On the A-share market, BOE Technology (A shares) turnover hit 30 bln yuan; shares are down 6.59%.

South Korean officials are preparing for foreign-currency inflows from an anticipated SK Hynix ADR offering, people familiar with the matter said. The $29.0 bln ADR is expected to be issued as early as Friday and to settle on July 14, after which proceeds may flow into the South Korean market. Officials expect SK Hynix to begin hedging the inflows in advance, likely via the forward FX market. An SK Hynix spokesman said the company was considering options but declined to provide details.

Onshore renminbi closed at 6.7804 per U.S. dollar at 16:30 on July 3, up 62 pips from the previous close.