ChiNext 50 index ETFs traded CNY 3.698 bln today, up CNY 971 mln (35.61%) versus the previous trading day. Huaan ChiNext 50 ETF (159949) turnover was CNY 2.954 bln, up CNY 844 mln (39.99%). Harvest ChiNext 50 ETF (159373) turnover was CNY 80.36 mln, up CNY 44.93 mln (126.85%). Invesco Great Wall ChiNext 50 ETF (159682) turnover was CNY 402 mln, up CNY 35.41 mln (9.67%). By day-on-day increase, Fullgoal ChiNext 50 ETF (159371) and Harvest (159373) led gains, rising 131.82% and 126.85% respectivel

Elliot Hentov, chief macro policy strategist at State Street Global Advisors, said renewed escalation in the Middle East is unlikely to fundamentally alter the market outlook. Since April there has been little new evidence on either side’s willingness to escalate; neither side appears to seek a full resumption of hostilities, so the conflict may eventually subside. In SSGA’s spring war scenario the firm assumes Brent crude near $80/bbl for the remainder of the year to reflect residual risk under any ceasefire.

The Hang Seng Index (HSI) opened on July 9 (Thu) down 18.12 pts (-0.07%) at 24,181.34; the Hang Seng TECH Index opened up 13.95 pts (+0.29%) at 4,744.97; the Hang Seng China Enterprises Index (HSCEI) opened up 0.27 pts (0.0%) at 8,083.95; the Red Chip Index opened down 9.41 pts (-0.24%) at 3,865.52.