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Financial
*The US Treasury announced expanded buybacks of long-term nominal Treasuries, pulling down 10-year and 30-year US Treasury yields sharply.
Industrial Economy
*NDRC held a coordination meeting for six key infrastructure networks to establish joint mechanisms for computing power networks, new power grids and next-gen communication networks, accelerating major project construction.
*Goldman Sachs projects the space economy will reach $1.8 trillion by 2035, with private capital overtaking public funding as the sector’s top growth driver.
*Morgan Stanley forecasts mature DRAM prices to rise 50% in Q3 2026, and SLC NAND to gain 50% each in the following two quarters. It lifted earnings estimates for Asian chip stocks.
*Moderna and Merck’s personalized mRNA cancer vaccine plus Keytruda hit primary endpoints in Phase III trials, lowering recurrence or metastasis risks for high-risk melanoma patients. Moderna’s US stock once surged over 100%.
*Samsung raised foundry prices amid booming AI chip demand, with some advanced nodes up as much as 15%. Its SF4 production line runs at full capacity.
*Shanghai has released its “15th Five-Year Plan” for the “Digital Shanghai” initiative, which includes advancing 6G trial network deployment and studying Web3.0 innovation testbed mechanisms.
*The world’s first international standard for intelligent manufacturing in the steel industry, the “Guidelines for Intelligent Manufacturing in the Steel Industry”, recently released, was led by China in its development.
Aug 19 Block Trade Info
*Discount
-Songfa Ceramics (603268 CH) saw 1 block trades worth 179.50mn at 179.50yuan per share, 2.87pct discount from last closing.
-Goke Microelectronics (300672 CH) saw 1 block trades worth 64.98mn at 162.44yuan per share, 12.31pct discount from last closing.
-SICC (688234 CH) saw 10 block trades worth 41.56mn at 101.37yuan per share, 15.98pct discount from last closing.
For more insights, please visit Orient Futures Singapore’s research platform, Finoview.
