Taiwan July M2 money supply YoY 7.42%, down from 8.13% previously.

Russian Defence Ministry said on the 24th its forces struck Yuzhne port on Ukraine’s Black Sea coast in the early hours, hitting an oil tanker it said was carrying fuel to Ukrainian forces and continuing strikes on Ukrainian ports and vessels supplying troops. The ministry said strikes also damaged fuel storage tanks, warehouses storing military supplies, port infrastructure and a substation supplying power to Yuzhne. Ukraine’s Odesa regional military-civil administration reported large-scale missile and drone strikes across Odesa region targeting food storage and energy infrastructure, with some private homes damaged and fires ignited. No casualties have been reported; local authorities are carrying out post-strike response work.

Great Wall Fund says China A-share market is in a consolidation phase: market activity remains but risk appetite has weakened as investors cash out high-flyer growth positions without forming a new coordinated bid. Leadership is shifting from a single tech-driven spillover to a more balanced pattern — core tech retained, dividend and defensive sectors providing support, and healthcare/consumption rotating in. Outlook: expect continued churn and short-term volatility, but a low probability of breaching prior lows. Tactical focus: 1) energy-security and dividend assets such as oil & petrochemicals, coal and banks — rationale is stable cash flow with oil at mid-to-high levels and defensive characteristics from low valuations; 2) concentrated AI hardware plays — prioritize optical modules, switches, servers, PCB, semiconductor equipment/materials and HBM where mid-year results and order visibility can verify demand; 3) pharmaceuticals and select domestic-demand resilient sectors — low crowding and earnings potential to help hedge tech volatility.