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Next week’s major events: China GDP and US CPI, WAIC Artificial Intelligence Conference, Changxin Technology IPO, TSMC earnings report

Next week’s major events: China GDP and US CPI, WAIC Artificial Intelligence Conference, Changxin Technology IPO, TSMC earnings report

July 12 - July 20 Major Financial Events of the Week (all times are Beijing Time): Key focus next week: Macro data & central bank policy: US June CPI and PPI will be released in succession; Federal Reserve Chair Walsh will testify before Congress for the first time on monetary

Earnings season, Walsh and U.S. inflation—Where are the Fed and markets headed? Next week, we'll get the "first clues"!

Earnings season, Walsh and U.S. inflation—Where are the Fed and markets headed? Next week, we'll get the "first clues"!

``` The new Federal Reserve Chairman Walsh is about to attend his first Congressional hearing, coinciding with the intensive release of U.S. inflation data for June. The intersection of these events will provide a focused test of the market's bets on a rate hike in July. On Tuesday,

Iran announced the closure of the Strait of Hormuz; the US military said it is launching attacks against Iran, and explosions have been reported in multiple locations in Iran.

Iran announced the closure of the Strait of Hormuz; the US military said it is launching attacks against Iran, and explosions have been reported in multiple locations in Iran.

``` The situation in the Middle East has suddenly escalated. The Iranian Revolutionary Guard announced the closure of the Hormuz Strait, the world's most important energy passage, and the U.S. military immediately announced it was launching strikes against Iran. Explosions were reported in multiple locations in southern Iran,

On Running’s Asia-Pacific region will see a leadership change, with the driver of China’s growth promoted to global head of markets.

On Running’s Asia-Pacific region will see a leadership change, with the driver of China’s growth promoted to global head of markets.

On's rapidly growing Asia-Pacific business is about to undergo a management transition. Recently, Swiss sports brand On announced that the current General Manager of Asia-Pacific, Rebecca Cai, will be promoted to Chief Global Markets Officer on September 1st. She will be responsible for the three major regional markets

Muyuan forecasts a first-half loss of 5.7 to 6.7 billion yuan; cost reduction and slaughtering business provide a buffer.

Muyuan forecasts a first-half loss of 5.7 to 6.7 billion yuan; cost reduction and slaughtering business provide a buffer.

```html The price of live pigs continues to remain at a low level, and leading pig breeder Muyuan Foods experienced a temporary loss in the first half of the year. On July 11, Muyuan Foods released its 2026 semi-annual performance forecast. The company expects a net loss attributable to shareholders

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Over the past two years, the scale has almost doubled, and US ETFs are "red-hot."
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``` Over the past two years, the scale has almost doubled, and US ETFs are "red-hot." ```

``` The U.S. ETF industry is experiencing an unprecedented acceleration in expansion. Three core metrics—asset size, capital inflows, and trading volume—are all breaking or approaching historical records in 2026, bringing the industry into a state of full-speed operation. According to the latest assessment by Goldman Sachs ETF business

After rising 25% in one month, the US biotech sector plunged on Friday.

After rising 25% in one month, the US biotech sector plunged on Friday.

``` The US biotech sector suffered a large-scale sell-off on Friday, as previously accumulated substantial gains triggered concentrated profit-taking, with the sector ETF representing a single-day decline of 4%. Moderna's stock price fell 11% to $68.50, ImmunityBio dropped 8% to $8.16, and Sarepta Therapeutics fell 8% to