Hong Kong-listed Hu Shang Ayi (02589.HK) shares fell more than 20%.

Academy Securities策略師Peter Tchir對當前美國通脹提出了一個反常識判斷： 居民面對的核心矛盾可能已經從“價格還在快速上漲”，轉向“此前漲上去的價格一直沒有下來”。 他將Truflation與官方CPI、核心PCE比較發現，2021—2022年Truflation曾明顯高於官方數據，而現在情況反轉，實時指標已經明顯低於傳統通脹指標。作者據此質疑， 美聯儲如果繼續過度依賴滯後較強的CPI和核心PCE，可能會高估當前正在發生的價格壓力。 這個觀點並不意味着官方通脹已經失真。美聯儲7月報告顯示，截至5月PCE同比仍高達4.1%、核心PCE爲3.4%，官方數據確實仍顯示通脹壓力；與此同時，Truflation最新實時美國CPI指標已明顯更低。 真正的分歧因此在於：政策應該更重視“當前價格變化速度”，還是過去漲價仍在官方統計中的滯後體現。如果前者更接近現實，市場對進一步加息的定價就可能偏鷹。

Hungary's central bank reiterated support for the government's efforts to meet euro-area entry criteria, saying membership would benefit the economy. The central bank's deputy governor said the bank will play a constructive role in meeting entry conditions while maintaining price stability and cited the government's 2030 qualification target. Since the April election win the forint and Hungarian sovereign bond prices have risen. He said euro-area standards—fiscal stability, low inflation and low yields—are beneficial though a common currency carries trade-offs, added that inflation this year could be below 2%, and reiterated the bank would consider lowering its 3% inflation target to align with the euro area.