Citigroup raised its price target on TSMC to NT$3,800 from NT$2,875. The bank says TSMC, due to report Q2 results in mid‑July, may further lift 2026 revenue guidance on sustained demand for leading‑edge chips and improved long‑term visibility. Citigroup highlights TSMC's scale advantage as a key differentiator supporting wafer pricing, customer stickiness and sustainable gross margins amid intensifying foundry competition. The bank adds TSMC remains a primary beneficiary of ongoing AI semiconduc

Bloomberg reported Australia and Fiji signed a new defense pact aimed at countering China’s influence in the South Pacific. At a July 6 foreign ministry briefing, CHINA said its cooperation with Pacific island states is based on mutual respect, equality and win‑win cooperation, and that it does not engage in geopolitical rivalry or pursue political self‑interest. CHINA urged relevant parties to respect island autonomy, prioritize sustainable economic and social development, and avoid actions that target or harm third parties.

New York gold futures rose more than 1.0% intraday to $4,167.10/oz.