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On July 21, Horizon Robotics (09660.HK) announced that it expects its profit for the first half of 2026 to be between RMB 3.5 billion and RMB 4 billion, compared to a loss of RMB 5.233 billion in the same period last year, representing a turnaround from loss to profit. The Group anticipates an increase in revenue from continuing operations for the six months ended June 30, 2026, primarily driven by the combined performance of its two main revenue segments. The increase in revenue from product solutions is mainly attributed to the Companys continued strengthening of its market position and steady increase in market share, as well as the commencement of large-scale mass production deployment of its all-scenario urban NOA solution (HSD).U.S. stock index futures strengthened, with Nasdaq futures up more than 1%, Dow Jones futures up 0.27%, and S&P 500 futures up 0.4%.Japanese chip stocks continued to rise, with Kioxia shares surging 14%, SoftBank Group up 6.1%, and Advantest up 5.9%.On July 21, Tencent Hunyuan announced the launch of Hyra-1.0, the first version of its research agent (Hunyuan Research Agent). According to Tencent Hunyuan, this is an intelligent agent capable of recursive self-improvement and performance-oriented research and engineering tasks. Besides model development and scientific discovery, Hyra can also be applied to open scenarios such as games, design, and content creation, continuously iterating its strategy based on self-play, self-evaluation, and user feedback.Samsung Electronics announced on Tuesday that it will establish a robotics division reporting directly to the CEO to accelerate research and commercialization in the field and develop robotics as a new growth engine. The division, named RX (Robotics eXperience), will oversee its medium- to long-term robotics strategy, core technology development, and business execution, while expanding its domestic and international research capabilities. In a statement, Samsung said Executive Vice President Lee Dongkun will lead the robotics strategy team. Lee Dongkun previously led Hyundai Motor Groups robotics strategy, including planning the development direction of Boston Dynamics. Samsung also stated that it plans to establish robotics research centers in countries with rapid robotics development, such as the United States, China, and Japan, leveraging local ecosystems and expertise to enhance its competitiveness.

USD/CHF Oscillates between 0.9330 and 0.9350 as the DXY Finds Support at 99.70

Drake Hampton

Apr 14, 2022 11:04

The USD/CHF pair is trading in a range of 0.9325-0.9356 as the US dollar index (DXY) seeks bids near 99.70 following a sharp decline on Wednesday. The asset is inching closer to its weekly high of 0.9370.

 

The pair is aiming higher as the probability of a Federal Reserve interest rate hike of 50 basis points (bps) increases (Fed). In May, the Fed will dictate monetary policy, and a rising US Consumer Price Index (CPI) combined with a tight job market increases the likelihood of an aggressive hawkish attitude for May and the remainder of the year.

 

Fed Governor Christopher Waller advocated for aggressive interest rate hikes in the future, but cautioned that aggressiveness should not be confused with abruptness, as this could push the US economy into recession. An rapid shift in interest rate policy will significantly lower aggregate demand and employment possibilities, posing a substantial danger to the US economy.

 

Investors' attention will now turn to monthly US retail sales, which are expected to come in at 0.6 percent, up from the previous figure of 0.3 percent. While the Swiss bourse will publish its annual Real Retail Sales report later this month. Previously, Swiss Real Retail Sales were registered at 12.8 percent during a 12-month period.

USD/CHF

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