Week Jun 22–26 — A‑shares traded lower overall: Shanghai Composite -1.55%, Shenzhen Composite -1.55%, ChiNext -1.37%; Sci‑Tech Innovation 50 +6.32%. Major funds recorded a combined net outflow from Shanghai/Shenzhen of 216.9bn yuan. Heavy selling hit

Israeli Prime Minister Netanyahu said Hezbollah has lost 90% of its rocket stockpile.

Domestic News: 1. my country achieves significant breakthrough in the research and development of superconducting magnets for nuclear fusion reactors. 2. Wuhan Optics Valley introduces a package of new policies for science and technology finance, aiming to have over 100 listed companies. 3. National Bureau of Statistics: Industrial enterprise profits increased by 18.8% year-on-year in the first five months, with the electronics industry contributing over 40%. 4. Vice Premier Zhang Guoqing emphasized the need to strengthen the deep integration of scientific and technological innovation and industrial innovation during his research visit to Zhejiang. International News: 1. US Secretary of State Rubio: Pushing for Trump's visit to India early next year. 2. The US government may lift restrictions on the Anthropic Fable 5 model as early as next week. 3. ECB Executive Board member Schnabel: Price pressures may remain stronger than expected, and further interest rate hikes are anticipated. 4. A magnitude 6 earthquake struck the Hindu Kush region of Afghanistan, with tremors felt strongly in the capital, Kabul. 5. Middle East Situation— ① Israeli Army Radio: The Israeli army will reduce its forces in southern Lebanon and withdraw several combat brigades. ② The Joint Maritime Information Center raised the maritime security threat level in the Strait of Hormuz from "moderate" to "high". ③ Following the Iranian Revolutionary Guard's strikes on vessels violating regulations, more ships are seeking permission from Iran. ④ After the framework agreement reached between Lebanon, Israel, and the US, the Israeli military launched another attack on southern Lebanon. ⑤ Hezbollah declared the Lebanon-Israel framework agreement invalid and refused to link Israeli troop withdrawal with Hezbollah's disarmament. ⑥ The US launched another military strike against Iran. Following the US strikes against Iran, Iranian drones attacked Bahrain, and oil tankers were attacked in the Strait of Hormuz.