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The most important event for the Hong Kong market is that public housing rent in Hong Kong will increase by 2.04% starting in October, which the Housing Authority describes as a moderate rise.

A-Share Trading Rules Reform Implemented: New trading regulations formally launched on July 6, affecting 250 million investors. The most significant change is the expansion of the price fluctuation limit for ST and *ST stocks on the Shanghai and Shenzhen main boards from 5% to 10%, aligning them with standard main board stocks.
Major Corporate Performance Surge: A-share companies reported strong mid-year 2026 performance; 62 out of 69 disclosing companies were "pre-joy." Notably, Yongding Shares (fiber optic giant) saw Q2 net profit jump 114%-240% sequentially, with a potential 57%-120% annual increase.
Tech Sector Volatility & Clarifications: Global AI and chip stocks faced a sharp sell-off, with the NASDAQ 100 and semiconductor indices dropping significantly. Zhongji Xuchuang (light module leader) urgently clarified rumors that its upstream materials were "blocked," stating it maintains normal procurement channels and holds core technologies like silicon photonics and coherence.
Vehicle & Ship Tax Policy Adjustment: Effective January 1, 2027, tax incentives for energy-saving vehicles (50% reduction) and electric/commercial plug-in hybrid vehicles (exemption) will be cancelled, ending a 15-year subsidy era and signaling a shift to a market-driven phase for new energy vehicles.
Monetary Policy & Liquidity Support: The People's Bank of China conducted a 1 trillion yuan "buy-out" reverse repos operation (3-month term) to ensure liquidity stability across the quarter, marking an add-on renewal after a period of shrinkage.
Markets & Index Performance: The Hang Seng Index closed up 266 points, and the Hang Seng Tech Index rose 42 points. Major tech stocks like Tencent and Meituan surged over 4%, while XPCC (semiconductor) rose 8%.
QDII Funds Restriction Tightened: Due to strong returns in global tech and semiconductor sectors, several top QDII funds have lowered subscription limits or suspended purchases entirely ("closing the door") to control fund size and protect existing holder returns.
Hong Kong Market Highlights: Goldman Sachs raised its 12-month target for the KOSPI to 12,000 points. In Hong Kong, Red Shield Port sold 659 units, realizing 5.6 billion yuan, while UBS upgraded its profit forecast for Kioxia.
AI & Innovation Developments: Tencent Hunyuan officially released Version 3 (Hy3), showing significant improvements in software development and game production. Meanwhile, multiple regions launched new AI industry support policies, including Beijing and Shanghai's data set and innovation town initiatives.
Regulatory Reforms: The Securities and Futures Administration and other bodies are revising the "Securities Issuance Registration Management Measures" to introduce a shelf issuance system and optimize fast financing mechanisms, aiming to precisely support high-quality enterprises.

Despite a brief drop in the Tokyo Stock Exchange (TSE) of 6 yen due to selling pressure on AI and semiconductor stocks, the market remains resilient with a TSE of 60,900 yen, as selling on AI-related stocks for profit-taking occurred amid rising concerns.

The yen is nearing 162 with real dollar demand and strong fear of currency intervention.
Long-term interest rates hit a 29-year high of 2.830%, reflecting fiscal uncertainty.
The Tokyo Stock Exchange dipped slightly, with AI and semiconductor stocks selling off amid profit-taking.
Regional tax disparities are linked to a flawed delivery tax system, according to experts Nakagawa and Kono.
BP may withdraw from Yamagata’s offshore wind project due to unfavorable conditions, prompting government support talks.
Transport capacity between Narita Airport and Tokyo increased 1.8-fold, with future express trains to Haneda planned.
Keidanren criticizes China’s new export bans as extremely regrettable and urges withdrawal.
Sapporo and Carlsberg formed a Singapore joint venture to strengthen Southeast Asian business.
The Nissan “N-BOX” remains Japan’s top-selling vehicle for five consecutive years.
An Osaka payment processing company collapsed with 125.9 billion yen in debt—the year’s largest bankruptcy.

SpaceX has been included in the Nasdaq 100 index, marking a significant milestone for the company with historical market implications.
Ethereum is preparing its most substantial rebuild since the Merge, with Vitalik Buterin hinting at a 3–4 year development timeline.
Bitcoin's price surged to $63,900 before reversing at the start of the week, reflecting volatile market sentiment amid positive news.
Ripple has received a fully compliant crypto asset provider license in Luxembourg, advancing its regulatory standing in the EU.
Crypto markets have rebounded from the brink with renewed altcoin optimism, despite pockets of weakness in certain sectors.
Bitcoin's Sharpe Ratio has declined to its lowest level since 2022, signaling a shift in risk-adjusted performance metrics for the asset.
Russia's largest bank plans to launch a crypto wallet as Moscow clears the regulatory path for digital assets in the market.
Inflation outlooks continue to support bullish sentiment for Bitcoin, following its best week of performance since March.
Coinbase AI faced backlash after erroneously publishing a World Cup result before the kickoff, highlighting challenges with AI accuracy.
FOMC minutes and SpaceX's Nasdaq inclusion are set to shape crypto market dynamics in the upcoming week ahead.

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