Xi'an High‑Tech Zone and South Korea's BOBOO HITECH signed an MOU on July 9 to establish a semiconductor critical-components repair and manufacturing base. Total planned investment is CNY150 mln in two phases: Phase I CNY50 mln to lease about 2,000 sqm of standard factory space for repair and local production of semiconductor parts such as electrostatic chucks and heating plates; Phase II adds CNY100 mln to expand capacity.

Turkey's foreign minister said Turkey hopes to secure positive results soon on lifting US sanctions.

Deutsche Bank says a dense slate of Fed speeches precedes the next quiet period. Key schedule: Waller speaks Monday at the New York Commercial Economic Club; the Chair testifies Tuesday–Wednesday. Several officials will give outlooks after the June CPI print — Cook on Wednesday, Vice Chair Jefferson, Dallas Fed’s Logan and Kansas City Fed’s Schmidt on Friday. Deutsche Bank expects the Chair to reiterate recent remarks and stay tight-lipped on future action; Waller is likelier to outline his reaction function, so his remarks merit close attention for policy signals. Market focus will be how officials interpret June CPI and whether any signal support for a July rate increase. The June minutes noted “several” officials saw a case for a hike last month; since then oil and inflation expectations fell then partially rebounded and the unemployment rate declined further, leaving open the possibility of dissenting votes in July in favor of tightening.