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The A-share film and cinema sector fluctuated and weakened, with Ruyi Film hitting the daily limit down. China Film, Happiness Blue Ocean, Enlight Media, Bona Film Group, Beijing Culture, and Baina Qiancheng also fell.

2026-07-13

The A-share film and cinema sector fluctuated and weakened, with Ruyi Film hitting the daily limit down. China Film, Happiness Blue Ocean, Enlight Media, Bona Film Group, Beijing Culture, and Baina Qiancheng also fell.

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2026-07-13

Jordan's military said it intercepted and shot down four missiles that entered Jordanian airspace from Iran.

Jordan's military said it intercepted and shot down four missiles that entered Jordanian airspace from Iran.
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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