Redfin: U.S. homes for sale saw sales climb to a six-week high.

ispace shares rose nearly 19% on Thursday, the largest single-day gain in six months, after the company said it will partner with SpaceX to use Starship for lunar cargo transport. ispace will develop a mobile cargo system to move customer payloads under 500 kg several kilometres across the lunar surface and has purchased 500 kg of payload capacity on Starship. The system is not expected to launch before 2030. The company said market demand for transport services is large and committed to ensuring the next landing succeeds; ispace’s two prior lunar landing attempts failed (2023: software issue; 2025: hardware failure). ispace plans to launch an orbital satellite in 2027 and a follow-up lunar landing mission in 2028.

Morgan Stanley cut Xiaomi Group (01810.HK) target price by 29% to HKD32 from HKD45 and maintained an Overweight rating, citing lower EV delivery assumptions and weaker smartphone sales that slow MAU growth and trim its internet-services valuation. MS now projects ~100,000 EV deliveries in 2Q 2026 and ~180,000 in 1H 2026—about 33% of Xiaomi’s 550,000 full-year target—and says the company is unlikely to hit the 550,000 target even with planned H2 product launches. The bank lowered its EV delivery forecast for this year to 500,000 from 580,000 and cut the 2027 forecast to 700,000 from 750,000. MS also estimates Xiaomi’s AI-related investments are conservatively worth RMB32 billion and could re-rate materially if profit growth resumes.