At 21:34 ET, the Nasdaq Golden Dragon China Index surged over 2%, with Alibaba and Bilibili both climbing more than 6%.
US equities opened broadly higher at 21:30 ET as all three major indices advanced. The Dow Jones Industrial Average edged up 0.01%, while the tech-heavy Nasdaq Composite jumped 0.93% and the S&P 500 gained 0.53%. Most Magnificent Seven stocks rallied, spearheaded by Nvidia's nearly 5% leap following confirmation of resumed H20 chip sales in China. Semiconductor stocks broadly strengthened amid improving sector sentiment, with Advanced Micro Devices soaring over 5%. Chinese ADRs mostly rose, highlighted by Alibaba's 6%+ gain. 21Vianet rocketed 14% higher on market optimism toward China's cloud computing and data center industries, while The Trade Desk vaulted 13% after securing upcoming inclusion in the S&P 500 index.
Federal Reserve Governor Michelle Bowman urged financial institutions to enhance credit accessibility at 21:20 ET, advocating innovative approaches to serve Americans hampered by limited credit histories.
European benchmarks mostly extended gains by 21:16 ET. France's CAC 40 inched up 0.03%, Germany's DAX added 0.17%, and Britain's FTSE 100 rose 0.06%.
Pre-market futures showed divergent movements at 21:14 ET. Dow contracts dipped 0.09%, contrasting with S&P 500 futures' 0.41% rise and Nasdaq futures' 0.73% climb.
Significant AI developments emerged at 21:04 ET. The US government finalized plans to unveil an artificial intelligence action blueprint this month, while former President Donald Trump scheduled an AI-focused address for July 23.
S&P 500 and Nasdaq 100 futures hit session highs at 20:36 ET. Earlier economic data at 20:34 ET revealed June's unadjusted CPI rose 2.7% year-over-year, accelerating from May's 2.4% increase.
Gold maintained record-setting momentum according to the World Gold Council's 20:30 ET mid-2025 report. Bullion gained 26% in dollar terms during H1 2025, delivering double-digit returns across major currencies. Robust investment demand stemmed from dollar weakness, range-bound interest rates, and heightened geopolitical uncertainty.
OPEC's monthly report at 20:25 ET maintained 2025 global oil demand growth forecasts at 1.29 million barrels per day and 2026 projections at 1.28 million bpd. Worldwide consumption is expected to reach 106.36 million bpd in 2025 and 107.52 million bpd in 2026.
Advanced Micro Devices surged over 5% in pre-market trading at 19:27 ET after announcing resumed MI308 chip shipments to China. Rare earth producer MP Materials accelerated gains to 12% at 17:57 ET following reports of Apple's planned $500 million investment. Nvidia's pre-market rally reached 5% at 17:19 ET after CEO Jensen Huang confirmed US government approval to restart H20 chip exports to China.