Group 1 - The U.S. Senate is considering a new bill that could impose severe tariffs on countries importing energy products from Russia, potentially disrupting global energy markets and increasing prices for all energy products [1][2] - The bill, named the "2025 Sanctions on Russia Act," aims to punish Russia for its refusal to negotiate a ceasefire regarding the ongoing Ukraine conflict, proposing a 500% tariff on all Russian-origin oil, gas, uranium, and petrochemical imports [1][3] - Major U.S. trading partners that import energy from Russia include India, South Korea, and Turkey, which could face similar tariffs on their exports to the U.S. if they continue to engage with Russian energy companies [1][2] Group 2 - Analysts warn that such extensive sanctions could lead to rising energy prices, with Europe likely to feel the most significant impact, but the U.S. would also be affected [2][3] - The current administration's approach has been to implement a price cap on Russian oil rather than outright sanctions, which has not effectively curtailed Russian military funding [2][3] - The ambiguity surrounding the White House's stance on sanctions indicates a preference for a diplomatic resolution before imposing further measures [4][6]

Market Overview - The overall market is in a turbulent phase, but interest rate cuts provide a hedge, leading to strong demand for CATL (宁德时代) shares, boosting market confidence [1] - The Hang Seng Index continued to rise last week [1] - A new round of tariffs was announced by Trump, imposing a 50% tariff on the EU and a 25% tariff on non-US smartphone manufacturers starting June 1, which negatively impacts consumer electronics [1] - The upcoming Federal Reserve meeting minutes may exert pressure on US stocks if they lean hawkish [1] - The National Development and Reform Commission approved the "Green and Low-Carbon Development Action Plan for Manufacturing (2025-2027)" [1] Nuclear Energy Sector - Trump's executive order aims to promote the US nuclear power industry, leading to a surge in related company stock prices [3] - The order requires the Nuclear Regulatory Commission to reduce regulatory measures and expedite the approval of new reactors and nuclear plants [3] - China General Nuclear Power Corporation (中广核矿业) expects a revenue of 8.624 billion yuan in 2024, a year-on-year increase of 17.05%, with a pre-tax profit of 814 million yuan, up 48.3% [3] AI and Technology Sector - The AI industry is accelerating, with significant advancements in Agent commercialization, including updates to Google's Gemini 2.5 model and Anthropic's Claude 4 model [5] - Huawei's HarmonyOS PC was officially launched, marking a breakthrough in the consumer sector [6] - The potential market for HarmonyOS PCs is substantial, with an estimated annual market shipment of 40 million units in mainland China in 2024 [6] Market Data - The Hong Kong Stock Exchange reported a total of 101,082 open contracts for the Hang Seng Index futures in May, with a net open interest of 34,435 contracts [7] - Concerns over rising funding costs were raised due to a significant drop in long-term bonds in Japan and the US [7]