生豬主力合約日內走低2.00%，現報12095.00元/噸。

Falling crude has not produced equivalent drops in consumer fuel costs because refined-product supplies—not crude—are tight. The 3-2-1 crack spread has jumped to a record $65/bbl, implying refiners can buy crude at roughly $71/bbl and sell finished products valued around $136. The gap reflects refinery feed shortages—firms running cautious inventories and disruptions around the Strait of Hormuz, where refiners account for over 10% of global product output—rather than raw crude scarcity. Market models that tie consumer fuel costs directly to crude risk understating near-term energy inflation. Diesel remains elevated, keeping transport costs high and sustaining upward pressure on other consumer prices; the price gap has also attracted political attention, with Trump threatening action against oil companies.

HONG KONG GOVT Financial Services and the Treasury Bureau said July 12 the 2026 APEC finance ministers meeting has entered its 100-day countdown and official publicity has begun. Large promotional banners were installed on the Wan Chai government building in early July and electronic displays on Central pedestrian overpasses are running. The bureau said it will continue coordinating with relevant departments to finalise arrangements ahead of the meeting and to receive APEC delegations, aiming to showcase Hong Kong as an international financial centre.