Since October of last year, hedge funds have once again concentrated their buying on technology stocks.
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Bitcoin ETF inflows hit $1.9B in strongest week since October 2025
US spot Bitcoin ETFs attracted $1.92 billion last week, their strongest weekly inflow since October 2025, as Bitcoin briefly climbed above $78,000 on Friday.
Hong Kong Stock Exchange: Average daily turnover in the first half of 2026 increased by 18% compared to the same period last year.
PANews reported on July 7th that, according to a report by Cailian Press, the Hong Kong Stock Exchange announced that the average daily turnover in the first half of 2026 was HK$283 billion, an increase of 18% compared to HK$240.2 billion in the same period last year; the average daily turnover of exchange-traded funds (ETFs) was HK$39.6 billion, an increase of 17% compared to HK$33.8 billion in the same period last year; and the average daily turnover of leveraged and inverse products was HK$8.8 billion, an increase of 110% compared to HK$4.2 billion in the same period last year. The average daily turnover in June 2026 was HK$319.1 billion, an increase of 9% compared to HK$292.9 billion in the previous month and an increase of 39% compared to HK$230.2 billion in the same period last year.
Trump: The United States launched a strong strike against Iran last night because it fired rockets at ships.
According to Odaily Odaily, US President Trump stated that the US launched a strong strike against Iran last night because Iran fired rockets at ships. In addition, Trump stated that the United States has long been "unfairly treated" within NATO, bearing a disproportionate share of the costs; Greenland is a major issue for the United States; and he has instructed Treasury Secretary Bessenter to terminate all trade with Spain, calling Spain a "bad partner" in NATO. (Jinshi)
Australian superannuation fund UniSuper plans to buy tech stocks on dips, ignoring concerns about an AI bubble.
According to Mars Finance, on July 8th, UniSuper, one of Australia's largest pension funds, is seeking to buy into US tech stocks during a pullback, ignoring concerns about high valuations and betting that artificial intelligence will drive earnings growth in the coming years. John Pearce, the fund's chief investment officer, stated that the fund is structurally overweight in US tech stocks because they are at the "sweet spot" of the AI spending cycle, and would increase its holdings even if the sector pulls back by 10%. This bullish stance highlights the growing divergence among investors regarding the long-term prospects of US mega-cap tech stocks—which are currently retreating from their record highs reached last month. Pearce stated, "Everyone is talking about a bubble, but valuations don't reflect that. We know they're investing heavily in capital expenditures, but they are fundamentally sound companies with strong growth prospects, so we're very happy to continue long." UniSuper, with assets under management of A$166 billion (approximately US$115 billion), has maintained an overweight position in US tech stocks for several months. International equities account for about 35% of its default investment strategy, with Nvidia, Microsoft, and Apple being its largest holdings.
The U.S. Treasury Department issued a revised general license concerning Iran, lifting sanctions against the country.
According to ChainCatcher, citing Jinshi, the U.S. Treasury Department has released a revised general license concerning Iran, indicating that the U.S. is lifting sanctions against Iran.
Naver's $9.9 billion stock swap deal with Dunamu has been delayed again until the end of the year, while South Korea's digital asset law remains unresolved.
According to BlockBeats, on July 7, Naver Financial and Dunamu postponed the completion date of their full share swap transaction to December 31, marking the second delay in the deal. The deal to merge Dunamu, the operator of South Korea's largest crypto exchage Upbit, into Naver's financial sector was originally scheduled to close on September 30. Dunamu disclosed a new timeline on the 6th through corrections to its initial filing last November, but incomplete digital asset legislation and pending antitrust reviews remain major uncertainties. The company has postponed its extraordinary general meeting of shareholders from August 18 to November 19, and the shareholder confirmation date has been reset to October 22. Several government approvals are still required before the transaction can be completed, including approval from the Korea Fair Trade Commission (FTC) for the merger, approval for the change of Naver Financial's largest shareholder under credit information regulations, and acceptance of the filing for the change of Dunamu's largest shareholder under specific financial transaction information laws. Dunamu stated that progress at any of these stages could further extend the timeline or even cause the transaction to change. Dunamu also pointed out that the Digital Assets Basic Law, currently under consideration in Congress, is a real variable affecting the progress and outcome of transactions. As this bill is being enacted, regulators are also simultaneously considering implementing bank-style no-fault liability rules for exchanges, requiring platforms to compensate users for losses caused by hacker attacks.