【Monthly Market Strategy with Julius Bär】With Korean semiconductor stocks down nearly 50% from their June peak, has the AI correction finally run its course? Where could the next leg of the AI rally come from, and how are China’s cheaper AI models — including DeepSeek’s rumoured new release — reshaping the competitive landscape? 韩国半导体股自6月高位以来已回落近50%，AI板块回调是否已接近尾声？下一轮行情将由哪些领域推动？与此同时，低成本AI模型在中国持续发展，又将为全球AI的竞争格局带来什么变化？ 除AI主题外，市场亦聚焦价值股回归、中国经济增长预期、香港交易所推出五年期中国国债期货，以及黄金和白银强劲反弹等重要议题。 本期《市场透视》播客于2026年8月11日录制 ***2026.08.11录制。英文版并非中文版的英文翻译，有更多的细节讨论*** 节目播客链接：

Just fired up! 🔥 The 2026 IAC International Ceramics Congress has officially kicked off in Jingdezhen, the "Porcelain Capital" of China. 🌍 Bringing together 400+ artists and scholars from across the globe, this 5-day gathering celebrates clay, creativity, and cultural connections. IAC President Oriol Calvo praised China’s enduring ceramic legacy—and the world is listening. Stay tuned for more highlights from one of the art world’s most anticipated events! 6月28日，被誉为全球陶艺界“奥林匹克”的2026IAC国际陶艺学会大会在“千年瓷都”中国江西景德镇隆重开幕。本次大会以“传承与创新”为主题，汇聚了来自全球的400余位陶艺家与学者。 #China# #Jiangxi# #赣出新精彩# #赣鄱风韵# #世界遗产景德镇# #IAC2026# #Ceramics# #Jingdezhen# #ArtDiplomacy# #GlobalArt# #ClayCommunity#

#世界点赞景德镇# On the morning of October 18, the 2026 China Jingdezhen International Ceramic Expo grandly opened. This is the first ceramic expo held after "Jingdezhen Handicraft Porcelain Industry Heritage" was successfully inscribed on the UNESCO World Heritage List. With the theme of "Creativity and Innovation, Empowering Industry," the expo focuses on internationalization, market orientation, and keeping pace with the times. At the opening ceremony, Chen Kelong, Secretary of the Jingdezhen Municipal Party Committee, sincerely invited friends from all over the world to come to Jingdezhen to experience the unique charm of the newly designated World Heritage city and to feel the cultural richness of China. Representatives of international sister cities, including Ahmet Kaya, Deputy Mayor of Iznik, Turkey, and Batyr Tursunov, Deputy Secretary-General of the Shanghai Cooperation Organization, also took the stage to deliver speeches and extend their best wishes for this year's ceramic expo. This year's ceramic expo will hold a series of major events, including the Jingdezhen Forum, a key industry investment promotion symposium, and a transnational ceramic procurement matchmaking conference. It has also planned a series of cultural and creative activities, such as the "SCO Window" themed exhibition. The event has attracted more than 2,500 guests from over 90 countries and regions around the world. More than 450 domestic and foreign enterprises, over 40 international brands, nearly 100 overseas buyers, and more than 150 domestic suppliers have gathered in Jingdezhen to experience firsthand the contemporary vitality of this millennium-old porcelain capital that continues to renew itself. 10月18日上午，2026中国景德镇国际陶瓷博览会盛大开幕，这是“景德镇手工瓷业遗存”成功列入《世界遗产名录》后举办的首届瓷博会，以“创意创新、赋能产业”为主题，聚焦国际化、市场化、时代化发展方向。 开幕式上，景德镇市委书记陈克龙诚挚邀请全世界的朋友来景德镇体验新晋世界遗产城市的独特魅力，感受人文中国。国际友好城市代表、土耳其伊兹尼克市副市长艾哈迈德·卡亚、上合组织副秘书长巴特尔·图尔苏诺夫等嘉宾也登台致辞，对本届瓷博会给予美好祝愿。 本届瓷博会将举办景德镇论坛、重点产业招商恳谈会、跨国陶瓷采购对接会等一系列重磅活动，还策划推出“上合之窗”主题展等一系列文化创意活动，吸引了全球90多个国家和地区2500多位海内外嘉宾。450余家国内外企业、40多个国际品牌、近百家境外采购商和150余家国内供应商齐聚景德镇，实地感受千年瓷都依然焕新的时代活力。 #Jingdezhen# #China# #Jiangxi# #赣出新精彩#

📢 Live Preview: BillionLive × @NIUMA_Xlayer NIUMA Anniversary Live 🎉 Topic: NIUMA Anniversary Live 🕗 Time: July 14, 20:00 (UTC+8) Join us in celebrating NIUMA’s 1st Anniversary! We’ll look back on the community’s journey, celebrate this milestone together, and enjoy exclusive anniversary rewards. ——— Rewards ——— Event 1: X Giveaway ✅ Follow @Billion_Global & @NIUMA_Xlayer ✅ Like & repost this post ✅ Leave a birthday message for NIUMA in the comments. We’ll randomly select 10 winners to share 100,000 $NIUMA Event 2: Anniversary Live Rewards Join the BillionLive livestream and take part in the live interactions for a chance to win: 🎁 100 USDT 🎁 100,000 NIUMA 🎁 3,000 Billion Points 🎁 Jackpot Tickets See you live tonight! 📢 直播预告：BillionLive × @NIUMA_Xlayer NIUMA 周年直播 🎉 主题：NIUMA Anniversary Live 🕗 时间：7 月 14 日 20:00 (UTC+8) NIUMA 迎来社区一周年！ 这一年，感谢每一位社区成员的陪伴，也感谢 NIUMA 与 BillionLive 一路同行，共同为 XLayer 生态注入更多活力。 本场周年直播，我们将一起回顾这一年的成长，聊聊社区故事，也准备了丰富的周年福利送给大家。 ——— 福利时间 ——— 活动一：评论抽奖，平分 100,000 NIUMA ✅ 关注 @Billion_Global 和 @NIUMA_Xlayer ✅ 点赞并转发本条推文 ✅ 评论区留下一句你想对 NIUMA 说的话 我们将随机抽取 10 位幸运用户，平分 100,000 $NIUMA 活动二：直播间福利 锁定 BillionLive 周年直播，参与互动即有机会获得： 🎁 100 USDT 🎁 100,000 NIUMA 🎁 3,000 Billion Points 🎁 Jackpot 抽奖券 今晚8点，直播间见！

📢 Live Preview: XDOG @xdog_meme Debut — Community Rally! Topic: XDOG Community Grand Debut Time: May 27, 8:00 PM (UTC+8) XDOG is officially landing on BillionLive! As one of X Layer’s most vibrant communities, XDOG is launching its official channel to provide consistent content and livestreams. BillionLive is committed to becoming the largest hub for content and creators on X Layer. Calling all ecosystem projects and communities to build with us. 🎁 Debut Rewards 1️⃣X Giveaway: ✅ Follow @Billion_Global & @xdog_meme ✅ Like, RT & Comment 💰 10 winners share 100 USDT cash! 2️⃣In-Stream Lucky Bag: 💰 Tune in to share 100 USDT & 55,000 $XDOG (worth $300) in Lucky Bags! 📢 BillionLive 直播预告：XDOG 社区 @xdog_meme 进驻首秀，社区集结令！ 主题： XDOG 社区进驻首秀 时间： 5月27日 8:00 PM (UTC+8) XDOG 社区正式进驻 BillionLive！作为 XLayer 生态最活跃的社区之一，XDOG 社区将在 Billionlive 开设官方频道，持续为社区提供内容与直播。 Billionlive 致力于成为 XLayer 上最大的内容与 Creator 聚集地，欢迎更多生态项目与社区一起共建。 🎁首播福利 活动1️⃣：推文互动抽奖: ✅ 关注 @Billion_Global & @xdog_meme ✅ 一键三连本推文 💰 抽 10 人平分 100 USDT 现金 活动2️⃣：直播间福袋狂欢: 💰 锁定直播间，瓜分 100 USDT & 55,000 $XDOG（价值 300 U） 豪华福袋！