Core Viewpoint - The article discusses the current market trends, highlighting the performance of various sectors and the impact of geopolitical events on commodity prices, particularly gold and oil [4]. Market Performance - As of midday, the Shanghai Composite Index is at 3382.14 points, down 0.19%, while the Shenzhen Component is flat at 10163.07 points, and the ChiNext Index is at 2054.48 points, down 0.14%. Over 3000 stocks in the market are in the red [1]. - The stablecoin theme continues to gain traction, with solid-state batteries, oil and gas, and AI wearable concept stocks being active. In contrast, sectors like IP economy, gold, innovative drugs, computing power, and low-altitude economy are experiencing pullbacks [1]. Sector Analysis - The brain-computer interface sector shows a significant increase of 6.29%, while the battery sector rises by 2.46%. Conversely, the film and television sector declines by 1.62%, and the digital currency sector decreases by 1.84% [2]. - The home appliance sector has seen a cumulative increase of 1.9% from January to May 2025, ranking 12th among sub-industries. The sector is characterized by a recovery in domestic sales and challenges in exports [4]. Geopolitical Impact - The ongoing Israel-Palestine conflict has heightened geopolitical risks, leading to short-term increases in gold and oil prices. Historical data suggests that such geopolitical events primarily serve as catalysts for short-term price movements rather than long-term trends [4]. - The article emphasizes that the main drivers of gold prices are actual interest rates and global uncertainty, suggesting a bullish outlook for gold in the medium to long term [4].

Key Points - The National Medical Products Administration plans to complete the review and approval of clinical trial applications for innovative drugs that meet requirements within 30 working days [4] - The U.S. and U.K. have reached a trade agreement, which includes a quota of 100,000 vehicles per year for U.S. imports from the U.K. with a 10% tariff rate [6] - The U.S. President Trump announced a temporary suspension of sanctions against Russia to facilitate negotiations [6] - The industrial added value in China increased by 5.8% year-on-year in May, while the retail sales of consumer goods reached 41,326 billion yuan, growing by 6.4% year-on-year [4] Company News - GAC Group denied rumors regarding employee stock ownership related to GAC Aion [9] - Midea Group plans to repurchase shares worth between 5 billion to 10 billion yuan [9] - Chongqing Steel signed an asset transfer contract worth 1.081 billion yuan with Chongqing Iron and Steel Group [9] - Muyuan Foods has submitted H-share filing materials to the China Securities Regulatory Commission [9] - Weir Group's stock name will change to "Haowei Group" starting June 20 [9] - LaKala is planning to issue H-shares and list on the Hong Kong Stock Exchange [9] - China Bank's Vice President Zhang Xiaodong has left due to job relocation [9] Industry Insights - CITIC Securities has received approval to issue up to 6 billion yuan in technology innovation bonds [10] - Huatai Securities has received registration approval from the CSRC for issuing up to 10 billion yuan in technology innovation corporate bonds [10] - Huatai Securities is optimistic about the home appliance sector, highlighting the strong demand for core assets and the potential for overseas market expansion [11] - CITIC Securities predicts a price increase of 5%-10% in the wind turbine sector by 2025, indicating a new profit recovery cycle for the industry [12]