The Bank of Japan said rising import prices warrant close attention, as they are expected to push up prices of a range of goods, including durables.

A MORGAN STANLEY-led banking syndicate is negotiating a $15 billion loan to Nexus Data Centers to build a large data center campus and a 1.6 GW onsite gas-fired power plant in Hubbard, Texas. Google will provide financial guarantees and supply chips; the guarantees are said to cover ANTHROPIC’s lease and power-payment obligations on four signed data center leases and related power purchase agreements but are limited to the minimum amount lenders require. The deal could be announced as soon as today.

After four straight gains Hong Kong opened slightly lower and the Hang Seng Index briefly dipped below its 250-day moving average, falling as much as 235 points to an intraday low of 25,622 after opening down 21 at 25,837, before recovering to close up 0.1%; July gain now >13%. The Hang Seng Tech Index closed up 0.53%, nearly +8% in July. Market turnover was HKD 328.17 bln. Storage names, AI recent listings and PCB stocks led a sharp rebound; brain‑computer interface, electronic components and commercial aerospace also rallied. Alcoholic beverages, consumer electronics and mainland-traded shares corrected; autos, paper and dairy weakened intraday. Leveraged 2x long products tracking SK hynix (07709.HK) and Samsung Electronics (07747.HK) jumped about 67.5% and 48% respectively; Zhipu (02513.HK) +14.5%, MiniMax (00100.HK) +13%, Laopu Gold (06181.HK) +10%; Xiaomi (01810.HK) -7%, Budweiser APAC (01876.HK) -6.5%.