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South Korea's KOSPI jumped 6.00% intraday to 7,153.42 points. SK Hynix rose 8.6% and Samsung Electronics gained 5.7%.

2026-07-22

South Korea's KOSPI jumped 6.00% intraday to 7,153.42 points. SK Hynix rose 8.6% and Samsung Electronics gained 5.7%.

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2026-07-22

Hong Kong-listed new energy vehicle stocks declined, with Geely Automobile (00175.HK) falling nearly 4%, Leapmotor (09863.HK), Chery Automobile (09973.HK), Xiaomi Group (01810.HK), and NIO-SW (09866.HK) all falling more than 2%, while Li Auto (02015.

Hong Kong-listed new energy vehicle stocks declined, with Geely Automobile (00175.HK) falling nearly 4%, Leapmotor (09863.HK), Chery Automobile (09973.HK), Xiaomi Group (01810.HK), and NIO-SW (09866.HK) all falling more than 2%, while Li Auto (02015.HK) and Great Wall Motor (02333.HK) both fell more than 1%.
2026-07-21

UBS Securities China equity strategist Meng Lei said recent sharp global volatility and a reduction in crowded tech trades have not changed his view that technology and AI will be dominant market themes in H2. He expects tech to sustain strong earnin

UBS Securities China equity strategist Meng Lei said recent sharp global volatility and a reduction in crowded tech trades have not changed his view that technology and AI will be dominant market themes in H2. He expects tech to sustain strong earnings growth on rapid global AI adoption and substantial domestic policy support, with industry-themed ETFs, tech-focused active funds, margin financing and private funds likely to see continued net inflows. For portfolio rebalancing into H2 2026, Meng highlights three additional tradables themes beyond AI: 1) AI capex spillovers—data centers, power equipment (eg gas turbines), physical AI (robots) and commercial aerospace; 2) earnings-recovery sectors—lithium batteries, chemicals, brokerages, insurers and innovative drugs, which could attract funds if AI momentum eases; 3) exporters/overseas-revenue beneficiaries—companies with rising foreign revenue shares and materially higher overseas margins.
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