Spot silver has dropped over 2.00% intraday, currently priced at $60.78 per ounce.

FTSE China A50 Index futures have dropped by 1%. (Jin Ten)

On July 7, the KOSPI index fell by 8%, currently reported at 7405.11 points. In terms of individual stocks, SK Hynix dropped over 10%, while Samsung Electronics fell by more than 9%.

The South Korean exchange triggered a circuit breaker due to an 8% drop in the KOSPI index, resulting in a 20-minute trading halt. (Jinshi)

On July 7, the Nikkei 225 Index experienced a decline of 2.00% during the day.

On July 7, according to Omdia's latest report titled 'Semiconductor Application Market Forecast Tool (AMFT) - China Region for Q2 2026', the Chinese semiconductor market is projected to see a significant year-on-year growth rate adjustment to 92.9% by 2026, reaching $812.08 billion. This marks an increase of $265.6 billion compared to the previous AMFT shipment volume update for China in Q4 2025, which estimated a 31.26% growth, bringing the market size to $546.5 billion, reflecting an overall adjustment of 48.6%. Additionally, Omdia's latest data for Q2 2026 indicates that the Chinese semiconductor memory market is expected to experience a substantial growth rate adjustment to 262.9%, reaching $449.6 billion.

On July 7, CITIC Securities International released a report stating that Tencent (00700.HK) has officially launched its Hy3 large model. On the cost side, the 21B activated parameters allow Hy3 to operate at a computational cost far lower than that of flagship models with similar capabilities, with API input prices dropping to 1 yuan. WorkBuddy data shows that in actual business operations, token consumption is approximately 47% to 49% lower than that of GLM-5.2, which directly reduces the marginal cost of Tencent Cloud's AI services and provides scalable conditions for large-scale applications aimed at consumers, such as Yuanbao, ima, and WeChat Reading. CITIC Securities International maintains a 'Buy' rating for Tencent with a target price of 632 HKD. The official launch of Hy3 validates Tencent's execution capability in enhancing the reliability of post-training driven models, prompting the market to reassess the implied value of Tencent's AI assets.

On July 7, it was reported that HSBC is reducing its high-risk private lending operations.

On July 7, according to data monitored by Farside Investors, the US spot Bitcoin ETF experienced a net inflow of $265.7 million yesterday.

On July 7, Yili Hua, founder of Liquid Capital (formerly LD Capital), stated, "Bitcoin is currently still in a downtrend on the weekly chart. Only a strong breakthrough of $68,000 can lead to a significant reversal. If it cannot break through, it will test lower levels again. I hope we do not see a terrible situation where it falls below $47,000." "Regardless, in the coming months, we are fully prepared to buy the dip; we must be greedy when others are fearful. Besides mainstream coins, we are also looking for new hundredfold coins for the next bull market. In the last round, our investment in Render saw a peak increase of nearly 180 times. Although most coins are worthless, there are a few that present significant opportunities. Firstly, they have dropped over 95% due to market conditions, and secondly, the founders are actively engaged, with directions aligned with trends and essential needs such as AI. Ideally, they should have sound finances and preferably be profitable. If there are such projects, I can recommend them."