阿联酋外贸部长：阿联酋很快将从美国进口高端AI芯片。

Galaxy Overseas analysts say Tencent's Q2 results are likely to hold up, supported by games and advertising; they forecast domestic games revenue +8% YoY and international games revenue +15% YoY. They expect Tencent to boost AI-related investment in H2 to upgrade its Hunyuan large model, cloud infrastructure and AI agent services. Galaxy Overseas projects full-year capex of CNY103 bln and says Tencent may step up capex in H2. The broker maintains an Overweight rating on Tencent (00700.HK) with a target price of HK$702.00.

Shanghai Gold Exchange's gold T+D closed 0.2% lower at 895.5 yuan/gram on Thursday, July 23; silver T+D closed up 0.03% at 14,499 yuan/kg.