On July 13 Midea Group said persistent extreme heat across Europe has driven a demand surge, with nearly 200,000 new air‑conditioner units ordered in the past month. Deliveries are being shipped in bulk to Europe from Midea’s Guangzhou Nansha and Wuhu AC plants. Midea also said its PortaSplit split portable air‑conditioner has received over 160,000 new orders since June and is being fulfilled from the Guangzhou Nansha plant.

GigaDevice hit the daily limit-down, closing at 550.8 yuan, more than 30% below its June 30 level; market capitalization about 386.4 billion yuan. The broader memory-chip sector plunged, with multiple peer stocks also trading at limit-downs. A GigaDevice staffer said the recent share adjustment “is closely linked to overseas markets,” noting the decline is roughly in line with SK Hynix’s ~30% drop and that memory peers rose similarly during the prior rally. Asked about business worries, the staffer pointed to the company’s earnings guidance as the most persuasive evidence of fundamentals.

伊朗最高联合军事指挥部：伊朗不会允许美国干预霍尔木兹海峡的管理事务。