Honda Motor has suspended operations at its Kumamoto motorcycle plant; the stoppage is expected to continue until Wednesday afternoon.

Southern Asset Management's Liu Wenliang said China's equity market appears to be in the late stage of bottoming. Major sectors' pullbacks from highs are near historical single-cycle extremes and core-company valuations have largely been digested, with policy support and fresh inflows expected to reinforce one another. Disruptions are fading: the first overseas CSP major's results did not falsify the industry's recovery trend, and a domestic memory leader is scheduled to list next week, which should narrow fund diversion. Liu expects technology to be decisive in Q3 and anticipates funds refocusing on tech led by memory names. Industry signals: Q3 server DRAM contract prices remain in an uptrend, HBM supply is tight, and price rises are likely to spread from memory makers to equipment, components and materials. Capex signals are supportive — TSMC has raised annual CAPEX, ASML has twice upgraded guidance this year, and SEMI forecasts 23% YoY growth in global equipment sales in 2026. Domestic memory firms are raising large funding for capacity expansion; local equipment and component suppliers are benefiting from upgraded orders and longer overseas lead times that accelerate substitution and price upside. Liu said market participants should dynamically track domestic and offshore model-level progress; if continuous learning and a data–model flywheel materialize, commercialization upside could reopen.

US Dallas Fed manufacturing raw materials prices paid index, July: 41.3; prior 42.4.