating profit of 3,400 million yen [5] - The gaming business remains a key growth driver, with a significant increase in sales and operating profit attributed to software and network services [5][5] - Sony has raised its operating profit forecast for FY2025 to 14,000 million yen, highlighting the importance of its entertainment business in China [5] Group 4 - The proposal for a 2 million yuan monthly salary for the general manager of Brolant Robotics was rejected by the board, amid concerns over governance and management issues [6] - The investment firm expressed concerns about potential asset misappropriation and called for a vote to restore normal governance structures [6] Group 5 - DJI launched its first vacuum robot, DJI ROMO, priced from 4,699 yuan, targeting the high-end market with solid-state laser radar technology [7] - The vacuum robot market has low penetration, with only 5.5% in China last year, indicating a competitive landscape for DJI [8] Group 6 - Create.AI has opened a 2,000 square meter motion capture facility, capable of capturing multiple body movements and facial dynamics simultaneously, aimed at high-precision content production [10] - The transition from TuSimple to Create.AI reflects a strategic shift towards generative AI and entertainment, leveraging past data capabilities [10]

Group 1 - Sony's CFO revealed that the company is making adjustments regarding U.S. tariffs to reduce the likelihood of price increases for the PS5 in the North American market [1] - Sony has relocated the production line for PS5 consoles sold in North America from mainland China to regions with lower tariffs, and plans to move PS5 accessories production to similar areas [3] - The company intends to "reduce reliance on hardware," aligning with previous reports of a potential cross-platform strategy, indicating that more previously exclusive PlayStation games may be available on PC and other competitors' platforms [3]

Core Viewpoint - US stock markets experienced collective gains, with the Dow Jones up 0.47%, the Nasdaq up 0.98%, and the S&P 500 up 0.78%, indicating a positive market sentiment for the week [1] Group 1: Market Performance - The Dow Jones increased by 1.35% over the week, while the Nasdaq saw a significant rise of 3.87%, and the S&P 500 rose by 2.43% [1] - Notable tech stocks performed well, with Apple rising over 4% and achieving a weekly gain of 13%, marking its best weekly performance since July 2020 [1] - Other tech stocks like Google and Tesla increased by over 2%, while Nvidia saw a rise of over 1% [1] Group 2: Sector Performance - The automotive and consumer electronics sectors led the gains, with GoPro rising over 7%, Sony up over 4%, and both Toyota and Honda increasing by over 3% [1] - Conversely, the sports betting and cruise sectors faced declines, with Flutter Entertainment dropping over 8%, and Carnival and Royal Caribbean cruise lines falling by over 2% [1] Group 3: Chinese Stocks - The Nasdaq Golden Dragon China Index fell by 0.26% but still recorded a weekly gain of 2.39% [1] - Among popular Chinese stocks, NIO rose over 3% and XPeng Motors nearly 3%, while Bilibili, iQIYI, and Miniso saw declines of over 1% [1]

Group 1 - The core viewpoint of the article highlights Sony's strong financial performance in the first quarter of the fiscal year 2025, with revenue and profit growth indicating a positive trend for the company [1] - Sony's revenue for Q1 FY2025 reached 2.6216 trillion yen, representing a year-on-year increase of 2% [1] - The operating profit for the same period was 340 billion yen, showing a significant year-on-year growth of 36% [1] - Net profit for Q1 FY2025 was reported at 259 billion yen, which is a 23% increase compared to the previous year [1] Group 2 - Sony announced the shipment of 2.5 million PS5 units in Q1 FY2025, bringing the total PS5 shipments to 80.3 million units [1] - The number of monthly active users increased from 116 million to 123 million, reflecting a quarter-on-quarter growth of 6% [1] Group 3 - As of August 8, 2023, Sony's stock price closed at $26.030, with a pre-market increase of nearly 4% [1] - The company's market capitalization stands at approximately $155.99 billion [1] - The price-to-earnings ratio is reported at 20.24, with a dividend yield of 0.530% [1]

Group 1 - The easing of US-Japan trade relations and strong earnings reports from major Japanese tech companies have boosted market sentiment, leading to an increase in Asian stock markets [1][2] - The MSCI Asia-Pacific Index rose by 0.4%, marking its fifth consecutive day of gains, while the Nikkei 225 Index increased by 1.9% and the Tokyo Stock Price Index (TOPIX) reached a new high above 3000 points [1][2] - Japanese automotive stocks, including Toyota and Honda, saw price increases, and SoftBank's stock surged over 10% due to its return to profitability, reaching a historical high [1][2] Group 2 - The agreement between the US and Japan on tariff issues includes a unified 15% tariff on Japanese goods, which is lower than the previously threatened 25% rate by the Trump administration [1][2] - The S&P 500 futures and Nasdaq 100 futures both rose by over 0.1%, indicating a potential third consecutive day of gains [1] - The US Treasury prices showed slight increases, with the 10-year Treasury yield declining by approximately 1 basis point [2]

Group 1: Federal Reserve Nomination - President Trump nominated Stephen Moore, the current chairman of the White House Council of Economic Advisers, to the Federal Reserve Board, indicating a potential shift towards a more dovish stance at the Fed [3][4] - The nomination follows the resignation of Fed Governor Kugler, allowing Trump to make a new appointment ahead of schedule [3] - Analysts suggest that Moore's appointment may lead to a weaker dollar as he has previously expressed support for lower interest rates and has written papers on weakening the dollar [5] Group 2: Japanese Stock Market Performance - The Japanese stock market saw significant gains, with the TOPIX index rising 1.5% to surpass the 3000-point mark for the first time, marking a historical high [1][7] - SoftBank Group's stock surged over 12% after reporting a net profit of 421.82 billion yen for the first quarter, significantly exceeding market expectations [7] - Sony's stock increased over 6%, with the company raising its full-year profit guidance after reporting a 36% year-on-year increase in operating profit for the first quarter [8]

Core Viewpoint - The nomination of Stephen Milar by President Trump to the Federal Reserve Board suggests a shift towards a more dovish stance by the Fed, potentially leading to a depreciation of the US dollar [3][5]. Group 1: Federal Reserve Nomination - President Trump nominated Stephen Milar, the current chairman of the White House Council of Economic Advisers, to fill a vacant position on the Federal Reserve Board, with a term ending on January 31, 2026 [3]. - Milar has a history of supporting Trump's calls for interest rate cuts and has previously served as a senior economic policy advisor at the Treasury during Trump's first term [4]. - The nomination requires Senate confirmation, which is expected to take 4 to 8 weeks, indicating that the new appointee may not participate in the upcoming FOMC meeting in September [4][5]. Group 2: Market Reactions - Following the Fed's dovish signals, the Japanese stock market saw significant gains, with the TOPIX index rising 1.5% to surpass 3000 points, marking a historical high [2][6]. - SoftBank Group's stock surged over 12% after reporting a net profit of 421.82 billion yen for the first quarter, significantly exceeding market expectations [6]. - Sony's stock increased over 6%, with the company raising its full-year profit guidance after reporting a 36% year-on-year increase in operating profit for the first quarter [7]. Group 3: Trade Relations and Tariffs - Japan's trade negotiations with the US are ongoing, with Japanese officials expressing concerns over the implementation of tariffs that exceed previously agreed rates [8]. - The US has committed to correcting administrative orders that could lead to higher tariffs on Japanese goods, which could impact market sentiment [7][8].