港股汽車股持續走強，理想汽車(02015.HK)漲超8%，零跑汽車(09863.HK)漲超6%，吉利汽車(00175.HK)、比亞迪股份(01211.HK)等跟漲。

Several large hedge funds warned private credit risks are increasing. Davidson Kempner Capital Management CIO Tony Yoseloff said private credit faces more severe problems than public markets amid higher rates, slower corporate growth and large debt maturities in 2027–28. He noted about one-third of recent private-credit loans have followed private equity into the software sector, calling it “a software problem, an interest-rate problem, and above all an overvaluation problem.” John Elwood, CIO at Sona Asset Management, said the cumulative default rate in the broad syndicated-loan market over the past five years has already exceeded 2008 global financial crisis levels and that private credit shares many of the same arrangers, borrowers and alternative credit managers but typically involves smaller, inherently riskier borrowers.

Arm(ARM.O)2027財年Q2營收14.4億美元，去年同期11.4億美元，市場預期13.76億美元。