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European chip stocks fell, dragged down by the earlier decline in Samsung Electronics' share price. ASML, STMicroelectronics, Infineon, ASMI, Best Semiconductor, and SOITEC all fell between 3% and 7%.

2026-07-07

European chip stocks fell, dragged down by the earlier decline in Samsung Electronics' share price. ASML, STMicroelectronics, Infineon, ASMI, Best Semiconductor, and SOITEC all fell between 3% and 7%.

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2026-07-07

Hong Kong close, Tuesday July 7: HSI closed down 119.43 points (-0.51%) at 23,496.89; Hang Seng Tech Index closed down 34.19 points (-0.75%) at 4,507.04; Hang Seng China Enterprises Index (HSCEI) closed down 42.09 points (-0.54%) at 7,770.26; Hang Se

Hong Kong close, Tuesday July 7: HSI closed down 119.43 points (-0.51%) at 23,496.89; Hang Seng Tech Index closed down 34.19 points (-0.75%) at 4,507.04; Hang Seng China Enterprises Index (HSCEI) closed down 42.09 points (-0.54%) at 7,770.26; Hang Seng China Red Chip Index closed down 49.45 points (-1.28%) at 3,805.13.
2026-07-07

Japan's real wages rose 1.4% YoY in May, the fifth straight monthly increase, but slowed from April's revised 2.0% as consumer inflation accelerated. Nominal average cash earnings climbed 3.2% YoY to ¥311,165 (≈$1,918), below April's revised 3.6% gai

Japan's real wages rose 1.4% YoY in May, the fifth straight monthly increase, but slowed from April's revised 2.0% as consumer inflation accelerated. Nominal average cash earnings climbed 3.2% YoY to ¥311,165 (≈$1,918), below April's revised 3.6% gain. Regular wages rose 3.0% YoY (April revised 3.3%); overtime pay rose 2.9% (April revised 4.8%). The impact of the Iran war is beginning to feed into consumer prices; together with yen weakness and earlier energy-driven price rises, living costs may continue to rise. The Bank of Japan raised rates last month to a 31-year high and reiterated that sustained wage and price increases are a precondition for further tightening.
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