Group 1 - Semiconductor company SMIC (00981) reported a 19.5% year-on-year decline in net profit for Q2, with an expected revenue growth of 5% to 7% in Q3 [1] - Chifeng Jilong Gold Mining (06693) announced the discovery of a gold-copper deposit in Laos and expects over 50% increase in net profit for the first half of the year [1] - Huya Technology (01860) saw a rise of over 2% following a nearly 12% increase in AppLovin's stock, which reported better-than-expected Q2 results and strong future growth in programmatic advertising [1] Group 2 - Guofu Hydrogen Energy (02582) surged over 9% after announcing a deep cooperation with Germany's Hemtron GmbH to develop a liquid hydrogen supply chain [2] - Hutchison China MediTech (00013) fell over 14% as it reported a 9.2% decline in revenue for the first half, despite a significant increase in net profit due to the sale of joint venture equity [2] - Cryptocurrency-related stocks saw gains, with several Ethereum ETFs rising over 5% following a favorable executive order from former President Trump allowing alternative assets in retirement accounts [2] Group 3 - Beihai Kangcheng-B (01228) increased over 26%, with a cumulative rise of nearly 900% since June, driven by the launch of a new treatment for Gaucher disease [3] - Mongolia Coal (00975) warned of a projected loss of $15 million to $25 million for the first half of the year, a significant decline from a net profit of $133 million in the same period last year [3] - Zoomlion Heavy Industry (01157) rose over 4% as excavator sales in July increased by 25.2% year-on-year, indicating strong demand in the construction sector [3] Group 4 - Lyft (LYFT.US) saw a slight decline in after-hours trading but projected strong performance for the second half of the year, expecting a 13% to 17% increase in total bookings for Q3 [4] - E.l.f. Beauty (ELF.US) dropped over 13% after reporting a 30% decline in net profit for Q2, citing potential impacts from new tariffs [4] - Airbnb (ABNB.US) reported Q2 revenue of $3.1 billion, exceeding expectations, but anticipates growth pressure in the latter half of the year due to high base effects [4] Group 5 - TSMC (TSM.US) rose 4.86% amid news of potential tariff exemptions for its $200 billion investment plan in the U.S. [5] - Baidu (BIDU.US) increased by 0.76% as it plans to launch a new inference model by the end of August [5] - ZTO Express (ZTO.US) rose 3.91% following news of a price increase in the express delivery industry in Guangdong [5] Group 6 - Fortinet (FTNT.US) fell significantly despite reporting a 14% year-on-year revenue growth for Q2, as conservative guidance raised concerns about growth momentum [6] - Duolingo (DUOL.US) surged 13.75% after reporting Q2 revenue of $252.3 million, a 41% increase, and a net profit that nearly doubled year-on-year [6] - AppLovin (APP.US) rose nearly 12% after reporting Q2 revenue of $1.259 billion, a 77% increase, and a significant rise in net profit [7]

每经AI快讯，8月8日，以太坊持续攀升，日内涨超3%至3950美元上方，创2024年12月以来新高。 ...

本文源自：金融界AI电报 以太坊持续攀升，日内涨超3%至3950美元上方，创2024年12月以来新高。 ...

Group 1 - The cryptocurrency ETF and related concept stocks have mostly risen, with notable increases in prices for various funds and companies [1] - The rise in the cryptocurrency market is attributed to a favorable development where U.S. President Trump signed an executive order allowing alternative assets, including cryptocurrencies, to enter 401K retirement savings plans, potentially unlocking approximately $12.5 trillion in retirement account funds [1] - Following this news, Bitcoin's price surpassed $116,000 per coin, while Ethereum increased by over 5%, exceeding $3,800 per coin, along with significant gains in other cryptocurrencies like Dogecoin and Sui, which saw over 7% increases within 24 hours [1]

Report Industry Investment Ratings - There is no information provided regarding the overall industry investment ratings in the report. Core Views - Trump and Putin may meet soon, which reduces the possibility of Trump imposing additional tariffs on Russia, and there is a glimmer of hope for an end to the Russia-Ukraine war, but a quick cease - fire is not expected [8]. - For polysilicon, it is still in a policy - driven market. Short - term trading logic is more related to policy information, with a general strategy of buying on dips. There may be opportunities for inter - month reverse arbitrage, and investors are advised to control risks [9][10]. - For caustic soda, the valuation is at a low level. The peak - season contracts should be treated bullishly. Although it is currently in a weak situation, the cost support is strong, and the peak - season demand is expected to drive the price up [11]. Summary by Related Catalogs Pre - market Highlights - **Polysilicon**: Still in a policy - driven market, short - term price affected by acquisition policy progress. Upstream inventory increased, prices in the industrial chain are not smoothly transmitted. Focus on policy - related sentiment disturbances, with a long - buying strategy on dips and potential inter - month reverse arbitrage opportunities [9][10]. - **Caustic Soda**: Valuation is low. Current decline is due to high production, off - season demand, and export price negotiation. Cost support is strong, and peak - season demand, especially from alumina production in Guangxi, is expected to drive up the price. Do not short at the current low valuation [11]. Commodity Research Morning Report - **Precious Metals**: Gold is affected by weak non - farm payrolls data, and silver shows a slight rebound. The trends of both are relatively mild [15][19]. - **Base Metals**: - **Copper**: The decline of the US dollar supports the price. There are various macro and industry news, such as Trump's administrative order and trade - related issues. The trend strength is neutral [15][24]. - **Zinc**: Ranges within a certain interval. The trend strength is neutral [15][27]. - **Lead**: The increase in LME cancelled warrants supports the price. The trend strength is neutral [15][30]. - **Tin**: Ranges within a certain interval. The trend strength is slightly bearish [15][33]. - **Aluminum**: The price is under pressure. Alumina oscillates downward, and cast aluminum alloy follows the trend of electrolytic aluminum. The trend strengths of all are neutral [15][38]. - **Nickel**: The multi - and short - side game intensifies, and the price oscillates narrowly. The trend strength is neutral [15][40]. - **Stainless Steel**: The supply elasticity and macro expectations are in a game, and the price oscillates. The trend strength is neutral [15][41]. - **Energy and Chemicals**: - **Carbonate Lithium**: The weekly production increase leads to inventory accumulation. Attention should be paid to the fermentation of the mining license renewal event. The trend strength is slightly bullish [15][46]. - **Industrial Silicon**: Inventory is being depleted. Attention should be paid to market sentiment. The trend strength is neutral [15][50]. - **Polysilicon**: Attention should be paid to the fermentation of market information. The trend strength is slightly bullish [15][50]. - **Iron Ore**: Oscillates repeatedly. The trend strength is slightly bearish [15][53]. - **Coke and Coking Coal**: Both show a relatively strong oscillation trend. The trend strengths are neutral [15][56]. - **Log**: Oscillates repeatedly. The trend strength is neutral [15][60]. - **Para - Xylene**: Supply - demand pressure increases, and the trend is weak. The trend strength is slightly bearish [15][66]. - **PTA**: The processing fee is at a low level. Attention should be paid to unplanned production cuts. The trend strength is slightly bearish [15][66]. - **MEG**: A strategy of going long on MEG and short on PTA/PX is recommended. The trend strength is neutral [15][66]. - **Agricultural Products**: - **Palm Oil**: Due to repeated macro - market sentiment, a strategy of going long at low levels is recommended [15][17]. - **Soybean Oil**: Oscillates at a high level. Attention should be paid to the China - US trade agreement [15][17]. - **Soybean Meal**: Exports are good, and US soybeans have risen. Dalian soybean meal may follow the upward trend [15][17]. - **Corn**: Runs weakly [15][17]. - **Sugar**: Is in an oscillation period [15][17]. - **Cotton**: Oscillates narrowly [15][17]. - **Egg**: The spot price shows a rebound sentiment [15][17]. - **Live Pig**: The trading volume is poor, and a reverse arbitrage strategy is maintained [15][17]. - **Peanut**: Attention should be paid to the weather in the producing areas [15][17].

1. Report Industry Investment Ratings - No specific industry - wide investment ratings are provided in the report. 2. Core Views - The report provides trend forecasts and fundamental analysis for various commodities, including precious metals, base metals, energy, chemicals, agricultural products, etc. Each commodity has its own unique market situation and influencing factors, such as macro - economic news, supply - demand relationships, and policy changes [2][11][20]. 3. Summary by Commodity Precious Metals - **Gold**: Non - farm payroll data weakened, and the price showed certain strength. The trend intensity is 1. For example, Comex gold 2510 had a 1.48% daily increase [2][6]. - **Silver**: There was a slight rebound, with a trend intensity of 1. Comex silver 2510 rose 1.57% [2][6]. Base Metals - **Copper**: The decline of the US dollar supported the price. The trend intensity is 0. China's un - wrought copper and copper products imports in July increased compared to the same period last year [11][13]. - **Zinc**: It showed range - bound fluctuations, with a trend intensity of 0. LME zinc inventory decreased [14]. - **Lead**: The increase in LME cancelled warrants supported the price, with a trend intensity of 0 [17]. - **Tin**: It was in range - bound fluctuations, with a trend intensity of - 1 [19][20]. - **Aluminum**: The price was under pressure. The trend intensity of aluminum, alumina, and aluminum alloy is 0. The LME aluminum cash - 3M spread and other indicators changed [25][26]. - **Nickel**: The multi - empty game intensified, and the nickel price had narrow - range fluctuations, with a trend intensity of 0 [27]. - **Stainless Steel**: There was a game between the reality of supply elasticity and macro - expectations, and the steel price fluctuated, with a trend intensity of 0 [28]. Energy and Chemicals - **Carbonate Lithium**: The weekly production increase led to inventory accumulation. The trend intensity is 1. The weekly production increased by 2288 tons, and the industry inventory increased by 692 tons [33][35]. - **Industrial Silicon**: The inventory was being reduced, and market sentiment should be monitored. The trend intensity is 0 [37]. - **Polysilicon**: Attention should be paid to the fermentation of market information, with a trend intensity of 1 [37]. - **Iron Ore**: It showed repeated fluctuations, with a trend intensity of - 1. China's iron ore imports in July decreased compared to the previous month [41][42]. - **Coke and Coking Coal**: They showed relatively strong fluctuations, with a trend intensity of 0 [44][45]. - **Log**: It showed repeated fluctuations, with a trend intensity of 0 [48]. - **Para - Xylene**: Supply - demand pressure increased, and the trend was weak, with a trend intensity of - 1 [54]. - **PTA**: The processing fee was at a low level, and attention should be paid to unplanned production cuts, with a trend intensity of - 1 [54]. - **MEG**: Go long on MEG and short on PTA/PX, with a trend intensity of 0 [54]. - **Rubber**: It was in range - bound operation, with a trend intensity of 0 [62]. Agricultural Products - **Palm Oil**: Due to repeated macro - sentiment, it is advisable to go long at low levels [4]. - **Soybean Oil**: It was in high - level fluctuations, and attention should be paid to the China - US trade agreement [4]. - **Soybean Meal**: Exports were good, and the US soybean price rose, so the Dalian soybean meal might follow the rebound [4]. - **Corn**: It was in a weak operation [4]. - **Sugar**: It was in a volatile period [4]. - **Cotton**: It had narrow - range fluctuations [4]. - **Egg**: There was a rebound sentiment in the spot market [4]. - **Live Pig**: The transaction was poor, and the reverse spread should be maintained [4]. - **Peanut**: Attention should be paid to the weather in the producing areas [4].

Group 1 - A sudden market storm hit the Asia-Pacific region on August 1, 2025, triggered by a significant drop in Bitcoin, leading to a global market turmoil with 160,000 people liquidated and losses amounting to 4.23 billion RMB [1][5] - The Nikkei 225 index in Japan experienced a maximum decline of 1%, while the South Korean Composite Index fell by 3% [4][8] - The adjustment of tariffs by the U.S. President Trump, ranging from 10% to 41%, ignited a risk-averse sentiment among global investors, causing a rapid flight of capital [2][10] Group 2 - Bitcoin's price fell below $115,000, marking a nearly 3% drop within the day, which shattered previous hopes for new highs [4][12] - The manufacturing PMI data for Japan and South Korea in July was disappointing, further undermining market confidence [7] - The market downturn was attributed to multiple factors, including tariff adjustments, poor economic data, and pervasive market anxiety, with uncertainty being the primary concern [7][10] Group 3 - The A-share market showed resilience with a surprising reversal, particularly in the pharmaceutical and education sectors, indicating that capital is actively seeking new opportunities [4][12] - The cryptocurrency market is viewed as a high-risk asset, with experts highlighting the significant market, technical, and regulatory risks it faces [8][10] - The recent market events reflect a broader struggle among global political, economic, and technological forces, suggesting that investors need to develop a keen sense of judgment and timing to navigate the complexities [12][14]

币安宣布，其欧洲用户现在可以使用万事达卡应用和信用卡将加密货币转换为法币，并直接提取资金。 币安在一份声明中表示，新推出的买卖服务在币安网站和应用程序上均可使用，由万事达卡的资金流动 解决方案系列Mastercard Move提供支持。该功能允许用户选择将加密货币出售，并将法币余额转入万 事达卡，或将他们现有的法币余额提取至万事达卡上。 ...

Group 1 - The core viewpoint of the article highlights a positive development in the cryptocurrency sector, driven by a new executive order from President Trump that allows alternative assets, including cryptocurrencies, to be included in 401K retirement savings plans, potentially unlocking around $12.5 trillion in retirement account funds [1] - Following the announcement, cryptocurrency-related stocks experienced significant gains, with notable increases in prices for various Ethereum-related funds and companies, such as 嘉实以太币 (up 5.25%), 博时以太币 (up 5.12%), and 华夏以太币 (up 5.06%) [1] - The overall cryptocurrency market saw a substantial uplift, with Bitcoin surpassing $116,000 per coin and Ethereum rising over 5% to exceed $3,800 per coin, alongside other cryptocurrencies like Dogecoin and Sui also experiencing notable increases [1]

Group 1 - The core viewpoint of the article highlights a positive shift in the cryptocurrency market following a significant regulatory change in the U.S. that allows alternative assets, including cryptocurrencies, to be included in 401K retirement savings plans [1] - Major cryptocurrency-related stocks experienced notable increases, with 嘉实以太币 (Jiashi Ethereum) rising by 5.25% to 9.425 HKD, 博时以太币 (Bosera Ethereum) up 5.12% to 3 HKD, and 华夏以太币 (Huaxia Ethereum) increasing by 5.06% to 9.335 HKD [1] - The announcement from President Trump is expected to unlock approximately 12.5 trillion USD in retirement account funds for the cryptocurrency sector, which traditionally has been dominated by safer investments like stocks and bonds [1] Group 2 - The cryptocurrency market saw a significant rally, with Bitcoin surpassing 116,000 USD per coin and Ethereum rising over 5% to exceed 3,800 USD per coin [1] - Other cryptocurrencies also experienced gains, with Dogecoin and Sui both rising over 7% within 24 hours [1]