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At 09:10 on July 13, Shenyang Municipal Flood Control and Drought Relief Headquarters issued a citywide red flood warning and elevated the city's flood emergency response to Level I, citing meteorological rainfall forecasts and current rain, water an

2026-07-13

At 09:10 on July 13, Shenyang Municipal Flood Control and Drought Relief Headquarters issued a citywide red flood warning and elevated the city's flood emergency response to Level I, citing meteorological rainfall forecasts and current rain, water and infrastructure conditions after assessment and in in accordance with the Shenyang flood and drought emergency plan.

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2026-07-12

Wall Street Journal survey: economists expect US CPI inflation of 3.4% this year, up from 3.2% in April.

Wall Street Journal survey: economists expect US CPI inflation of 3.4% this year, up from 3.2% in April.
2026-07-13

Bank of East Asia wealth management strategist Chen Weicong said tech firms’ higher AI spending and rising energy and memory production costs have weakened earnings recovery for heavyweight tech and consumer names, prompting a cut to this year’s Hang

Bank of East Asia wealth management strategist Chen Weicong said tech firms’ higher AI spending and rising energy and memory production costs have weakened earnings recovery for heavyweight tech and consumer names, prompting a cut to this year’s Hang Seng earnings forecast and a target reduction from 29,000 to 27,100. The implied P/E on the forecast is about 10x, slightly below the 10-year average of ~10.5x, making valuations increasingly attractive and recent overselling a buying opportunity. He expects a short-lived phase rebound in H2; the July Politburo meeting could be a catalyst if it signals further growth-stabilizing policies.
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