Sou Hu Cai Jing·2025-10-12 23:31Market Overview - Market sentiment regarding trade issues has eased, leading to a rise in US stock futures, with S&P 500 and Nasdaq futures up over 1% [1] - Bitcoin rebounded to over $115,000, gaining more than 6% from its daily low, while Ethereum approached $4,200, rebounding over 10% [1] Key News - The Chinese Ministry of Commerce responded to the US's 301 investigation into Chinese shipbuilding, stating that China's export controls on rare earths are not prohibitions and urging the US to correct its mistakes [10][11] - Qualcomm is under investigation by China's market regulator for alleged antitrust violations related to its acquisition of Autotalks [12] - The Dutch government has taken action against the semiconductor company Nexperia, limiting Chinese ownership and control [18] Market Performance - US stock markets saw significant declines, with the S&P 500 down 2.71% and the Nasdaq down 3.56% for the week [5] - In the commodities market, WTI crude oil futures fell 4.24% to $58.90 per barrel, while Brent crude dropped 3.82% to $62.73 per barrel [5] Company Developments - HashKey Group, Hong Kong's largest licensed cryptocurrency exchange, is considering an IPO with a valuation of up to $500 million [20] - Figure 03, a robot capable of performing various household tasks, aims to produce 100,000 units in four years, leveraging advanced AI technology [21] Industry Trends - Shanghai is accelerating the development of industries such as silicon photonics, 6G, and fourth-generation semiconductors [12] - The Chinese government is promoting the deployment of AI models in the public sector to enhance service capabilities and data governance [19]