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News

NewsNews Flash

News

European stocks opened generally lower, with the European Stoxx 50 index falling 1.03%, the German DAX index falling 0.61%, and the British FTSE 100 index falling 0.21%. Italy's FTSE MIB index fell 1.00% during the day.

News Flash17-07 07:01From XTrend Speed
European stocks opened generally lower, with the European Stoxx 50 index falling 1.03%, the German DAX index falling 0.61%, and the British FTSE 100 index falling 0.21%. Italy's FTSE MIB index fell 1.00% during the day.

Ukrainian President Zelensky: In Odessa, a Russian missile attack on a residential building at night killed two people and injured five others, including three children.

News Flash17-07 06:43From XTrend Speed
Ukrainian President Zelensky: In Odessa, a Russian missile attack on a residential building at night killed two people and injured five others, including three children.

As investors, especially retail investors, use financing and leverage to buy stocks in large numbers, markets such as Japan and South Korea have seen a significant increase in volatility recently. Michiko Sakai, Japan Equity Portfolio Manager of Morgan Asset Management, said: "Although it is risky to severely underweight the artificial intelligence sector, at the same time, there are also risks to continue to significantly increase your holdings in AI and expand investment exposure." She pointed out that the AI ​​market is no longer limited to a few "AI concept stocks", but has expanded to multiple fields such as AI infrastructure, memory chips and components, providing investors with more layout options. but, She also emphasized that the market is now increasingly sensitive to valuation levels and the sustainability of corporate profits. Michiko Sakai believes that AI investment is expected to continue to grow in the future, but the question that the market really needs to answer is: "Should the valuation of AI companies be based on short-term profits or on long-term growth expectations?"

News Flash17-07 06:42From XTrend Speed
As investors, especially retail investors, use financing and leverage to buy stocks in large numbers, markets such as Japan and South Korea have seen a significant increase in volatility recently. Michiko Sakai, Japan Equity Portfolio Manager of Morgan Asset Management, said: "Although it is risky to severely underweight the artificial intelligence sector, at the same time, there are also risks to continue to significantly increase your holdings in AI and expand investment exposure." She pointed out that the AI ​​market is no longer limited to a few "AI concept stocks", but has expanded to multiple fields such as AI infrastructure, memory chips and components, providing investors with more layout options. but, She also emphasized that the market is now increasingly sensitive to valuation levels and the sustainability of corporate profits. Michiko Sakai believes that AI investment is expected to continue to grow in the future, but the question that the market really needs to answer is: "Should the valuation of AI companies be based on short-term profits or on long-term growth expectations?"

UK Maritime Trade Action Office: Crew safety, no environmental impact reported.

News Flash17-07 06:37From XTrend Speed
UK Maritime Trade Action Office: Crew safety, no environmental impact reported.

The UK Maritime Trade Action Office: received reports that an oil tanker was hit by an unidentified aerial object 19 nautical miles east of Khasab, Oman.

News Flash17-07 06:37From XTrend Speed
The UK Maritime Trade Action Office: received reports that an oil tanker was hit by an unidentified aerial object 19 nautical miles east of Khasab, Oman.

Tasnim News Agency: An Iranian citizen was killed in a US attack on the Chabahar port.

News Flash17-07 06:36From XTrend Speed
Tasnim News Agency: An Iranian citizen was killed in a US attack on the Chabahar port.

As investors worry about whether the artificial intelligence-driven rally can be sustained and have lifted previously accumulated leverage on technology stocks, the stock price of Japanese memory manufacturer Kioxia Holdings fell by more than 16% on Friday. Asian stock benchmarks fell broadly, with artificial intelligence-related stocks suffering a sharp sell-off. NI225 once fell by more than 6%, hitting an intraday low in more than a month; Taiwan's weighted index closed down nearly 6.5%. South Korea's stock market was closed for a holiday. Stock indexes in Australia, Hong Kong and Singapore also fell. Kioxia once hit the daily limit, dragging down Tokyo stocks. As one of the important beneficiaries of the AI ​​market, the market value of memory chip manufacturer Kioxia has risen sharply this year, once reaching 60 trillion yen (approximately US$369.5 billion). However, as the stock price fell sharply on Friday, Kioxia's market value shrank to 28 trillion yen. Compared with the intraday historical high hit on June 22, its stock price has been cut by half. JPMorgan Chase’s quantitative strategy team stated that the market has become overly pessimistic again recently. Views such as "the AI ​​boom is about to end" and "the AI ​​bubble is bursting" have received renewed attention. The team pointed out in the latest report: "Although the supply and demand adjustment of AI concept stocks may be coming to an end, those AI stocks that rely on market sentiment and funds to drive their rise may still need more time. Only when these pessimistic narratives are fully released can they truly bottom out."

News Flash17-07 06:33From XTrend Speed
As investors worry about whether the artificial intelligence-driven rally can be sustained and have lifted previously accumulated leverage on technology stocks, the stock price of Japanese memory manufacturer Kioxia Holdings fell by more than 16% on Friday. Asian stock benchmarks fell broadly, with artificial intelligence-related stocks suffering a sharp sell-off. NI225 once fell by more than 6%, hitting an intraday low in more than a month; Taiwan's weighted index closed down nearly 6.5%. South Korea's stock market was closed for a holiday. Stock indexes in Australia, Hong Kong and Singapore also fell. Kioxia once hit the daily limit, dragging down Tokyo stocks. As one of the important beneficiaries of the AI ​​market, the market value of memory chip manufacturer Kioxia has risen sharply this year, once reaching 60 trillion yen (approximately US$369.5 billion). However, as the stock price fell sharply on Friday, Kioxia's market value shrank to 28 trillion yen. Compared with the intraday historical high hit on June 22, its stock price has been cut by half. JPMorgan Chase’s quantitative strategy team stated that the market has become overly pessimistic again recently. Views such as "the AI ​​boom is about to end" and "the AI ​​bubble is bursting" have received renewed attention. The team pointed out in the latest report: "Although the supply and demand adjustment of AI concept stocks may be coming to an end, those AI stocks that rely on market sentiment and funds to drive their rise may still need more time. Only when these pessimistic narratives are fully released can they truly bottom out."

Volvo Cars Chief Financial Officer: The impact of high oil prices and raw material prices will begin to appear in the second half of this year.

News Flash17-07 06:28From XTrend Speed
Volvo Cars Chief Financial Officer: The impact of high oil prices and raw material prices will begin to appear in the second half of this year.

Russian Defense Ministry: Russian troops attacked infrastructure in Odessa and Black Sea ports in Ukraine.

News Flash17-07 06:19From XTrend Speed
Russian Defense Ministry: Russian troops attacked infrastructure in Odessa and Black Sea ports in Ukraine.

Volvo Cars' chief commercial officer said the U.S. market is showing some positive signs of recovery but faces challenges from high tariffs and regulatory changes for electric vehicles.

News Flash17-07 06:17From XTrend Speed
Volvo Cars' chief commercial officer said the U.S. market is showing some positive signs of recovery but faces challenges from high tariffs and regulatory changes for electric vehicles.

German semiconductor stocks fell about 4% in early trading in Frankfurt.

News Flash17-07 06:11From XTrend Speed
German semiconductor stocks fell about 4% in early trading in Frankfurt.

Alam Saleh, a professor at the Australian National University, said that while economic pressure and regional diplomacy may indeed become problems for Iran, the Iranian leadership ultimately believes that it is in a "fight for survival" and is unlikely to give in easily. Salih said: "Iran's economy relies on domestic production and is economically independent to a certain extent. This country has survived under sanctions for nearly 47 years." He added that Iran is not willing to show weakness in front of the United States, and it is even less likely to make concessions because its military power is damaged. In terms of weapons production, US media reported that, Iran quickly resumed drone production after the April ceasefire, and some analysts believe it may take just months to fully replenish its drone inventory. Saleh said: "Therefore, Iran will not accept any deal unless any agreement can guarantee Iran's security. No matter how much economic pressure it faces, Iran will not compromise. It has no other choice but to resist."As for the United States, analysts believe that the United States' concerns about weapons stockpiles are not mainly related to the current Iranian war. Rather, it focuses more on possible future conflicts with other superpowers. Brian Finnercain, a security expert at the International Crisis Group, said: "It is clear that key weapons, including Patriot missile interceptors and Tomahawk cruise missiles, are being depleted at an alarming rate. These weapons may be needed in the future to deal with any military contingencies involving other superpowers."Overall, there are pressure points on both sides that make a long-term war costly. But Saleh believes that The United States is suffering greater reputational damage. He said: "The world has seen that the United States cannot solve the Iranian problem by any means. This shows that the US military also has its own limitations when dealing with a middle power like Iran."

News Flash17-07 06:10From XTrend Speed
Alam Saleh, a professor at the Australian National University, said that while economic pressure and regional diplomacy may indeed become problems for Iran, the Iranian leadership ultimately believes that it is in a "fight for survival" and is unlikely to give in easily. Salih said: "Iran's economy relies on domestic production and is economically independent to a certain extent. This country has survived under sanctions for nearly 47 years." He added that Iran is not willing to show weakness in front of the United States, and it is even less likely to make concessions because its military power is damaged. In terms of weapons production, US media reported that, Iran quickly resumed drone production after the April ceasefire, and some analysts believe it may take just months to fully replenish its drone inventory. Saleh said: "Therefore, Iran will not accept any deal unless any agreement can guarantee Iran's security. No matter how much economic pressure it faces, Iran will not compromise. It has no other choice but to resist."As for the United States, analysts believe that the United States' concerns about weapons stockpiles are not mainly related to the current Iranian war. Rather, it focuses more on possible future conflicts with other superpowers. Brian Finnercain, a security expert at the International Crisis Group, said: "It is clear that key weapons, including Patriot missile interceptors and Tomahawk cruise missiles, are being depleted at an alarming rate. These weapons may be needed in the future to deal with any military contingencies involving other superpowers."Overall, there are pressure points on both sides that make a long-term war costly. But Saleh believes that The United States is suffering greater reputational damage. He said: "The world has seen that the United States cannot solve the Iranian problem by any means. This shows that the US military also has its own limitations when dealing with a middle power like Iran."

Japanese Finance Minister Katayama Satsuki: The government will work hard to avoid causing market misunderstandings on fiscal and monetary policy stances.

News Flash17-07 06:10From XTrend Speed
Japanese Finance Minister Katayama Satsuki: The government will work hard to avoid causing market misunderstandings on fiscal and monetary policy stances.

Japanese Finance Minister Katayama Satsuki: The government is paying close attention to daily market trends and economic data, and will work to steadily reduce Japan’s debt-to-GDP ratio.

News Flash17-07 06:10From XTrend Speed
Japanese Finance Minister Katayama Satsuki: The government is paying close attention to daily market trends and economic data, and will work to steadily reduce Japan’s debt-to-GDP ratio.

Japanese Finance Minister Katayama Satsuki: Will not comment on the specific wording of the upcoming economic blueprint, which is currently being finalized with the ruling coalition.

News Flash17-07 06:09From XTrend Speed
Japanese Finance Minister Katayama Satsuki: Will not comment on the specific wording of the upcoming economic blueprint, which is currently being finalized with the ruling coalition.

Japanese Finance Minister Katayama Satsuki: Monetary policy is determined by the Bank of Japan.

News Flash17-07 06:08From XTrend Speed
Japanese Finance Minister Katayama Satsuki: Monetary policy is determined by the Bank of Japan.

Japanese Finance Minister Katayama Satsuki: Interest rate changes are determined by the market.

News Flash17-07 06:07From XTrend Speed
Japanese Finance Minister Katayama Satsuki: Interest rate changes are determined by the market.

Euro Stoxx 50 futures fell 0.87%, DAX futures fell 0.66% and FTSE futures fell 0.37%.

News Flash17-07 06:00From XTrend Speed
Euro Stoxx 50 futures fell 0.87%, DAX futures fell 0.66% and FTSE futures fell 0.37%.

German semiconductor stocks fell between 3.5% and 5.5% before the market opened.

News Flash17-07 05:45From XTrend Speed
German semiconductor stocks fell between 3.5% and 5.5% before the market opened.

The commander of the Ukrainian drone force said that Ukrainian drones have hit 12 Russian ships in the Black Sea.

News Flash17-07 05:44From XTrend Speed
The commander of the Ukrainian drone force said that Ukrainian drones have hit 12 Russian ships in the Black Sea.