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US stocks rallied sharply as Microsoft’s stellar AI-driven forecast sent chip shares soaring and eased fears over heavy AI infrastructure spending.

Jeffrey Gundlach is adjusting his investments after the Fed kept interest rates unchanged.
McDonald’s stock is forming a technical setup that may signal a potential buy.
More stocks are trading above an important technical threshold than at any point in the past two years.
Big oil companies are expected to post strong earnings, but smaller energy stocks may offer better opportunities.
A utility stock favored by Josh Brown appears ready for a breakout.
Jersey Mike’s is preparing to go public, and one analyst already views the sandwich chain as a buy.
Analysts think Meta’s earnings have lowered the stock’s upside potential.
Microsoft’s earnings may mark an important turning point for the stock.
Strong Microsoft guidance is fueling a rally in semiconductor shares and reinforcing the AI trade.
Market sentiment remains highly bullish overall, even as some investors worry about heavy concentration in the “Magnificent 7.”

Hong Kong stocks edged up as the Hang Seng Index gained 25 points, with HSBC hitting a record high while Xiaomi plunged over 7%, highlighting a mixed market tone.

招商证券 said Budweiser APAC has not yet seen a recovery in the China market, so it cut the target price to HK$7.1.
Macau’s hotel industry posted a strong first half, with average room occupancy rising year on year to 90.4%.
Xuance expects strong first-half earnings turnaround, forecasting a profit of 72.51 million yuan and revenue growth of nearly 3.9 times.
Hong Kong’s new residential mortgage lending rose 25.8% month on month in June, while negative equity cases fell sharply in the second quarter.
Hong Kong’s foreign exchange fund total assets increased by HK$72.9 billion in June, and the government recorded a fiscal surplus in the first three months of the year mainly due to a transfer from the fund.
Mainland regulators issued new guidance to improve governance in financial institutions, with a focus on strengthening shareholder governance.
Macau’s economy grew in the first half, with preliminary GDP up 3.7% year on year and second-quarter growth at 0.3%.
Hong Kong’s second-quarter GDP grew 4.3%, but the result missed expectations.
China Evergrande-related property sector developments continued, including Vanke emphasizing loss control as a core annual goal despite near-term pressure.
Brokerage and market calls remained mixed across sectors, with upgrades for some solar glass and tech names, while major US and Asian stocks saw sharp premarket and earnings-driven moves.

Japan’s key market event was the Nikkei surging to a new high, closing up 2,494 yen at 64,362 as strong semiconductor earnings and resilient AI demand fueled broad buying.

English: The Nikkei continued rising, closing up 2,494 yen at 64,362, as semiconductor stocks reported strong earnings and confidence grew in steady AI demand. Summary: Japanese shares rose sharply because strong chip results reinforced AI-related optimism.
English: Public sentiment around videos related to Prime Minister Takaichi has shifted, with negative reactions on social media now being outnumbered by positive ones. Summary: Online opinion about the prime minister’s related videos has become more positive.
English: The Ministry of Land, Infrastructure, Transport and Tourism announced a personnel change, appointing Hideyuki Shiomi as administrative vice minister effective August 7. Summary: A senior transport ministry official will be replaced on August 7.
English: The Bank of Japan decided to hold off on raising interest rates, keeping policy rates around 1.0% and waiting to assess the impact of the Kumamoto earthquake. Summary: The BOJ left rates unchanged while it studies earthquake-related effects.
English: More than 2,000 items will be price hikes in August, including food and beverages, with the number up 80% from a year earlier, according to Teikoku Databank. Summary: August will bring a sharp rise in the number of products getting more expensive.
English: The Tokyo Stock Exchange briefly surged more than 3,200 yen, recovering the 65,000 level as buying intensified on expectations that AI-related demand remains strong. Summary: Investors kept buying stocks because AI demand still looks resilient.
English: The yen surged to the 157-yen range at one point, jumping 5 yen in 50 minutes, raising suspicions of large-scale foreign exchange intervention and hitting a two-and-a-half-month high. Summary: The yen strengthened very quickly, likely due to intervention concerns.
English: U.S. stocks rebounded, with the Dow up 613 points, as solid results from major IT companies eased concerns about the cost burden of AI investment. Summary: Strong tech earnings helped Wall Street recover and calmed AI spending worries.
English: The yen rose sharply again, briefly reaching the 158-yen range, and speculation about currency intervention grew stronger as it hit its highest level since late May. Summary: Market participants increasingly believe authorities may be intervening to support the yen.
English: Kioxia’s net profit jumped 46-fold to 842.1 billion yen, driven by robust memory demand, increased shipments, and higher selling prices. Summary: Kioxia delivered exceptional profits thanks to strong memory-chip demand and better pricing.

Bitcoin remained calm around $64,000 even as major crypto firms and traders faced mixed signals from losses, ETF flows, and a major wallet security flaw, keeping the market balanced ahead of a potential volatility breakout.

Crypto-linked companies are increasingly using treasury strategies and balance-sheet assets to help finance AI data center expansion.
Bitcoin remains unusually stable for now, but analysts say the calm may be setting up a sharp volatility spike.
Japan keeping interest rates at 1% is helping preserve the yen carry trade, which is supporting steady conditions in bitcoin.
Bitcoin is holding near $64,000 even as Japan’s Kospi index posts a record 17% surge, showing crypto is not reacting much to the rally.
A major flaw in a bitcoin wallet led to the draining of 594 BTC in a rapid 25-minute theft.
Strategy reported an $8.2 billion second-quarter loss, largely driven by the decline in bitcoin’s price.
Coinbase shares fell about 5% after the company missed Wall Street’s second-quarter revenue expectations.
Global banks are testing tokenized money for cross-border transfers in a $1 million pilot organized by the BIS.
Ondo Finance is considering a potential acquisition that could be valued at as much as $500 million.
Across the broader crypto market, attention is shifting to regulation, ETF flows, prediction models, and altcoin momentum such as Ethereum, BNB, and Dogecoin.

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