At an analyst meeting, Deguan New Materials said it previously produced and sold capacitor film and retains technical know‑how for BOPP capacitor film; the business was suspended due to aging equipment. The company will monitor downstream demand and upstream supply and will cautiously consider restarting the business based on market application development and its own technical readiness.

Hong Kong stocks closed higher; HSI rose 0.33% and the Hang Seng Tech Index gained 1.81%. Total turnover was HKD 322.9 bln. Semiconductors, memory, CROs, optical communications and mobile gaming led gains, while domestic retail, China-based brokers, power equipment and rare-earths were among the biggest decliners. Notable movers: 01347.HK up over 15%, 00981.HK up nearly 9%, 02359.HK up over 8%, 00700.HK up over 3%; 00100.HK down over 7%, 03678.HK down nearly 6%, 06680.HK down over 4%, 00968.HK down nearly 4%, 02628.HK down over 3%.

Germany's June Ifo business climate rose to 85.6, matching market forecasts. After plunging in April to its lowest since Oct 2022, business sentiment has continued a modest rebound from May into June, but the recovery remains limited and the index sits in its weakest range since early 2025. The worst impact of the Middle East shock appears to have eased as energy-price pressures abate, providing short-term support to sentiment. Both the current assessment and expectations components improved, offering some hope for an H2 pickup in the German economy. However, stagflation risks persist: if the Strait of Hormuz situation remains unchanged, the global economy will need to adapt to a new normal, and that adjustment could keep euro-area activity under further pressure before any sustained improvement.