The Jiwei Index rose 1.32%. TSMC is working hard to find a solution to the trade friction.

As of the close of June 9, the Shanghai Composite Index was at 2956.11 points, up 0.62%, with a turnover of 251.4 billion yuan (the turnover on the previous trading day was 274.6 billion yuan); the Shenzhen Component Index was at 11284.24 points, up 0.61%, with a turnover of 368.9 billion yuan (the turnover on the previous trading day was 409.7 billion yuan); the ChiNext Index was at 2181.59 points, up 1.3%, with a turnover of 126.4 billion yuan (the turnover on the previous trading day was 138.8 billion yuan).

Judging from the market, internet celebrity economy, medicine, and photoresist are at the top of the sector's list of gains, while Hainan, MINILED, and the two oil companies are at the top of the sector's list of losses.

The semiconductor sector rose. Jiwei.com selected 110 semiconductor companies from the fields of electronic components, materials, equipment, design, manufacturing, IDM, packaging and testing, and distribution for statistics, and their total market value rose by 1.18%.

Among the 110 semiconductor companies, the market value of 58 companies increased, among which Shanghai Silicon Industry, Star Semiconductor, Shengbang Electronics, Nanjing Optoelectronics, and Qiangli New Materials had the largest increases; the market value of 52 companies decreased, among which Jingfeng Mingyuan, Zongyi Holdings, Juchen Holdings, Qingyi Optoelectronics, and Zijing Storage had the largest decreases.

Jiwei.com has launched the Jiwei Semiconductor Industry Index!

The Jiwei Semiconductor Industry Index, referred to as the Jiwei Index, is a stock index launched by Jiwei.com to reflect the overview and operating conditions of the semiconductor industry in the securities market, and to help investors track the development of the semiconductor industry and use investment tools.

Jiwei.com observed and counted the overall performance of China's "core" listed companies in the A-share market over the past period of time, and referred to the company's total assets and revenue scale. It selected 30 companies from the sample library of 110 Jiwei.com semiconductor companies as components of the Jiwei Index.

The sample library covers all aspects of the semiconductor field, including electronic components, materials, equipment, design, manufacturing, IDM, packaging and testing, and distribution.

As of the close of June 9, the Jiwei Index closed at 4335.38 points, up 56.39 points from the previous trading day, an increase of 1.32%.

In terms of capital inflow/outflow, the semiconductor sector had the largest net outflow, and the market performance was average. According to data from Tonghuashun, the securities, media, medical device services, and chemical pharmaceutical sectors had the largest net inflow, while the optical optoelectronics, nonferrous metallurgy and processing, national defense and military industry, and communication equipment sectors had the largest net outflow.

Hexin Investment Consulting said that the external stock indexes rose and fell, the US stock market rose sharply, and the European stock market fell slightly, but the A50 index futures rose slightly in the night session, and the overall external environment was favorable for A-shares. The rebound trend of the index is good, and the volume is still the key to restricting the rebound of the index. The operation is still based on reverse thinking. The market is still a structural opportunity, and it is necessary to step on the rhythm accurately. It is not advisable to chase the rise in the short term. The position should be properly controlled. The position can be reduced when the volume rebounds, and the position can be appropriately increased when the callback is adjusted to actively participate in the short-term game opportunities in the market. The focus is still on the operation opportunities of the core leaders in the new infrastructure, big technology, big consumption, new energy vehicles and other directions.

Global News

The National Bureau of Economic Research (NBER) Business Cycle Committee released a key report on Monday (June 8) Eastern Time, saying that the 128-month economic expansion (the longest economic expansion since 1854) ended in February. The recession also began in the same month. In addition, it is worth noting that data from the World Bank shows that emerging and developing economies will shrink this year for the first time in at least 60 years, highlighting the increasing economic costs caused by the new coronavirus epidemic as it spreads around the world.

According to the Russian Satellite News Agency on the 9th, the website of the Russian Federal Service for the Protection of Consumer Rights and Public Welfare announced that the Committee of Heads of Authorized Agencies in the Field of Health and Epidemiological Well-being of Residents of the Eurasian Economic Union member states agreed on a draft comprehensive plan to prevent the spread of the new coronavirus in the member states of the union. The message said: "During the meeting, the Committee of Heads agreed on a draft comprehensive plan of measures to prevent the spread of the new coronavirus and other infectious diseases in the member states of the Eurasian Economic Union. The document is expected to be reviewed at the next meeting of the heads of the committee and subsequently approved by the Intergovernmental Council of the Eurasian Economic Union."

The Ministry of Internal Affairs and Communications of Japan announced on the 9th that as of the 5th, about 38.5 million people had received special fixed-rate subsidies of 100,000 yen (about 6,553 yuan) per citizen, which is equivalent to 30.2% of the target population. This is the first time that the Ministry of Internal Affairs and Communications has announced the number of people. It is reported that there is a trend of slow payment in urban areas with large populations.

In the Asia-Pacific region, as of the close of June 9, the Hang Seng Index rose 1.13%, the Nikkei 225 fell 0.38%, and the South Korean Composite Index rose 0.21%.

In the U.S. stock market, as of Monday (June 8), the Dow Jones Industrial Average rose 461.46 points, or 1.70%, to 27,572.44 points; the Nasdaq Composite Index rose 110.66 points, or 1.13%, to 9,924.74 points; and the S&P 500 Index rose 38.46 points, or 1.20%, to 3,232.39 points.

U.S. stocks closed higher on Monday, with the Nasdaq breaking through 9,900 points for the first time in history, setting intraday and closing records. Optimistic expectations for lifting restrictions and restarting the economy drove the stock market higher.

The Philadelphia Semiconductor Index fell 5.14 points, or 0.26%, to 1,998.62.

Looking at individual stocks, the Philadelphia Semiconductor component stocks had mixed gains and losses. Among them, Silicon Labs, ON Semiconductor, and Qualcomm had the highest gains, with Silicon Labs rising 7.55%; Lingyun Semiconductor, Senko Electronics, and Interg had the largest declines, with Lingyun Semiconductor falling 4.32%.

In Europe, as of Monday (June 8), the three major European stock indices fell across the board, with the UK FTSE 100 down 0.18%, France's CAC40 down 0.43%, and Germany's DAX down 0.22%.

Jasper Lawler, head of research at London Capital Group, said the explosive non-farm payrolls report has economists talking about a V-shaped recovery. Meanwhile, the market has been on a V-shaped reversal. The Nasdaq Composite Index's record high was shocking, but it seems unstoppable since it broke through the 200-day moving average.

Stock News/A Shares

NAURA - The VB series vacuum brazing equipment developed by NAURA has achieved a delivery volume of over 200 units in the vacuum switch tube industry. The equipment's good user reputation and outstanding performance in reducing costs and increasing efficiency have won it recognition and praise from many domestic manufacturers, and also established NAURA's important position among equipment manufacturers in the industry.

Feikai Materials - issued an announcement on the evening of June 8, responding to the feedback on the application documents for the public issuance of convertible bonds on the Growth Enterprise Market. The company replied to the China Securities Regulatory Commission that the company held the third meeting of the fourth board of directors on June 4, 2020, and adjusted the scale of funds raised from the issuance of this convertible bond. The total amount of funds raised after adjustment (including issuance costs) will not exceed RMB 825 million. The net amount of funds raised after deducting the issuance costs will be used for six major projects: 10,000t/a UV-curable optical fiber coating material expansion project, 2,000 tons of new photoinitiator project per year, 120 tons of TFT-LCD hybrid liquid crystal display material project per year, 150 tons of TFT-LCD synthetic liquid crystal display material project per year, 500 kilograms of OLED display material project per year and supplementary working capital. The planned use of funds raised is RMB 113.07 million, RMB 95.12 million, RMB 110.95 million, RMB 192.82 million, RMB 65.55 million and RMB 247.49 million respectively.

Sanan Optoelectronics - Sanan Optoelectronics announced that its wholly-owned subsidiary Quanzhou Sanan Semiconductor Technology Co., Ltd. and TCL Huaxing Optoelectronics Technology Co., Ltd. recently signed a "Joint Development Agreement" and a "Shareholder Agreement". TCL Huaxing and Sanan Semiconductor jointly invested in the establishment of a joint R&D laboratory with a research and development capital of RMB 300 million. TCL Huaxing contributed 55% with its own monetary funds and Sanan Semiconductor contributed 45% with its own monetary funds. The two parties will use their respective LED technology and display panel technology and resource advantages to jointly commit to the research and development of materials, devices, and processes based on LED technology and display panel technology, especially the end-to-end technology research and development of market-competitive Micro-LED display devices and the realization of large-scale mass production processes, and form their own materials, processes, equipment, production line solutions and independent intellectual property rights.