WS #11704
China June CPI +1.0% YoY, PPI +4.1% YoY; vehicle sales -3.2% YoY; semiconductor index +7%, STAR 50 +6%, signaling a tech-led rally despite weak auto data. Micron raised guidance on surging memory prices, a positive signal for the semiconductor sector, corroborated by social media chatter. Apple and Broadcom finalize $30B multiyear chip deal for U.S.-made components, with Broadcom investing $1.5B in Fort Collins; widely covered in international media.
China Economic Data and Tech Rally
China June CPI +1.0% YoY, PPI +4.1% YoY; vehicle sales -3.2% YoY; semiconductor index +7%, STAR 50 +6%, signaling a tech-led rally despite weak auto data.
Micron raised guidance on surging memory prices, a positive signal for the semiconductor sector, corroborated by social media chatter.
Apple and Broadcom finalize $30B multiyear chip deal for U.S.-made components, with Broadcom investing $1.5B in Fort Collins; widely covered in international media.