日本东证指数周四触及历史新高，追随华尔街隔夜强劲涨势，而日本国内企业稳健的盈利表现进一步增 强了人们对工资增长的预期。截至发稿，东证指数上涨近1%，报2993.14点。早些时候，该基准指数触 及2993.21点的历史新高。日经指数上涨0.9%，报41151.07点。 只要当前的势头得以保持，这两个指数都将连续第三个交易日上涨。在对美国经济和贸易的担忧日益加 剧的情况下，日经指数周一出现两个月来的最大跌幅，随后在接下来的三天里出现反弹。 住友三井信托资产管理公司首席策略师Hiroyuki Ueno表示："市场现在确信美国经济不会放缓。这对日 本央行的加息决策过程来说很重要。鉴于企业盈利状况良好以及工资上涨的趋势，市场目前预计日本央 行将在年底前加息。" 然而，日本政府周三公布的数据显示，由于通胀持续高于工资增长，日本实际工资在6月份连续第六个 月下降。这一趋势给日本央行的政策转变前景蒙上阴影，因为工资增长被视为可持续通胀的关键指标。 与此同时，越来越多的人预期，美联储最早可能在9月开始降低利率以支撑经济。 在东京证券交易所主板市场交易的1600多只股票中，70%上涨，26%下跌，3%持平。其中，三菱日联金 融集 ...

Market Performance - The Hong Kong stock market saw a rebound in the morning session, with the Hang Seng Index closing up 0.52%, surpassing the 25,000-point mark [1] - The Hang Seng China Enterprises Index and the Hang Seng Tech Index rose by 0.36% and 0.54%, respectively [1] Sector Movements - Major technology stocks generally experienced upward trends, with Alibaba rising by 2.4%, JD.com and Baidu increasing by nearly 2%, and Meituan up by 1% [1] - Semiconductor stocks rebounded after an initial dip, with InnoCare Pharma surging nearly 12% and the heavyweight SMIC rising by 3% [1] - Macau's gaming industry showed strong recovery, leading to collective gains in gaming stocks [1] - Real estate financing reached a new high in July, with 65 typical property companies raising funds, resulting in active performance among domestic property stocks [1] - Apple shares surged by 5% in the overnight US market, boosting related stocks in Hong Kong, with GoerTek leading the charge with a 10% increase [1] Underperforming Sectors - Biopharmaceutical stocks, which had previously been on the rise, faced a collective downturn, particularly in the innovative drug sector, with notable declines in companies like Innovent Biologics, CanSino Biologics, Tigermed, and WuXi Biologics [1] - Defense, steel, new consumption concepts, and robotics sectors also saw declines [1]

芯片制造商AMD首席执行官苏姿丰表示，公司近期在其所有产品中都看到了积极信号。苏姿丰发表上 述评论后，AMD股价开始收窄跌幅。截至纽约时间中午，该股下跌6.6%，报162.81美元。 本文源自金融界AI电报 ...

Group 1 - TSMC discovered a potential leak of its advanced 2nm chip manufacturing technology and has taken action against responsible employees, including dismissals [1][2] - The company has a zero-tolerance policy for breaches of commercial confidentiality and has initiated legal proceedings against those involved [1][2] - Approximately 10 individuals are implicated in the leak, including former employees and current staff who transmitted sensitive information [1][2] Group 2 - The leaked information was reportedly passed to Tokyo Electron employees and subsequently to Rapidus, a new semiconductor manufacturer in Japan [3] - Rapidus aims to compete in the semiconductor industry, targeting a 2025 launch of its 2nm process technology [3] - TSMC's stock fell by 2.73% following the news, with a market capitalization of approximately $1.21 trillion [3] Group 3 - Tokyo Electron's stock also declined by 3.77%, with a market capitalization of about 10.2 trillion yen [4]

Group 1 - The State Council of China has issued an opinion to gradually implement free preschool education, starting from the autumn semester of 2025, which will exempt public kindergartens from charging care and education fees for the final year of preschool [2] - The exemption will follow the fee standards approved by local governments and relevant departments, excluding meal, accommodation, and miscellaneous fees [2] Group 2 - Seven departments, including the People's Bank of China, have jointly issued guidelines to support new industrialization, encouraging banks to provide medium- and long-term financing for key manufacturing industries such as integrated circuits and advanced materials [2] Group 3 - Hema X's membership stores will cease operations, marking the closure of all 10 stores nationwide, as the brand exits the membership warehouse market [3] - Shanghai plans to have all new energy projects, including concentrated solar and wind power, participate in market trading by the end of 2025 [3] Group 4 - The humanoid robot Ling Shu, developed by Hefei Youai Zhihui and Xi'an Jiaotong University, was unveiled, featuring a unique "one brain multiple forms" architecture for complex tasks in semiconductor manufacturing and energy sectors [4][5] - Unitree Technology launched a new quadruped robot, Unitree A2, weighing approximately 37 kg with a maximum running speed of 5 m/s and a range of 20 km [5] Group 5 - Huawei announced the full open-source of its CANN software, emphasizing the importance of computing power in its AI strategy [5] Group 6 - The second domestically produced large cruise ship, "Aida Huacheng," has entered the equipment debugging phase, with its first main generator successfully generating power [6] Group 7 - Geely is undergoing significant adjustments in its autonomous driving teams, with plans to merge various teams into a new entity, though details are still being finalized [7] Group 8 - TSMC reported a potential leak of its 2nm chip manufacturing technology, leading to the dismissal of several employees involved in the incident [8] Group 9 - VinFast has officially opened its electric vehicle assembly plant in India, with an initial capacity of 50,000 units per year, potentially increasing to 150,000 units [12] Group 10 - Naver, a South Korean internet giant, plans to acquire 70.5% of Spain's largest C2C second-hand trading platform, Wallapop, for €377 million [13] Group 11 - Google has agreed to reduce electricity consumption at its AI data centers during peak demand periods to alleviate pressure on the US power grid [14]

美国芯片制造商超威半导体（AMD）周二盘后发布的财报显示，公司2025财年二季度营收整体符合预期， 但每股收益低于预期，其股价在盘后时段一度大跌超5%。 转自：央视财经 当地时间周二，美国总统特朗普接受媒体采访时表示，将于近期公布一系列针对进口药品和芯片的高关税 税率，令投资者对风险资产交易保持警惕。 当天出炉的最新数据显示，美国7月份供应管理协会非制造业采购经理人指数（PMI）低于预期。数据当 中，在美国经济总量中占比约三分之二的服务业几乎陷入停滞，引发市场对美国经济陷入滞胀风险的担 忧，美国三大股指周二集体收跌。截至收盘，道指跌0.14%，标普500指数跌0.49%，纳指跌0.65%。包括摩 根士丹利和德意志银行在内的大型投资机构纷纷预警，美股估值较高，美国就业市场释放降温信号，加之 三季度季节性因素，美股未来短期面临回调风险。 超威半导体最新财报显示每股收益不及预期 公司股价5日盘后大跌 5日国际油价下跌 "欧佩克+"当中8个主要产油国近日刚刚公布9月增产计划，美国特朗普政府关税政策扰乱全球贸易，可能进 一步打压本就疲软的全球石油需求，令投资者关注原油市场供应过剩的前景，国际油价周二下跌。截至收 盘，纽 ...

格隆汇8月5日｜芯片制造商格芯公布，第二季度营收同比增长3%至16.9亿美元，略高于分析师预期； 调整后每股收益为42美分，高于分析师预期的36美分。公司预计第三季度营收为16.8亿美元(增减2500 万美元)，分析师预期为17.9亿美元；调整后每股收益为38美分(增减5美分)，分析师预期为41美分。 ...

Group 1 - Emerging market stocks have risen due to the potential for Federal Reserve rate cuts and optimistic earnings expectations, with the emerging market stock index up 0.6% for the second consecutive day and nearly 16% year-to-date [1] - Following a sell-off due to poor U.S. economic data, the index rebounded as traders anticipated a 25 basis point rate cut by the Federal Reserve next month, with an 80% probability, and a one-third chance of another cut by year-end [1] - The rise in U.S. corporate earnings indicates strong global economic activity despite higher tariff threats, with Jefferies' chief economist suggesting that moderate economic slowdown could lead to further easing by the Federal Reserve [1] Group 2 - China's service sector activity unexpectedly accelerated in July, reaching its fastest growth in over a year, indicating resilience during the summer tourism season [2] - In Eastern Europe, Hungary's BUX stock index is nearing historical highs, driven by significant profit growth at OTP Bank in Q2 [2] - Investment institutions are increasingly optimistic about emerging market assets, shifting focus from developed markets like the U.S. to emerging markets such as China, influenced by macroeconomic factors including potential Fed rate cuts and the decline of "American exceptionalism" [2] Group 3 - Short-term market attention on India has increased due to President Trump's renewed focus on the country, particularly regarding India's purchase of Russian oil [3]

近期的美股市场在美国设计软件公司Figma、稳定币发行商Circle Internet Group、云计算人工智能公司Core Weave等公司的助推下掀起了一股IPO浪潮。 这不由让人想起了2021年时的盛况：当时市场四处弥散着热钱，美股扎堆上市。但随着疫情影响、美联储加息，市场逐渐收紧。美股IPO市场已沉寂许 久。 市场进入"关税倦怠期" 自2022年利率上升促使市场戳破高估值神话以来，美股IPO市场一直萎靡不振。但随着企业开始接受较为温和的估值，IPO活动已回暖。 7月31日，Figma的"强势出道"创下今年最大体量的IPO之一。市场人士称，市场对Figma股票的需求达到了多年未见的狂热程度。 在该公司的路演期间，市场就显示出极大的热情：潜在投资者对Figma股票的下单量巨大，以至于该公司及其承销商上周早些时候将发行价指导区间从每 股25美元—28美元上调至30美元—32美元。 上市当天，该股开盘报85美元，是其IPO发行价的两倍多，开始交易后不久，该公司就因波动而暂时停牌。当天该股收报115.50美元，是其发行价的三倍 多。当地时间8月4日，该股股价达到122美元。 Circle Internet G ...

Core Viewpoint - TSMC is advancing its 2nm technology with the installation of equipment at its second factory in Kaohsiung, aiming for trial production by the end of the year, while the first factory has already reached mass production [4][5][6]. Group 1: TSMC's 2nm Technology Development - TSMC's second 2nm factory (P2) has begun equipment installation, with expectations to join trial production within 3-4 months [5][6]. - The first factory (P1) has achieved a monthly production capacity of 10,000 wafers, with a combined target of 35,000 wafers per month for both factories this year [4][5]. - TSMC's 2nm process utilizes nanosheet architecture, reportedly achieving a trial yield of 65%, surpassing competitors like Intel and Samsung [7][8]. Group 2: Market Dynamics and Competitors - TSMC's growth is driven by increasing demand from AI-related customers, with expectations to generate $2.5 trillion in terminal product value globally within five years [7][8]. - Competitors such as Intel and Samsung are also making strides in 2nm technology, with Intel focusing on customer commitments for its 14A process [9][10]. - Tesla has signed a $16.5 billion contract with Samsung for its next-generation AI chip, indicating a competitive landscape where TSMC was initially considered for the contract [9][10]. Group 3: Emerging Players and Industry Trends - Japanese chip manufacturer Rapidus has successfully trial-produced 2nm chips and plans to enter mass production by 2027, potentially disrupting the market dominance of TSMC and Samsung [11][12]. - Rapidus's advancements are attributed to its collaboration with IBM, which has provided essential technology and patents for 2nm chip production [11][12]. - The semiconductor industry is witnessing a shift towards self-sufficiency, with Chinese companies like SMIC making significant progress in their own technology development [12][14]. Group 4: TSMC's Future Growth Potential - TSMC's market capitalization is currently around $1.25 trillion, with projections suggesting it could reach $3 trillion, driven by its innovative technologies and strong customer base [15][16]. - The upcoming N2 chip node is expected to significantly improve energy efficiency, with a reduction in power consumption by 25% to 30% compared to 3nm chips [16][17]. - Management anticipates a compound annual growth rate of nearly 20% over the next five years, which could lead to substantial revenue growth and stock price appreciation [17].