News

According to Saudi Arabian TV: Israeli President Isaac Herzog said he respects US Vice President Vance. He said that differences and tensions have always existed, but also emphasized that Israel and the United States will continue to cooperate closely.

According to Yonhap News Agency: The United States’ stricter student visa regulations will affect more than 13,000 Koreans in the United States.

RBI Governor: Artificial Intelligence poses risks related to cybersecurity and data privacy.

India's Bombay Stock Exchange Sensex rose 1%.

Governor of the Reserve Bank of India: The balance of payments is expected to remain strong in the short and medium term.

RBI Governor: Recent policy measures and the inherent strength of India’s external sector are positive for the rupee.

The MSCI Asia Pacific ex-Japan index fell more than 2%.

NI225 fell 6%, falling below 63,000 points, hitting a new low since June 11.

Governor of the Reserve Bank of India: Bank credit growth rate is quite satisfactory.

S&P 500 futures fell 0.85%, while Nasdaq futures fell 1.45%.

Jefferies: Lowered Netflix (NFLX.O) price target to $90 from $110.

JPMorgan Chase: Lowered its target price on IBM (IBM.N) to $250 from $291.

According to the Financial Times: Investors say the Bank of England should slow or stop the sale of long-term bonds.

According to Iran's Tasnim News Agency: Iran's Revolutionary Guards said that as long as the US attacks continue, no oil or natural gas will be exported through the Strait of Hormuz.

Traders said the Reserve Bank of India may be selling dollars to curb the rupee's decline.

JPMorgan Chase: Lowered the target price of Baidu (BIDU.O) from $230 to $205.

Japanese trading company Toyota Tsusho has begun providing logistics services for Japanese auto parts suppliers to ship directly from Japan to Canada and Mexico, helping small and medium-sized enterprises bypass the "double tariffs" faced by transshipment through the United States and directly enter the North American auto manufacturing center. The company said that taking Japan's Nagoya Port as a starting point, after adopting this new logistics model, the transportation cost to Canada can be reduced by 24%, and the cost of shipping to Mexico can be reduced by 61%. Due to lower labor costs in Canada and Mexico, Automakers generally produce vehicles for the U.S. market in both countries. According to Toyota Tsusho, Toyota produces about 2 million vehicles in North America every year, of which about 40% are produced in Canada and Mexico. However, many small and medium-sized Japanese auto parts companies do not have a base in Canada or Mexico, so they usually need to export their products to the United States first and then transfer them to local customers.

Sources: JERA, Japan's largest power company, has begun studying the possibility of listing in the United States.

JPMorgan Chase: Raised Ford price target to $16 from $15.

In Hong Kong stocks, South Korea's two-time long Samsung Electronics (07747) fell more than 20%, while South China's two-time long Hynix (07709) fell more than 18%.