[Morning News] July 31, 2026

English summary

### [Morning News] July 31, 2026 Time: 2026-07-31 08:42:01 Content: First, core views: Overnight global markets saw dramatic reversal, US tech stocks surged across the board, Nasdaq +2.78%, Philadelphia Semiconductor Index +8.19% ending five consecutive declines, Microsoft +15.51% largest single-day gain since October 2008, single-day market cap surge of about $450 billion setting a record in stock market history, storage and optical communication sectors rebounded violently, SanDisk +26%, Micron +18%, SK Hynix +17%. At the same time, on July 30, the Political Bureau of the CPC Central Committee set the tone for H2 economic work, emphasizing 'timely planning and introduction of pragmatic incremental policies, increasing counter-cyclical adjustment intensity', and explicitly stating 'deepen comprehensive reform of capital market investment and financing, enhance capital market resilience and confidence'. Offshore RMB against USD reported 6.7527 yuan, hitting intraday high since February 2023. ...