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Before the market opened on Friday, ASX futures rose by about 0.6%, indicating that the S&P/ASX 200 Index may avoid a second consecutive weekly decline. After closing flat on Thursday, the benchmark index has fallen nearly 0.5% so far this week. Prior to the opening, Suncorp announced that it had completed its FY2027 reinsurance program and now expects to reduce its excess capital holdings. Previous data showed that the country's economy added fewer jobs in June than economists expected. U.S. stock markets were mixed: the Dow Jones Index rose 1.1%, the S&P 500 closed flat, and the Nasdaq Composite Index fell 0.8%.

The agreement covers the large-scale development and supply of 6-inch Indium Phosphide (InP) wafer substrates by AXT's factory located in Beijing. According to the terms of the agreement, Coherent Corp will pay AXT a prepayment of 22.3 million US dollars in exchange for the agreed production capacity during the period from 2026 to 2028. AXT agrees to expand its manufacturing capacity and deliver the agreed quantity of products at the agreed unit price per wafer.

Among them, the volatility of silver prices has reached a historic high, impacting the operations of many industrial silver users. Photovoltaic silver paste is a core auxiliary material for solar cell manufacturing, with silver accounting for more than 90% of the costs in this segment. As silver prices fluctuate sharply and a large amount of physical silver flows from the industrial sector to the investment sector, ensuring stable supply and prices of silver raw materials has become a crucial issue for the stable survival of the photovoltaic industry chain. Recent visits by reporters to multiple physical enterprises revealed that some leading photovoltaic silver paste companies and upstream suppliers have begun establishing professional futures and options trading teams. On one hand, they use hedging strategies to manage silver price exposures in their production and operations; on the other, they participate in futures deliveries to secure forward silver supply.