Markets At the close on May 13: U.S. stocks were mixed, with the Nasdaq Composite falling 0.7%. Top 20 U.S. stocks by turnover on May 13: Qualcomm closed down over 11%, facing profit-taking after a five-day rally. Most popular U.S.-listed Chinese stocks fell on May 13: Himax Technologies dropped 7.46%, Kingsoft Cloud Holdings declined 6.36%. Commodities Summary: Oil prices rose, copper prices neared record highs, and gold prices fell. European markets declined, with banking stocks under pressure as U.S. inflation data intensified market stress.

Macro U.S.-Iran tensions persist; the former U.S. President stated he is "in no hurry," while Iran set preconditions for talks. The U.S. Senate confirmed Kevin Warsh as a Federal Reserve Governor. The Mayor of New York City abandoned a controversial property tax increase plan, incorporating a second-home surtax into the budget instead. FDA Commissioner Scott Gottlieb resigned, having been criticized multiple times by the former U.S. President. A U.S. appeals court temporarily stayed an unfavorable ruling on the 10% global tariffs, allowing them to remain in effect. The U.S. administration delayed plans to reduce beef import tariffs. Iran stated that ending hostilities and lifting the blockade of the Strait of Hormuz are prerequisites for negotiations with the U.S. Iran will not participate in the next round of U.S.-Iran talks until five preconditions are met. Iraq and Pakistan are reportedly signing separate agreements with Iran for energy transportation. Saudi Arabia carried out retaliatory strikes against Iran in late March. The UK will deploy aircraft and warships to the multinational护航 operation in the Strait of Hormuz. Russia's Minister of Economic Development stated that the Russian economy grew 10% over the past three years. Vietnam urged the U.S. to allow an oil tanker passage through the blockade.

Companies Yonhap News reported that Samsung's labor-management talks have broken down, increasing strike risks. Anthropic is in talks to raise $30 billion in funding, with a valuation exceeding $900 billion. Google is reportedly in discussions with SpaceX to launch an in-orbit data center. Google integrated Gemini into the Android底层, creating a cross-device "intelligent system," putting pressure on Apple's upcoming WWDC. Data breach compensation and base effects dragged down KT's first-quarter net profit, which fell 31.5%. Shiseido's first-quarter core operating profit surged 58%, with net profit exceeding expectations. Microsoft's rebound momentum strengthened, with traders watching for a "bull flag" pattern. Waymo recalled nearly 3800 robotaxis due to driving risks in积水 sections. TotalEnergies, ConocoPhillips, and QatarEnergy signed an agreement to help Syria re-enter the international energy landscape. Amazon expanded its "Ultra-Fast Delivery" service, bringing 30-minute delivery to dozens of U.S. cities. Strong demand for the 21st-century "new oil" (AI算力) prompted CME Group to plan an AI computing power futures market. Full transcript: JD.com's Q1 earnings call details significant sequential reduction in losses for its外卖 business.

Commentary Bundesbank President Joachim Nagel stated the likelihood of ECB rate hikes is increasing. S&P revised Mexico's rating outlook from stable to negative. U.S. Treasury market: Bond prices fell, influenced by rising oil prices and accelerating inflation. U.S. budget agency: The "Golden Dome" project is estimated to cost $1.2 trillion, far exceeding the initial $185 billion estimate. Stronger-than-expected inflation forced markets to abandon bets on rate cuts, increasing expectations for Fed rate hikes. A second Qatari LNG carrier transited the Strait of Hormuz and arrived in Pakistan.