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Alibaba (BABA.N) shares rose more than 3% in pre-market trading.
ASML (ASML.O): The net sales share of the Chinese market is expected to be approximately 20% in 2026.
A drone crashed in the Iraqi port of Fao, causing no damage.
Gold prices retreated on Wednesday after rising more than 2% in the previous trading session. Investors digested weaker-than-expected US inflation data while continuing to assess the risks posed by the Iran war and its impact on energy prices. An analyst at MUFG Financial Group stated, "Falling gasoline prices helped ease inflationary pressures, prompting investors to reduce their bets on further monetary policy tightening, thus supporting the gold price rebound." However, the analyst pointed out that renewed tensions between the US and Iran, along with rising oil prices, could still increase inflation risks. Meanwhile, Federal Reserve Chairman Warsh reiterated that further monetary policy tightening remains an option if price pressures persist.
The Hang Seng Index closed up 340.37 points, or 1.4%, at 24,681.1 on Wednesday, July 15; the Hang Seng Tech Index closed up 61.03 points, or 1.3%, at 4,740.49; the H-share Index closed up 81.3 points, or 1.0%, at 8,184.38; and the Red Chip Index closed up 9.14 points, or 0.23%, at 3,944.54.