Hong Kong launched a central clearing system for gold and resumed gold futures trading as it pushes to strengthen its role as a regional bullion hub. The city also rolled out “Delivery Connect” with the Shanghai Gold Exchange to facilitate cross-border gold delivery and settlement. Authorities said they will consider launching yuan-denominated gold futures and introduce tax incentives to support trading and settlement, according to Reuters.

Fitness and active lifestyle platform Cultfit has filed its draft red herring prospectus (DRHP) with India’s Securities and Exchange Board of India (SEBI) for an IPO featuring a Rs 950 crore fresh share issue. The offering will also include an offer for sale (OFS) of up to 178.6 million shares by existing investors and individual shareholders. The total offer size will be finalised after the price band is set.

Opendoor Technologies (NASDAQ: OPEN) shares surged 3.88% to close at $5.09 on July 6, 2026, driven by heavy volume following its Russell 3000 index inclusion. While CEO Kaz Nejatian’s Opendoor 2.0 efficiency metrics showcase faster asset turnover, persistent net losses keep this digital real estate platform firmly in the speculative spotlight.

Gold prices slipped from a two-week high on Monday, with spot gold down 0.3% to $4,163.64 per ounce. The U.S. dollar index rose 0.1%, weighing on bullion. After weaker U.S. June jobs data, markets cut the probability of a Fed rate hike in September to about 57%. Investors are now awaiting the Fed meeting minutes due Wednesday to assess the policy outlook.

Gold and silver futures extended their decline for a second session on India’s MCX on Tuesday, with August 2026 gold down Rs 960 at Rs 1,45,958 per 10 grams and September 2026 silver down Rs 2,913 at Rs 2,33,186 per kg. In international markets, spot gold slipped 0.6% to $4,138.32 an ounce and spot silver fell 1% to $61.48 an ounce. Markets are focused on the Federal Reserve’s June meeting minutes due Wednesday, with traders now pricing in a roughly 56% probability of a rate increase in September, according to the CME FedWatch tool. The minutes could shift expectations and trigger short-term volatility.

A tanker caught fire after being hit by an “unknown projectile” off Oman in the Strait of Hormuz on July 7, raising concerns over security along a key global oil shipping route. Brent crude traded near $73 a barrel. Samsung Electronics shares fell 7% the same day. Indian equities opened higher, though the geopolitical incident and Samsung’s drop were separate negative factors.

South Korea’s KOSPI slid 6.2% to 7,546.10 in a single session, triggering a “sidecar” curb that temporarily halted programme trading. Samsung Electronics fell 7.47% and SK Hynix dropped 6.70%, and together they account for more than half of the index’s weight. Other heavyweights including LG Energy Solution, Hanwha Ocean and Hyundai Motor also posted steep losses. Foreign investors were net sellers of South Korean stocks, offloading $851 million worth on the day.

India’s government has launched an offer for sale (OFS) of up to a 5.04% stake in Cochin Shipyard. The OFS opens to non-retail investors today, while retail investors and employees can participate tomorrow. The floor price has been set at Rs 1,400 per share.