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International
-The Islamic Revolutionary Guard Corps (IRGC) of Iran issued a statement on the 8th, announcing the launch of a military operation codenamed “Nasr” to target multiple air force bases inside Israel. The statement emphasized that this operation is a response to Israel’s previous missile strikes on several radar facilities within Iran.
-On the 8th, Yemen’s Houthi movement stated that it had launched a barrage of missiles at the Jafa area in central Israel, and also announced a ban on Israeli vessels navigating the Red Sea.
Industry
-NVIDIA and SK Hynix have announced a multi-year technology partnership. The two sides will jointly develop next-generation memory solutions for the construction of global AI factories, and apply AI technologies to the design and manufacturing of semiconductor chips.
Data
-According to the China Passenger Car Association (CPCA), retail sales of passenger vehicles across China reached 1.51 million units in May, down 22.1% y/y and up 9.2% m/m. The total retail volume since the start of this year stood at 7.099 million units, down 19.5% y/y. Among them, retail sales of new energy passenger vehicles hit 950,000 units, falling 7.5% y/y and rising 12.4% m/m. The market penetration rate of new energy vehicles in China’s overall passenger vehicle retail market stood at 62.9%.
-In May 2026, major excavator manufacturers sold a total of 24,794 excavators of various types, up 36.2% y/y. Domestic sales stood at 11,628 units, up 38.6% y/y, while exports reached 13,166 units, up 34.2% y/y.
Jun 8 Block Trade Info
*Discount
-Gigadevice Semiconductor (603986 CH) saw 5 block trades worth 87.37mn at 452.68yuan per share, 7.24pct discount from last closing.
-Kewell Tech (688551 CH) saw 6 block trades worth 82.09mn at 43.26-47.59yuan per share, 18.93-26.30pct discount from last closing.
*Premium
-Grandit (688549 CH) saw 2 block trades worth 94.50mn at 18.90yuan per share, 18.20pct premium from last closing.
For more insights, please visit Orient Futures Singapore’s research platform,
Finoview.

