---
title: "Zhitong Hong Kong Stocks Early Insights | Domestic Hexafluorotungsten Welcomes \"Golden Window\" Major US Tech Stocks Decline"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/289248502.md"
description: "Biwin announced the signing of a significant procurement contract for daily operations worth USD 1.8608 billion, locking in volume and price for 24 months to secure production capacity and reduce supply disruption risks. Affected by tightening overseas supply chains and a surge in downstream demand, the domestic price of hexafluorotungsten has soared, with an increase of 232.7% compared to the same period last year. In the U.S. stock market, large technology stocks fell broadly, with the NASDAQ index dropping nearly 1%"
datetime: "2026-06-09T23:55:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/289248502.md)
  - [en](https://longbridge.com/en/news/289248502.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/289248502.md)
---

# Zhitong Hong Kong Stocks Early Insights | Domestic Hexafluorotungsten Welcomes "Golden Window" Major US Tech Stocks Decline

**【Today's Headlines】**

**Storage concept continues to ferment, Biwin signs a significant procurement contract worth $1.8608 billion**

Biwin (688525.SH) announced that the company has signed a routine operational procurement contract with a certain storage manufacturer, with a total committed procurement amount of $1.8608 billion, locking in both quantity and price, with a total procurement period of 24 months, effective until June 30, 2028. This contract is beneficial for securing the production capacity and delivery time of medium to long-term storage particles, reducing the risk of supply interruption. The procurement volume for 2026 accounts for 4.45% of the company's total NAND FLASH procurement in 2025, and 14.88% in 2027, which is relatively small. There are risks associated with market price fluctuations, exchange rate changes, and force majeure in the performance of the contract.

Regarding market prospects, ADATA Chairman Chen Libai stated that with the acceleration of global AI data center construction, the demand for high-capacity and high-bandwidth storage products is rapidly increasing. Especially in the new generation Vera Rubin platform, storage configurations are experiencing exponential growth. The global storage market is expected to remain in a state of supply shortage this year, and the shortage situation may even worsen next year.

Huatai Securities' latest research report predicts that the storage supply-demand gap will be approximately -7% before the reduction and about -3% after the reduction in 2027, indicating that the upward cycle of storage remains unchanged. Related Hong Kong stock storage concept sectors include: Zhaoyi Innovation (03986), Lattice Semiconductor (06809), Hua Hong Semiconductor (01347), and SMIC (00981).

**【Market Outlook】**

**U.S. stock indices mixed, large tech stocks broadly decline**

Overnight, the U.S. stock market closed with the Dow Jones Industrial Average up 86.1 points from the previous trading day, closing at 50,872.11 points, an increase of 0.17%; the S&P 500 index fell 19.08 points, closing at 7,386.65 points, a decrease of 0.26%; the NASDAQ Composite Index fell 250.84 points, closing at 25,678.82 points, a decrease of 0.97%.

Large tech stocks broadly declined, with Apple down over 3%, Tesla down 3%, Microsoft down over 2%, and chip stocks collectively falling, with ARM down over 6%, Qualcomm down over 5%, and optical communication concept stocks declining, with MaxLinear down over 7%.

Most popular Chinese concept stocks fell, with the NASDAQ Golden Dragon China Index down 0.39%. The Hang Seng Index ADR rose, closing at 24,569.63 points, up 3.73 points or 0.02% compared to the Hong Kong close.

WTI crude oil futures for the current month on the New York Mercantile Exchange fell by $2.60, closing at $88.70 per barrel, a decrease of 2.85%. COMEX gold futures for the current month fell by $78.60, a decrease of 1.80%, reporting $4,284.80 per ounce.

**【Hot Topics Ahead】**

**Hong Kong announces action plan for corporate treasury center development**

The Hong Kong SAR government announced the "Action Plan for the Development of Hong Kong as a Corporate Treasury Center" on the 9th, proposing targeted strategies to strengthen Hong Kong's position as a major hub for multinational corporate treasury centers, aiming to establish Hong Kong as a primary base for corporate treasury centers and further enhance Hong Kong's platform functions for "bringing in and going out." The action plan was jointly prepared by the SAR government's Financial Services and the Treasury Bureau, the Inland Revenue Department, the Hong Kong Monetary Authority, and the Invest Hong Kong The plan focuses on two main objectives: first, to attract more multinational companies to establish corporate treasury centers in Hong Kong; second, to assist existing corporate treasury centers operating in Hong Kong to expand their scale and fully utilize Hong Kong's complete financial ecosystem. The action plan clearly states that it encourages multinational companies from around the world to concentrate on managing funds, allocating assets, and controlling risks in Hong Kong.

**Overseas inventory only lasts until the end of June, domestic tungsten hexafluoride welcomes a "golden window"**

Due to the tightening of overseas supply chains and the explosive demand from downstream, the supply-demand gap continues to widen, leading to a significant surge in tungsten hexafluoride prices. According to monitoring by the China Chemical and Physical Power Industry Association, as of now, the price of tungsten hexafluoride with a purity of 99.999% in China is 1670-1810 yuan/kg, an increase of 232.7% compared to the same period last year. Core suppliers such as SK Specialty and Foosung have officially notified chip giants like Samsung Electronics and SK Hynix that they will significantly raise the price of tungsten hexafluoride by 70% to 90% in 2026. Additionally, Kanto Denka and Central Glass in Japan have informed Korean semiconductor customers like Samsung that their inventory can only last until the end of May to the end of June, and that supply in the second half of the year cannot be guaranteed, suggesting they seek other suppliers. The tungsten mining concept involves Hong Kong stock Jiaxin International Resources (03858).

**Tencent Holdings (00700): Pricing of $2.45 billion and RMB 15 billion notes under the global medium-term note program**

According to a report from Zhitong Finance APP, Tencent Holdings (00700) announced that on June 9, 2026 (New York time), the company has entered into subscription agreements with the dollar note underwriters for the issuance of a total principal amount of $2.45 billion in dollar notes; and with the RMB note underwriters for the issuance of a total principal amount of RMB 15 billion in RMB notes.

**Samsung to build advanced chip packaging plant to meet explosive demand for AI computing power**

According to reports from South Korean media, Samsung is considering building a chip packaging plant in South Korea. The facility may be located in Gwangju, South Korea, and it is noteworthy that SK Hynix is also considering investing in the region. According to insiders, the South Korean tech giant is conducting a final review of the plan, which may be announced as early as next month. Chip packaging equipment involves Hong Kong stock ASMPT (00522).

**Swire Properties (00019/00087) plans to issue HKD 4.7 billion Cathay Pacific exchangeable bonds**

Based on the preliminary exchange price of HKD 13.18 per share of Cathay Pacific and assuming the bonds are fully exchanged at the exchange price, the bonds will be exchanged for approximately 356.6 million shares of Cathay Pacific, equivalent to about 5.9% of the total number of Cathay Pacific shares issued as of the date of this announcement and after the bonds are fully exchanged.

**Tianli International Holdings (01773) plans to acquire a total of 10% equity in Tianlai Technology Group and increase capital by 140.8 million yuan**

Tianli International Holdings (01773) announced that on June 9, 2026, the company's subsidiary Shenzhou Tianli Education Technology Group Co., Ltd. (the buyer) entered into an equity transfer agreement with the target company Tianlai Technology Group, Chongqing Yuwuxing Logistics Industry Private Equity Investment Fund Partnership (Limited Partnership) (Transferor 1), and Zhang Meng (Transferor 2), where the buyer agrees to purchase and the transferors agree to sell a total of 10% equity in Tianlai Technology Group Co., Ltd. (the target company) The total consideration is RMB 104 million. The target group was founded in 1998 and has now grown into a comprehensive art education group covering all types, subjects, and age groups in art education.

**JingTai Holdings (02228) reaches over $400 million AI drug discovery strategic cooperation with internationally renowned pharmaceutical company to tackle GPCR target oral new drugs**

JingTai Holdings (02228) announced that the company's board of directors is pleased to announce a strategic cooperation with an internationally renowned biopharmaceutical company. The two parties will jointly develop innovative oral small molecule drugs with "Best in-Class" potential targeting a GPCR (G protein-coupled receptor) target. This agreement is based on a rigorous and successful pilot phase, during which JingTai integrated quantum physics and AI algorithms to achieve a breakthrough hit rate, confirming the platform's ability to handle such complex metabolic targets.

**Youjia Innovation (02431) signs procurement contract for autonomous vehicles involving over RMB 130 million**

Youjia Innovation (02431) announced that the group recently signed a procurement contract for autonomous vehicles with an independent third party focused on smart vehicles and their components, as well as intelligent transportation. This successful cooperation marks significant progress in the commercialization and market expansion of the group's unmanned bus-related business.

**JP Morgan reduces its stake in Alibaba (09988) by approximately 16.6358 million shares at an average price of about HKD 127.15 per share**

According to the latest data from the Hong Kong Stock Exchange, on June 3, JP Morgan reduced its stake in Alibaba (09988) by 16,635,835 shares at an average price of HKD 127.1498 per share, totaling approximately HKD 2.115 billion. After the reduction, the latest number of shares held is approximately 1.336 billion, with a latest holding ratio of 6.95%.

**BYD Company (01211): The U.S. Department of Defense has listed the company as a Chinese military enterprise, which will not affect the group's normal business operations**

According to Zhitong Finance APP, BYD Company (01211) announced that the company noted that the U.S. Department of Defense issued a notice on June 8, 2026 (U.S. time) regarding the designation of Chinese military enterprises. According to this notice, the U.S. Department of Defense has listed the company as a Chinese military enterprise. Since the group is neither a Chinese military enterprise nor a military-civilian integration enterprise of the Chinese defense industry, the company believes that there is no legitimate reason to include it on this list.

**QiuTai Technology (01478) sold 45.138 million mobile phone camera modules in May, a year-on-year increase of 39.4%**

QiuTai Technology (01478) announced that in May 2026, the sales volume of mobile phone camera modules was 45.138 million units, a month-on-month increase of 7.7% and a year-on-year increase of 39.4%; the total sales volume of camera modules and LiDAR was 47.484 million units, a month-on-month increase of 8% and a year-on-year increase of 40%. The total sales volume of biometric modules was 13.805 million units, a month-on-month decrease of 16.6% and a year-on-year decrease of 9.4%.

**YueGangWan Smart Computing (01396) issues 376 million shares due to the conversion of zero-interest mandatory convertible bonds** According to the announcement from Guangdong-Hong Kong-Macau Intelligent Computing (01396), due to the conversion of the zero-coupon mandatory convertible bonds issued on June 10, 2025, 376 million new shares will be issued and allocated on June 9, 2026.

**SF Holding (06936) Completes Subscription of Jitu Class B Shares and Issues H Shares to Jitu Under General Authorization**

SF Holding (06936) announced that the subscription agreement and the subscription conditions for both SF and Jitu as stated in the announcement have been fulfilled (including obtaining listing approval from the Hong Kong Stock Exchange Listing Committee for the shares subscribed by SF and Jitu), and the subscriptions were completed on June 9, 2026. A total of 226 million new SF H shares (accounting for approximately 48.48% of the total issued SF H shares after the allocation and issuance of the subscribed shares and approximately 4.29% of the total issued SF shares) were successfully allocated and issued to Jitu at the SF subscription price on June 9, 2026.

**【Stock Highlights】**

**International Precision (00929): China Baowu States Company Produces Precision Components for Hard Drives**

Public information shows that International Precision is a member enterprise controlled by the A-share listed company China Baowu (000009.SZ). An investor asked China Baowu on the interactive platform: Does the company-controlled International Precision supply core precision components for hard drives to Seagate and Western Digital (WDC)? Are the related products used in AI data centers and large-capacity storage servers? China Baowu responded that International Precision produces precision components for hard drives.

It is worth noting that International Precision has successfully completed the research and development of the liquid-cooled UQD universal quick connector series samples and has officially started small batch delivery work. This series of liquid-cooled UQD universal quick connectors strictly follows the OCP open standard and has core advantages such as leak-proof, quick plug-and-play, and standardized compatibility, making it suitable for thermal management scenarios in various fields such as data centers and new energy

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