Automatically scraped from Tonghua Shun and Eastmoney at 08:00 Beijing time daily via cron, abstracts rewritten by Doubao. For information compilation only, does not constitute investment advice.

Eastmoney 7/24

Hong Kong Stocks Midday Review: Hang Seng Index Down 1.70%, Hang Seng Tech Index Down 1.36%

2026/6/18 12:10:17

【Hong Kong Stocks Midday Close Summary】Hong Kong stocks closed lower in the half-day session, with the Hang Seng Index falling 1.70% to fall below the 24,000 point mark, and the Hang Seng Tech Index down 1.36%. Sector divergence is obvious: heavyweight tech stocks generally declined, Alibaba and Xiaomi dropped more than 3%, JD.com and Meituan fell over 2%; storage concept stocks continued to rally, GigaDevice rose nearly 7%, CSOP HYLEX 2X Long rose nearly 12%; gold stocks saw a general drop, multiple tickers including Tongguan Gold fell nearly 7%-8%.

Google Star Researcher Jumps to OpenAI

2026/6/18 12:07:08

【AI Industry Brief Summary】Involved entities: Google, OpenAI. Core event: Google’s star AI researcher Noam Shazeer recently publicly announced his resignation and confirmed he will join OpenAI. OpenAI Chief Research Officer Mark Chen revealed that after joining, Shazeer will lead the company’s AI architecture research business, with a core focus on large model construction. This transfer of core technical talent will further strengthen OpenAI’s underlying technology R&D capabilities.

Hong Kong Monetary Authority Responds to Fed Interest Rate Decision: Continue to Closely Monitor Market Changes to Maintain Monetary and Financial Stability

2026/6/18 12:07:02

The Fed’s decision to keep interest rates unchanged at this meeting is in line with market expectations, and its statement notes that inflation remains high, with future interest rate trends dependent on economic data such as inflation and employment. The Hong Kong Monetary Authority responded that Hong Kong’s financial markets are currently operating in an orderly manner, HIBOR is approaching US interest rates in line with the Linked Exchange Rate System, reminding the public to pay attention to interest rate fluctuation risks when purchasing property, investing and borrowing, and that the HKMA will continue to monitor the market to maintain stability.

PBOC Governor Pan Gongsheng Meets with MAS Managing Director Ravi Menon

2026/6/18 12:06:24

【Financial News Brief】On June 17, People’s Bank of China Governor Pan Gongsheng met with visiting Monetary Authority of Singapore Managing Director Ravi Menon during his attendance at the Lujiazui Financial Forum in Shanghai. The two sides fully exchanged views on current global and regional economic and financial trends, and topics related to China-Singapore bilateral financial cooperation, laying the foundation for the implementation of subsequent cooperation between the two countries in areas such as cross-border finance and market connectivity.

Zhangyuan Tungsten Raises Long-term Purchase Quotes for the Second Half of June 2026

2026/6/18 12:06:02

Zhangyuan Tungsten recently raised its long-term purchase quotes for tungsten products for the second half of June 2026, with quotes for all three types of tungsten-related products rising compared to the first half of the month: 55% wolframite concentrate at 520,000 yuan per standard ton, 55% scheelite concentrate at 519,000 yuan per standard ton, up 15,000 yuan and 15,000 yuan per standard ton respectively; national standard grade 0 ammonium paratungstate at 780,000 yuan per ton, up 20,000 yuan per ton. All quotes include 13% VAT.

Midday News Highlights, June 18

2026/6/18 12:03:02

Midday financial news for June 18: A-shares midday session: Shanghai Composite Index down 0.37%, Shenzhen Component Index up 0.57%, ChiNext Index up 1.39%; Hong Kong stocks Hang Seng Index down 1.7%, Hang Seng Tech Index down 1.38%. The National Development and Reform Commission confirmed that the full-year 2 trillion yuan equipment renewal project list and the third batch of 62.5 billion yuan trade-in funds will be issued by the end of June. The Ministry of Industry and Information Technology and two other departments have launched the 2026 first-batch new material insurance compensation application. Overseas: SK Hynix delivered next-generation AI memory samples, its share price hit an all-time high during trading; South Korea’s KOSPI broke through 9000 points for the first time, rising more than 110% cumulatively this year.

Yahoo Finance

Mark Cuban has a blunt response to Coinbase CEO

2026/6/17 05:58:01

The involved ticker is leading US cryptocurrency trading platform Coinbase. Recently, Coinbase CEO Brian Armstrong publicly complained about the ambiguity of US crypto regulatory rules, calling on the industry to push for regulatory clarity. Well-known investor Mark Cuban gave a blunt response, stating that as a leading platform, Coinbase should not only complain about regulation, but also take the initiative to participate in the construction of compliance frameworks, pointing out that the lack of industry compliance is the core cause of tightening regulation. The related dispute reflects divisions within the US crypto industry over compliance paths.

Gold IRA vs. Gold ETF in 2026: A 28% tax difference most investors miss

2026/6/17 00:25:00

This news focuses on the comparison of gold investment vehicles in 2026, covering Gold IRAs and Gold ETFs. The core conclusion is that most investors are unaware of the up to 28% tax difference between the two types of vehicles, which will directly affect the after-tax actual returns of investors holding gold assets, especially US investors with pension investment needs. Investors should choose allocations based on their own holding plans and adaptability to tax policies.

Sugar Prices Rebound on India Crop Concerns

2026/6/17 00:27:40

International sugar prices have rebounded recently, driven mainly by market concerns over sugarcane production in India’s new crushing season. As the world’s second largest sugar producer and major exporter, if India’s sugarcane production falls short of expectations, it will most likely tighten export quotas, further reducing global sugar supply. Current global sugar inventories are at a low level in recent years, and supply-side variables have become the core influencing factor for short-term sugar price trends. Continuous tracking of India’s production and export policy trends is required going forward.