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8/6
22:47
On August 7, most commodities in China's domestic futures market rose, with crude oil up over 4%, fuel oil up 3%, and coking coal, asphalt, and polysilicon up over 2%.

On the same day, the A-share market fluctuated upwards. As of the time of writing, the ChiNext Index rose by 1.74%, the Shenzhen Component Index rose by 1.08%, and the Shanghai Composite Index rose by 0.22%. Sectors such as hashrate hardware, CPO, PCB, and innovative drugs performed actively.

The Hong Kong stocks market opened lower and continued to fall, with the Hang Seng Index down 0.49% and the Hang Seng Tech Index down 0.84%. AI large model concept stocks MINIMAX-W and Zhipu once surged over 15% during intraday trading.
22:41
Global funds are once again investing in India's IT stocks, reversing a trend of months-long selling. During the June quarter, smaller IT firms demonstrated stronger performance compared to their larger counterparts.
22:20
The U.S. Senate will not vote on the Digital Assets Market Clarity Act before the August recess. The bill failed to advance due to significant unresolved issues between bipartisan senators, dimming its hopes of becoming law this year. Industry leaders still hope for a Senate vote after they return to Washington D.C. in September.
22:13
Sui stated that users can adopt quantum-safe keys without creating a new recovery phrase or changing wallet addresses.
22:07
The Philippine economy unexpectedly slowed to 2.3% in the second quarter, as the protracted Middle East conflict pushed up inflation and dragged down consumer spending and investment.
22:07
Egan-Jones, which privately graded approximately $40 billion of debt investments on U.S. insurers' books, has been accused by former employees of pressuring staff to inflate ratings to gain business. The firm's ratings have been banned by a key regulator in Bermuda and are the focus of a lawsuit. Egan-Jones states it stands by the integrity and rigor of its ratings.
22:05
Israeli forces conducted a "large-scale" raid in the Qalandiya refugee camp in the occupied West Bank, injuring at least 51 Palestinians, according to the Jerusalem Governorate. The forces also demolished commercial shops, imposed a curfew on Kafr Aqab, and sealed off roads to Jerusalem. The Palestine Red Crescent Society reported 35 hospitalizations due to severe beatings and six cases of tear gas inhalation. Additionally, Israeli forces raided Jenin city on Thursday, shooting one Palestinian and assaulting another. This comes amid an uptick in military and settler violence in the West Bank in recent months.
21:52
Indian quick commerce firm Zepto's IPO plans face headwinds as profitability concerns and intensive competition stunt investor enthusiasm. The company's losses soared 25% year-on-year to 59 billion rupees ($620 million) in the fiscal year ending March.
21:51
The plan aims to turn a subset of existing Starlink installations into a distributed small-cell network that phones can use directly without special hardware. This approach, using terrestrial spectrum acquired from EchoStar, is expected to avoid the high costs and slow permitting associated with conventional cell towers.
21:07
The European Central Bank was reportedly caught off guard by the US's historic intervention to sell euros in order to support the Japanese yen. ECB President Christine Lagarde and US official Scott Bessent spoke only after Washington had taken this action.
20:47
Amazon's property, plant, and equipment (PP&E) assets alone doubled from three years earlier to $538.7 billion, making it the largest company globally by that measure. This shift marks a departure from their traditional asset-light software business model.
20:33
According to the latest internal report from Goldman Sachs' sales and trading division, S&P 500 constituent companies' Q2 EPS year-over-year growth reached as high as 45%. However, analysis indicates that if fair value changes in equity investments of large tech companies are excluded, this growth rate would drop to 26%, suggesting that about half of the "record-breaking" earnings growth came from book revaluation rather than actual operating profits. Furthermore, AI infrastructure-related stocks contributed approximately one-third of the S&P 500's overall EPS growth, highlighting the high concentration of earnings. Goldman Sachs analysts warn that the earnings foundation supporting current valuations is far more fragile than surface numbers suggest, with the median S&P 500 company's Q2 EPS growth being only 12%. Concurrently, single-day trading volume for S&P 500 call options hit a new historical high, with actual volatility exceeding implied volatility expectations by more than four times, yet market participants have not shown significant signs of nervousness.
20:23
A New Mexico judge on Thursday ordered Meta to pay $567 million into an abatement fund, following a jury ruling that the company violated the state’s unfair practices act in a child harms case. This fund is in addition to the $375 million in civil penalties Meta was previously ordered to pay. The ruling also mandates Meta to improve age assurance models using AI, develop an under-13 prediction model within two years, and enhance reporting mechanisms for underage usage.
20:15
Japanese Government Bond (JGB) futures fell in early Tokyo trade, tracking overnight price declines in the U.S. Treasury market.

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