On July 15, 3,509 stocks received margin financing purchases; 416 stocks recorded margin buys exceeding 100 mln yuan. GigaDevice led with 4.46 bln yuan in margin purchases, followed by Dongshan Precision with 3.98 bln yuan and Zhongji Xuchuang with 3.86 bln yuan.

Tech now represents roughly 56% of Nikkei index weight, up from 35% in 2022. As the AI-driven tech rally cools, Japanese equities have pulled back, echoing volatility in other tech-heavy markets. DWS global CIO Vincenzo Vedda cut semiconductor to neutral after the Philadelphia Semiconductor Index rallied about 90% in Q2, warning that slower-than-expected AI commercialisation could prompt cloud providers to pare capex. Despite the pause, most institutions remain constructive: JPX says the market has shown resilience and buyers emerge on dips, while Citigroup Tokyo strategist Ryota Sakagami notes rapid upward revisions to tech EPS have kept price moves within a “healthy growth” range rather than signalling a bubble. Valuation supports the bullish case: Nikkei 225 forward 12-month P/E near 22x versus over 60x in the 1980s bubble. Ongoing Japanese capital-market reforms are also cited as a driver of foreign inflows.

美國至7月10日當週EIA汽油產量 -9.6萬桶/日，前值-23.3萬桶/日。