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UBTECH (9880): Looking ahead, the intensive overseas trial operations in the second half of 2026 are expected to accelerate the conversion of proof-of-concept into mass orders, becoming key to long-term valuation reassessment. Meanwhile, the official price announcement for Walker U1 on June 30th is expected to further clarify its market value and become a new growth driver for its consumer hardware business, making its global prospects promising.

US-Iran  Negotiation Remains Unresolved

Negotiations between Iran and the United States in Switzerland began around 3 PM local time on the 21st. After lasting approximately one and a half hours, they were adjourned for 30 minutes to allow for internal consultations between the delegations. However, due to threatening remarks made by Trump, the Iranian delegation refused to return to continue negotiations. Despite this, Qatar and Pakistan continue their mediation efforts, and Iran and the United States are communicating through intermediaries. Mediation efforts are ongoing, but no final result has been achieved.

Hong Kong Stock Connect saw a net outflow of HK$6.792 billion on Thursday. SMIC (00981) saw the largest inflow at HK$1.79 billion, followed by Kingboard Holdings (00148) with a net inflow of HK$1.69 billion. Alibaba-W (09988) recorded the largest net outflow at HK$3.87 billion, followed by Tencent Holdings (00700) with a net outflow of HK$1.97 billion.