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Hong Kong chip stocks slid further in afternoon trade: 06082.HK down over 18%, 03986.HK down over 15%; 00981.HK, 02577.HK and 02878.HK also declined.

2026-07-02

Hong Kong chip stocks slid further in afternoon trade: 06082.HK down over 18%, 03986.HK down over 15%; 00981.HK, 02577.HK and 02878.HK also declined.

Other News
2026-07-02

Commerzbank strategist Volkmar Baur says markets price roughly a 50% chance of another RBA rate hike this year; he disagrees. Energy-driven upside risks have faded—oil has fallen since the last meeting—while downside risks from a meaningful fall in p

Commerzbank strategist Volkmar Baur says markets price roughly a 50% chance of another RBA rate hike this year; he disagrees. Energy-driven upside risks have faded—oil has fallen since the last meeting—while downside risks from a meaningful fall in property prices are emerging and could dent consumer spending and growth. Baur says only a material rise in inflation would prompt the RBA to tighten again this year, and he does not expect that to occur.
2026-07-02

Spot gold rose about $10 intraday to $4,079.6/oz.

Spot gold rose about $10 intraday to $4,079.6/oz.
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