According to the China Automobile Value Retention Rate Research Report for May 2025 jointly released by the China Automobile Dealers Association (CADA) and Jingzhengu, zero down payment and zero-interest car purchase benefits have become important promotional tools for manufacturers and their financial companies in the market environment with high financial penetration.

The recent liquidity injection by the People's Bank of China has provided low-cost funding for auto finance companies, which is expected to further boost car consumption and implement the policy goal of "financial support for the real economy", the report added. The reserve requirement ratio dropping to zero will help auto finance companies not only gain an advantage over banks but also place higher demands on their own risk control capabilities.

When looking at prices, the report also noted that the new car price war from May to June is still ongoing, and price cuts may suppress activity in the used car market. However, as the overall market price rebound is beneficial in countering industry "involution", the used car market is unlikely to suffer from loss-making dumping.
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Amazon.com (AMZN.US) is accelerating its deployment in humanoid, with team members saying that they have been using open-source large language models such as DeepSeek and BABA-W (09988.HK)(BABA.US)'s Qwen to help robots better understand their surroundings and plan their own actions, according to Chinese media.

It is understood that Amazon.com has formed a new Agentic AI team within its hardware R&D division, Lab126, to focus on advancing the development of “physical AI” in the hope of creating robots that can perform tasks based on natural language instruction.
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US President Donald Trump and Tesla (TSLA.US) CEO Elon Musk have been engaged in a war of words, but when asked about it during a recent interview with Politico, Trump responded that it's okay, and that it's going very well, never done better.

White House aides are now working hard to persuade Trump not to escalate the situation, and they have arranged for Trump and Musk to have a phone call on Friday (6th) to help ease tensions, according to reports.
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Web Site: www.aastocks.com

According to preliminary statistics released by the China Passenger Car Association, China's passenger vehicle (PV) market retailed 1.93 million vehicles in May, up 13% YoY or 10% MoM. In 1-5M25, the cumulative retail sales in the PV market grew by 9% YoY to 8.802 million vehicles.

In terms of new energy vehicles (NEVs), a total of 1.056 million vehicles were retailed in May, up 30% YoY or 14% MoM, with a retail penetration rate of 53.5%. In 1-5M25, the cumulative retail sales in the NEV market reached 4.38 million units, up 34% YoY.
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While the market weighed the implications of the US and Chinese leaders' phone call and anticipated further trade negotiations, tensions between US President Donald Trump and Tesla (TSLA.US) founder Elon Musk led to a plunge in Tesla's stock, weakening US stocks on Thursday.

The DJIA concluded down 108 points or 0.3%, at 42,319; the Nasdaq sagged 162 points or 0.8%, to 19,298; and the S&P 500 closed down 31 points or 0.5%, at 5,939.

Trump and Musk, once allies, turned against each other, engaging in a public spat on social media. Trump even threatened to terminate government contracts with Musk. Tesla's stock plummeted by as much as 18% to bottom at US$273.21, eventually ending down 14.3% at US$284.68.

Techs were in a mixed bag, with Nvidia (NVDA.US) and Apple (AAPL.US) both down over 1%; Meta (META.US) down 0.5%; Amazon (AMZN.US) up 0.3%; and Microsoft (MSFT.US) up 0.8%.
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AASTOCKS Financial News
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The latest remarks from U.S. President Donald Trump and Tesla (TSLA.US) founder Elon Musk were filled with tension.

Musk bluntly stated on Thursday that Trump would lose the presidential election without his support, even calling Trump ungrateful. Trump had earlier expressed disappointment with Musk's opposition to his tax policy bill.

The relationship between the two allies showed signs of alienation, leading to a nearly 9% or US$28 slump in Tesla's stock price to US$303 Friday.
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AASTOCKS Financial News
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The three major US stock indices traded mixed on Wednesday, as the US May ADP private sector employment fell to its lowest point in two years, prompting US President Donald Trump to immediately call for a Federal Reserve rate cut, and the market was watchful of the non-farm payroll data to be released on Friday.

The DJIA ended a four-day rise, closing down 91 points or 0.2% at 42,427. The S&P 500 closed flat, rising less than 1 point to 5,970. The Nasdaq closed up 61 points or 0.3% at 19,460.

Meta (META.US) led the "Magnificent Seven", rallying over 3%. Nvidia (NVDA.US), which toppled Microsoft (MSFT.US) on Tuesday to become the world's most valuable publicly traded company, inched up only 0.5%.

Alphabet (GOOG.US) rebounded 1%. Tesla (TSLA.US) saw its China-made car sales drop 15% YoY in May, marking an eight-month decline, with the stock slipping over 3%.
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Global technology market research firm Counterpoint Research lowered its 2025 global smartphone shipment forecast to 1.9% from its earlier prediction of 4.2%, reflecting uncertainties related to US tariffs.

Meanwhile, Counterpoint reduced China's shipment annual growth rate to nearly flat, while shipments from Apple (AAPL.US) and Samsung are also expected to decline as higher costs are passed on to consumers.
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AASTOCKS Financial News
Website: www.aastocks.com

CGN MINING (01164.HK) recently signed a new pricing framework agreement for 2026 to 2028 with its parent company, according to BOCI's research report.

The new pricing formula is set at 30% of base price and 70% of spot price. The broker believed that the new pricing formula reflects the Company's optimistic price forecast and sound corporate governance.

Therefore, BOCI reiterated rating at Buy on CGN MINING, with a target price of $2.4, and remained optimistic about the Group's prospects in the natural uranium bull market. Considering the future supply-demand gap, the broker believed that the bull market is far from ending.
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Tesla (TSLA.US)'s sales in the UK plummeted over 45% YoY to 1,758 units in May, partly due to CEO Elon Musk's far-right political stance in Europe, according to preliminary data from research firm New AutoMotive.

Last month, the number of new car registrations in the UK grew by 4.3% to 144,000 units, with EV sales increasing by 28% YoY. Of which, BYD COMPANY (01211.HK) saw a significant sales incline to 1,388 units.
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