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June 29 — Midea said Chinese factories are running overtime to meet surging European demand and the company has shifted shipments to China-Europe rail service with 15–25 day transit times, roughly 25 days faster than sea, while local subsidiaries are

2026-06-30

June 29 — Midea said Chinese factories are running overtime to meet surging European demand and the company has shifted shipments to China-Europe rail service with 15–25 day transit times, roughly 25 days faster than sea, while local subsidiaries are expediting customs clearance and channel distribution. Gree Electric said European channels are fully sold out and overseas dealers are rushing replenishment to secure market supply. Midea’s plug-and-play PortaSplit mobile split AC is sold out in Germany, the UK, France and the Netherlands; year-to-date PortaSplit shipments have exceeded 200,000 units, double last year’s full-year sales.

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2026-06-30

Germany's export price index rose 0.5% month-on-month in May, compared with 0.8% in the previous month.

Germany's export price index rose 0.5% month-on-month in May, compared with 0.8% in the previous month.
2026-06-30

The Philadelphia Semiconductor Index has surged 81% in Q2 and is on track for its strongest quarter ever with one trading day remaining. By comparison, the The Nasdaq-100 is up 25% and the S&P 500 14% for the quarter. Last week’s selling wiped 7.9% o

The Philadelphia Semiconductor Index has surged 81% in Q2 and is on track for its strongest quarter ever with one trading day remaining. By comparison, the The Nasdaq-100 is up 25% and the S&P 500 14% for the quarter. Last week’s selling wiped 7.9% off the semiconductors index, the largest weekly drop since April 2025; on Monday the index swung from down 3.2% intraday to finish up 3.8%. Cantor Fitzgerald senior MD and technical strategist CJ Muse said the six-month rally was driven by heavy investment in AI infrastructure but investors are starting to question its sustainability. His principal concern is whether hyperscale data-center operators will be able to maintain and expand spending after 2026; he said he does not expect the investment boom to end imminently.
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