Taiwan exports YoY +32.9% in July, below consensus 40.7% and prior 40.3%.

China A-shares BC battery sector surged: Tongwei Co. rose nearly 8% and Huamin Co. gained over 7%; Dongcai Technology, Trina Solar and LONGi Green Energy also advanced.

SanTe Cableway said it is unaware of reports that former ultimate controller Ai Luming has been criminally detained, that Ai has no control or controlled relationship with the company, and that operations are normal. The company said all non-operating fund occupancies, together with corresponding interest, were repaid in cash in April 2022. SanTe Cableway returned to state ownership in 2023 and has reported three consecutive years of net profit growth. Media reports on Aug. 5 cited a lawyer saying Ai was detained on suspicion of illegally absorbing public deposits; the lawyer’s post has been deleted.