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Hong Kong close: Hang Seng Index down 0.51%, Hang Seng Tech down 0.75%. Kuaishou Technology (01024.HK) fell more than 12% after Tencent reduced its stake. Storage-related names slid: 03986.HK dropped over 12%, 06809.HK fell over 10%.

2026-07-07

Hong Kong close: Hang Seng Index down 0.51%, Hang Seng Tech down 0.75%. Kuaishou Technology (01024.HK) fell more than 12% after Tencent reduced its stake. Storage-related names slid: 03986.HK dropped over 12%, 06809.HK fell over 10%.

Other News
2026-07-07

Just one day after its formation, the Samsung SDS union in South Korea formally demanded collective bargaining from management. The union launched its membership application process on the afternoon of July 6th, attracting over 2,000 members within a

Just one day after its formation, the Samsung SDS union in South Korea formally demanded collective bargaining from management. The union launched its membership application process on the afternoon of July 6th, attracting over 2,000 members within approximately two hours; by around 1:30 PM the following day (July 7th), membership had surged to 4,342. Samsung SDS has approximately 11,000 employees, and the union's goal is to gain over 5,500 members, representing a majority of more than half of the workforce. Samsung SDS previously distributed performance bonuses in cash; the company plans to change this to company stock equivalent to 20% of annual salary. Currently, employee voting on this plan is underway and will close at midnight on July 7th. Employees opposing the reform argue that stock-based bonuses are linked to external indicators such as stock price fluctuations, industry indices, and the external environment, making them difficult to liquidate and not included in retirement pension calculations, thus putting employees at a disadvantage.
2026-07-07

CFTC: For the week to June 30, speculators cut net short positions in CBOT ultra‑long U.S. Treasury futures by 31,431 contracts to 286,669; cut 10‑year Treasury futures net shorts by 26,375 contracts to 808,891; cut 2‑year Treasury futures net shorts

CFTC: For the week to June 30, speculators cut net short positions in CBOT ultra‑long U.S. Treasury futures by 31,431 contracts to 286,669; cut 10‑year Treasury futures net shorts by 26,375 contracts to 808,891; cut 2‑year Treasury futures net shorts by 31,265 contracts to 1,287,581; cut aggregate U.S. Treasury futures net short by 85,263 contracts to 90,780. Five‑year Treasury futures net Shorts rose by 19,241 contracts to 1,320,510.
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