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7 月外銷訂單創單月新高July Export Orders Set Single-Month Record外銷訂單 7 月達 979.4 億美元，年增 61.9%、月增 2.8%；這是連 18 個月維持正成長，數字也高於官方原先給出的 935 億到 955 億美元區間。Taiwan's export orders reached $97.94 billion in July, up 61.9% year-on-year and 2.8% month-on-month, extending their growth streak to 18 months and topping official projections of $93.5 billion to $95.5 billion. 讀全文 →Read →

年增金額有 88%來自 2 類產品Two Categories Drive 88% of Year-on-Year Growth電子產品與資訊通信 2 類接單合計 745.9 億美元，相當於整體的 76.2%；與 1 年前相比，這 2 類共增加 329.8 億美元，約當 7 月整體年增金額的 88%。Electronic products and ICT orders totaled $74.59 billion, representing 76.2% of the total. Compared with a year earlier, the two categories climbed by $32.98 billion, accounting for roughly 88% of July's total dollar expansion. 讀全文 →Read →

布蘭特原油一度逼近 95 美元Brent Crude Approaches $95美國揚言對伊朗施加更嚴厲制裁，油價走高使通膨隱憂再起；標普 500 指數下跌 0.87%，道瓊下跌 1.32%。U.S. threats of tighter sanctions on Iran pushed oil higher, reviving inflation concerns; the S&P 500 fell 0.87% and the Dow Jones Industrial Average dropped 1.32%. 讀全文 →Read →

韓股單日大漲 5.89%Korean Stocks Surge 5.89% in Single Day韓國KOSPI收 6,853 點、上漲 5.89%，日經上漲 1.36%；台股同日僅上漲 0.48%，收 44,934 點。South Korea's Kospi closed at 6,853, up 5.89%, while the Nikkei gained 1.36%; Taiwan's TAIEX lagged on the same day, rising just 0.48% to 44,934. 讀全文 →Read →

公債回購未能壓下長天期殖利率Treasury Buybacks Fail to Cool Long Yields美國財政部宣布擴大公債回購，但長天期公債殖利率仍未有效回落，債市壓力持續存在。The U.S. Treasury announced expanded debt buybacks, but long-duration Treasury yields failed to pull back meaningfully, leaving bond-market pressures intact. 讀全文 →Read →

算力開始被證券化Compute Moves Toward Securitization人工智慧龍頭偕華爾街啟動 5,000 億美元規模融資計畫，芝加哥商品交易所推出首批算力期貨，算力自實體基礎建設走向金融商品。An AI market leader partnered with Wall Street to launch a $500 billion financing program as CME Group rolled out inaugural compute futures, transitioning compute from physical infrastructure into a financial asset.

5 年要投 3 兆美元AI CapEx Projected at $3 Trillion Over Five Years研究指出，人工智慧基礎建設要在 5 年間投入將近 3 兆美元；作為對照，鐵路網用了約 80 年、電氣化約 30 年、光纖網路約 10 年。A research report projects nearly $3 trillion in AI infrastructure investment over the next five years; by comparison, the rail network required roughly 80 years, electrification about 30, and fiber-optic rollouts roughly a decade.

PCB上游材料規格再升級Upstream PCB Materials Upgrade Again資料傳輸朝 800G與 1.6T演進，銅箔基板由M7、M8 進一步往M9 升級，高階材料需求隨AI伺服器、高速交換器與特殊應用晶片同步上行。As data transmission transitions toward 800G and 1.6T, copper-clad laminates are advancing from M7 and M8 to M9, lifting premium material demand across AI servers, high-speed switches, and custom ASICs.

價值型基金加碼雲端龍頭Value Fund Adds to Cloud Leader某知名控股公司第 2 季對一家雲端與搜尋龍頭加碼約 4,810 萬股，季增幅度約 83%，該股因此成為其第 3 大持股。A prominent holding company added roughly 48.1 million shares of a cloud and search leader in the second quarter, up about 83% quarter-on-quarter, making it its third-largest holding. 讀全文 →Read →