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The Eurozones preliminary July CPI annual rate was 2.9%, below the expected 2.90% and the previous reading of 2.80%.The Eurozones core CPI annual rate preliminary reading for July was 2.2%, below the expected 2.3% and the previous reading of 2.1%.US semiconductor stocks continued to rise in pre-market trading, with TSMC (TSM.N) up more than 4%, ASML (ASML.O) up 3.2%, Arm (ARM.O) up 4.8%, and Broadcom (AVGO.O) up more than 1.3%.On July 31st, Hong Kong stocks opened slightly lower this morning after four consecutive days of gains. The Hang Seng Index opened 21 points lower at 25837, and the market briefly dipped below the 250-day moving average, falling as much as 235 points to a low of 25622. It then gradually stabilized and rebounded, even turning positive at one point during the session. In the afternoon, the market continued to fluctuate around 25800. At the close, the Hang Seng Index rose 0.1%, with a gain of over 13% in July; the Hang Seng Tech Index rose 0.53%, with a gain of nearly 8% in July. The total turnover of the Hang Seng Index was HK$328.17 billion. On the sector front, storage concept stocks, AI newly listed stocks, and PCB concept stocks rebounded sharply, while brain-computer interface, electronic components, and commercial aerospace sectors also saw significant rebounds. Alcoholic beverages, consumer electronics, and mainland-traded stocks fluctuated and retreated, while automobile, paper, and dairy stocks weakened during the session. In terms of individual stocks, CSOPs double-leveraged long position in Hynix (07709.HK) surged over 67.5%, CSOPs double-leveraged long position in Samsung Electronics (07747.HK) surged over 48%, Zhipu (02513.HK) surged over 14.5%, MiniMax (00100.HK) surged over 13%, and Laopu Gold (06181.HK) surged over 10%; Xiaomi Group (01810.HK) fell over 7%, and Budweiser APAC (01876.HK) fell over 6.5%.The European Central Bank (ECB) reported that in June, the composite borrowing cost index for new corporate loans rose 15 basis points to 3.79%; the composite interest rate index for new household home loans remained largely unchanged at 3.51%. The composite interest rate for new corporate time deposits rose 17 basis points to 2.21%; the overnight corporate deposit rate rose 6 basis points to 0.59%. The composite interest rate for new household time deposits rose 13 basis points to 2.09%; the overnight household deposit rate remained largely unchanged at 0.28%.

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