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The ChiNext index rose by more than 1%, with memory chips, semiconductors, and gaming sectors leading the gains.

2026-07-21

The ChiNext index rose by more than 1%, with memory chips, semiconductors, and gaming sectors leading the gains.

Other News
2026-07-20

Capital Economics says the US 10yr-2yr Treasury spread will likely narrow further over the coming months and could fully invert if tensions in the Strait of Hormuz continue to rise. The firm points to a larger increase in short-term real rate expecta

Capital Economics says the US 10yr-2yr Treasury spread will likely narrow further over the coming months and could fully invert if tensions in the Strait of Hormuz continue to rise. The firm points to a larger increase in short-term real rate expectations than long-term expectations—potentially reflecting strong economic data—as a key driver. It expects the 2s10s curve to flatten further as markets price extra Fed hikes, forecasting 75bps of tightening over the next year versus roughly 40bps currently priced.
2026-07-21

Downing Street: The new Prime Minister will act swiftly to cut electricity taxes. Tax cuts received this year due to the cancellation of the digital identity scheme will be exempt from VAT on electricity bills from October 1st.

Downing Street: The new Prime Minister will act swiftly to cut electricity taxes. Tax cuts received this year due to the cancellation of the digital identity scheme will be exempt from VAT on electricity bills from October 1st.
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