The week from June 28th to July 6th is packed with significant financial and economic events, all times listed are Beijing Time.
Key Focus for the Upcoming Week
On the macro policy front, the US June non-farm payrolls report, due on July 2nd, will be in the spotlight. Stronger-than-expected data could reinforce expectations for Federal Reserve interest rate hikes, especially following hawkish signals from the Fed's June meeting and Chair Walsh. In China, the official Manufacturing Purchasing Managers' Index for June will be released on June 30th, with markets anticipating a slight rebound from the stagnation level of 50. Furthermore, the European Central Bank's annual Central Banking Forum in Portugal from June 29th to July 1st will feature speeches from heavyweight figures including Fed Chair Walsh, ECB President Lagarde, and Bank of England Governor Bailey. Markets will be highly alert to whether Walsh maintains a hawkish stance, making this a crucial policy indicator ahead of the US jobs data.
On the industry front, the AI-driven global price surge and Samsung's "4 trillion" investment plan are drawing significant attention. Entering July, over ten semiconductor giants, including Murata, Infineon, Texas Instruments (ASX: TXN), and Yangzhou Yangjie Electronic Technology Co.,Ltd. (ASX: 300373), are collectively raising prices by up to 40%, impacting nearly all IC design firms in Taiwan and putting pressure on the entire supply chain from upstream materials to end chips. Separately, the Samsung Group plans to announce a decade-long, 1000 trillion won (approximately 4 trillion RMB) domestic investment plan for South Korea on June 29th, the largest in the country's corporate history, with chip manufacturing as a core focus.
Other notable events include Nike's earnings report, the Davos Tech Summit (focusing on Physical AI & Robotics), and the Shanghai Embodied Intelligence Expo, which will provide catalysts for the tech and robotics sectors. Additionally, US President Trump announced plans to hold "the biggest Trump rally ever" in Washington on July 4th, Independence Day, and deliver a keynote speech. The US-Iran situation also warrants attention.
Economic Indicators
The US June non-farm payrolls report, scheduled for July 2nd, is expected to show an addition of 113,000 jobs with an unemployment rate of 4.3%. Robust employment and wage data could solidify expectations for Fed rate hikes, following the hawkish tone from the June FOMC meeting and Chair Walsh. The ADP employment report will also be released on July 1st.
China's official Manufacturing PMI for June will be published on Tuesday, June 30th. The May PMI registered 50.0, a 0.3 percentage point drop from the previous month. Markets anticipate a slight increase for June. The Caixin Manufacturing PMI, which focuses more on export-oriented firms, will be released on July 1st.
South Korea's June export data, due on July 1st, is forecast by Bloomberg Economics to show a year-on-year increase of 62.5%, driven by AI chip demand, with chip exports surging 188.4% in the first 20 days of June. Additionally, the Bank of Japan's Tankan business sentiment survey for Q2 will be released on July 1st. The large manufacturers' index is expected to hold steady at 17, supported by demand from the automotive and AI sectors. Solid data would bolster the case for the BOJ to continue withdrawing stimulus.
Financial Events
The ECB Central Banking Forum in Portugal from June 29th to July 1st will gather global central bank officials to discuss topics like accelerating growth, AI, and financial stability. The market's primary focus will be on a speech by Fed Chair Walsh on the evening of July 1st. A continuation of his hawkish tone would further strengthen market expectations for Fed rate hikes. Speeches by ECB President Lagarde and BoE Governor Bailey will also keep the global monetary policy outlook in focus.
US President Trump announced he will hold "the biggest Trump rally ever" in Washington on July 4th and deliver a keynote speech. He is also scheduled to attend an event at Mount Rushmore on July 3rd.
According to reports, Samsung Group will announce a ten-year, over 1000 trillion won advanced industry investment plan in South Korea on June 29th. This would be the largest corporate investment in the country's history, equivalent to half its GDP. The plan reportedly includes 300 trillion won to build chip factories in the southwest region. Against a backdrop of record profits in the semiconductor boom, this move aims to maintain technological leadership, find new growth engines, and support government regional development policies.
Tesla Motors (ASX: TSLA) is widely adjusting its FSD (Full Self-Driving) sales model globally to a subscription-only basis. The buyout option will be removed from websites in Hong Kong, Macau, and Taiwan after June 30th, officially transitioning to a subscription model. A clear timeline for mainland China has not been announced.
The People's Bank of China announced it will add an overnight reverse repo operation to its open market operations on June 29th and 30th. This move to strengthen overnight rate regulation is seen as better aligning with the structure of China's interbank market.
NetEase stated in an exchange filing that it will transition to a dual-primary listing on the Hong Kong Exchange starting June 30th.
The industry standard "Safety Traffic Specification for Road Testing and Demonstration Application of Intelligent Connected Vehicles" will take effect on July 1st.
July Price Surge: Chip Prices on the Rise
A global industry-wide price surge driven by AI demand is accelerating in July. According to incomplete statistics, over ten leading semiconductor and related companies have announced or previewed price increases effective July 1st, covering multiple critical links from upstream materials to terminal chips.
Murata is raising prices for AI server and automotive-grade MLCCs by 10%-40%, Nippon Sanso is increasing ammonia gas prices by over 30%, MediaTek has previewed chip price hikes, while Infineon and Texas Instruments (ASX: TXN) are implementing their second price increases this year. Power semiconductor firms like Yangzhou Yangjie Electronic Technology Co.,Ltd. (ASX: 300373) and Li-On Micro are raising prices by 10%-15%. Reports indicate this round of increases affects nearly all IC design firms in Taiwan. Analysts note that AI-related demand is pushing up inflation, and the focus will be on whether the price hikes can be passed through and their impact on end demand.
Specifically: Yangzhou Yangjie Electronic Technology Co.,Ltd. is raising prices for its full product line by 10%-15% due to rising costs. Murata is increasing prices for AI server and high-end automotive MLCCs by 10%-40%. Infineon and Texas Instruments (ASX: TXN) are implementing another round of price hikes effective July 1st. Nippon Sanso announced ammonia product price increases averaging over 30%. Huada Electronics is adjusting MCU prices appropriately. MediaTek has notified customers of impending price increases in July, with reports suggesting similar moves by other Taiwanese IC design houses. Due to rising storage costs, Hikvision may adjust hard drive prices. Effort Robotics is raising prices for its spray painting robot series by 5%-8%. Major CCL manufacturers like Kingboard are expected to raise prices by 10%-15%. Panasonic will increase SP-Cap capacitor prices by 5%-30%. Li-On Micro and Geehy Semiconductor are also implementing price hikes. Youtai Semiconductor is raising prices for its full product line by 15% to 30%.
Industry Summits
The Davos Tech Summit 2026, focusing on "Physical AI & Robotics," will be held in Davos, Switzerland from July 1st to 4th, featuring live demonstrations and keynotes from industry leaders.
The 2026 Beijing Space Computing Conference will take place in Haidian from June 29th to 30th, featuring the inauguration of an industrial innovation center.
The 2026 China Intelligent Computing Industry Ecosystem Development Annual Meeting, focusing on GW-level Token factories, will be held in Shenzhen on June 30th.
OPEC+ member countries will hold their next meeting on July 5th.
The Shanghai International Embodied Intelligent Industry Expo will be held from July 2nd to 4th.
The electronica Shanghai exhibition, a key event in the electronics industry focusing on AI chips, automotive electronics, advanced packaging, and power semiconductors, will run from July 1st to 3rd.
The Global OPC Co-Creation Festival, an event parallel to the 2026 Global Digital Economy Conference, will be held in Beijing from July 1st to 4th.
Corporate Earnings
The upcoming week is relatively quiet for US and Hong Kong earnings season, but some heavyweight companies are reporting. Sportswear giant Nike is scheduled to release its Q4 FY2026 results after the market close on June 30th. South African media and internet investment giant Naspers and its subsidiary Prosus will also report.
For A-shares, CSSC Special Gas will disclose its semi-annual report on July 18th, becoming the first Shanghai-listed company to report 2026 interim results. With the interim reporting season approaching, market focus is gradually shifting from thematic trading to earnings validation, with growth sectors remaining a key investment theme.
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