Bank of England maintains countercyclical capital buffer at 2%.

JP Morgan Asset Management global markets strategist Raisah Rasid says Indian firms lack exposure to AI hardware and are missing the AI boom, leaving India equities to lag regional peers and contributing to some foreign capital outflows. She warns this has driven earnings downgrades and investor concern over stretched valuations, while noting that broader AI adoption in India could improve productivity and the outlook if it materializes.

The Shanghai Stock Exchange said secondary‑market trading in the Huatai‑PineBridge China‑Korea Semiconductor ETF (513310) was trading materially above the fund’s reference net asset value, creating a large premium. To protect investors, the ETF will be suspended from market open on July 7 until 10:30 the same day. The exchange warned of premium risk and said uninformed purchases could result in material losses.