NIO-SW (09866.HK) announced that as of today (11th), the company has built 8,962 charging and battery swap stations nationwide, including 3,905 battery swap stations and 5,057 charging stations, with 29,099 charging piles, cumulatively providing more than 110 million battery swap services.

In addition, two NIO Power 2 stations have commenced operation, including a NIO battery swap station on Jianshe Road in Pingdingshan and a NIO supercharging station at the Guangfa Bank Building in Wuhan.
~

AASTOCKS Financial News
Website: www.aastocks.com

China Foreign Exchange Trade System (CFETS) announced on Thursday (11th) that the central parity of USD/ RMB lost 20 bps from the previous day to 6.8150.
~

AASTOCKS Financial News
Website: www.aastocks.com

US President Donald Trump said he hopes leading AI companies will agree to give back to the public, in remarks that apparently refer to the government potentially taking equity stakes in these companies.

Trump said he will meet with 12-15 senior executives from AI companies in the near term to discuss how to give back to the public. If successful, the public could become very wealthy. He expects companies will strongly welcome the plan.

Americans are increasingly concerned that AI could have negative impacts on daily life. Surveys show that half of Americans worry AI may lead to job losses.
~

AASTOCKS Financial News
Website: www.aastocks.com

OpenAI CEO Sam Altman told employees this week that the company expects to go public within the next year, but many factors could cause the IPO to be advanced or delayed, according to The Information.

OpenAI said on Monday (8th) that it has recently confidentially filed for an IPO in the US, while not disclosing the size or terms of the offering, adding that the timetable has not yet been determined.

Altman also said that if the company’s technological advances enable AI to autonomously create new AI (i.e., recursive self-improvement, RSI), this could weaken the momentum for a rapid listing. The faster RSI progresses, the more beneficial it may be to delay the IPO.
~

AASTOCKS Financial News
Website: www.aastocks.com

EIA Crude Oil Stocks Change for Jun/05 in the United States is -7.228M, higher than the previous value of -7.974M. The forecast was -4M.~



AAStocks Financial News
Web Site: www.aastocks.com

Core Inflation Rate YoY for May in the United States is 2.9%, higher than the previous value of 2.8%. The forecast was 2.9%.~



AAStocks Financial News
Web Site: www.aastocks.com

Inflation Rate YoY for May in the United States is 4.2%, higher than the previous value of 3.8%. The forecast was 4.2%.~



AAStocks Financial News
Web Site: www.aastocks.com

Inflation Rate MoM for May in the United States is 0.5%, lower than the previous value of 0.6%. The forecast was 0.5%.~



AAStocks Financial News
Web Site: www.aastocks.com

Core Inflation Rate MoM for May in the United States is 0.2%, lower than the previous value of 0.4%. The forecast was 0.3%.~



AAStocks Financial News
Web Site: www.aastocks.com

The electric vehicle (EV) charging and battery swapping standard in Singapore - "Singapore Standard SS 722", which was deeply researched and formulated with the participation of NIO-SW (09866.HK), was officially launched recently.

The release of the standard marks new progress for the battery swapping model at the international standardization level. The long-term technological innovation and operational experience accumulated by Chinese enterprises represented by NIO-SW in the battery swapping sector are contributing further expertise to the development of the global smart EV industry.
~

AASTOCKS Financial News
Website: www.aastocks.com

Spot USD/CNY sank 72 bps to close at 6.7774 today (10th). As of 5:02pm, USD/CNY in the night session dropped 53 bps. USD/CNH lost 23 bps to 6.7800, 26 bps below USD/CNY.
~

AASTOCKS Financial News
Website: www.aastocks.com

HONOR announced that its AI agent and voice assistant "YOYO" now supports sending WeChat messages, making WeChat voice calls and video calls, and has completed rollout across all device models.

The collaboration is purportedly based on the A2A (Agent to Agent) solution. The initial batch of features enables YOYO to use voice commands to send messages to designated contacts via WeChat, as well as to initiate voice and video calls, providing users with a more convenient real-time communication experience.
~

AASTOCKS Financial News
Website: www.aastocks.com

Tencent Cloud and ASUSTeK Computer officially forged a strategic cooperation agreement. Leveraging Tencent Cloud's self-developed Agent Bucket intelligent storage capabilities, both parties will co-develop a "Personal Cloud Drive" targeting millions of laptop users.

This marks the first large-scale commercial deployment of Tencent Cloud Storage's enterprise-grade, scenario-based cloud storage capabilities on a leading PC brand. It also signifies that cloud storage is evolving from an optional add-on for PCs into one of the core infrastructures embracing the AI PC trend.
~

AASTOCKS Financial News
Website: www.aastocks.com

BABA-W (09988.HK) last quoted at HKD113.3, down 2.39%, with trading volume of 107 million shares, involving HKD12.017 billion.

Citi said in a research report that, after Bloomberg reported China plans to invest about RMB2 trillion in data centers over five years to advance the domestic AI industry, shares of BABA-W weakened in the Hong Kong market. The market may be concerned that government-backed data centers could affect pricing and future investment returns of private hyperscalers.

The broker believed such concerns may be premature and that the government investment should not be viewed as a "zero-sum game" with private hyperscalers such as BABA-W, TENCENT (00700.HK) and BIDU-SW (09888.HK).

The broker considered government intervention is more likely aimed at promoting broader AI adoption, as many public enterprises and small and medium-sized enterprises may not be able to afford high token usage costs. Therefore, government-funded capacity will mainly serve SOEs and smaller firms.

Citi reiterated its Buy rating on Alibaba Group Holding Limited (BABA.US), maintaining its target price at USD208.
~

AASTOCKS Financial News
Website: www.aastocks.com

Qwen has launched its first full-cycle college entrance examination application Agent, providing free application and advisory services to Mainland candidates.

Built on the Qwen college entrance examination application large model and eight years of Gaokao data experience from Quark, the Gaokao Agent features three core capabilities: "Application Report", "Application Calendar", and "Application Q&A".

It effectively equips each candidate with a dedicated AI expert for college entrance examination applications.
~

AASTOCKS Financial News
Website: www.aastocks.com

Amid escalating tensions in Iran, US President Donald Trump accused Iran of shooting down a US helicopter over the Strait of Hormuz and vowed to respond. The US has since completed what it described as defensive strikes against Iran. The market was on the sideline for the release of the US May CPI data tonight (10th).

Heightened geopolitical risks coupled with rising rate hike expectations weighed on gold prices. New York gold futures for August delivery once sank below the USD4,200 mark, hitting a low of USD4,194 per ounce, the lowest level since March 23 and a more than two-and-a-half-month low. It last reported at USD4,230, down 1.3%. Spot gold last stood at USD4,213 per ounce, down 1.1%.

Blue chip ZIJIN MINING (02899.HK) once dropped to HKD28.92, the lowest level since late September last year and an over eight-month trough. It last reported at HKD29.72 in the afternoon session, down 3%, with turnover of HKD2.207 billion. Its subsidiary ZIJIN GOLD INTL (02259.HK) nosedived 5.3%.

ZHAOJIN MINING (01818.HK), WANGUO GOLD GP (03939.HK), CHINAGOLDINTL (02099.HK) and SD GOLD (01787.HK) declined 3.4-3.8%. CHIFENG GOLD (06693.HK) slumped 6.9%. TONGGUAN GOLD (00340.HK) and DRAGON MINING (01712.HK) tumbled 3.8-5.3%.

Citi said in a report that gold closed below its 200MA for the first time since September 2023 affected by strong US employment data last Friday (5th). The broker maintained its bearish view on gold and lowered its three-month target price from USD4,300 per ounce to USD4,000.

Citi warned that if Hormuz remains closed throughout the summer, gold purchases could fall to what is still a substantial USD700-750 billion annually, which could mechanically drive gold prices back to levels seen 9-10 months ago, near USD3,500 per ounce.
~

AASTOCKS Financial News
Website: www.aastocks.com

TSMC announced that its consolidated revenue for May reached approximately TWD416.975 billion, up 1.5% MoM and 30.1% YoY.

Cumulatively for the first five months of 2026, revenue totaled approximately TWD1.9618 trillion, representing a 30% YoY increase.
~

AASTOCKS Financial News
Website: www.aastocks.com

Alibaba Cloud announced a price reduction for its container computing service ACS Agent Sandbox (default compute quality). The price cut for this compute offering will take effect from 12:00 next Monday (15th).

This round of price adjustment only involves ACS Agent Sandbox (default compute quality). Prices for other compute options, including ACS General-purpose (default and best-effort compute quality) and ACS Performance (default and best-effort compute quality), will remain unchanged.
~

AASTOCKS Financial News
Website: www.aastocks.com

Secretary for Environment and Ecology Tse Chin-wan today (10th) issued a written reply to a lawmaker’s question, stating that at present, if anyone purchases household electrical products through a cross-boundary e-commerce platform, or imports them in person for personal use, these conducts are not regarded as a supply in Hong Kong.

If a cross-boundary e-commerce platform only provides product price comparison or buyer-seller matching services, and the transportation is handled by a third-party logistics provider, the platform and logistics company is also not considered as a supplier or seller. Therefore, the aforementioned products do not fall within the regulatory scope of the relevant legislations, viz. the Electrical Products (Safety) Regulation, the Energy Efficiency (Labelling of Products) Ordinance, and the Product Eco-responsibility Ordinance.

In the first four months of 2026 a total of 22 incidents involving household electrical products were recorded after preliminary investigation. None of them was found to involve household electrical products supplied via cross-boundary e-commerce platforms.

The EMSD has proactively established regular communication mechanism with Chinese Mainland e-commerce platforms and reminded them that household electrical products supplied in Hong Kong must comply with local legislative requirements regarding electrical safety standards, and affix energy efficiency labelling.

The EPD has already contacted relevant cross-boundary e-commerce platforms, if their business models involve the distribution or sale of REE in Hong Kong, they are required to register with the EPD as registered suppliers and/or sellers, submit quarterly returns to the EPD for the assessment and payment of recycling levies in accordance with the law.

As for cross-boundary e-commerce platforms that provide matching services for merchants and buyers only and without engaging in the distribution or sale of REE, the EPD has urged them to avoid unregistered merchants to distribute REE in Hong Kong through their platforms. The EPD will continue to monitor the modus operandi of cross-boundary e-commerce platforms in Hong Kong, to ensure that their business activities in Hong Kong comply with the relevant legislative requirements.
~


AASTOCKS Financial News
Website: www.aastocks.com