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ChiNext Index fell 1% after earlier rising more than 1%; Shenzhen Composite Index down 0.62% and Shanghai Composite Index down 0.14%. PCB sector slid amid volatility.

2026-07-06

ChiNext Index fell 1% after earlier rising more than 1%; Shenzhen Composite Index down 0.62% and Shanghai Composite Index down 0.14%. PCB sector slid amid volatility.

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2026-07-06

Sources said Apple supplier Luxshare Precision plans to price its Hong Kong IPO at the upper limit of HK$63.28 per share, raising about HK$24.3 bln (around USD3.1 bln). The pricing was said to be roughly a 13% discount to its Monday close of HK$62.88

Sources said Apple supplier Luxshare Precision plans to price its Hong Kong IPO at the upper limit of HK$63.28 per share, raising about HK$24.3 bln (around USD3.1 bln). The pricing was said to be roughly a 13% discount to its Monday close of HK$62.88. The offering comprises 383.5 mln shares and subscriptions closed early last Friday. If completed, the deal would exceed Shenghong Technology’s April HK$23.1 bln raise to become Hong Kong’s largest IPO this year.
2026-07-06

Under a new US-EU trade agreement the EU has pledged to buy $750bn of US energy products over the next three years, with LNG to account for the bulk. Higher Asian gas prices have drawn US exporters eastward, and European purchases of US LNG fell in J

Under a new US-EU trade agreement the EU has pledged to buy $750bn of US energy products over the next three years, with LNG to account for the bulk. Higher Asian gas prices have drawn US exporters eastward, and European purchases of US LNG fell in June to a two-year low. EU gas storage sits near a 15-year low for the season after last winter’s drawdown, Middle East tensions and supply disruptions, leaving winter supply pressure elevated. A 2027 ban on Russian LNG imports would, by some estimates, leave the US supplying as much as 80% of EU LNG imports. At the same time EU restrictions on North Sea and Arctic oil and gas development limit domestic production upside. Measures meant to reduce reliance on Russian energy could therefore increase Europe’s dependence on US supplies.
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