At a July 10 press briefing, China’s foreign ministry said it announced yesterday that North Korean premier Pak Thae-song is visiting China and that both sides have agreed to jointly hold commemorative events for the 65th anniversary of the China–North Korea Treaty of Friendship, Cooperation and Mutual Assistance. Details will be released in due course.

Fed's WILLIAMS said ample reserves are a condition of the money market, not a specific numeric level.

Huatai Securities research: the recent deep selloff in A‑share nonferrous metals leaders primarily reflects valuation compression, not earnings damage. As of July 6, iFind consensus 2026E EPS for related companies has been revised up over the past ~180 days, indicating intact earnings outlooks. As of July 3, China Securities gold, aluminum and copper subindex PE‑TTM sit at the 11.7%/5.1%/42.1% percentiles since 2020; relative to All‑A PE‑TTM they are at the 0.2%/0.0%/0.1% percentiles. With easing US‑Iran tensions and marginally firmer risk appetite, Huatai says commodity fundamentals remain strong while valuations are at historic lows; downside for A‑share metals leaders may be limited and upside optionality notable — a high‑reward trade window relative to offshore pricing.