News

Senate final confirmation vote expected for Fed Chair nominee Kevin Warsh. Trump indicated possible US-Iran deal this week, but situation remains complex. Stablecoin leader Circle (CRCL) reports Q1 earnings pre-market. May 12 (Tue) US April CPI (consensus ~3.8% YoY). NY Fed President Williams speaks on monetary policy. Oklo (OKLO) reports after close. May 13 (Wed) US April PPI at 8:30 PM Beijing time. Alibaba (BABA) pre-market; Nebius & Cisco (CSCO) after close. May 14 (Thu) Trump potentially visits China (May 14-15); US invites Nvidia, Apple, Exxon, Boeing CEOs to join. Applied Materials (AMAT) after close; Cerebras Systems expected Nasdaq debut. May 15 (Fri) Powell's Fed Chair term ends; Warsh expected to succeed. 13F filings deadline (Berkshire, etc.). Core Themes: Powell's term end/Warsh transition, CPI/PPI data, potential Trump China visit, earnings from Circle/Oklo/AMAT. Expect heightened volatility.  

GLONGHUI, May 11 – Toyota announced on Monday that it will build a new factory in Maharashtra, India, with an annual production capacity of 100,000 vehicles. The plant is expected to start operations in the first half of 2029. The Japanese automaker stated in a release that the factory will be located in the local Bidkin industrial area, primarily responsible for producing an all-new SUV model, and is expected to create around 2,800 jobs locally.

Golden Ten Data reported on May 11 that emerging market equities rose, boosted by trades related to artificial intelligence, as investors ignored concerns over stalled peace negotiations between the US and Iran. On Monday, an index tracking the performance of emerging market stocks surged as much as 1.4%. Led by giants like SK Hynix, Samsung Electronics, and MediaTek, the index is poised to hit a historic closing high. As investors, worried about a shortage of memory chips, poured funds into semiconductor heavyweights, Korea’s stock market index soared 5%, also reaching an all-time high. The strong upward momentum has triggered concerns that technology stock prices may have become excessive and prone to correction. Lorraine Tan, Director of Equity Research at Morningstar Asia Limited, stated: “We believe that, from a valuation perspective, the market is currently somewhat overpriced.” She added: “If chip supply is disrupted due to shortages in raw materials, this will impact upside potential.”