Ukrainian President Zelensky: The Russian authorities have gone mad because of this war and have completely lost their rationality in refusing to end it.

Foreign reports, citing a person familiar with the matter, say Germany is funding procurement of 50,000 attack drones for Ukraine — one of the largest known Western government drone orders for Kyiv. The order covers SkyFall’s Shrike FPV drones, fitted with Auterion software that can perform autonomous terminal‑phase tracking and engagement of moving targets, Auterion CEO Lorenz Meier confirmed. Meier said the contract is worth about €90m (≈$103m), funded by a European country; some units have been delivered to the Ukrainian government and the remainder are due this year. SkyFall has confirmed German participation in the purchase.

Internationally: 1. Goldman Sachs: Maintains overweight rating on A-shares, recommends investing in high-quality Hong Kong-listed internet leaders. 2. Morgan Stanley: Three factors could end the summer rally in US stocks. 3. Barclays: The oil price shock has passed, but inflation remains. 4. IEA warns: Escalating US-Iran conflict could threaten the expected oversupply in the oil market by 2027. 5. Mitsubishi UFJ: Japanese investment plans are unlikely to have a lasting impact on the yen. 6. Morgan Stanley Mitsubishi UFJ: The yen and Japanese government bonds are expected to be supported in the short term by comments from Satsuki Katayama. Domestically: 1. BOC Securities: Short-term equilibrium does not change the growth trend. 2. CITIC Securities: Still optimistic about the US technology sector. 3. CITIC Securities: Breakthroughs in controllable recovery technology will lay the foundation for increased infrastructure investment in the commercial aerospace sector. 4. CITIC Securities: Expectations of ample supply are suppressing lithium prices, but a rebound is expected despite the off-season. 5. CITIC Securities: Hong Kong stock market volatility is easing, and short selling is expected to subside. Short-term recommendations include innovative drugs, aviation, robotics, and industrial metals. 6. Galaxy Securities: We suggest focusing on earnings performance and seizing structural opportunities amidst market fluctuations. 7. Kaiyuan Securities: Risks are gradually dissipating; look for new technological clues. 8. China Merchants Securities: Increased volatility in overseas technology markets; pay attention to opportunities in domestic computing power. 9. Eastmoney: The market has the conditions for "rebalancing" in the third quarter; previously "oversold" assets are expected to recover first.