利率分析师Ira Jersey表示：“6月非农就业报告弱于预期，尤其是前值被下修，引发了美债收益率曲线的牛市陡峭化，这在我们看来是合理的，因为这意味着短期内加息的可能性降低。TIPS曲线也应出现牛市陡峭化，因为实际收益率将因市场对近期经济增长放缓的预期而进行调整。”

Sources say Blackstone and Apollo are competing to buy a stake in Kuwait's state oil pipeline unit. Kuwait's national oil company is requiring some bidders for the pipeline stakes to form investor consortia.

Hang Seng opened strong—up nearly 200 points and topping a >2% intraday gain—before trimming advances; at midday HSI +1.19% at 23,154.41, Hang Seng Tech Index +0.62% at 4,499.91. Market turnover HK$213.387 billion. Autos and gold stocks led gains; AI-application names pared earlier strength and innovative-drug names were active. Semiconductors and optical-communications hardware slumped on overseas headlines. Notable movers: BYD Company (01211.HK) +8.76%, China Gold International Resources (02099.HK) +14.37%, Jiangsu Hengrui Medicine (01276.HK) +3.11%, Zhipu (02513.HK) -14.78%, GigaDevice Semiconductor (03986.HK) -14.39%, SMIC (00981.HK) -8.89%.