On August 28, Iran's Foreign Ministry condemned the new round of economic measures introduced by the United States, labeling them as 'economic terrorism.' The ministry stated that Washington's 'Economic Storm Operation' aims to inflict suffering on ordinary Iranian citizens, constituting international crimes and crimes against humanity. It emphasized that these sanctions violate international law and fundamental rights, including the rights to medical services and food. The ministry called on all countries not to implement these sanctions and not to recognize any consequences arising from them. In response to the joint military and economic actions of the U.S. and Israel, Tehran will take all available measures to defend the nation.
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Iran's Foreign Ministry Condemns New U.S. Economic Threats, Calls on All Nations Not to Comply
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Changxin Technology: Net Profit of 77.605 Billion Yuan in First Half of Year, Turning Losses into Profits Year-on-Year
On August 28, Changxin Technology announced that its operating revenue for the first half of 2026 reached 150.31 billion yuan, a year-on-year increase of 873.64%. The net profit attributable to shareholders of the listed company was 77.605 billion yuan, compared to a loss of 2.332 billion yuan in the same period of 2025, marking a turnaround to profitability. -
Changxin Technology: Net Profit of 77.605 Billion Yuan in First Half of Year, Turning Losses into Profits
On August 28, Changxin Technology announced that its operating revenue for the first half of 2026 reached 150.31 billion yuan, a year-on-year increase of 873.64%. The net profit attributable to shareholders of the listed company was 77.605 billion yuan, compared to a loss of 2.332 billion yuan in the same period of 2025, marking a turnaround from losses to profits. (Jin Shi) -
Market News: Japan's Forex Intervention Reaches Record 15.4 Trillion Yen in the Past Month
Market news: Japan's forex intervention has reached a record 15.4 trillion yen in the past month. (Jin Shi) -
Market News: Japan's Foreign Exchange Intervention Reaches Record 15.4 Trillion Yen in the Past Month
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SK Hynix CEO: Storage Shortage to Last Until End of 2030, HBM Demand Will Not Plummet Even in Downturn
On August 28, SK Hynix CEO Lee Seok-hee stated at a press conference, "We expect the current market conditions to persist until the end of 2030. At present, we do not see any clear signals indicating that the market will enter a downturn." Lee also pointed out that even if the storage market faces a downturn in the future, the likelihood of a drastic decline similar to past cycles is very low: "In previous downturns, the storage business was essentially 100% a commodity, with manufacturers primarily competing through capacity expansion. However, for HBM, customers and semiconductor manufacturers collaborate closely in chip development, which requires both parties to work together to maximize performance, making market demand easier to predict." -
SK Hynix CEO: Storage Shortage to Last Until End of 2030, HBM Demand Will Not Plummet Even in Downturns
On August 28, SK Hynix CEO Lee Seok-hee stated at a press conference, "We expect the current market situation to continue until the end of 2030. Currently, we do not see any clear signals indicating that the market is entering a downturn." Lee also pointed out that even if the storage market experiences a downturn in the future, the likelihood of a drastic decline similar to past downturns is very low: "In previous downturn cycles, the storage business was essentially 100% a commodity, and manufacturers primarily engaged in homogeneous competition by expanding capacity. However, for HBM, customers and semiconductor manufacturers participate together in chip development, and both parties must work closely to maximize performance, making market demand easier to predict." -
Changxin Technology: Global DRAM Supply Shortage to Persist in Second Half of 2026
On August 28, Changxin Technology (688825.SH) stated in its semi-annual report for 2026 that the global supply shortage of DRAM products is expected to continue into the second half of 2026. The company will continue to monitor external factors such as macroeconomic fluctuations and geopolitical situations, facing multiple challenges while seizing development opportunities. It aims to focus on achieving annual performance growth targets, expanding new application scenarios, implementing key projects, and deepening integration of industry, academia, and research. The company strives for greater breakthroughs in operational efficiency, product iteration and upgrades, long-term development planning, and open collaborative innovation, further strengthening its core competitiveness and expanding market influence. -
Changxin Technology: Global DRAM Supply Shortage to Persist in Second Half of 2026
On August 28, Changxin Technology (688825.SH) stated in its semi-annual report for 2026 that the global supply shortage of DRAM products is expected to continue in the second half of 2026. The company will maintain its focus on external factors such as macroeconomic fluctuations and geopolitical situations, directly facing multiple challenges while seizing development opportunities. It aims to anchor its annual performance growth targets, expand new application scenarios, implement key projects, and deepen the integration of industry, academia, and research. The company strives to achieve greater breakthroughs in operational efficiency, product iteration and upgrades, long-term development planning, and open collaborative innovation, further strengthening its core competitiveness and expanding its market influence. -
Iran's Foreign Ministry Condemns New U.S. Economic Threats, Calls on All Nations Not to Comply
On August 28, Iran's Foreign Ministry condemned the new round of economic measures introduced by the United States, labeling them as 'economic terrorism.' The ministry stated that Washington's 'Economic Storm Action' aims to inflict suffering on ordinary Iranian citizens, constituting international crimes and crimes against humanity. It asserted that these sanctions violate international law and fundamental rights, including the right to access medical services and food. The ministry called on all countries not to implement these sanctions and not to recognize any consequences arising from them. In response to the joint military and economic actions of the U.S. and Israel, Tehran will take all available measures to defend the nation. -
U.S. Treasury Can Temporarily Lower Long-Term Yields, but Long-Term Market Resistance is Challenging
According to macroeconomic forecasting consultancy TS Lombard, the U.S. Treasury can indeed temporarily lower long-term yields and compress the spread between 30-year and 10-year bonds by significantly increasing short-term debt issuance while repurchasing long-term debt. However, this effect is more short-term in nature. Currently, Treasury Secretary Yellen is pushing for long-term repurchase operations at a frequency close to three times a month, with a maximum single operation size doubled to $4 billion, which remains relatively small compared to the entire U.S. bond market. Even if similar operations like Operation Twist (where the central bank or Treasury sells short-term bonds and buys long-term bonds) are further implemented, the effects may quickly diminish. Looking back at the Operation Twist from 2011-2012, while long-term yields and the curve initially declined significantly after the policy was introduced, fundamentals regained dominance a few months later, and the impact of the second round of operations was weaker. Overall, while the Treasury has tools and can create temporary supply-demand changes, it cannot fundamentally alter long-term term premiums. Global capital flows and macro fundamentals will ultimately re-establish equilibrium. If investors believe that long-term bonds do not adequately compensate for inflation risks, or if the value of bonds as a hedge against equities declines, the demand generated by Treasury repurchases will ultimately be offset by reduced allocations from private investors.
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