Pakistan: The US and Iran are close to reaching a certain arrangement.
According to Reuters, Pakistani officials stated that signals from the U.S. and Iran indicate the two sides are "approaching some kind of arrangement," with developments moving toward a peaceful direction. Meanwhile, Iran's Mehr News Agency reported that Pakistan's Interior Minister has arrived in Tehran for talks.
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Unitree Robotics' IPO subscription winning numbers released: 19,414 in total.
Unitree Robotics has released the announcement on the initial offline placement results and online subscription winning results of its initial public offering (IPO) and listing on the STAR Market. A total of 19,414 winning subscription numbers are available, with each number allowing subscribers to purchase 500 Unitree Robotics A-share stocks.
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H100 Group appoints Eirik Grøttum as Chief Executive Officer
According to an official announcement, H100 Group has appointed Eirik Gr?ttum as its Chief Executive Officer. Gr?ttum previously led Moonshot AS, which completed its acquisition by H100 yesterday. Background materials show he has experience in technology, fintech, systematic trading and digital assets, and previously co-managed related Bitcoin positions with Chief Investment Officer Peter C. Warren. Additionally, Peter C. Warren will remain in his role as Chief Investment Officer; Sander Andersen will continue as Executive Chairman; Johannes Wiik will return to serve as Chief Operating Officer, overseeing operations, corporate development, capital markets and strategic transactions among other duties.
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Morgan Stanley: If US inflation cools less than expected, it may stoke concerns over interest rate hikes.
Morgan Stanley E*TRADE Director of Trading and Investment Management Chris Larkin stated that the S&P 500 index has broken out of its two-month trading range and may face tests from inflation and geopolitical factors this week. The jobs report may have eased concerns about a Federal Reserve interest rate hike next month, but if this week’s inflation data cools less than expected, those concerns are likely to deepen again.
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Multiple South Korean securities firms have lowered the target prices of Samsung and SK Hynix, with the biggest cut exceeding 30%.
According to South Korea’s JoongAng Ilbo, Kiwoom Securities has also lowered its target stock prices for Samsung Electronics and SK Hynix. Recently, market concerns that the general memory chip industry has reached its peak (peak-out) have intensified, prompting an increasing number of securities firms to cut their target price expectations for South Korea’s two leading stocks: Samsung Electronics and SK Hynix. Per South Korea’s financial investment industry sources on the 11th, Kiwoom Securities the previous day reduced Samsung Electronics’ target price from 390,000 won to 350,000 won, and SK Hynix’s target price from 2.2 million won to 2.1 million won, while maintaining a "buy" rating for both stocks. The report notes that this trend of target price cuts in South Korea’s securities industry has been visible since the end of last month. At that time, amid debates over the semiconductor industry’s peak cycle and SK Hynix’s Q2 earnings release, major brokerages including Mirae Asset Securities, Shinhan Investment Securities, and Samsung Securities had already successively cut the target prices of both stocks by around 30%.
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Kalshi to Enhance Trading Surveillance by Adopting Nasdaq’s Market Surveillance Tools
According to Reuters, Kalshi will adopt Nasdaq’s market surveillance tools to enhance monitoring of trades on its platform. The firm plans to integrate Nasdaq’s market surveillance platform in phases. Kalshi stated that integrating Nasdaq’s 24/7 surveillance platform with its own trading infrastructure will help detect market abuse, manipulation, and insider trading in real time, and support the submission of trade data in the format required by the Commodity Futures Trading Commission.
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