News

According to a joint statement, India and Australia will work to build supply chains to support the growing technology industry.

Bank of Japan: Several regions said companies are considering raising food and daily necessities prices starting in the summer.

Bank of Japan: Many regions say rising raw material costs related to the Middle East conflict are being passed on faster than in the past.

The governor of Russia's Rostov region said that two oil tankers were attacked by drones in the Sea of ​​Azov.

Bank of Japan: Many regions said that companies continue to pass on rising labor and distribution costs to consumers through price increases.

Bank of Japan: Many regions said companies, including small businesses, have provided high wage increases this year, although some said it may be difficult to continue raising wages.

Japan's 5-year government bond yield rose 1.5 basis points to 2.000%.

Japan's 30-year government bond yield rose 4.0 basis points to 4.040%.

According to Nikkei News, Tokyo Electron is promoting the shortening of the introduction cycle after the semiconductor manufacturing equipment is delivered to customers. According to the report, Tokyo Electronics President Toshiki Kawai said in an interview that "we hope to shorten the equipment start-up time by half starting with new models" and said that the company will be committed to applying robots and other measures in the production process. Kawai Toshiki also said that the company is currently "in a state where the number of orders is increasing every month" and said that in the next two years, almost all major customers plan to build new production bases. Tokyo Electron Japan shares are showing buying signs today.

Japan's 2-year government bond yield rose 1.5 basis points to 1.445%.

During the NATO summit, the United States, Japan and South Korea signed a memorandum of cooperation to build a small modular reactor (SMR) export cooperation mechanism to enter the nuclear power plant market in third countries such as the Indo-Pacific region. With the popularization of artificial intelligence (AI), the demand for electricity in various countries has increased sharply. As a result, South Korea, the United States, and Japan have launched the next-generation nuclear power technology SMR "Export Alliance" system. The United States announced that GE Vernova, Hitachi, Samsung C&T and SGE have agreed on an industry initiative. Aimed at promoting the deployment of BWRX-300 small modular reactors in Europe. Vietnam, Singapore, the United Kingdom, the Czech Republic and other countries have publicly expressed their intention to introduce SMR. The SMR market is expected to be US$7.5 billion in 2025 and is expected to reach US$300 billion by 2040.

More than three weeks after the signing of the "Memorandum of Understanding" to start the ceasefire process, the escalation of the US-Iran conflict highlights the dilemma facing Trump: how to promote a comprehensive peace agreement and find a way to exit the war with dignity. Analysts say Trump's options are very limited, and most of them are not ideal. If the retaliatory strikes between the two sides further escalate and evolve into a large-scale military conflict, it may trigger a full-scale war again. Although Trump said on Wednesday that the latest situation would be "over soon," global oil prices have risen about 7% due to tensions. However, If Trump chooses to back down in the face of Iran's tough response, it may strengthen Iran's judgment that it can use the Strait of Hormuz to exert influence on the international community when necessary. Trump may hope that by bombing Iran, he will force it to return to the negotiating table to negotiate the future direction of Iran's nuclear program, but most experts believe that there are currently few signs that Iran will make the major concessions that Trump is demanding. "Trump has pushed himself into a difficult situation." Aaron David Miller, a former Middle East negotiator for the Democratic and Republican administrations in the United States, said, "Whether through military means or diplomacy, he is unlikely to gain much from Iran."(From analyst Matt Spetalnick's July 9 article)

U.S. Central Command: The U.S. military remains vigilant, highly combat-effective, and ready to carry out combat missions assigned by the Commander-in-Chief.

U.S. Central Command: On July 7, U.S. Central Command forces attacked about 80 Iranian military targets, including more than 60 small ships of Iran’s Islamic Revolutionary Guard Corps, to punish Iran for violating the ceasefire agreement and attacking three commercial ships sailing in the Strait of Hormuz.

U.S. Central Command: This attack follows a successful offensive strike against Iran the night before.

U.S. Central Command: On July 8, U.S. Central Command forces completed another round of strikes against Iran to further weaken Iran’s ability to attack merchant ships and innocent civilian sailors in the Strait of Hormuz.

Spokesperson of the Iranian Ministry of Foreign Affairs: Those parties that provide territory, bases and infrastructure in Europe to US-Israeli military operations cannot escape their complicity responsibility and its consequences.

Iranian Foreign Ministry Spokesperson: NATO Secretary-General Rutte has repeatedly admitted that European countries participated in military aggression against Iran, which once again confirms that Europe is not neutral in this war.

Hong Kong technology and Internet stocks partially fell, with Bilibili (09626.HK) down 4%, Kuaishou (01024.HK) down 3%, Baidu (09888.HK) down 1.8%, and Meituan (03690.HK) down 1.4%.

According to AXIOS: A US official revealed that the duration and severity of the new round of US actions completely depend on Tehran’s next move. The current escalation could last a day or two, or it could last a week or a month, depending on whether Iran continues its attacks on commercial ships in the Strait of Hormuz.