The Dow rose nearly 2% to a new closing high, and Hang Seng Tech surged 5.72%.

ME News, July 6 (UTC+8), Quick Highlights from Desun Singularity:

·US Stock Performance: Last week, the three major indices all closed higher. The Dow Jones rose 1.97% to 52,900.07 points, setting a new all-time closing high. The S&P 500 gained 1.76%, and the Nasdaq rose 2.12%. Semiconductors underwent a concentrated sell-off, with the Philadelphia Semiconductor Index falling 4.37% for the week. Storage chip stocks such as SanDisk, Micron, and Western Digital slumped sharply. Platform technology took over: Apple rose 8.76% for the week, Google +6.67%, Meta +5.93%, Microsoft +4.70%. Capital shifted from chip hardware to platforms, software, and AI applications. Digital assets were active, with MSTR up 22.43% for the week and COIN up 11.02%.

·Hong Kong Stock Performance: Hong Kong stocks significantly outperformed A-shares. The Hang Seng Tech Index rose 5.72% for the week to close at 4,499 points, the Hang Seng Index gained 2.99%, and the Hang Seng China Enterprises Index rose 3.20%. The robotics chain surged (Unitree's IPO registration was approved, prompting over 40 stocks hitting daily limit up). Innovative drugs were catalyzed by the first review of medical insurance. AI hardware and sci-tech chips performed the weakest: the STAR 50 index fell 2.79% for the week, dropping 7.70% in a single day on Friday. Southbound capital net sold approximately 1.88B Hong Kong dollars during the week, and capital has not yet formed a strong continuous inflow.

·Crypto Market Dynamics: Bitcoin whales have accumulated over 270k BTC (approximately $16.7 billion) in the past two weeks, forming a clear divergence with the record outflows from spot Bitcoin ETFs. The market is in a structural phase of "institutional deleveraging and long-term capital accumulation."

·South Korea Industrial Policy: South Korea plans to use the additional tax revenue generated from the semiconductor industry boom to establish a future fund, which will be used to invest in economic growth engines and support the younger generation. The head of the Presidential Office of South Korea stated, "We must never waste the additional tax revenue from the semiconductor boom."

·ETF Market Data: In June, ETF net fund inflows reached $191 billion, the second highest in history; 214 new products were launched, setting a new historical record; trading volume reached $7 trillion, also the second highest level in history.

·New Trading Rules: The after-hours fixed-price trading on A-shares has been expanded to all A-shares and ETFs. The daily price fluctuation limit for risk-warning stocks on the main board has been adjusted from 5% to 10%, officially implemented today.

·Other Highlights: Cisco released its next-generation data center architecture Nexus One, restructuring the network system for AI workloads. AI investment research platform LinqAlpha completed a $22 million Series A funding round. Hong Kong's Financial Secretary stated that over 70% of global offshore RMB settlements are done through Hong Kong, with a monthly settlement scale exceeding 41 trillion yuan. The Fed's June meeting minutes will be released this week, with the market focusing on the divergence in officials' stances under Warsh's "hands-off" management. (Source: Desun)