Masayoshi Son Seeks to Partner with TSMC to Build $1 Trillion AI Hub in Arizona; Pop Mart Shares Continue to Face Downward Pressure | Today's Important News Review

0620 ｜Dolphin Research Key Focus:

🐬 Macro/Industry

1.The White House stated that Trump will decide within two weeks whether to take military action against Iran. The escalation of geopolitical tensions has significantly suppressed market risk appetite, with investors concerned that an escalation of conflict could increase global economic uncertainty, thereby affecting corporate earnings and market confidence. Additionally, the conflict could lead to increased risks of oil supply disruptions, driving up oil prices and further exacerbating inflation expectations, creating dual pressures on the global economy and financial markets.

2. According to relevant departments, the policy of expanding the scope of trade-in for consumer goods remains unchanged, and the progress of subsidy fund usage is in line with expectations. An additional 138 billion yuan of central funds will be allocated in batches in the third and fourth quarters. In May, the total retail sales of consumer goods increased by 6.4% year-on-year, with trade-in contributing over 30% of the increment, verifying the policy's role in driving consumption recovery. The consumer sector is entering a performance release window under policy dividends, but caution is needed regarding demand overdraft and intensified competition.

🐬 Individual Stocks

1.$Taiwan Semiconductor(TSM.US)

SoftBank founder Masayoshi Son plans to build a trillion-dollar AI and robotics manufacturing park in Arizona, USA, codenamed "Project Crystal Land," aiming to replicate the "Shenzhen Manufacturing Center" model by integrating semiconductor design, AI chip manufacturing, and the robotics industry chain. The core strategy of this project is to attract cooperation from tech giants like Taiwan Semiconductor Manufacturing Company. SoftBank has already met with the U.S. Secretary of Commerce to seek tax incentives and other policy support, and is promoting participation to companies like Samsung Electronics.This "American version of Shenzhen" model aligns with the Trump administration's "manufacturing reshoring" slogan and can reduce geopolitical risks by tying in Asian companies like Taiwan Semiconductor Manufacturing Company. If successful, the project could become a strategic pivot for the U.S. in the AI and robotics fields, reducing dependence on the Asian supply chain.

2.$POP MART(09992.HK)

The People's Daily published a commentary titled "From 'Pocket Money' to 'Spending Thousands' - Blind Cards and Blind Boxes Cannot Be 'Unrestrained,'" focusing on the chaos in the blind card and blind box market, particularly highlighting the prominent issue of irrational consumption among minors, with some children spending hundreds or even thousands of yuan in pursuit of rare cards. Although the article did not directly name Pop Mart, as a leading company in the trendy toy industry, it received negative feedback on the day, compounded by recent shareholder sell-offs, supply chain pressures, and valuation bubble concerns, forming multiple driving factors for the stock price correction.

🐬 Leading Sectors

Shanghai and Shenzhen: Life and Health Insurance, Computer and Electronic Product Retailers, Air Freight;

Hong Kong Stocks: Forest Products, Consumer Goods Retailers, Brewing Industry;

U.S. Stocks: Commercial and Residential Mortgage Financing, Stadiums and Other Leisure Facilities, Motorcycle Manufacturers.

🐬 Focus for Tomorrow

1. U.S. S&P Global Manufacturing PMI Preliminary, U.S. S&P Global Services PMI Preliminary.

Risk Disclosure and Statement of this Article: Dolphin Research Disclaimer and General Disclosure