Nominal 
【HEADLINES】
1. U.S. stocks closed higher on Friday (7th), with the S&P hitting a new closing high, and all three major indices recording significant weekly gains. The U.S. July non-farm payroll unexpectedly posted negative growth, a sign of cooling labor market, which instead strengthened market expectations that the Fed will pause rate hikes, boosting investor sentiment. The Dow closed up 151.83 points, or 0.28%, at 54036.93; the S&P rose 47.68 points, or 0.62%, to 7757.64; the Nasdaq gained 342.26 points, or 1.3%, to 26690.62.
2. U.S. July non-farm payroll data showed a loss of 23,000 jobs, far below market expectations of 80,000 to 83,000 jobs added. Additionally, June's figure was significantly revised down to just 20,000 added, while May was revised down from the previously reported 129,000 to 63,000. The combined downward revision over two months reached 103,000, indicating a cooling labor market beyond expectations.
3. Iran's foreign minister stated that due to repeated U.S. violations of the provisional peace memorandum of understanding signed in June, Tehran currently will not engage in direct talks with the U.S. Trump said he could patiently wait for economic pressure on Iran to force it to soften its stance.
4. Israeli Prime Minister Netanyahu rejected a 15-point Hamas disarmament roadmap proposed by U.S.-backed mediators. Hamas, in turn, linked the surrender of heavy weapons to Israeli troop withdrawal from Gaza and the establishment of a Palestinian state.
5. According to ABC News citing sources, the White House has formally written to Fed Governor Cook this week, clearly notifying that President Trump is considering dismissing her. The White House also issued an ultimatum, demanding Cook formally respond within three weeks to allegations of "mortgage loan fraud".
6. Comprehensive Nasdaq 2026 first-quarter earnings reports and filings with the U.S. Securities and Exchange Commission (SEC) indicate that its "23/5" (23 hours a day, five days a week) extended trading hours plan has been officially approved by the SEC and is expected to be implemented on December 6, 2026.
7. The U.S. Treasury Department blacklisted two Iranian cryptocurrency exchanges and imposed sanctions on multiple networks assisting Iran's financial system in transferring funds, including three Hong Kong companies.
8. China's national consumer price index (CPI) rose 0.5% year-on-year in July, a 0.5 percentage point decline from June and below market expectations of 0.8%. The month-on-month decline narrowed by 0.2 percentage points to 0.1%, but it marked the third consecutive monthly fall.
9. Morgan Stanley foreign exchange strategists believe the U.S.-Japan joint intervention in the currency market had only a temporary effect, failing to reverse the long-term downward trend of the yen. They turned bearish on the yen, expecting the dollar-yen to gradually rise unless another joint intervention occurs.
10. A U.S. judge approved WuXi AppTec's motion for a preliminary injunction, temporarily blocking the Pentagon from enforcing its designation of the company as a "Chinese military company".
11. Testing by U.S. cybersecurity research firm Frontier Security showed that Moonshot's Kimi K3 model successfully breached the sandbox environment provided by the UK government's AI Safety Institute, with researchers warning the model lacks adequate security safeguards.
12. South Korean memory giant SK Hynix (US.SKHY) announced its board has formally approved an expansion plan totaling up to 54 trillion Korean won. Funds will be allocated to the second wafer fab in the Yongin semiconductor complex and the M17 fab in Cheongju, aiming to comprehensively enhance DRAM and NAND flash memory production capacity.
【STOCK HIGHLIGHTS】
Property stocks: New World Development (00017), Henderson Land (00012), Wheelock Properties (01997)Export stocks: Techtronic Industries (00669)
- U.S. July non-farm employment unexpectedly declined, money market pricing shows Fed September rate hike probability dropped from nearly 60% to about 40%
Domestic consumption sector: Mengniu (02319), Anta (02020), Budweiser APAC (01876)
- China's July PPI year-on-year growth slowed for the first time since the outbreak of the Iran war, CPI fell month-on-month for the third consecutive month
Chip stocks: SMIC (00981), Hua Hong Semiconductor (01347), ASMPT (00522)
- Cambricon's revenue and net profit more than doubled, Moore Threads significantly narrowed losses with revenue soaring 147%
WuXi AppTec (02359)
- U.S. court preliminarily blocks U.S. Department of Defense from listing WuXi AppTec as a Chinese military company
Shenzhou International (02313)
- Expects mid-year net profit to decline about 38% to 43% year-on-year
Guanghe Technology (01989)
- Mid-year profit of RMB 960 million, up 94%, no dividend, expects new breakthroughs in revenue and profit
Longfor Group (00960)
- July sales of RMB 2.1 billion, down 65%, January-July sales down 54%
Guotai Junan International (01788)
- Offered privatization at 44% premium by Guotai Haitong (02611), resumed trading this morning
Chifeng Gold (06693)
- Laos Mengkang rare earth project temporarily suspended, uncertain when operations will resume
JL MAG Rare-Earth (06680)
- Terminated subscription for new shares of Australian-listed rare earth company HASTINGS, as preconditions not met
Zhejiang Shibao (01057)
- Plans to raise up to approximately RMB 1.4 billion via private placement of A-shares, to expand wire-controlled and intelligent steering
【OIL & GOLD QUOTES】
NYMEX crude oil up 0.61%, at $78.66/barrel
Brent crude oil up 2.46%, at $84.25/barrel
Spot gold down 0.04%, at $4339.81/oz
Gold futures up 0.01%, at $4400.32/oz
1. U.S. stocks closed higher on Friday (7th), with the S&P hitting a new closing high, and all three major indices recording significant weekly gains. The U.S. July non-farm payroll unexpectedly posted negative growth, a sign of cooling labor market, which instead strengthened market expectations that the Fed will pause rate hikes, boosting investor sentiment. The Dow closed up 151.83 points, or 0.28%, at 54036.93; the S&P rose 47.68 points, or 0.62%, to 7757.64; the Nasdaq gained 342.26 points, or 1.3%, to 26690.62.
2. U.S. July non-farm payroll data showed a loss of 23,000 jobs, far below market expectations of 80,000 to 83,000 jobs added. Additionally, June's figure was significantly revised down to just 20,000 added, while May was revised down from the previously reported 129,000 to 63,000. The combined downward revision over two months reached 103,000, indicating a cooling labor market beyond expectations.
3. Iran's foreign minister stated that due to repeated U.S. violations of the provisional peace memorandum of understanding signed in June, Tehran currently will not engage in direct talks with the U.S. Trump said he could patiently wait for economic pressure on Iran to force it to soften its stance.
4. Israeli Prime Minister Netanyahu rejected a 15-point Hamas disarmament roadmap proposed by U.S.-backed mediators. Hamas, in turn, linked the surrender of heavy weapons to Israeli troop withdrawal from Gaza and the establishment of a Palestinian state.
5. According to ABC News citing sources, the White House has formally written to Fed Governor Cook this week, clearly notifying that President Trump is considering dismissing her. The White House also issued an ultimatum, demanding Cook formally respond within three weeks to allegations of "mortgage loan fraud".
6. Comprehensive Nasdaq 2026 first-quarter earnings reports and filings with the U.S. Securities and Exchange Commission (SEC) indicate that its "23/5" (23 hours a day, five days a week) extended trading hours plan has been officially approved by the SEC and is expected to be implemented on December 6, 2026.
7. The U.S. Treasury Department blacklisted two Iranian cryptocurrency exchanges and imposed sanctions on multiple networks assisting Iran's financial system in transferring funds, including three Hong Kong companies.
8. China's national consumer price index (CPI) rose 0.5% year-on-year in July, a 0.5 percentage point decline from June and below market expectations of 0.8%. The month-on-month decline narrowed by 0.2 percentage points to 0.1%, but it marked the third consecutive monthly fall.
9. Morgan Stanley foreign exchange strategists believe the U.S.-Japan joint intervention in the currency market had only a temporary effect, failing to reverse the long-term downward trend of the yen. They turned bearish on the yen, expecting the dollar-yen to gradually rise unless another joint intervention occurs.
10. A U.S. judge approved WuXi AppTec's motion for a preliminary injunction, temporarily blocking the Pentagon from enforcing its designation of the company as a "Chinese military company".
11. Testing by U.S. cybersecurity research firm Frontier Security showed that Moonshot's Kimi K3 model successfully breached the sandbox environment provided by the UK government's AI Safety Institute, with researchers warning the model lacks adequate security safeguards.
12. South Korean memory giant SK Hynix (US.SKHY) announced its board has formally approved an expansion plan totaling up to 54 trillion Korean won. Funds will be allocated to the second wafer fab in the Yongin semiconductor complex and the M17 fab in Cheongju, aiming to comprehensively enhance DRAM and NAND flash memory production capacity.
【STOCK HIGHLIGHTS】
Property stocks: New World Development (00017), Henderson Land (00012), Wheelock Properties (01997)Export stocks: Techtronic Industries (00669)
- U.S. July non-farm employment unexpectedly declined, money market pricing shows Fed September rate hike probability dropped from nearly 60% to about 40%
Domestic consumption sector: Mengniu (02319), Anta (02020), Budweiser APAC (01876)
- China's July PPI year-on-year growth slowed for the first time since the outbreak of the Iran war, CPI fell month-on-month for the third consecutive month
Chip stocks: SMIC (00981), Hua Hong Semiconductor (01347), ASMPT (00522)
- Cambricon's revenue and net profit more than doubled, Moore Threads significantly narrowed losses with revenue soaring 147%
WuXi AppTec (02359)
- U.S. court preliminarily blocks U.S. Department of Defense from listing WuXi AppTec as a Chinese military company
Shenzhou International (02313)
- Expects mid-year net profit to decline about 38% to 43% year-on-year
Guanghe Technology (01989)
- Mid-year profit of RMB 960 million, up 94%, no dividend, expects new breakthroughs in revenue and profit
Longfor Group (00960)
- July sales of RMB 2.1 billion, down 65%, January-July sales down 54%
Guotai Junan International (01788)
- Offered privatization at 44% premium by Guotai Haitong (02611), resumed trading this morning
Chifeng Gold (06693)
- Laos Mengkang rare earth project temporarily suspended, uncertain when operations will resume
JL MAG Rare-Earth (06680)
- Terminated subscription for new shares of Australian-listed rare earth company HASTINGS, as preconditions not met
Zhejiang Shibao (01057)
- Plans to raise up to approximately RMB 1.4 billion via private placement of A-shares, to expand wire-controlled and intelligent steering
【OIL & GOLD QUOTES】
NYMEX crude oil up 0.61%, at $78.66/barrel
Brent crude oil up 2.46%, at $84.25/barrel
Spot gold down 0.04%, at $4339.81/oz
Gold futures up 0.01%, at $4400.32/oz
