News

JPMorgan Chase: It raised its year-end exchange rate forecast for the Israeli Shekel against the U.S. dollar from 2.80 to 2.95, believing that the Shekel has only room for moderate appreciation at current levels.

According to Business Insider: Amazon (AMZN.O) has redesigned Alexa to reduce reliance on the Anthropic model.

Iranian Revolutionary Guards: (Talking about Kuwait) It is the United States, not us, that violates your sovereignty and territorial integrity.

Iranian Revolutionary Guards: The Iranian Revolutionary Guards send an important message to the Jordanian people that it is our legal, religious and rational right to strike against American bases launching aggression against Iran from their territory.

Market news: Russian troops attacked Pavlograd, Ukraine.

The UAE said its $1.4 trillion investment commitment to the United States is being met ahead of schedule.

U.S. Secretary of State Rubio: We have honored our agreement with Iran, and perhaps they will change their minds in the next few days.

Hong Kong equities closed higher. The Hang Seng Index rose 1.28% and the Hang Seng Tech Index gained 0.65%. Heavy-equipment names led gains: China National Heavy Duty Truck (03808.HK) +10%+, Zoomlion (01157.HK) +3%+. Power-equipment stocks rebounded: Goldwind (02208.HK) +5%+, GCL Technology (03800.HK) +3%+, Harbin Electric (01133.HK) +3%+. Conch Cement (00914.HK) +3%+. Metals initially spiked then eased: Ganfeng Lithium (01772.HK) +9%+, TTANQT LITHIUM (09696.HK) +6%+. Chinese brokers, domestic banks, lithium-battery names, logistics, NEVs, appliance makers, gas and commercial aerospace were also among the top sector performers. Semiconductor names fell; Huahong Grace (01347.HK) slid >7%, while media, OLED and mobile-supply-chain stocks weakened. AI-related names showed pockets of strength — Xunce (03317.HK) +13% — and Meituan (03690.HK) recovered to finish +4%+.

U.S. Secretary of State Rubio: Although Iran is acting tough, they are suffering tremendous pain and will continue to suffer.

U.S. Secretary of State Rubio: Zelensky has expressed interest in visiting the United States next week.

U.S. Secretary of State Rubio: U.S. President Trump’s policy is tit for tat, and Iran will pay a heavy price.

US Secretary of State Rubio: We hope to reach a peace agreement in Ukraine. A peace deal requires a lot of work.

The Hang Seng Index (HSI) closed up 318.15 points, or 1.28%, at 25210.81 on Thursday, July 23. The Hang Seng Tech Index closed up 30.25 points, or 0.65%, at 4698.48 on Thursday, July 23. The Hang Seng China Enterprises Index (HSCEI) closed up 101.6 points, or 1.23%, at 8352.67 on Thursday, July 23. The Hang Seng Red Chip Index (HSC) closed up 71.84 points, or 1.74%, at 4193.12 on Thursday, July 23.

U.S. Secretary of State Rubio: There are lunatics and lunatics at the International Criminal Court. The United States will not be part of the International Criminal Court and jurisdiction cannot apply to the United States.

SK Hynix (SKHY.O) rose more than 5% in pre-market trading; reports indicate that the company has set a 2.5% cap on the conversion of its Korean shares into American Depositary Receipts (ADRs).

US Secretary of State Rubio: The primary responsibility of any government is to maintain national security.

Alphabet (GOOG.O) fell more than 3% in pre-market trading after the company announced Q2 results and raised its fiscal year capital expenditure forecast.

U.S. Secretary of State Rubio: I hope the Houthis will stop their attacks. They were fooled by Iran.

US Secretary of State Rubio: It seems that Iran is not ready to reach a deal and they will pay the price. The cost to Iran will increase every night until they wake up.

US Secretary of State Rubio: The Russia-Ukraine war was very bloody, and Ukraine paid a huge price.