Responding to US reports that Washington is concerned about China deploying undersea fiber‑optic cables in the Pacific, Foreign Ministry spokesman Lin Jian said at a July 28 briefing that international submarine cables are critical civilian infrastructure key to global connectivity and the welfare of people worldwide. He warned that politicizing or securitizing the issue would undermine normal international market rules, threaten global data interconnectivity and cybersecurity, and serve no one'

SK Hynix (SKHY.O) ADR hit a record low on Monday after its $26.5 bln US listing earlier this month, retreating as investors exited high‑valuation semiconductor names. The stock plunged as much as 10% intraday to $139.01, below the $149 issue price, and closed at $143.02. SK Hynix is among the first of this year’s largest US IPOs to trade below their offer price, alongside SpaceX. The semiconductor sector extended recent losses, with the sector index closing at its lowest level since May 19. Cost of default protection on NVIDIA (NVDA.O) corporate debt rose as a new wave of AI infrastructure deals could exceed $750 bln.

Yunzhisheng (09678.HK) said it has completed capability upgrades to its U2-ASR and U2-TTS systems, further strengthening multimodal large-model capabilities and extending its speech large-model coverage from deep local support for "hundreds of dialects" to broader global multilingual support.