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```htmlGolden Ten Data reported on May 7 that the cost of Qatar's government debt default insurance has dropped to levels seen before the outbreak of the Middle East conflict. The market holds an optimistic attitude towards a possible agreement between the US and Iran and the potential end of the conflict in the Middle East, thus improving risk appetite. According to S&P Global Market Intelligence data, Qatar's five-year sovereign credit default swap (CDS) fell to 32 basis points, the lowest level since the outbreak of the Middle East war.```

Golden Ten Data reported on May 7 that Germany’s March manufacturing orders far exceeded broad market expectations. Claus Vistesen, an analyst at Pantheon Macroeconomics, said in his report that, as soaring energy prices are eroding real income growth and dragging down consumption, this is undoubtedly positive news. He indicated that manufacturing orders in March increased by 5.0% month-on-month, with growth in key sectors such as capital goods, intermediate goods, and consumer goods, illustrating a strong performance in core orders at the end of the first quarter. This may reflect potential support from fiscal stimulus measures, while it is also possible that companies placed orders ahead of schedule to address anticipated supply chain disruptions related to the war with Iran. Vistesen noted that this data is “exactly what is needed right now,” since a large amount of recent survey data reflecting early Q2 conditions has generally been sluggish.

Despite widespread industry expectations that the traditional peak season would bring recovery momentum, current demand signals have yet to show a clear trend of improvement. In the consumer electronics sector, demand for key applications such as smartphones and tablets remains weak, and clients continue to adopt cautious ordering strategies. Although the automotive electronics business has a promising long-term outlook, in the short term, growth faces uncertainties due to global supply chain adjustments. The company will continue to monitor market dynamics and address challenges through technological upgrades and product portfolio optimization. Industry analysis points out that amidst cyclical fluctuations in the semiconductor industry, panel driver IC manufacturers need to adjust capacity allocation flexibly to maintain profitability.