News

RBC raises Visa (V.N) PT to $412 from $395.

Royal Bank of Canada raised its target price for Visa (V.N) from $395 to $412.

Rio Tinto (RIO.N) CEO: Is watching rising U.S. copper inventories in response to tariff decision.

Japan's Kioxia Holdings fell 15%.

HSBC Holdings: Downgraded France's rating to neutral from overweight.

HSBC Holdings downgrades UK rating from Overweight to Neutral.

HSBC Holdings: Upgrades Germany's rating from neutral to overweight.

According to Nikkei: Toyota Motor (TM.N) has suspended operations at three plants in southern Japan, and the production suspension measures will last until Friday.

According to the Financial Times: The Bank of England is investigating the risks faced by major brokers in Asian stock markets.

According to CBS: Data show that the number of Canadian tourists to the United States dropped by 25% in 2025 due to political tensions.

Apple is scheduled to release its financial report for the third quarter of FY26 after the U.S. market closes on July 30. JPMorgan Chase has sorted out the market’s expectations for its performance. The key points to pay attention to include:1. Total revenue (estimated to be approximately US$108.6 billion, market consensus of approximately US$108.85 billion);2. iPhone revenue (market consensus of US$53.6 billion); 3. Gross profit margin (official guidance 47.5%~48.5%) and earnings per share (market consensus $1.88)4. The market’s revenue guidance for the next quarter is expected to be approximately $114.88 billion.

Indian information technology company INFOSYS shares rose 3.3%.

Raymond James raises PT on Visa (V.N) to $406 from $389.

Ruijie Financial: Raised the target price of Visa (V.N) from $389 to $406.

JPMorgan Chase: Raised the price target for Coca-Cola (KO.N) to $96 from $90.

JPMorgan Chase raised its price target for PayPal (PYPL.O) from $46 to $65.

Market news: Renesas Electronics has suspended production at two factories in Kumamoto Prefecture, Japan due to the earthquake.

JPMorgan Chase lowered its price target for United Parcel Service (UPS.N) from $118 to $115.

Hong Kong gaming stocks continued to strengthen during the session, with Bilibili (09626.HK) rising by over 5.5%, Tencent Holdings (00700.HK) rising by over 4%, Xindong Company (02400.HK) and NetEase (09999.HK) both rising by 3%.

Fitch Ratings: Credit profile of Indian corporates will withstand geopolitical and El Niño risks.