新加坡交易所：證券市場6月成交額同比激增72%，達到446億新元。6月份衍生品交易量同比增長31%，達到3430萬合約。

Zhongji Xuchuang said on July 12 that industry demand for 1.6T in 2027 remains strong and within its previously expected quantity range, and that customer count has increased. 800G demand is rising more sharply than earlier expected. The company has not observed an overall drop in customer demand; 1.6T volumes for next year are broadly unchanged versus prior forecasts but have shifted structurally — some customers reduced orders while new cloud and AI large‑model customers increased 1.6T demand.

CITIC Securities research note: Long March-10B maiden flight on July 10, 2026 achieved the world’s first sea-net controlled recovery of a rocket first stage. The breakthrough could materially cut satellite launch costs, accelerate constellation deployment and trigger substantial capex in China’s commercial space sector. Recommend focus on private reusable-rocket firms’ recovery-technology validation, pace of satellite-manufacturing capacity scale-up, and private commercial-space IPO activity in 2026–27.

Japan's 20-year government bond yield fell 4 bps to 3.71%.

日本20年期國債收益率下降4個基點至3.71%。

TSMC will report Q2 results and hold an earnings briefing on Thursday. Analysts see the company likely to post strong results but view Q3 as uncertain. Liao Wanting, general manager at Uni‑President Investment Advisory, said global compute sales growth has recently shown signs of slowing; if management calms investor concerns over AI supply‑chain lead times and shipment disruptions at the briefing, the stock should rebound, but any signal to curb capex would validate market worries. She added AI growth remains positive but not yet strong enough to justify upward revisions, and supply‑chain bottlenecks are making firms cautious ahead of July earnings. Huang Yiting, chairman of First Securities Investment Advisory, called the briefing pivotal: better‑than‑expected results and positive guidance could push Taiwan stocks back toward or above prior highs. He warned that Samsung’s post‑earnings collapse reflected high leverage in Korean markets and is unlikely to be broadly replicated.