Market Brief
China's $295B, 5-year plan for a unified AI network—operated by state telecoms and 80% supplied by domestic chips—locks Nvidia/AMD out, signaling global AI capex is entering its heavy-infrastructure phase. What A-share and US semiconductor investors need to know now.
Market Brief
DeepSeek targets GW-scale AI infrastructure, marking China's pivot from asset-light research to heavy-asset compute ownership. As AI expansion hits the global power bottleneck, we analyze why this shift puts DeepSeek in the same league as OpenAI’s Stargate and what it means for global investors.
Market Brief
Asian equities suffered their sharpest one-day drawdown of 2026 on June 8. KOSPI -8.29% (two intraday circuit breakers). Nikkei -3.85% (-2,500 points). Shanghai Composite -1%, breaking below 4,000 for the first time since the rally began. The trigger: Israeli airstrike on an Iranian petrochemical complex, sending
Market Brief
PIF opened in Shanghai. Foreign A-share holdings hit RMB 4T. Gulf SWF participation in HK IPOs jumped from 18% to 39% in 18 months. What the world's largest patient capital pools are signaling about Chinese assets — and why most North American allocators are not yet listening.