The Hang Seng Tech Index's decline widened to 1%, and the Hang Seng Index is now down 0.37%.

Important News: 1. The U.S. unadjusted Consumer Price Index (CPI) annualized rate remained unchanged at 2.7% in July. The U.S. core CPI annualized rate reached 3.1% in July, a five-month high. 2. Following the release of the U.S. CPI data, U.S. short-term interest rate futures fell, as traders continued to bet on the Federal Reserve cutting interest rates in September and December. Individual Stock News: 1. Ford Motor (F.N) recalled over 100,000 F-150 vehicles in the U.S. 2. Tesla (TSLA.O) launched its longest-range model, with a starting price of $269,500. 3. According to the Wall Street Journal, an explosion at a U.S. Steel (X.N) plant killed two people and injured ten. 4. Trump's stance on Intel's CEO suddenly reversed, calling him a "model of success" after having called for his resignation days earlier. 5. Circle (CRCL.N), the "first stablecoin stock," reported second-quarter revenue of $658 million, a year-on-year increase of 53%, while its net loss was $482 million. 6. AMD (AMD.O) executive: AMD will provide 100,000 hours of GPU cloud computing services free of charge to Malaysian researchers and developers. 7. Micron Technology (MU.O): It will halt new product development for Micron Mobile and related products worldwide and will discontinue the UFS 5 series from the company's product roadmap. 8. Nvidia (NVDA.O) responded to the US's imposition of a 15% "transaction license tax" on licensed AI chip exports to China: It will abide by the rules set by the US government for participating in the global market and will continue to serve as many customers as possible within those rules. 9. Elon Musk: Apple's (AAPL.O) actions make it impossible for any AI company other than OpenAI to rank first on the App Store, which constitutes a clear antitrust violation. xAI will take immediate legal action.

[Futures Market Monitoring Tool Exclusive Article] On one hand, sellers are confident, while on the other hand, coking plants are slowing down their purchases. Who is right and who is wrong in the coking coal market? Faced with strong forward contracts and downstream resistance, how should the current coking coal market be navigated?