Fitch: Profitability of major Japanese securities firms will moderate amid market uncertainty.

June 11, U.S. chipmaker Qualcomm (QCOM.O) said on Tuesday that it has established an artificial intelligence research and development center in Vietnam. Its researchers will focus on advancing generative and agent artificial intelligence solutions in smartphones, personal computers, XR (extended reality), automotive and IoT applications, the company said in a statement.

Market news: NASA and its partners postponed the launch plan of Axiom Mission 4 and re-evaluated the launch date.

California Governor Gavin Newsom said on June 11 that the Trump administration is not focusing on undocumented immigrants and criminals, but on mass deportations. Newsom said on Tuesday that the Trump administration "indiscriminately targets hard-working immigrant families, regardless of their origin or risk."

California Governor Gavin Newsom: California will continue to fight, and we will continue to fight on behalf of all our people, including through judicial means.

Market news: Qualcomm (QCOM.O) announced the establishment of an artificial intelligence R&D center in Vietnam.

The Hang Seng Index in Hong Kong opened up 28.45 points, or 0.12%, at 24,191.32 points on June 11 (Wednesday); the Hang Seng Technology Index opened up 11.77 points, or 0.22%, at 5,403.96 points on June 11 (Wednesday); the CSI 300 Index opened up 18.8 points, or 0.21%, at 8,786.16 points on June 11 (Wednesday); the H-share Index opened down 3.13 points, or 0.08%, at 4,090.15 points on June 11 (Wednesday).

Hong Kong Financial Secretary Paul Chan Mo-po: The stock market is expected to remain strong.

Xpeng Motors announced that it will unify payment terms to within 60 days.

Futures June 11, the next day, the highs of US oil fell back, SC performance was strong. From the perspective of supply and demand, OPEC+ production increase is relatively certain. In the absence of demand growth, it may be necessary to see that the supply side increment is limited, and pay attention to the probability of supply loss in Russia and Iran due to geopolitical confrontation. In addition, it should be noted that the United States may limit crude oil production due to low oil prices and drilling numbers, but if oil prices rebound, it may drive the number of drilling to rebound. In the medium and long term, WTI will test the pressure of the production cut bottom in the second round after breaking the production cut bottom. This round of continuous upward surges, oil prices will maintain a strong trend in the short term and enter the fluctuation range of the production cut bottom, and the previous production cut bottom range may be anchored to the weak balance of supply and demand expectations. When OPEC+ exits the production cut stage, oil prices may remain strong or still rely on some supply reduction expectations (Russia, Iran, the United States, etc.), or the demand side may have an unexpected performance; in the short term, oil prices will fall back to a balanced position, and WTI will pay attention to whether the $64/barrel area will become an effective support. If the support is effective, there is still a probability of continuing to attack in the short term. Retain sensitivity to the sudden rise in U.S. Treasury yields and the impact that may be caused by it. The trading side is facing a mid-term layout opportunity. Under the premise that the previous production cut bottom pressure is effective, we should still maintain a cautious approach of shorting at highs. For short positions, pay attention to stop-loss and protect floating profits, or consider ambushing out-of-the-money options for gambling.

On June 11, Los Angeles Mayor Bass said around 17:00 local time on the 10th that a curfew would most likely be announced within an hour and would be implemented "before nightfall." The scope should not be the entire city of Los Angeles, and the specific coverage area will be determined in consultation with local security departments.

Musk: Robotaxi public trial operation is expected to begin on June 22.

New York gold futures hit $3,350 an ounce, up 0.20% on the day.

On June 11, the article stated that the network environment is an important part of the business environment, and the quality of the network environment is directly related to the quality of the business environment. Negative public opinion has a profound impact on enterprises and industries. We must not allow "black mouths" to spread rumors and become rampant. To rectify the "black mouths" on the Internet involving enterprises, not only does it require the regulatory authorities to strike hard, but it also requires the enterprises themselves to be vigilant and actively protect their rights. It also requires the majority of netizens to enhance their ability to distinguish and not believe in rumors or spread them. Only by working together can we make the "black mouths" on the Internet have nowhere to hide and make the clear cyberspace the rain and sunshine for the development of enterprises.

June 11 news: On June 10, local time, Ukrainian President Zelensky urged in his evening routine video speech to take all measures to lower Russian oil prices and implement a price ceiling of no more than $30. He said, "This price level will put substantial pressure on Russia and force it to seek peace." In addition, he thanked the European Commission for announcing a new package of sanctions against Russia.

General Motors (GM.N): Capital expenditure guidance for 2025 remains unchanged and is expected to be between $10 billion and $11 billion. Annual capital expenditures are expected to remain in the range of $10 billion to $12 billion through 2027.

General Motors (GM.N): New investments in the United States will enable assembly of more than 2 million vehicles per year in the United States.