Canada's chief negotiator said Canada plans to join partners in announcing the creation of a Global Defence Bank at next week's NATO summit.

Russian presidential spokesman Dmitry Peskov said on July 2 that Chief of the General Staff Valery Gerasimov briefed President Putin on the results of large-scale retaliatory strikes on Kyiv and other locations; Peskov said the strikes targeted military or quasi-military facilities. The Ukrainian air force said it recorded 74 missiles and 496 drones launched by Russia between 18:00 on July 1 and the early hours of July 2, including four Zircon hypersonic cruise missiles, and reported 17 dead and more than 90 wounded. The Russian defence ministry said the strikes, launched in response to alleged Ukrainian attacks on Russian civilian infrastructure, hit military‑industrial and energy facilities in Kyiv city and region and military airfields elsewhere; it said Russia’s air defences intercepted and destroyed 327 Ukrainian drones between 20:00 on July 1 and 07:00 on July 2 Moscow time.

Hong Kong tech and internet stocks rebounded strongly; Meituan (03690.HK) rose nearly 7%, JD.com (09618.HK) jumped over 5%, while Kuaishou (01024.HK) and Alibaba (09988.HK) also advanced.