騰訊控股(00700.HK)漲超4%，快手(01024.HK)開跌6.8%，騰訊減持快手套現百億港元。

China's pig market has staged a short-term rebound: the national average price for crossbred live hogs rose from 9.47 yuan/kg on June 26 to 11.06 yuan/kg on July 6, a 10-day consecutive gain of 1.59 yuan/kg (+16.8%), returning above 10 yuan/kg after roughly four months. Discounted prices for culled sows fell sharply. Authorities have again intensified calls to accelerate herd reduction. Market participants are debating whether the cycle has reached a 'super bottom' and the related investment opportunities. On July 6 the Shenwan Agriculture, Forestry, Animal Husbandry & Fishery index rose 2.57%; sector names were broadly higher — Juxing Agriculture hit the daily limit, New Hope +7.52%, Tianbang Foods +6.61%, with Wens and Muyuan also up.

Samsung reported record profit but its shares fell about 8% as investors highlighted three market-relevant issues. First, the profit surge was largely driven by DRAM/NAND price gains in the memory supercycle — an industry-wide beta rather than Samsung-specific alpha; SK hynix and Micron also slid, signaling markets are repricing whether the cycle has peaked rather than re-assessing Samsung alone. Second, revenue slightly missed expectations, revealing volume and product‑mix weakness; Samsung trails SK hynix on HBM3E/HBM4 — high-bandwidth memory crucial for AI servers — implying it missed the highest-margin segment. Third, results include a one-off employee bonus accrual, lowering earnings quality. Market takeaway: headline strength was cyclical and partly one-off, so the stock decline reflects a repricing of the memory cycle peak rather than a straightforward earnings shock from company operations.