Market snapshot
| Index | Level | Change |
|---|---|---|
| SSE Composite | 3639.48 | ▼1.37% |
| SZSE Component | 11237.95 | ▼2.03% |
| ChiNext | 2484.39 | ▼3.21% |
| Hang Seng | 24675.50 | ▼0.49% |
| Hang Seng Tech | 4025.22 | ▼3.11% |
| S&P 500 | 6643.70 | ▲0.59% |
| Nasdaq | 22484.07 | ▲0.44% |
| Dow Jones | 46247.29 | ▲0.65% |
| Gold | 4068.30 | ▼1.10% |
| Crude oil | 91.42 | ▲0.99% |
| VIX | 28.18 | ▲69.66% |
Shanghai turnover: CNY 303.6bn
Macro & policy
| Indicator | Forecast | Previous | Actual |
|---|---|---|---|
| ECB President Lagarde speaks (EUR) | — | — | — |
| Annual Budget Release (CAD) | — | — | — |
| Employment Change (CAD) | 14.6K | -68.3K | — |
| Unemployment Rate (CAD) | 6.5% | 6.5% | — |
| Average Hourly Earnings m/m (USD) | 0.3% | 0.1% | — |
| Non-Farm Employment Change (USD) | 65K | 29K | — |
| Unemployment Rate (USD) | 4.2% | 4.2% | — |
| Ivey PMI (CAD) | 57.7 | 58.2 | — |
| Prelim UoM Consumer Sentiment (USD) | 48.1 | 46.3 | — |
| Prelim UoM Inflation Expectations (USD) | — | 4.7% | — |
Finance news
1. Hotpot, murder mystery games and lottery tickets: cinemas’ creative self-rescue
Facing operating pressure, cinemas are diversifying into hotpot, murder mystery games and lottery sales to generate revenue. The moves reflect traditional theaters’ attempts to expand use cases and income sources.
Source: 界面新闻
2. Apple Plans to Raise $7 Billion for Share Buybacks, Returns to Dollar Bond Market After 18 Months
Apple plans to raise about $7 billion through a dollar bond sale, returning to the U.S. investment-grade market after roughly 18 months. Proceeds are earmarked for share repurchases, continuing its practice of debt-funding buybacks.
Source: 华尔街见闻
3. Don’t Assume ‘Hearing Is Enough’ for Cochlear Implants: CIIE Global Debut Product Addresses Sound Localization Gap | On Site
A new cochlear implant debuted globally at the China International Import Expo, aiming to address a common limitation: users can hear sound but struggle to locate its direction. The product is designed to improve spatial perception and sound-source localization.
Source: 第一财经
4. IRS unveils higher capital gains tax brackets for 2027
The IRS announced higher long-term capital gains tax brackets for 2027. Investors should review the new thresholds to understand how they may affect their tax liability.
Source: CNBC Markets
5. Profit and Loss from the Same Source: Nasdaq Crash Triggers Huge Losses and Closures at Hedge Funds
A Nasdaq crash has led to huge losses and closures among some hedge funds, with strategies that once generated profits now backfiring. The sharp market selloff is intensifying pressure on fund managers.
Source: 华尔街见闻
6. Beijing: All Primary and Secondary Schools to Scrap Delivered Meals by Sept 1, 2027 as Canteens Convert to New-Type Self-Operation
Beijing has ordered all primary and secondary schools to stop using off-campus meal delivery before September 1, 2027. Contracted and outsourced canteens must also be converted into a new type of self-operated canteen, tightening campus food safety and nutrition control.
Source: 财新
7. Markets Open Lower: Shanghai Composite Falls 2.11%
Both major Chinese stock markets opened lower today, with the Shanghai Composite Index down 2.11% at the open. The decline reflects early-session market pressure; sector performance and later trends remain to be seen.
Source: 财新
8. Nasdaq sell-off batters Asian chip stocks as SK Hynix, Samsung, Softbank, TSMC tumble
Asian tech stocks fell Friday, following a sharp overnight sell-off on Wall Street. The Nasdaq Composite entered correction territory, dragging down major chip stocks including SK Hynix, Samsung, SoftBank and TSMC.
Source: CNBC Markets
Filings & research
Company filings (CNINFO, titles in Chinese)
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