At the open, the Dow Jones Industrial Average rose 0.26%, the S&P 500 gained 0.29% and the Nasdaq climbed 0.12%. Computer-hardware names led gains: HP Inc. (HPQ) up 6.4%, Dell Technologies (DELL) up 3.4%. Cisco Systems (CSCO) fell 7.9% after quarterly results beat estimates but failed to satisfy Wall Street. The Nasdaq Golden Dragon China Index fell 0.65%; JD.com (JD) slipped 2.3%.

Citigroup expects more Asian companies to list in the U.S. as tech firms seek higher valuations and access ample U.S. equity capital. Adrian Nye, head of Japan, North Asia and Australia issuer services at Citigroup, says Asian techs are using American depositary receipts to trade alongside U.S. peers. Compiled data show Philadelphia Semiconductor Index constituents trade at an average P/E of about 22x—more than twice that of Asian peers. Year-to-date Asian ADR issuance is roughly $28 billion, the most since 2020, led by SK Hynix's $26.5 billion U.S. listing; Japan payments provider PayPay contributed about $1 billion.

SMIC (00981.HK) reported Q2 2026 net profit of 479 mln yuan, versus 132 mln yuan a year earlier, a roughly 263% YoY increase.