News

JPMorgan Chase raised its target price for Airbus from €240 to €245.

JP Morgan Chase raised its price target for General Motors (GM.N) to $120 from $110.

An article published by the Federal Reserve Bank of St. Louis points out that while the US has a significantly higher AI adoption rate than Europe, this gap is not primarily due to objective factors such as age, education level, or industry structure. The key reason lies in corporate management models and organizational culture. The study found that companies with higher levels of management (rather than technology availability), proactively encourage employee use of AI, and provide AI tool support have significantly higher AI adoption rates.

Hong Kong star technology stocks fell, NetEase-S (09999.HK) fell more than 5%, Tencent Holdings (00700.HK) fell nearly 5%, Bilibili (09626.HK) fell more than 3%, Xiaomi Group (01810.HK), Tencent Music (01698.HK), Kuaishou (01024.HK), Alibaba (09988.HK), Baidu (09888.HK) and other stocks followed suit.

The U.S. House of Representatives passed a temporary funding measure that will fund federal agencies until the November election.

US Secretary of State Rubio: International trade and business rules are also under threat and this must not be allowed to happen.

US Secretary of State Rubio: The blockade of international waterways sets a very dangerous precedent that may be repeated in other parts of the world, including Asia.

US Secretary of State Rubio: The global economy is facing threats.

US Secretary of State Rubio: The United States is open to conflicts in the Middle East and is willing to participate, negotiate and resolve differences. The problem we face is that the other side is not serious about negotiating.

Hong Kong's large model stocks continued to fall, with Zhipu (02513.HK) falling by more than 10% and MINIMAX-W (00100.HK) falling by more than 5%.

Hong Kong's large model stocks opened higher and moved lower, with Zhipu (02513.HK) falling more than 3% and MINIMAX-W (00100.HK) falling more than 4%.

U.S. Secretary of State Rubio: Iran is not serious about negotiations.

Taobao (06110.HK) opened down 14.66%; the company announced that the online platform sales of Nike products in mainland China will be terminated next year, which will have a major negative impact in the short term.

HSI opened on July 22 (Wednesday), down 153.39 points, or 0.61%, to 24978.9 points;Hong Kong’s Hang Seng Technology Index opened on July 22 (Wednesday), down 34.34 points, or 0.71%, to 4780.49 points ;The state-owned enterprise index opened down 73.49 points, or 0.88%, at 8287.19 points on July 22 (Wednesday); The red chip index opened at 4089.1 points, up 5.43 points, or 0.13%, on July 22 (Wednesday).

Taobao International: Received notice from Nike (NKE.N) to terminate the existing online distribution agreement in mainland China. Committed to cooperating with Nike to carry out offline sales.

Wistron: It will also produce Nvidia's (NVDA.O) Vera Rubin chips at its Texas plant.

Japanese Finance Minister Katayama Satsuki: The situation between the United States and Iran has become very serious.

According to Japan's Kyodo News: In the first half of 2026, Japan's crude oil imports from the Middle East fell by 26.4%.

According to the Wall Street Journal: US President Trump approved a landmark nuclear agreement with Saudi Arabia.

NI225 rose by 2.00% within a day.