The Shanghai Composite fell 0.8% to a near four-month low of 3,853 on Friday, while the Shenzhen Component slid 2.1% to a more than three-month low of 14,191, as sentiment toward China's technology hardware sector turned increasingly bearish.The STAR 50 Index's fear/greed indicator, which measures…
The Hang Seng Index slipped 1.0%, or 250 points, to 24,765 on Friday, tracking a broad decline across Asian markets after a selloff in US semiconductor stocks weighed on investor sentiment and reignited concerns over elevated valuations in artificial intelligence-related companies.The weakness foll…
President Trump delivered a primetime address to the nation on July 16, 2026, mixing an economic progress report with a lengthy, controversial announcement about declassified intelligence tied to elections.Trump opened by touting economic gains under his administration. “Our country is safer, stron…
Network School founder Balaji Srinivasan is seeking a memorandum of understanding with Malaysia after authorities probed his Forest City tech community over allegations it was hosting Israeli citizens using second passports.Malaysia’s Home Affairs Ministry said Tuesday it was investigating Srinivas…
Russian State Duma Financial Market Committee Chairman Anatoly Aksakov said a bill on criminal liability for illegal cryptocurrency trading will be reviewed after the election of the new Duma. According to Odaily, the spring session ended on July 27, and lawmakers will be on recess from August to S…
A UK gang that posed as police officers and created a fake police website has been sentenced for stealing $5.4 million in cryptocurrency from holders by calling them and persuading them to move funds into so-called safe accounts. According to Odaily, 23-year-old Hamza Bashir, 25-year-old Kevin Nwam…
BlockBeats reported on July 17 that a suspected a16z address withdrew 471,500 HYPE from Hyperliquid over the past day and then transferred the tokens to multiple trading platforms. According to BlockBeats On-chain Detection, the amount was worth about $30.57 million.
IBM (IBM), Oracle (ORCL), and NuScale Power (SMR) stocks dropped to fresh 52-week lows on Thursday amid fresh worries over whether the heavy AI-related investments would deliver sufficient financial returns, highlighting a broader shift in market sentiment, with investors placing greater emphasis o…
Gasoline futures in the US rose above $3.30 per gallon, remaining close to their highest level since late May, driven by growing concerns over global refined fuel supplies.The collapse of the US-Iran truce and renewed tanker attacks in the Strait of Hormuz heightened fears of disruptions to fuel sh…
The yield on the 10-year US Treasury note steadied around 4.56% on Friday and was on track to finish the week little changed, as investors balanced softer US inflation data against the escalating conflict between the US and Iran and its potential impact on the interest rate outlook.The US launched…
U.S. stock futures extended a decline into the overnight session late Thursday after all benchmark indexes closed lower amid a selloff in the technology sector, particularly among semiconductor names.Nasdaq-100 futures fell 0.61%, Dow futures were down 0.41%, and S&P 500 futures declined 0.38% at 9…
HONG KONG, July 17, 2026 - (ACN Newswire) - CTF Life announced a landmark long-term strategic partnership with Tencent Music Entertainment Group (TME), marking the first collaboration of its kind between a Hong Kong insurer and TME. The collaboration will see the two partners bring the 2026 TMElive…
Russia's final version of a crypto regulation bill adds new restrictions that would bar nonprofessional investors from buying foreign stablecoins, a group that covers most of the country's residents. According to Odaily, the bill introduces the concepts of "foreign digital tools" and "non-deliverab…
The New Zealand dollar remained at a six-week high, hovering around $0.584, as the prospect of additional rate hikes at home helped offset a broader risk-off move amid escalating US-Iran tensions.The Reserve Bank of New Zealand is widely expected to raise interest rates again in September, with the…
The dollar index steadied around 100.7 on Friday but remained on track for a weekly decline, as softer-than-expected US inflation prompted traders to scale back expectations of near-term Federal Reserve rate hikes, although the escalating conflict between the US and Iran continued to fuel inflation…
China's onshore active ETF market is moving closer to launch. From July 16 to 17, 18 fund houses including E Fund, China Asset Management, Huatai-PineBridge, J.P. Morgan, Harvest, and China Universal Asset Management will formally submit product registration applications for active ETFs to China's…
Counterpoint Research said on June 22 that smartphones with generative AI features are expected to account for 45% of global shipments in 2026 and 52% in 2027, according to 36Kr. Market researchers said major smartphone brands are accelerating AI phone rollouts as on-device AI models move into hand…
China's fund advisory pilot is expanding steadily. According to 36Kr, brokers including Western Securities, Changjiang Securities, Northeast Securities and Huafu Securities have received related notices and are preparing license applications, with filings expected to be submitted in a集中 manner befo…
According to CNBC, short sellers have increased bearish bets against SpaceX to about 185 million shares, or roughly 29% of the company's publicly tradable float, worth about $25 billion. S3 Partners said the short position was up from an estimated 40 million shares, or around 5% to 7% of the float…
Tata Electronics Pvt. is preparing to make India’s first semiconductor wafers using older technology than it originally expected, according to Bloomberg. The shift underscores the challenges India faces in trying to build a domestic chip industry from scratch.
