The Baltic Dry Index fell 32 pts (1.2%) to 2,664 on Tuesday, its lowest level since July 2, after freight rates slid across all vessel classes. The Baltic Capesize Index dropped 60 pts (1.4%) to 4,140, its weakest since July 22; Capesize average daily earnings fell $539 to $34,048. The Panamax index fell 11 pts (0.6%) to 1,988, the lowest since late April; Panamax daily earnings declined $94 to $17,896. The Supramax index slipped 22 pts (1.3%) to 1,648, the lowest since June 12.

受希捷科技(STX.O)財報提振，美股存儲芯片概念股盤後走高，西部數據(WDC.O)漲6.5%，SK海力士(SKHY.O)漲2.5%，美光科技(MU.O)漲0.8%，閃迪(SNDK.O)漲1%，希捷科技(STX.O)一度漲9%。

MOFCOM said on July 28 China does not deliberately pursue a trade surplus. Export growth reflects scale economies and rising innovation plus external demand from global green transition and industrialization. Exports to the EU are concentrated in photovoltaics, new-energy vehicles, lithium batteries and chemicals—largely reflecting decarbonization-driven demand for energy-related products and higher European production costs after the energy shock. China is not targeting a larger share of labor‑intensive exports; that share fell from 20.7% in 2012 to 15.1% in 2025. In 2025 foreign firms accounted for 27% of Chinese exports and 16% of the trade surplus, with surplus and profit growth outpacing domestic firms. While goods trade posts a sizable surplus, deficits in services and investment income leave the current account surplus at about 3.7% of GDP, within internationally accepted ranges.