On July 3, Bank of America reported that investors are withdrawing from the U.S. stock market at the fastest pace since March. A team led by Michael Hartnett noted in their report that, according to EPFR Global data, U.S. stock funds saw an outflow of $17.2 billion in the week ending July 1. Meanwhile, investors are shifting their focus to some international stocks, with the Japanese stock market attracting approximately $1.9 billion in inflows, marking the largest inflow in seven weeks.
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Bank of America: U.S. Stock Funds Experience Largest Outflow in Over Three Months
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Japanese Oil Buyers in Preliminary Talks with Iran for Crude Oil Procurement
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Pegatron Holdings Plans to Raise 9.6 Billion Yuan for AI Server and High-Speed Optical Module HDI Project
On July 3, Pegatron Holdings announced that the company has released a proposal for a private placement of A-shares for the year 2026, aiming to raise no more than 9.6 billion yuan. After deducting issuance costs, the funds will be used for the 'Qingding AI Server and High-Density Interconnect (HDI) Project for High-Speed Optical Modules.' The issuance will involve no more than 35 specific investors, with the number of shares issued not exceeding 10% of the total share capital prior to the issuance, which is approximately 232 million shares. The total planned investment for the fundraising project is 12.73 billion yuan, which will add about 655,600 square meters of high-end HDI annual production capacity to seize opportunities in the AI computing power industry and strengthen the company's leading position in the industry. -
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Guotai Junan: Expected Net Profit Growth of 27% to 30% in First Half of 2026
On July 3, Guotai Junan announced that in the first half of 2026, it expects to achieve a net profit attributable to the parent company's owners of between RMB 20.003 billion and RMB 20.511 billion, an increase of 27% to 30% year-on-year; the net profit attributable to the parent company's owners, excluding non-recurring gains and losses, is expected to be between RMB 19.249 billion and RMB 19.757 billion, an increase of 164% to 171% year-on-year. -
Samsung Invests 60 Trillion Won in Physical AI Industry Cluster
On July 3, Samsung announced an investment of approximately 60 trillion won in the Yeongnam region of South Korea to establish production centers for humanoid robots, solid-state batteries, AI server packaging substrates, and high-value-added ships. This initiative aims to integrate artificial intelligence transformation (AX) and robotics with existing manufacturing, positioning the Yeongnam region as a global leader in physical AI innovation clusters. Samsung Electronics President and DX (Device Solutions) Head, Roh Tae-moon, attended a national briefing on the vision for advanced industry development in Yeongnam held at Gyeongsang National University in Jinju, South Gyeongsang Province. He stated, 'We will create 200,000 high-quality jobs in the Yeongnam region by concentrating investments in humanoid robots, AI data centers, and advanced manufacturing.' Following Roh's speech, Samsung released a press statement detailing the group-level investment plan centered around Gimhae, Ulsan, Busan, and Geoje.
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