ASMPT (00522.HK) opened flat today and once hit an intraday high of HKD182.4. It last traded at HKD179.2, up 4.19%, with 2.2899 million shares traded, involving HKD406 million.

The US reportedly approved the export of Nvidia (NVDA.US) H200 chips to 10 Chinese companies, with a cap of 75,000 units per company, Citi said in its report. The total import volume of 750,000 units is in line with industry expectations.

Although the approval of H200 may have a short-term negative impact on domestic AI accelerator vendors, foundries and wafer fabrication equipment suppliers, the 750,000 units are way less than China's AI chip demand, the broker said. China is still expected to meet demand through domestic accelerators, and the localization process of AI will not be hampered.

Citi added that the H200 approval is slightly positive for server suppliers and MONTAGE TECH (06809.HK), as it is expected to drive demand for memory interfaces and PCIe Retimers. The broker also noted that capex by Chinese cloud service providers (CSPs) remains strong. BABA-W (09988.HK), TENCENT (00700.HK) and ByteDance raised their capex, which is expected to further boost demand across the domestic supply chain.

Citi's top picks are ASMPT (00522.HK) (TP raised to HKD180) and SG (300661.SZ), citing improving industry prospects and better risk/ reward.
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Warren Buffett's investment flagship Berkshire Hathaway Inc. (BRK.A.US) disclosed its latest holdings, revealing that it spent USD2.65 billion in 1Q to acquire Delta Air Lines, Inc. (DAL.US) and also initiated a position in Macy's Inc (M.US), holding 3 million shares.

Meanwhile, Berkshire Hathaway Inc. fully exited its positions in Amazon.com, Inc. (AMZN.US), UnitedHealth Group Incorporated (UNH.US), Visa Inc. (V.US) and Mastercard Incorporated (MA.US).

According to regulatory filings, Berkshire Hathaway Inc. bought USD15.94 billion worth of equities and sold USD24.09 billion worth of equities in 1Q. During the period, it substantially increased its stake in Alphabet Inc. (GOOGL.US), with total holdings reaching USD16.6 billion in value.

Berkshire Hathaway Inc.'s larger holdings include Apple Inc. (AAPL.US), American Express Company (AXP.US), Coca-Cola Company (KO.US), Bank of America Corporation (BAC.US) and Chevron Corporation (CVX.US).
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SK hynix released its quarterly report today (15th), reporting total revenue of KRW52.5763 trillion for 1Q26, Chosun Ilbo reported. Among which, revenue contributed by NVIDIA (NVDA.US) accounted for 14.8% of the total, reaching KRW7.7806 trillion (approximately USD5.188 billion), up 62.6% YoY, securing its position as the largest single customer.

Following NVIDIA, SK hynix added another new major customer. This new client contributed 12.4% of the company's total revenue in 1Q26 (approximately KRW6.5365 trillion). Although industry sources speculated that the customer could be Microsoft (MSFT.US) or other global tech giants such as Google, the disclosed filing did not reveal the specific name.
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JD-SW (09618.HK) announced its latest promotional offers. Starting today (15th), consumers who visit the JD self-operated flagship store for Apple products to purchase an iPhone 17 Pro can receive an RMB1,000 Apple surprise coupon, which can be combined with a trade-in subsidy of up to RMB1,000, bringing the maximum total discount to RMB2,000 and a final price as low as RMB6,999.

In addition, orders for the full range of Apple products including Mac, Apple Watch, AirPods and iPad on JD also enjoy exclusive discounts. The iPhone Air offers discounts of up to RMB3,100, selected Apple Watch models receive an immediate RMB200 reduction, and selected iPad Air models receive an immediate RMB300 reduction. JD also offers immediate stock availability, with new models delivered as fast as within hours.

JD-SW last quoted at HKD128, down 1.61%, with turnover of 4.6656 million shares, involving HKD601 million.
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According to incomplete statistics, more than 10 new energy vehicle (NEV) makers have recently adjusted prices, reduced discounts or planned to raise prices in 2Q26, Chinese media reported.

Among them, BYD COMPANY (01211.HK) raised the prices of smart driving optional packages for certain models by more than RMB2,000. XIAOMI-W (01810.HK) lifted prices of its new-generation SU7 series by RMB4,000. Tesla, Inc. (TSLA.US) raised prices of the Model Y Long Range and Performance versions by RMB18,000 and RMB20,000, respectively.

In addition, NIO-SW (09866.HK) and XPENG-W (09868.HK) have planned to increase vehicle prices in 2Q26. Meanwhile, brands such as Tesla, Zeekr and Avatr have tightened their interest-free auto financing policies, leading to higher implicit car purchase costs.

A sales representative at a NIO-SW store in Beijing said prices of the main models currently remain unchanged, but the RMB10,000 terminal discount may be cancelled later, which would increase car purchase costs.

A sales representative at a BYD COMPANY store noted that the recent price hikes only apply to certain special optional versions, while prices of base models remain stable.
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Chinese President Xi Jinping held talks today (14th) at the Great Hall of the People in Beijing with US President Donald Trump, who is on a state visit to China. Representatives from the US business community were also present.

The White House press pool saw Tesla (TSLA.US) CEO Elon Musk, NVIDIA (NVDA.US) CEO Jensen Huang and Apple (AAPL.US) CEO Tim Cook outside the Great Hall of the People, foreign media reported.

Among them, Musk described the talks as very smooth and said that many good things are happening. Cook also gave a thumbs-up to the cameras. Huang likewise revealed that the meeting proceeded smoothly and said that the leaders of both countries were terrific.
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Chinese President Xi Jinping met with US President Donald Trump, who is on a state visit to China, at the Great Hall of the People in Beijing this morning (14th).

During the China-US presidential meeting, more than a dozen US business representatives, including Tesla (TSLA.US) CEO Elon Musk, Apple (AAPL.US) CEO Tim Cook, NVIDIA (NVDA.US) CEO Jensen Huang and Boeing (BA.US) CEO Kelly Ortberg, entered the meeting venue under staff guidance, Chinese news broke.
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SK Hynix (000660.KS) CEO Kwak Noh-Jung will meet with Microsoft Corporation (MSFT.US) Co-founder Bill Gates and CEO Satya Nadella in the US, Korean media reported, citing sources.

The event is expected to further deepen the strategic partnership between Microsoft and SK Hynix, particularly in HBM supply.

Microsoft is a major customer of SK Hynix's DRAM and NAND flash products.
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NVIDIA Corporation (NVDA.US) CEO Jensen Huang boarded Air Force One in Alaska, joining more than a dozen US corporate CEOs to participate in US President Donald Trump's visit to China this week, foreign media reported, citing people with the knowledge of the matter.

Huang did not appear on a preliminary list of senior attendees previously provided by the White House. A US official said last month that NVIDIA's high-performance H200 chips have not yet been sold to China owing to difficulties in obtaining approval from the Chinese government. The White House has not responded to the matter.
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Taiwan bourse last quoted at 41,917 this morning (11th), up 313 points or about 0.75%. Global chip foundry leader TSMC (2330.TT) bucked the trend, sagging 1.5% to TWD2,255.

Apple Inc. (AAPL.US) and Intel Corporation (INTC.US) reached a preliminary agreement under which Intel will manufacture certain chips used to power Apple devices, the Wall Street Journal cited informed sources over the weekend as saying.

The two companies reportedly engaged in intensive negotiations for more than a year and finalized a formal agreement in recent months.

Major Asia-Pacific chip stocks thrived broadly this morning. SMIC (00981.HK) and HUA HONG SEMI (01347.HK) each spiked about 5%. In South Korea, Samsung Electronics (005930.KS) and SK Hynix (000660.KS) surged 5.7% and 11.2%, respectively, both notching record highs. In Japan, Kioxia (285A.JP) rallied 7.6% to a new high. MediaTek (2454.TW) in Taiwan also jumped up 8.8% to a record high.
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