News

Italy's trade balance with the EU in May was 845 million euros, compared with the previous value of 316 million euros.

Italy's trade balance in May was 4.793 billion euros, compared with the previous value of 4.293 billion euros.

The euro zone’s seasonally adjusted trade balance in May was -4.97 billion euros, compared with the previous value of 1.3 billion euros.

The seasonally adjusted trade balance for the euro zone in May will be released in ten minutes.

U.S. Department of Commerce: TSMC’s investment will create a large number of construction and high-tech jobs, while driving billions of dollars in indirect economic output.

U.S. Department of Commerce: The additional investment marks a significant expansion of TSMC’s commitment to building factories and facilities in the United States.

U.S. Department of Commerce: Together with the new facilities, TSMC’s investment of US$265 billion will build a total of 12 facilities in the United States.

U.S. Department of Commerce: The Trump administration secured an additional $100 billion in semiconductor manufacturing investment for TSMC, bringing the total to $265 billion.

Baidu (BIDU.O) rose 1.8% before the market opened.

Market news: Google was fined 854,250 euros by Italy for gambling ads, and the court rejected its appeal.

In recent years, the constituent stock structure of the Nikkei Index has undergone fundamental changes. Technology-related companies have accounted for 56% of the weight of the Nikkei Index, and will only account for 35% in 2022. As the market for AI-driven technology stocks begins to cool down, Japan's stock market's previously rapid rise has also begun to slow down. However, many analysts believe that Japanese corporate earnings growth, still attractive valuations, and market revaluation after emerging from long-term deflation will still support the long-term bull market logic of the Japanese stock market. Vicenzo Vedda, global chief investment officer of asset management company DWS, said, The company has downgraded its semiconductor industry rating to "neutral." He pointed out: "After the Philadelphia Semiconductor Index rose by about 90% in the second quarter, we have begun to be more cautious about the short-term trend of semiconductors." He also warned that if large cloud computing companies find that the commercialization process of AI investments is slower than expected, the risk of cutting capital expenditures in the future cannot be ignored. However, most institutions still maintain their optimistic view on the Japanese stock market. The CEO of Japan Exchange Group (JPX) said that the Japanese stock market has strong "resilience". He said this week that “every time the market pulls back, it bounces back very quickly. Investors usually don't chase prices higher but buy during corrections. "Citi Tokyo strategist Ryota Sakagami also believes that although technology stocks have risen extremely fast since 2026, causing some investors to worry about bubbles, industry EPS expectations have also been raised rapidly. He pointed out that the current rise in technology stock prices relative to earnings expectations is still in a "healthy growth" range, so "it does not necessarily mean that the market has been overly optimistic or a bubble has appeared." From a valuation perspective, the current expected price-to-earnings ratio of NI225 in the next 12 months is about 22 times, It is still significantly lower than the level of more than 60 times during Japan's bubble economy. In addition, the structural reform of Japan's capital market is also an important reason for attracting overseas funds. (Nikkei Shimbun)

Nvidia: "AI Factory" will provide 140 megawatts of data center capacity.

Japanese startup Noetra: Plans to build an AI computing infrastructure equipped with approximately 27,500 NVIDIA Rubin GPUs.

NVIDIA: The new AI factory will provide computing infrastructure for Japan’s project to develop multi-modal basic models for physical AI.

Market news: Nvidia stated that relevant initiatives have been supported by Japan’s Ministry of Economy, Trade and Industry.

Market news: Nvidia and Noetra will launch the Vera Rubin AI factory, equipped with 13,750 Vera CPUs and 27,500 Rubin GPUs.

HSI closed up 327.5 points, or 1.33%, to 25008.6 points on July 16 (Thursday);Hong Kong’s Hang Seng Technology Index closed up 93.95 points, or 1.98%, to 4834.44 points on July 16 (Thursday);The state-owned enterprise index closed up 133.76 points, or 1.63%, at 8318.14 points on July 16 (Thursday); The red chip index closed at 3991.38 points, up 46.84 points, or 1.19%, on July 16 (Thursday).

United Airlines shares fell 2.4% in premarket trading as the airline forecast third-quarter profit to be lower than expected.

Market news: A data center supported by Japan and equipped with NVIDIA Rubin GPU will be put into operation in June 2028.

Swiss National Bank: Various surveys show that wage growth expectations in 2027 show moderate growth momentum.