Financial Times reports investors are cutting exposure to Asian chipmakers.

Key market drivers: Tuesday’s US June CPI and core CPI (primary near‑term driver for Treasury yields and Fed pricing); Wednesday’s China Q2 GDP YoY, June retail sales and industrial production (material for China growth, EM sentiment and policy bets). U.S. data also: Tuesday NFIB, ADP jobs; Wednesday PPI and NY Fed manufacturing; Thursday retail sales and initial jobless claims; Friday housing starts, permits and preliminary July Michigan confidence and one‑year inflation expectations. Monetary policy and central‑bank speeches: Fed chair Kevin Warsh to testify to the House Tuesday and the Senate Wednesday on the semi‑annual monetary policy report; Fed gov Waller speaks Tuesday; NY Fed president Williams speaks Wednesday; other FOMC voters scheduled include Chicago Fed president Goolsby (Wed), St. Louis Fed president Mussailem (Thu), Dallas Fed president Logan (Fri) and Fed vice‑chair Jefferson (Fri). Bank of Canada decision and policy report due Wednesday with Governor Macklem and Dep. Gov. Rogers briefing markets; South Korea’s central bank decision is due around July 16/17. Liquids and energy flow: OPEC monthly oil market report (timing TBD Mon); API and EIA weekly crude inventories Tue/Wed; EIA gas weekly on Thursday. Corporate and sector flow: US big‑bank results (JPM, Citi, BofA, GS, WFC) premarket Tuesday; Morgan Stanley, ASML, Johnson & Johnson, BlackRock premarket Wednesday; TSMC premarket Thursday; Netflix and Alcoa postmarket Thursday. China specifics: tentative June M2 on Monday, June trade balance Tuesday, nationwide electricity use and large‑cap property price release around Wednesday; domestic fuel price adjustment window opens Friday. Market operational note: Seoul exchange closed Friday for a local holiday.

HSI gains widened to 1.00%; Hang Seng Tech Index up 1.45%.