πŸ“Š Market Snapshot

  • Spot Gold 4174.26 (-0.02%), narrow range, touched 4202 intraday then pulled back
  • WTI Crude 68.76 (-0.49%), OPEC+ confirms August output hike of 188K bpd, oil under pressure
  • Spot Silver touches $62 (-0.61%)
  • South Korea KOSPI plunges 3%, SK Hynix down over 5%
  • A-shares weaken: ChiNext -2%, STAR 50 reverses from +2% to -3%, over 3,300 stocks decline
  • HK AI sector tumbles: Zhipu -10%, UBTECH -7%
  • Southbound net inflows hit 5 billion yuan, buying the dip
  • Japan 10Y yield rises to 2.79%, approaching 30-year high

πŸ”₯ Key News This Hour

  • KOSPI plunges 3%: Index at 7,842, SK Hynix -5%+, Samsung Electronics -1.6%, semiconductor sector leads sell-off
  • STAR 50 whipsaws over 5%: Rose 2%+ intraday then reversed to -3%, tech sentiment deteriorates sharply
  • OPEC+ confirms August hike of 188K bpd: Fifth consecutive monthly increase, crude stays below $69
  • Japan 10Y yield nears 30-year high: Rises to 2.79%, inflation and fiscal concerns intensify
  • Abnormal tanker movements in Strait of Hormuz: Multiple tankers suddenly U-turn or reroute to Oman-side channel, transit remains highly tense
  • Trump and Putin hold 90-minute call: Putin extends invitation to visit Russia, Ukraine peace talks advance
  • A-share innovative drug sector bucks the trend: Shouyao Holdings hits 20% daily limit up, Gan & Lee Pharma among multiple stocks limit up, over ten stocks surge 10%+
  • Guangzhou Baiyun Airport foreign arrivals hit record high: Over 4 million foreign entries/exits, up 34% YoY

🧭 Market Assessment

Asia-Pacific markets are in classic risk-off mode today: South Korean semiconductor plunge, surging Japanese bond yields, and A-share rally reversal.

The core tension lies at the intersection of geopolitics and supply dynamics β€” abnormal Hormuz Strait navigation combined with OPEC+ firm output increases put crude supply under two-way pressure.

Gold retreats from the $4,200 resistance level, but geopolitical risks (Iran situation, Ukraine peace talk uncertainty) provide downside support.

Watch for semiconductor sector reaction after US market open tonight; Samsung earnings will be the key litmus test for AI supply chain sentiment this week.

⏰ Upcoming Key Events

  • Today: Samsung Electronics quarterly earnings (AI chip sentiment watershed)
  • This week: NATO Summit (Turkey), Trump-Zelensky meeting
  • This week: US June CPI data