HKEX said average daily turnover in June 2026 was 319.1 billion yuan, up 9% from May's 292.9 billion and up 39% from 230.2 billion a year earlier.

WSJ reports Silicon Valley startups are receiving a surge in free compute and token credits as AI model vendors compete for new enterprise clients. Cursor, the AI coding firm acquired by SpaceX, offered a 75% discount through July 5. OpenAI and Anthropic sales teams are presenting highly generous terms. Some founders say fundraising has been delayed and they can negotiate between AI vendors. Combined cloud and token credits from some providers can exceed $3m, roughly the median US seed round. Google Cloud is granting select startups up to $500k in cloud credits plus early access to Gemini; Microsoft and AWS are offering similar packages. Vendors are pushing such deals to lock in early customers and secure durable revenue while facing competition from increasingly capable free and lower-cost models.

CFTC: hedge funds' net short positions in the yen rose to their most bearish level since 2007.