A heavy week for HK earnings, with Fed minutes hanging over everything. $FN kicks things off Monday after the bell. $XIACY XiaoMi Tuesday, with handsets, EVs and IoT all under scrutiny at once. $BABA reports Thursday pre-market — cloud growth and e-commerce positioning are the read. PopMart Thursday, where overseas expansion and IP monetisation decide whether the valuation holds. Innolight closes the week Friday with its first print since listing in HK — optical module shipments and margins are what the market wants to see. On the macro side, Thursday's July Fed minutes are the swing factor. If support for a hike stays confined to the three dissenters and Friday's PMI keeps cooling, the case for holding in September firms up, pressuring yields and the dollar while supporting growth stocks and gold. But if the minutes show more officials edging toward a hike, yields and the dollar could push higher regardless of soft data. Watch the US-Iran situation all week. A joint statement paired with signals on easing the blockade could take the geopolitical premium out of crude. For informational purposes only. Not investment advice.