Germany's DAX index rose as much as 1% intraday.

On July 3, South Korea’s deputy prime minister and finance minister said the government will push major firms to invest over 312 tln won (~$204bn) in the southeast (Yeongnam) region to develop advanced manufacturing and AI. SK Group, Samsung, Hanwha and Hyundai Motor plan roughly 140 tln, 60 tln, 55 tln and 42 tln won respectively, targeting semiconductors, AI and aerospace; LG and Doosan are also expected to follow. The announcement includes a national space strategy centred on Sacheon to build a southern coastal space industry belt.

Five wildfires in Colorado have burned nearly 506 sq km as of the morning of July 2, state officials said. The largest, the Aspen X fire, ignited on the morning of June 29 in southern Colorado and had expanded to about 194 sq km by the evening of July 1. The Pueblo County sheriff's office said Aspen X has destroyed more than 180 structures and injured one firefighter.