WTI原油日內大漲3.00%，現報73.57美元/桶。

Korea Investment & Securities estimates SK Hynix Q2 revenue at 80.9 trln won and operating profit at 60.4 trln won, up 264% and 556% YoY respectively, but about 8% below the 65 trln won market consensus. Analyst Chae Min-suk said SK Hynix’s higher share of high-bandwidth memory (HBM), whose ASP gains have lagged the market, caps company-level ASP increases; with HBM4 entering full production and sales from Q3, ASP growth should align with the market. KIS estimates Q2 DRAM and NAND ASPs rose roughly 30% and 50% QoQ. The broker cut its operating-profit forecasts for this year and 2027 by 9% and 11%, saying the revisions reflect more realistic price assumptions tied to signed long-term contracts. Chae added that as the memory industry shifts toward 3–5 year contract structures, company value will depend on how long higher profitability persists rather than quarterly ASP growth rates.

Chen Guo, deputy director and chief strategist at Eastmoney Securities, says conditions for a Q3 rebalancing in China’s stock market are in place as leadership shifts from single to multiple drivers. Previously oversold assets—notably some high-quality blue chips hit in mid-to-late June panic selling—could recover first. Recommended sector exposure: non-bank financials, innovative drugs, internet, consumer staples, gaming, coal and lithium batteries. Thematic focuses: commercial space and robotics. Medium-term preference remains domestic AI-chain real‑tech leaders.