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US stocks ended mixed as global tech weakness and a wave of earnings reports kept Wall Street cautious, with mixed results from major names like Visa, PayPal, Seagate, and Meta shaping sentiment.

Microsoft short interest has climbed to a 10-year high as investors question whether heavy AI spending will pay off.
States are challenging the CFTC’s power to regulate sports prediction markets, arguing the agency lacks authority.
Analysts at Morgan Stanley recommend buying high-quality dividend stocks, especially in uncertain markets.
Wolfe suggests stocks with strong earnings may outperform in a choppy trading environment.
Chip stocks have been under major pressure, raising doubts about whether the weakness is temporary or more serious.
Meta may steer clear of social-media policy topics on its earnings call, according to traders watching Kalshi markets.
Investor attention remains focused on AI spending, with some strategists saying the technology is spreading beyond tech into the wider economy.
UBS warns the market is becoming less willing to reward unlimited AI capital spending.
Major earnings reports showed mixed but often strong results, including beats from Visa, Bloom Energy, PayPal, Seagate, and KLA.
Apple reached a historic $5 trillion valuation, while other headlines highlighted AI leaders, infrastructure plays, and broad market rotation themes.

Hong Kong stocks closed higher as the Hang Seng Index rose 103 points to 25,310, with banks hitting new highs even as gold miner Laopu Gold plunged over 23% after a sharp downgrade on weaker-than-expected quarterly 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 mixed to mildly positive; Dow futures edged up, Johnson & Johnson rose premarket after resolving litigation, Barclays fell after earnings, and Unilever climbed more than 6%.
Reports say PetroChina is considering selling part of its LNG Canada stake.
Analysts from major brokerages have updated ratings, target prices, and views on Lao Pu Gold after recent developments.
Yuanyang Dairy expects to swing to a first-half profit of about RMB 739 million to RMB 903 million.
Hong Kong stocks closed higher by 103 points, but Lao Pu Gold plunged over 23%, while banks and several major Chinese lenders hit record highs.
After a magnitude 7.1 earthquake in Kumamoto, Japan, TSMC shares fell nearly 3% premarket as the company checked the condition of its factories.
In Hong Kong property, a connected unit and parking space at East Asia Garden in Kwun Tong sold for HK$35.66 million, at about HK$4,290 per square foot.
There are reports that Xiaomi has filed to register multiple trademarks related to “Pengcheng.”
The day’s broader news highlighted major themes: A-share market support measures, Changxin Technology’s huge debut, rising gold prices, industrial profit growth, AI and token-related regulation, major corporate M&A, and several policy and safety updates.

Tokyo stocks fell sharply as semiconductor shares continued to slide, with the Nikkei dropping over 2,800 yen and briefly exceeding a 3,000-yen decline.

Docomo Financial Group plans to launch a trial version of its financial AI by this fall, aiming to advise on investment management and attract younger users.
The Tokyo Stock Exchange fell sharply in the morning, ending the session down 2,884 yen at 62,046 yen, with the decline briefly exceeding 3,000 yen and semiconductor stocks continuing to weaken.
Tokyo stocks have dropped 10,000 yen from their record high, as weaker U.S. markets triggered selling in semiconductors and pushed the Nikkei below 63,000 yen.
Japan’s minimum wage review entered its sixth meeting, with discussion centered on raising the current 1,121 yen level into the upper 1,100-yen range.
Trump claimed the Federal Reserve is “political,” fueling concern about interest-rate policy, while saying the U.S. still has one of the lowest interest rates in the world.
The dollar opened in the upper 163-yen range in Tokyo, with the yen weakening by 25 sen against the dollar as of 9 a.m. compared with the previous day.
In New York, the yen strengthened slightly to the upper 163-yen range, supported by dollar selling and yen buying amid developments involving the U.S. and Iran.
U.S. stocks rose for a second straight session, with the Dow up 262 points as concerns eased that halted U.S.-Iran attacks could accelerate inflation.
Plans are being discussed to offset costs through benefits equivalent to 1% of the burden, with 600 billion yen in allocations still to be decided.
In the Kumamoto earthquake aftermath, factories and stores rushed to confirm damage and assess logistics disruptions, while some mobile phone services were also harder to connect to.

Wall Street’s growing embrace of crypto accelerated as BlackRock, Fidelity, and Morgan Stanley backed new blockchain and ether/solana products, signaling stronger institutional adoption.

Ondo abandoned plans for a tokenized asset blockchain and instead will focus on a private, high-speed trading network.
Wall Street veteran Don Wilson argues that regulators are misjudging how perpetual futures should be regulated.
Major firms including BlackRock and Fidelity are backing the Clarity Act, showing growing support from traditional finance.
Ethereum startup EthSystems believes privacy features are essential if banks are going to adopt public blockchains.
Russia is preparing new digital depository rules as part of its broader crypto framework rollout expected in the fall.
Hyperliquid is pushing crypto perpetuals further into decentralized finance, expanding the space’s “money LEGO” style composability.
Zcash’s shielded pool has grown to $1.7 billion after the Ironwood upgrade went live, highlighting rising privacy usage.
Morgan Stanley has launched ether and solana exchange-traded products after the success of its bitcoin fund.
Core Scientific has secured an AMD AI deal while gradually winding down its bitcoin mining operations.
Binance is facing criticism in a new report that says its actions may make it harder to combat crypto-related crime.

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