纳指科技ETF景顺：本基金将于2026年8月25日开市起停牌，自2026年8月25日10:30起复牌，停牌期间本基金赎回业务照常办理。

Li Auto-W (02015.HK) reports Q2 results on Wednesday. A Visible Alpha survey of analysts expects a RMB1.52 bln net loss (≈$226.1 mln) versus a RMB1.09 bln profit a year earlier, with revenue seen at RMB25.17 bln, down 17% YoY. After gross margin fell to 7.9% in Q1, investors will watch whether Q2 margin rises above 10% as a signal of an earnings inflection. Jefferies says ongoing refreshes of core L-series models should support volume recovery and margin improvement; deliveries fell 11.5% YoY in Q2, and the market will monitor whether Li Auto can restore YoY delivery growth in Q3. Jefferies expects the updated L6 to drive the recovery, projecting L6 monthly sales to rise from a H1 average of ~5,000 to about 10,000 in September; launches of new L9 and L8 complete the L-series refresh. On pure-electric plans, i8 has underperformed while lower-priced i6 has become the primary volume model; management comments on i6 order momentum, profitability and timing/rollout of the upcoming i9 will be key to judging whether EVs can become a second growth engine.

ING rates strategist Benjamin Schroeder said the US Treasury’s expansion of liquidity operations to suppress bond yields has instead focused markets on a deeper issue: a rising US debt burden and limited ability or willingness to rein in the fiscal deficit. He noted officials signaled some waste-cutting measures due in the coming days, but warned that if Congress does not undertake major rethinking, any reductions are likely to be marginal.