News

According to data from sources and calculations by Reuters, Russia's seaborne petroleum product exports fell 33% month-on-month in July.

Sources say Indian market regulators plan to relax disclosure requirements for offshore fund investors. The Securities and Exchange Commission of India is considering three options, including expanding the list of regulators and countries eligible for exemptions.

The National Security Council of Ukraine has warned that Russia is using jet drones to launch a large-scale attack on the Chernihiv region.

Bank of Japan data suggests that Japan may not have intervened in the foreign exchange market on Monday.

Data from the Bank of Japan shows that the money market is expected to face a funding gap of 3.38 trillion yen, compared to previous forecasts of 2.32 trillion to 2.6 trillion yen.

The British government has signed a £135 million contract with BAE Systems for the maintenance and repair of the Royal Navy's torpedo weapons.

Saudi Aramco CEO: We have international storage centers in Japan, South Korea, Egypt and the Netherlands.

According to the Syrian Arab News Agency (SANA), Syria and Japan held their first round of bilateral political consultations in Damascus on Tuesday, discussing ways to expand diplomatic, economic and cultural cooperation and exchanging views on the regional situation.

UBS: Raises its target price for Adidas from €219.00 to €173.00, but downgrades its rating from Buy to Neutral.

BP CEO: Our listing location is really not on the agenda.

BP CEO: There was oil at sea when the conflict started, but we are witnessing it drying up.

BP CEO: We are able to ship diesel from refineries on the US West Coast to Australia. We have adjusted the way our refineries operate to maximize jet fuel production.

The Hang Seng Index (HSI) closed down 156.48 points, or 0.6%, at 25,852.92 on Tuesday, August 4th; the Hang Seng Tech Index closed up 10.0 points, or 0.21%, at 4,885.61 on Tuesday, August 4th; the Hang Seng China Enterprises Index (HSCEI) closed down 77.89 points, or 0.9%, at 8,574.26 on Tuesday, August 4th; and the Hang Seng Red Chip Index (HSC) closed down 30.55 points, or 0.73%, at 4,145.41 on Tuesday, August 4th.

US chip stocks rose in pre-market trading, with Micron Technology (MU.O), SanDisk (SNDK.O), and Intel (INTC.O) all up more than 3%, while SK Hynix (SKHY.O) and Western Digital (WDC.O) rose more than 2%.

Russian food retailer Lenta said the crashed drone caused a fire at its distribution center in the Leningrad region.

According to TASS, citing the Russian Ministry of Defense, Russia has struck a logistics center in the Sumy region of Ukraine.

France's base-load electricity price is expected to fall by 25.4% to €100 per megawatt-hour in the coming day.

Germany's benchmark electricity price for the next day is expected to fall by 25.8% to €109.5 per megawatt-hour.

Charles Kupchan, a senior fellow at the Council on Foreign Relations, said that while he believes the U.S. and Iran could reach some kind of agreement on the Strait of Hormuz, a comprehensive peace agreement on Iran's nuclear program and other core issues remains a distant prospect. He said, "I think it's possible for the two sides to establish a framework for reopening the Strait of Hormuz. It's possible. But I don't think they've reached a real agreement on the nuclear issue. Absolutely not. It's still a very long way off, and even whether it can be achieved is still questionable."

Market news: Apple's annual sales in India have surpassed $10 billion for the first time.