--- title: "MiniMax M2.7 open-sourced globally; AAPL's first foldable slated for Fall 2026 | Daily News Recap" type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/39864740.md" description: "0413 | Dolphin Focus — 🐬 Macro/Industry. 1) Trump announced that, after US-Iran talks in Pakistan collapsed, the US military will at 10:00 ET on Apr 13 (10pm Beijing time tonight) impose a full blockade of Iranian ports and the Strait of Hormuz.It will intercept all vessels to and from Iran and cut off its oil exports. Iran's military issued a hardline response, stating any US approach will be treated as a provocation and met with firm retaliation.This would sharply elevate geopolitical risk and disrupt shipping, chemicals and related supply chains. It would also reinforce expectations that the Fed keeps rates higher for longer, putting near-term pressure on HK stocks and growth names." datetime: "2026-04-13T08:46:31.000Z" locales: - [en](https://longbridge.com/en/topics/39864740.md) - [zh-CN](https://longbridge.com/zh-CN/topics/39864740.md) - [zh-HK](https://longbridge.com/zh-HK/topics/39864740.md) author: "[Dolphin Research](https://longbridge.com/en/news/dolphin.md)" --- # MiniMax M2.7 open-sourced globally; AAPL's first foldable slated for Fall 2026 | Daily News Recap ## 0413 ｜**Dolphin Focus** ## **🐬 Macro / Industry** **1、**Trump announced that after U.S.-Iran talks in Pakistan broke down, the U.S. military will at 10:00 on Apr 13 ET (22:00 Beijing time) impose a full blockade of Iranian ports and the Strait of Hormuz, intercepting all vessels to/from Iran and cutting off its oil exports. Iran’s military responded that it would treat any U.S. approach as a provocation and strike back. This would sharply raise geopolitical risk, disrupt shipping and chemicals supply chains, and reinforce expectations that the Fed keeps rates higher for longer, creating a near-term overhang for HK stocks and growth names. ## **🐬 Stocks** **1、**$BABA-W(09988.HK) Alibaba Cloud announced changes to DataWorks Standard/Pro API policies effective Apr 14–23. The daily call cap is removed; free monthly quotas are set at 100k for Standard and 500k for Pro, with overage charged pay-as-you-go; Basic and Enterprise are unchanged. Removing the daily cap benefits peak-load users, but the smaller free quotas lift costs for high-frequency users. This signals a shift from subsidized expansion to profitability in cloud, in step with recent AI compute price hikes, and may cause near-term budgeting noise. **2、**$HORIZONROBOT-W(09660.HK) Founder Yu Kai said at an intelligent EV forum that on Apr 22 the company will launch China’s first cockpit-driving converged chip ‘Xingkong’. It integrates smart cockpit and ADAS compute on a single SoC, cutting OEM per-vehicle BOM by RMB 1,500–4,000. A breakthrough in in-vehicle compute architecture, it uses a ‘single-chip dual-domain’ design to reshape the supply chain. The cost-down matches OEM margin pressure and strengthens Horizon’s lead in autonomous-driving chips, but mass production and ecosystem adaptation are key amid competition from Huawei and Nvidia. **3、**$MIXUE GROUP(02097.HK) Mixue Ice Cream & Tea opened its first Brazilian store in São Paulo, also its first in South America. It offers ~20 SKUs, with ice cream at ~RMB 4 and lemonade at ~RMB 7.8, including a customized açaí item, and now operates across 15 countries overseas. Global expansion is accelerating as it enters LatAm’s largest economy. The ‘affordable + local’ formula aligns with local demand and drew long lines at opening. Localization of the supply chain and operational efficiency will define the pace and breadth of expansion, with a successful model likely replicable across more LatAm markets to cement leadership in made-to-order beverages. **4、**$MINIMAX-W(00100.HK) MiniMax open-sourced the weights of its M2.7 model, positioned for ‘self-evolution’ by participating in its own training and optimization. Built on a sparse MoE architecture, it shows strong coding, reasoning and office capabilities. The advance reshapes AI R&D paradigms and lowers development barriers, strengthening China’s open-source competitiveness and accelerating AI application rollouts. **5、**$Apple(AAPL.US) Supply-chain sources indicate Apple’s first foldable, tentatively named iPhone Ultra, is slated to debut at the fall 2026 launch event alongside the iPhone 18 Pro as the headline product. Apple has reportedly raised the initial build target materially, aiming for about 11 mn units. ## **🐬 Top Gainers by Sector** **A-shares:** Utilities (various), real estate services, aerospace & defense. **HK:** IT consulting, investment services & holding companies, electronic components. **US:** Diversified chemicals, electronic components, marine ports – operators. ## **🐬 Watch for Tomorrow** **1、**China Mar trade balance (RMB bn); China Mar trade balance in USD (USD bn). 2、US Mar PPI MoM; US Mar PPI YoY. This article’s risk disclosure and disclaimer: [Dolphin Research Disclaimer and General Disclosure](https://support.longbridge.global/topics/misc/dolphin-disclaimer) ### Related Stocks - [09660.HK](https://longbridge.com/en/quote/09660.HK.md) - [00100.HK](https://longbridge.com/en/quote/00100.HK.md) - [09988.HK](https://longbridge.com/en/quote/09988.HK.md) - [BABA.US](https://longbridge.com/en/quote/BABA.US.md) - [89988.HK](https://longbridge.com/en/quote/89988.HK.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [AAPL.US](https://longbridge.com/en/quote/AAPL.US.md) - [HUAWEI.NA](https://longbridge.com/en/quote/HUAWEI.NA.md) - [02097.HK](https://longbridge.com/en/quote/02097.HK.md) - [KBAB.US](https://longbridge.com/en/quote/KBAB.US.md) - [BABO.US](https://longbridge.com/en/quote/BABO.US.md) - [BABX.US](https://longbridge.com/en/quote/BABX.US.md) - [NVDL.US](https://longbridge.com/en/quote/NVDL.US.md) - [07788.HK](https://longbridge.com/en/quote/07788.HK.md) - [07388.HK](https://longbridge.com/en/quote/07388.HK.md) - [NVDY.US](https://longbridge.com/en/quote/NVDY.US.md) - [NVDD.US](https://longbridge.com/en/quote/NVDD.US.md) - [NVDX.US](https://longbridge.com/en/quote/NVDX.US.md) - [NVDQ.US](https://longbridge.com/en/quote/NVDQ.US.md) - [AAPB.US](https://longbridge.com/en/quote/AAPB.US.md) - [HHZD.SG](https://longbridge.com/en/quote/HHZD.SG.md) - [HBBD.SG](https://longbridge.com/en/quote/HBBD.SG.md)