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SpaceX shares passed a key test and investors are increasingly betting the stock has bottomed, highlighting renewed optimism around the company despite recent volatility.

Berkshire’s latest earnings could reinforce the idea that its stock is undervalued, and suggest that Abel and Buffett see that opportunity too.
Applied Materials is nearing an earnings release, and traders are looking for ways to position ahead of the report.
SpaceX received an upgrade, with Argus arguing that investors should not underestimate Elon Musk’s company.
JPMorgan turned more positive on Etsy, saying the business may be in a turnaround that could lift the stock by another 20%.
A digital health platform for doctors saw its shares climb more than 100% at one point, highlighting strong speculative interest.
An ETF is beating the S&P 500 this year, and every company in the fund is led by a woman.
One of the strongest long-term growth stories is reportedly a credit card stock on Josh Brown’s watchlist.
JPMorgan added an overlooked value stock to its list of preferred buys, signaling renewed interest in the name.
SpaceX shares held an important technical level, leading sophisticated traders to believe the recent bottom may already be in.
Broader market headlines point to rising oil prices, Micron momentum, gold easing, and concerns that current market winning streaks may be nearing an end.

Hong Kong stocks closed higher, with the Hang Seng Index reversing early losses to end up 137 points at 25,668, led by strength in the WuXi healthcare names and a sharp rally in Zhipu.

1. China Vanke’s Gudong PALO SPRINGS project launched 65 units, with prices starting at about HK$5.057 million after discounts.
2. Wang Xingxing said Unitree will actively explore more product forms and models, including humanoid robots.
3. China’s tax authority said taxing offshore insurance income is not a new policy and should not be overinterpreted.
4. Hong Kong stocks rebounded, with the Hang Seng Index closing up 137 points and biotech names such as WuXi Biologics surging strongly.
5. China’s foreign exchange reserves rose to US$3.4188 trillion in July, slightly below market expectations of US$3.42 trillion.
6. Hong Kong property prices showed a modest recovery, while the CCL index slipped slightly, indicating a mixed housing market trend.
7. SK Hynix announced a US$38 billion investment to build two new semiconductor fabs in South Korea.
8. Galaxy Entertainment partnered with Ant Bank to set up financial advisory service stations.
9. Volcano Engine launched the Seedance 2.5 API, enabling up to 30-second video generation output.
10. U.S.-China and global market themes centered on AI, semiconductors, metals, and robots, with strong attention on copper, lithium batteries, innovation drugs, and humanoid robotics.

Japanese markets were hit by sharp volatility as the yen jumped on weaker U.S. jobs data while Tokyo stocks briefly fell below 65,000 amid profit-taking in AI and semiconductor shares.

In New York, the yen surged sharply at one point into the low 157-yen range after the U.S. July jobs report, which weakened expectations for further interest-rate hikes.
The “All-Toshin Shock” became more evident, as Kansai’s July bankruptcy total topped 100 billion yen for the first time in 14 years, raising concerns about chain bankruptcies.
New National Tax Agency Commissioner Takanori Aoki said the agency will take strict action against malicious tax evasion and delinquency “as an organization.”
The Tokyo Stock Exchange saw the Nikkei briefly fall below 65,000 in the morning session as investors sold AI and semiconductor shares to lock in profits.
Japan spent 6.2 trillion yen on foreign-exchange intervention on April 30, the largest single-day amount on record, to curb the yen’s decline during the Golden Week holiday period.
The Tokyo foreign-exchange market opened with the yen in the 158-yen range, as rising U.S. long-term yields highlighted the interest-rate gap between Japan and the U.S., encouraging yen selling.
U.S. stocks fell as the Dow reversed after six straight trading days of gains on profit-taking, while the Nasdaq also extended its decline.
Reports said Donald Trump repeatedly called the head of the Federal Reserve, raising fresh questions about the central bank’s independence.
The yen weakened again to the mid-158-yen range in New York as concern faded over additional yen-buying intervention by Japan and the U.S., prompting dollar repurchases.
Japan Post suffered a system failure that prevented customers who chose delivery at post offices or convenience stores from receiving parcels, and the disruption may be nationwide.

The biggest crypto-market event is the Senate shelving the CLARITY Act, a setback that could slow U.S. crypto regulation and dampen sentiment across major tokens.

BitMEX’s planned sale fell apart because buyers were concerned about the founder’s continued ownership and the company’s shrinking business.
Bybit has taken legal action against North Korea and the Lazarus Group after a $1.5 billion hack, and it has also secured an asset freeze.
OKX’s Rafique is skeptical that the Clarity Act will pass, arguing that market optimism may already be reflected in bitcoin’s price.
A five-second exploit allowed traders to siphon millions from Polymarket, exposing a major vulnerability.
FTX’s remaining assets and operations are still relevant, with some viewing them as an argument in favor of the CLARITY Act.
Russia is tightening enforcement against unlicensed crypto exchanges that it says are connected to Ukraine.
The U.S. economy unexpectedly lost 23,000 jobs in July, increasing doubt about further Federal Reserve rate hikes.
Even if the Clarity Act fails, the crypto industry would continue evolving and adapting.
Bitcoin’s BIP-110 proposal remains alive despite minimal support from miners.
Bitcoin’s price swings have eased dramatically, but the underlying investment risk has not disappeared.

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