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Multiple positive factors converged to drive the Hang Seng Index up 702 points, with Alibaba surging over 12% and the Hang Seng Tech Index rising 223 points, marking a significant stage-wise recovery for the Hong Kong market.

China's Central Bank supports high-quality mainland enterprises to list/bond in HK and increases FX reserve allocation to HK assets.
HK Stock Market rebounds significantly: Hang Seng Index up 702 points, with Alibaba surging 12% and Xiaomi up 9%.
Global AI sector shifts from "growth" to "performance verification," marked by Samsung's massive profit surge but falling stock price.
China's FX reserves remain stable at $3.4163T for 3 months; Central Bank buys gold for 20 consecutive months.
Lithium and battery material prices surge due to strong storage/power demand, driving doubled profit forecasts for major mining firms.
U.S.-Iran ceasefire ends per Trump; he threatens to cut trade with Spain over NATO contributions, spiking oil prices by 5%.
China accelerates "AI + HR" development, targeting universal AI application in the HR industry by 2030.
China's innovative medicine BD overseas transactions hit ~$100B in H1 2026, doubling 2024 levels.
New measures launched to accelerate the construction of the Shanghai International Reinsurance Center.
CSRC investigates individual for spreading false info on Zhonggong Education, signaling a crackdown on market manipulation.

The most significant event for the JP market is the Tokyo Stock Exchange's continued decline, closing 1100 yen lower and breaking the 600,000-level for the first time in a month amid spillover from U.S. stock losses and selling pressure on AI stocks.

Kyoto Bank Takano and Hyakken Branch reopened after reconstruction, strengthening consultation services for individual customers.
Japan's current account surplus reached 3.9683 trillion yen in May, marking 16 consecutive months of positivity, with trade surplus conversion as a key contributor.
The Tokyo Stock Exchange fell sharply, closing 14,371 yen lower, breaking the 67,000 yen level for the first time in a month, amid US stock declines and AI stock sell-offs.
Mizuhobank launched a 10-billion-yen AI credit program for small businesses, aiming to boost deposits and attract startups.
The yen dropped to an 18-year low against the pound, temporarily reaching 217 yen per pound, though concerns about UK fiscal deterioration are fading.
The Bank of Japan's rate hike has raised fears of economic slowdown, as noted by Reprise committee member Asada.
Asahi Corporation aims for its first-ever sales revenue of over 3 trillion yen in FY26, driven by sales promotions and new products.
The Tokaido Shinkansen introduced a "Supreme Class" fully private seat, starting operations in October.
Ion Corporation simplified container designs for about 20 noodle items, freezing prices and reducing PB product costs by 10–20%.>
Former Prime Minister Abe passed away four years ago, and current officials note that Abenomics successfully avoided deflation.

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