Swiss National Bank: firms posted robust turnover growth in Q2.

As of July 15, 1,668 A-share companies have published 2026 H1 profit previews; 902 forecast YoY net-profit growth and 181 expect turnarounds from loss to profit. Profit-up counts are concentrated in AI computing power, commercial space, electronics manufacturing, chemicals and nonferrous metals, and new energy; hard-tech subsectors such as memory chips and fiber-optic communications show outsized profit previews driven by rising product prices and expanding demand. Under combined policy support and market demand, hard technology and high-end manufacturing are emerging as key engines of earnings growth, signaling initial effects of China’s economic structural adjustment.

Jensen Huang visited Tokyo on July 15 for a NVIDIA-SEGA 30th anniversary event, where he met SEGA’s former CEO and a lead designer and thanked them for a roughly $5m 1995 investment that rescued the then-startup after a failed Sega chip project. Huang is scheduled to attend a Ministry of Economy, Trade and Industry (METI)-hosted physical AI event today; markets are watching whether NVIDIA will announce an alliance with Japan’s “physical AI model national team,” Noetra.