Market Information Tuesday 28 July 2026

Hong Kong’s exports surged 53.4 %year on year in June, the largest increase since 1984, reaching a record value of 641.1 billion Hong Kong dollars. The growth followed a 40.8 % increase in May and was driven by strong demand for AI-related electronic products, including electrical machinery, data processing machines and telecommunications equipment. Almost all of Hong Kong’s trade consists of re-exports, positioning the city as a key conduit for high-tech goods linked to China’s AI trade.

Australia’s housing market is experiencing its worst slowdown since the pandemic, with prices in Sydney and Melbourne down nearly 5.0% this year. The Reserve Bank of Australia raised interest rates three times between February and May, while tax changes curbed negative gearing for investors. Mortgage inquiries decreased by 14.0% in June year on year. Bank shares dropped 12.0% since February, and New South Wales cut its stamp-duty forecast by 5.3 billion Australian dollars.

Falling crude oil prices hit agricultural markets on Monday. Soybean futures in Chicago decreased 3.6%, their steepest drop in over two months, while soybean oil decreased more than 3.0%. Palm oil in Kuala Lumpur declined 1.2% from its highest level since April. A temporary US-Iran ceasefire eased Middle East tensions, cutting oil prices by up to 11.0% intraday and reducing demand for these crops as biofuel alternatives. Wheat and corn prices also retreated after recent gains.

The 6M Euribor increased with 2 basis points to 2.72% compared to previous business day. The 10Y Swap decreased with 5 basis points to 3.16% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.