SK Hynix's US ADR offering drew nearly $200 bln in demand, attracting over 500 investors; the top 25 accounts received roughly 67% of the allocation and the top 10 took nearly half.

日本经济财政大臣城内实：政府不会提前向日本央行传达关于其政策调整时机、步伐及方向的偏好。

China Index Academy said the property market remains in a bottoming phase and recovery will continue to be uneven. Looking to H2, second‑hand markets in core cities are likely to retain some activity; ongoing transaction improvement and stabilizing listings should further narrow price declines and strengthen price‑stability in some cities. For new homes, a low year‑earlier base in 2025 should help narrow national new‑home sales’ YoY declines in H2, but full market repair will take time. Continued launches of higher‑quality projects in core cities and supportive measures such as housing provident fund policies will provide some support; however, supply is likely to remain constrained under policies aimed at limiting new additions and reducing inventories, so recovery is expected to be structural and led by quality supply. On construction and investment, developer cash‑flow pressure and sales‑driven investment strategies mean new starts and real estate development investment are expected to remain at low levels.