Oil Prices Climb as Trump Escalates Iran Pressure, Strait of Hormuz Risks Grow 
UBS Boosts China Tech Bets, Adds Kuaishou and Meituan to Focus List 
China Q2 2026 GDP Misses Forecast as Weak Domestic Demand Offsets Export Strength 
Oil Prices Rise as U.S. Strikes on Iran Raise Strait of Hormuz Supply Fears 
Asian Stocks Slide as Nikkei Leads Losses on Tech Selloff and Rising U.S.-Iran Tensions 
Port of Los Angeles Posts Record June Cargo Volume as Importers Rush Ahead of U.S. Tariffs 
Japan Core Inflation Seen Rising in June, Strengthening BOJ Rate Hike Outlook 
U.S. Imposes 25% Tariff on Select Brazilian Imports After Section 301 Trade Investigation 
Brazil Weighs IP Curbs, Patent Suspensions After New U.S. Tariffs 
Brent Oil Jumps 16% for Best Week Since April as US-Iran Conflict Fuels Supply Fears 
Gold Prices Slip as Oil Rally Fuels Inflation Fears, Strengthens Dollar 
Asian Currencies Hold Steady as Middle East Tensions Offset Weaker US Dollar 
Wall Street Ends Lower as AI Selloff, Iran Tensions Weigh on Tech Stocks 
ECB's Kocher Says No Inflation Spillover Yet From Iran Conflict, Warns Risks Remain 
US Stock Futures Hold Steady as Soft Inflation Data Eases Fed Rate Hike Fears 
South Korea Raises Interest Rates to 2.75% as Inflation and Weak Won Drive Tightening 
Malaysia Q2 Economy Grows 5.8%, Beating Forecasts on Strong Tech Exports and Domestic Demand 
China's Central Bank Initiates 800 Billion Yuan Funding Schemes
On Friday, the People's Bank of China (PBOC) launched two significant funding schemes, injecting up to 800 billion yuan ($112.38 billion) into the stock market through new monetary policy tools aimed at fostering capital market stability.
The PBOC detailed the operational aspects of the swap and lending schemes, initially announced in late September, designed to support the "steady development" of China's capital markets. Recent market optimism has dwindled, leading to caution over the implementation of Beijing's stimulus plans. The benchmark CSI300 Index rose 0.8% on Friday, recovering from early losses.
The swap scheme, valued at 500 billion yuan, allows brokerages and fund management firms to secure liquidity through asset collateralization to purchase stocks. Currently, 20 companies have been approved for participation, with initial applications exceeding 200 billion yuan.
Additionally, the PBOC introduced a lending program worth 300 billion yuan, enabling financial institutions to borrow for share purchases by listed companies and their major shareholders at competitive interest rates.
These measures follow a meeting between China's financial regulators and key institutions, emphasizing the need for rapid implementation of policies to support economic growth and market stability.
