Real-time News

Japanese chip-related stocks fell sharply, with Kioxia down 4.8%, Advantest down 6.1%, and SoftBank down 6.0%.

SK Hynix shares fell 3%.

July 24 (Futures News) – According to foreign media reports, ICE canola futures closed higher as escalating tensions in Iran pushed oil prices above $100 per barrel. Louis Dreyfus' canola crushing plant in Yorkton, Saskatchewan, Canada, has completed a major expansion, increasing its annual canola processing capacity to over 2 million tons. As canola oil increasingly becomes a feedstock for biofuels, demand continues to grow, making canola futures more sensitive to energy price fluctuations. U.S. crude oil futures rose more than 6% on Thursday, while Brent crude surged 7% and closed above $100 for the first time since May, after attacks on Saudi oil tankers in the Red Sea, coupled with further escalation of military conflict in the Middle East, exacerbated market concerns about global supply disruptions. Weather conditions in western Canada remain favorable for canola flowering and pod formation.

IBM (IBM.N) CEO: By value, 70% of daily financial transactions are conducted via mainframes. For every $1 a customer invests in a mainframe, IBM typically invests $3 to $4 overall. The AI boom will boost revenue because most customers require hands-on guidance.

IBM (IBM.N) CEO: Quantum technology will create trillions of dollars in added value by the end of the 2030s.

Japan's nationwide unadjusted CPI rose 0% month-on-month in June, compared with 0.5% in the previous month.

Market news: SpaceX (SPCX.O) is betting on Starship and has begun rejecting commercial Falcon rocket launch orders for 2028 and beyond.

Japan's national CPI rose 1.7% year-on-year in June, below the expected 1.70% and the previous reading of 1.50%.

NVIDIA (NVDA.O): A lab dedicated to advancing agent-based AI models and intelligent agent systems built specifically for Korean industry, language, and the future.

July 24th - HSBC Holdings (00005.HK): HSBC Group has agreed to sell HSBC Life Insurance (Singapore) Pte Ltd to Allianz for S$2.7 billion, subject to regulatory approval and expected to close in the first half of 2027. Upon completion, HSBC and Allianz will enter into a 15-year exclusive bancassurance distribution agreement, under which HSBC will continue to distribute insurance products to its customers in Singapore. Upon entering into the distribution agreement, HSBC will receive an initial one-off cash payment of S$200 million.

1. On Thursday, all three major U.S. stock indexes closed lower. The Dow Jones Industrial Average fell 0.97% to 51,711.65 points, the S&P 500 fell 1.21% to 7,408.3 points, and the Nasdaq Composite fell 2.15% to 25,137.69 points. Tesla plunged more than 14% after its second-quarter net profit fell short of expectations and its gross margin further declined. Google fell more than 7%, and its total market capitalization fell below $4 trillion. The Wind U.S. Tech Giants Index fell 3.86%, with Facebook falling more than 3% and SpaceX rising more than 2%. 2. All three major European stock indexes closed lower. The German DAX fell 1.56% to 24,763.12 points; the French CAC40 fell 1.64% to 8,299.09 points; and the UK FTSE 100 fell 0.73% to 10,639.17 points. 3. The WTI crude oil futures contract closed up 6.37% at $92.36 per barrel; the Brent crude oil futures contract rose 4.91% to $94.61 per barrel. 4. International precious metals futures generally closed lower, with COMEX gold futures falling 2.40% to $4052.30 per ounce and COMEX silver futures falling 3.99% to $57.90 per ounce.

On July 24th, Iranian sources reported that on the 23rd, the Iranian military stated that a US Tomahawk cruise missile was intercepted by air defense systems over the Kahnuj region of Kerman province in southeastern Iran. The report also stated that two explosions were heard near Qeshm Island in Hormozgan province in southern Iran. Local residents reported multiple explosions also heard south of Larak Island and Hengam Island, in the Strait of Hormuz area.

July 24 - The head of foreign affairs for the Houthi rebels in Yemen stated on the 23rd that recent remarks by US President Trump regarding the situation in Yemen indicate US support for Saudi Arabia's blockade of Yemen. He claimed that the Houthi rebels are "prepared" to respond should the US take further military action in Yemen.

Mexico's Ministry of Economy: The fourth round of negotiations between the United States and Mexico on the USMCA is scheduled for the first two weeks of September.

Intel (INTC.O) CFO: ASIC business annualized revenue is about to reach $2 billion.