South Korea's KOSPI index rose 4.0% intraday; SK Hynix extended gains to 9%.

On July 9 the National Health Commission and two other agencies published the 2026 National Essential Medicines List, effective Sept. 1. Semaglutide is included but restricted to diabetes treatment and does not cover weight‑loss indications. Novo Nordisk is currently the sole supplier in China; more than 10 domestic firms have filed marketing authorization applications for generic versions. Novo says the compound patent expired in China earlier this year but regulatory data exclusivity runs until Q2 next year, after which generics could legally enter the market.

进入AI时代，自由现金流正在从“买算力的人”流向“卖算力的人”。美国银行预测，2025-2027年期间，大量资金将以前所未有的速度从互联网巨头流入半导体公司。 当然这不是说亚马逊、微软、谷歌这些公司突然不赚钱了，而是因为它们正在疯狂投入数据中心、GPU等AI领域，他们就是“买算力的人”。因此即使经营业务还很强，只要AI资本开支暴增，自由现金流也会被压下去。