Philippine Foreign Minister: Tariffs will become one of the agendas for Philippine President Marcos when meeting with US President Trump.

Philippine President Marcos will visit the United States from July 20 to July 22.

According to Yonhap News Agency: South Korea, Japan and the United States conducted air exercises including U.S. strategic bombers.

South Korean trade official: The United States is very cautious in incorporating industry tariffs into trade agreements.

The Hong Kong stock stablecoin concept surged in the early trading, with Jinyong Investment (01328.HK) rising by more than 30%, with a market value exceeding HK$2.5 billion; Guotai Junan International (01788.HK) rising by more than 7%, OLS Group (00863.HK) rising by more than 5%, and individual stocks such as China Everbright Holdings (00165.HK) and Delin Holdings (01709.HK) following the rise. Recently, the Shanghai State-owned Assets Supervision and Administration Commission held a central group study meeting on the development trends and response strategies of cryptocurrencies and stablecoins.

The concept of Chinese securities companies in Hong Kong stocks strengthened sharply in the early trading, with Zhongzhou Securities (01375.HK) rising by more than 40%, and stocks such as Guolian Minsheng (01456.HK), Cathay Haitong (02611.HK), Shenwan Hongyuan (06806.HK), Oriental Securities (03958.HK) followed suit. On the news front, many unprofitable companies have recently accepted IPOs on the Science and Technology Innovation Board, with 150 IPOs accepted in June, accounting for 85% of the total in the first half of the year.