OnePage Money - Your news on time is priceless

U.S. markets were driven by a split between strong earnings-led gains in names like PayPal, Coca-Cola and Celestica and heavy pressure on AI chip stocks as investors grew less tolerant of unlimited AI capex.

Analysts are recommending select durable stocks with strong earnings as a way to handle a choppy market.
Chip stocks are experiencing one of their weakest months in years, and investors are debating whether the slump is temporary or structural.
Meta may avoid discussing social-media policy issues on its earnings call, according to market betting activity.
ASML is being viewed by BofA as less exposed to China risk than investors currently believe.
Rising energy costs and heavy AI-related capital spending are making the Federal Reserve’s job more difficult.
Technology and AI are spreading beyond the sector and beginning to affect the wider economy.
Market participants are becoming less willing to tolerate unlimited AI spending, reflecting growing caution from investors.
JPMorgan describes the current stock market environment as the beginning of a potentially long-term “generational trade.”
Several companies reported earnings beats or raised outlooks, including Applied Digital, Celestica, Coca-Cola, and PayPal.
Investors are closely watching major developments in AI, chips, energy infrastructure, and large-cap growth names like Oracle, Nvidia, and Apple.

Hong Kong stocks closed higher, with the Hang Seng Index rising 103 points to 25,310 as bank shares hit record highs even though Laopu Gold plunged more than 23% after weak results.

Hong Kong’s Exchange Fund earned HK$134.7 billion in investment income in the first half, down 37.1% year on year.
U.S. and European markets were mostly firmer in early trading, with Dow futures edging up, Johnson & Johnson rising after settling a lawsuit, Barclays falling after earnings, and Unilever climbing more than 6%.
PetroChina is reportedly considering selling part of its stake in LNG Canada.
Hong Kong stocks ended the day higher, with the Hang Seng Index up 103 points; banks rose, while Laopu Gold plunged more than 23%.
Typhoon/quake-related concerns in Japan intensified after a 7.1-magnitude earthquake in Kumamoto, and TSMC fell nearly 3% premarket as it checked factory conditions.
Laopu Gold came under heavy pressure after major brokerages, including Macquarie and Jefferies, cut their target prices and flagged weaker-than-expected second-quarter results.
China’s A-share market fell sharply, led by declines in chips, optical modules, and PCB stocks, while photolithography-related and bank shares outperformed.
Changxin Technology’s debut became a major market event, with a massive first-day gain, record turnover, and a market value that briefly made it the largest in A-shares.
Industrial profits in China rose strongly in the first half, up 18.7% year on year, supported by fast-growing new industries such as electronics and manufacturing upgrades.
Other major developments included an 东方证券 plan to acquire Shanghai Securities for about 251.2 billion yuan, plus a wave of AI, semiconductor, and biotech-related corporate and policy news.

Tokyo stocks slumped sharply, with the Nikkei dropping 2,884 yen at midday and briefly losing more than 3,000 yen as continued selling hit semiconductor shares.

Tokyo stocks fell sharply in morning trading, with the Nikkei down 2,884 yen to 62,046, and losses briefly topping 3,000 yen as semiconductor shares kept sliding.
The index has dropped 10,000 yen from its record high, as weaker U.S. stocks triggered selling in semiconductor names and pushed it below 63,000.
Japan’s minimum wage review entered its sixth meeting, with a possible increase from the current 1,121 yen toward the upper 1,100-yen range.
Trump called the Federal Reserve “political,” reinforcing worries about interest-rate policy amid comments that the U.S. still has one of the world’s lowest rates.
The yen traded in the mid-163 range against the dollar in both Tokyo and New York, with moves reflecting dollar demand and risk sentiment tied to the U.S.-Iran situation.
U.S. stocks rose again, with the Dow up 262 points, as markets viewed the halt in attacks on Iran as easing inflation concerns.
The government is exploring a plan to effectively make food consumption tax zero, using cash benefits and other support, though funding and implementation remain major challenges.
In response to the Kumamoto earthquake, multiple companies suspended operations or temporarily closed stores and facilities, including Mercian, Suntory, TSMC, Honda, Lawson, FamilyMart, and McDonald’s.
TSMC said its Kumamoto factory workers were safe and confirmed the building’s safety, helping ease immediate concerns about the plant.
Japan’s nationwide minimum wage was set at 1,176 yen on average, a record increase of 55 yen, while earthquake damage also disrupted factories, retail, logistics, and communications in Kumamoto.

Wall Street giants including BlackRock and Fidelity backed the Clarity Act, marking a major push for clearer U.S. crypto regulation.

Major financial firms like BlackRock and Fidelity are supporting the Clarity Act, signaling stronger institutional interest in clearer crypto regulation.
Ethereum startup EthSystems says privacy may be the missing ingredient for banks to use public blockchains more widely.
Russia is preparing new digital depository rules as it moves toward a broader crypto framework expected this fall.
Hyperliquid is pushing crypto perpetuals further into DeFi, expanding the “money LEGO” style of composable finance.
Zcash’s shielded pool has grown to $1.7 billion after the Ironwood upgrade went live, highlighting demand for privacy-focused transactions.
Morgan Stanley is launching ether and solana exchange-traded products after the success of its bitcoin fund.
Core Scientific is shifting toward AI by striking an AMD deal even as its bitcoin mining operations wind down.
A new report says Binance’s efforts to combat crypto crime may be making investigations and enforcement harder.
Apple is facing a lawsuit alleging it left a fake bitcoin wallet on the App Store after a theft report tied to an $875,000 loss.
Bitcoin’s recent price stability has not yet triggered a broader altcoin rally, while market headlines show regulation, exchange shakeouts, and volatile ETH, XRP, and BTC trading remain key themes.

Disclaimer:
The information provided on this website is for informational and educational purposes only and should not be construed as financial, investment, trading, or other professional advice. All opinions, analyses, and commentary reflect the personal views of the respective authors and do not constitute recommendations to buy, sell, or hold any assets, securities, or cryptocurrencies. While every effort is made to ensure the accuracy and timeliness of the information presented, no warranty, express or implied, is given regarding its completeness, reliability, or suitability. Financial markets, particularly cryptocurrencies and digital assets, involve significant risk and volatility. You should conduct your own research, seek independent advice from licensed financial advisors, and assess your risk tolerance before making any investment decisions. The website, its contributors, and affiliates assume no liability for losses or damages arising from the use of or reliance on any information contained herein. External links are provided for convenience and informational purposes only; the site has no control over and assumes no responsibility for their content or policies. By using this website, you acknowledge and agree to these terms.