As of July 3, Shanghai Stock Exchange margin balance stood at CNY1,501.76 bln, down CNY13.20 bln from the prior session; Shenzhen Stock Exchange margin balance was CNY1,469.71 bln, down CNY6.47 bln. Combined margin balance CNY2,971.47 bln, down CNY19.67 bln.

Iranian parliament speaker Ghalibaf said he is first a warrior and only then a diplomat, and that Tehran must conduct negotiations while maintaining "combat readiness".

CITIC Securities says gold prices and gold stocks have been sharply oversold since the US–Iran conflict; gold equities now carry a wide margin of safety on PE and resource-based valuation metrics. It forecasts gold at USD 4,000–4,500/oz in Q3 2026; if market rate‑hike expectations are fully repriced, gold could return to USD 4,500–5,000/oz. The firm expects the gold sector to benefit from a simultaneous recovery in earnings and valuations and recommends broad allocation to the sector.