China's CSI 300 Index closed up 29.88 points, or 0.62%, at 4,842.17 on Friday, July 3; the Shanghai Composite rose 14.74 points, or 0.37%, to 4,043.64; the Shenzhen Composite gained 98.70 points, or 0.64%, to 15,597.51; the ChiNext Index edged up 2.66 points, or 0.07%, to 4,019.93; the STAR 50 Index slipped 11.69 points, or 0.59%, to 1,975.60.

Sources: Kuwait's crude production averaged 1.65 mln bpd in June, up from 578,000 bpd in May. Production briefly rose to 1.9 mln bpd during the final 10 days of June.

BofA says investors sold U.S. equities at the fastest pace since March. A Michael Hartnett-led team, citing EPFR Global, reports $17.2bn of outflows in the week to July 1 — the first weekly redemption in three months after strong inflows earlier this year. Flows favored international stocks: Japan saw the largest inflow in seven weeks at $1.9bn. Continued skepticism over AI-driven valuations weighed on chip names; the Philadelphia Semiconductor Index fell about 11% over the past two trading days.