On May 12, BlackRock CEO Larry Fink expressed optimism about investing in Venezuela, stating, "In fact, I hold a rather optimistic view on the opportunities for investment in Venezuela." Fink made these remarks during a panel discussion in New York, noting that this oil-rich country is expected to return to its "former glory." He added, "We are beginning to see more hope in the region," and highlighted that the surge in demand for artificial intelligence (AI) infrastructure could benefit economies rich in solar and hydrocarbon resources. "The pace of demand growth is outstripping supply, which could present a thriving opportunity for Brazil and many other countries."
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BlackRock Optimistic About Investment Opportunities in Venezuela
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US Stock Storage Sector Rebounds in Pre-Market, SanDisk Up Over 6%
On July 6, following a collective drop last Thursday (the market was closed on Friday), US storage sector stocks rebounded collectively in pre-market trading today. Among them, SanDisk rose over 6%, Western Digital increased over 5%, Seagate Technology gained over 4%, Micron Technology was up over 3%, and both Silicon Motion and Rambus rose over 2%. -
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UN Secretary-General: AI Development is Rapid, Global Regulations Must Keep Up
On July 6, UN Secretary-General António Guterres warned at the first government-level global dialogue on AI in Geneva that the pace of artificial intelligence development has surpassed the ability of anyone to keep up. He called for the establishment of unified global regulations to mitigate potential risks, especially those affecting children. Guterres stated, 'This technology has the potential to reshape economies, alter workplace dynamics, influence election outcomes, and affect security balances, but its deployment speed has outpaced the ability of anyone, including its developers, to keep up.' He emphasized, 'Innovation requires 'guardrails.' For AI to play a powerful role, it must be effectively governed.' -
ING: Yen Intervention Risks Persist, Next Window May Be July 16-17
On July 6, analysts at ING, led by Chris Turner, stated in a report that despite the much-anticipated intervention action last Friday not materializing, Japanese authorities may still intervene later this month to support the yen. He noted that during the quiet trading session caused by the U.S. holiday on Friday, Japanese authorities remained inactive, allowing the dollar to rise above 162 yen. 'This may remind the market that Tokyo wishes to use its limited foreign exchange reserves cautiously.' The next potential intervention window could be from July 16 to 17, just before Japan's next public holiday on July 20. (Jin Shi) -
Tsinghua Special Award Winner Gu Yuxian Joins DeepSeek, Led Large Model Distillation and 50x Long Text Acceleration
On July 6, it was announced that Gu Yuxian, a PhD graduate from the Department of Computer Science at Tsinghua University and recipient of the 2025 Graduate Special Award Scholarship, has officially joined DeepSeek, with his name now listed among the authors of the DeepSeek V4 paper. Gu Yuxian's research primarily focuses on optimizing the efficiency of large models during pre-training, model compression, and inference stages, with nearly 5,000 citations on Google Scholar. His notable works include the large model knowledge distillation method MiniLLM (adopted by platforms such as Google, Alibaba, and NVIDIA) and the hybrid architecture model Jet-Nemotron. Jet-Nemotron achieves a throughput acceleration of 53.6 times compared to traditional full attention models when processing 256K ultra-long contexts on H100 GPUs, outperforming larger parameter hybrid expert models in multiple benchmark tests. -
Former Japanese Forex Chief: Yen May Be Undervalued by 20%, Shorts Should Beware of Intervention Risks
On July 6, Takao Yamazaki, former chief of Japan's Ministry of Finance and head of foreign exchange policy, stated in an interview that the yen should appreciate by up to 20% from its current level (approximately 130 yen to 1 dollar), refuting views that bet on further weakness of the yen. Yamazaki said, 'This is no longer a fundamental issue, but rather a question of how market expectations change. However, we are approaching a climax.' He believes that the current estimate of the yen being undervalued by 10% may be overly conservative. 'If the yen rises to around 130, I wouldn't be surprised. To be honest, that's my view.' Meanwhile, Yamazaki hinted that the market should not misinterpret the recent apparent calm of Japanese authorities as complacency. He stated, 'They have issued warnings; anyone still holding short positions on the yen knows they face the risk of intervention penalties—namely, being forced to cover their positions. The Ministry of Finance has moved beyond the warning stage, and the authorities have indicated their willingness to take action.' -
SK Hynix Plans to Raise 43 Trillion Won Through ADR Listing
On July 6, SK Hynix announced plans to raise 43 trillion won through an ADR listing. -
Investment Banks Warn of Increased Selling Pressure on Hong Kong Stocks
On July 6, several new stocks were listed in Hong Kong over the past year, and with the gradual lifting of lock-up periods, an unprecedented wave of unlocks is expected to hit the market. Brokers believe this may add selling pressure to an already struggling Hong Kong stock market. Zhizhu (2513.HK) will have 25.6 million shares ending a six-month lock-up period on Wednesday, accounting for nearly 6% of its total issued shares. The stock price has risen over 12 times since its listing. Xiyu Technology (MiniMax) (0100.HK) and Tianshu Zhixin (9903.HK) will also see lock-up shares released this week, with 45% and 4.3% of their total issued shares unlocked, respectively. Morgan Stanley's report indicates that selling pressure in the secondary market will mainly concentrate in July and September. Even if the company's fundamentals remain robust, these unlock events may pose a liquidity challenge for the market; this is one of the key reasons for the bank's cautious stance on the Hong Kong market in the short term. Goldman Sachs previously estimated that $274 billion (approximately HKD 2.14 trillion) worth of lock-up shares will be released in the Hong Kong market over the next 12 months, marking a historical high. Based on historical experience, related stocks typically see a decline of 4% to 7% in price within 3 to 6 months after the lock-up period ends. The impressive returns from new stocks may further intensify profit-taking pressure. According to EY data, the average first-day gain for Hong Kong IPOs in the first half of this year was 61%, while the overall market performance has been relatively sluggish. The Hang Seng Index has dropped 8.9% year-to-date. -
Ministry of Foreign Affairs: Chinese Navy Conducts Submarine-Launched Strategic Missile Test, Not Aimed at Any Specific Country or Target
On July 6, according to CCTV, Foreign Ministry spokesperson Mao Ning hosted a regular press conference. In response to a question regarding the successful organization of a submarine-launched strategic missile test by the Chinese Navy, Mao Ning stated that China has already released information on this matter and suggested that further details be sought from the relevant authorities. I can tell you that this is a routine arrangement for China's annual military training, in accordance with international law and practices, and it is not aimed at any specific country or target. -
First Global Dialogue on AI Governance Held in Geneva
On July 6, local time, the first Global Dialogue on AI Governance was held in Geneva, Switzerland, with approximately 1,500 representatives from around the world participating in discussions on AI governance over the two-day conference. UN Secretary-General António Guterres stated at the opening ceremony that artificial intelligence is developing at an astonishing pace. The question is whether we will steer it together or let it steer us. This dialogue provides every country with an opportunity to participate in global AI governance for the first time. We must now translate global participation into global action to make AI safer, fairer, more accessible, and more ethical. The dialogue will focus on four key priorities: the opportunities and impacts of AI; capacity building and the gaps in the AI field; safe and trustworthy AI; and human rights and human oversight. (CCTV News)
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