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The Hang Seng Tech Index rose more than 3%, with sectors such as storage, optical communication, chips, and robotics leading the gains.

2026-07-20

The Hang Seng Tech Index rose more than 3%, with sectors such as storage, optical communication, chips, and robotics leading the gains.

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2026-07-20

Wang Sheng, chief strategy analyst at Shenwan Hongyuan, said the recent A‑share pullback largely reflects rising global volatility: the Philadelphia Semiconductor Index has fallen more than 20%. Korea has seen pronounced moves due to high leverage an

Wang Sheng, chief strategy analyst at Shenwan Hongyuan, said the recent A‑share pullback largely reflects rising global volatility: the Philadelphia Semiconductor Index has fallen more than 20%. Korea has seen pronounced moves due to high leverage and large prior gains in memory stocks; Japan has also been volatile. He said external risk accumulation has amplified episodic volatility and indirectly pressured domestic markets. He characterized the current decline as a technical correction, noting many large‑cap value and growth names have already adjusted to reasonable valuations and have seen recent upward revisions to earnings forecasts, making a synchronized rebound likely after the tech selloff. He added A‑shares show clear earnings resilience and that domestic substitution and technology self-reliance offer substantial upside potential.
2026-07-20

At the midday close, China’s main futures contracts were mixed. Liquid petroleum gas (LPG) led gains, up more than 10%; container-shipping Europe-route futures rose nearly 9%; benzene climbed over 7%. Low-sulfur fuel oil (LU), SC crude oil, methanol

At the midday close, China’s main futures contracts were mixed. Liquid petroleum gas (LPG) led gains, up more than 10%; container-shipping Europe-route futures rose nearly 9%; benzene climbed over 7%. Low-sulfur fuel oil (LU), SC crude oil, methanol and fuel oil each gained over 6%; propylene advanced more than 5%. On the downside, lithium carbonate fell over 5%; eggs and polysilicon dropped more than 3%; glass was down about 3%.
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