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Wall Street closed at a record high as the S&P 500 hit an all-time peak, fueled by strong earnings and easing rate-hike fears.

Mizuho highlighted its top real estate picks for August, noting that they also offer attractive dividend yields.
Bank of America said a power company could be a way to play Anthropic’s potential IPO and still has upside left.
Bill Ackman bought Netflix again after exiting four years ago, arguing the company has already won the streaming wars.
Bank of America pointed to a data stock as another possible way to gain exposure to the AI trade.
Jefferies said Five Below, after a strong run this year, may still have more room to rise.
Bank of America said an AI-linked stock has more than tripled in 2026 but still appears to have momentum.
Market commentary suggested the financials sector is benefiting from broadly favorable conditions right now.
Applied Materials reported results and guidance that were mixed versus estimates, causing the stock to slide despite a solid earnings beat.
Wall Street closed higher and the S&P 500 reached a new record, with gains also helped by several major stocks.
Other notable moves included a corn futures surge on USDA supply news, plus additional updates on earnings, contracts, and market outlooks.

MTR plans to bid for Kai Tak smart transport project, while its first-half profit surged 105.9% year on year to HK$15.872 billion, underscoring strong Hong Kong market momentum.

Airport and transport: MTR plans to bid for the Kai Tak smart transport project, showing continued investment in Hong Kong’s urban mobility infrastructure.
Hong Kong property: Cheung Kong says the local housing market improved steadily in the first half, but momentum may slow if interest rates stay high.
Regulatory clarification: Cheung Kong’s Ma Li-zhi said China’s taxation of residents’ overseas income is not a new policy, but recent announcements provide clearer compliance guidance.
AI memory expansion: SK Hynix will invest about US$720 billion to build AI memory production capacity in South Korea and the United States.
Public housing wait time: Hong Kong’s latest average public rental housing waiting time rose slightly to 4.8 years, up 0.1 year quarter-on-quarter.
European industry data: Eurozone industrial production in June was flat month-on-month, beating market expectations.
JD group results: JD Logistics, JD Industrials, and JD Health all reported higher interim profits, reflecting solid earnings growth across JD’s ecosystem.
Semiconductor strength: SMIC and Hua Hong reported strong quarterly profit growth, with Hua Hong also posting record sales revenue.
Telecom and mobile: China Mobile’s interim net profit fell 6.3%, though its dividend was raised, while China Unicom-related telecom peers also showed mixed performance.
Market and policy backdrop: China’s central bank will conduct multiple overnight reverse repo operations, signaling continued liquidity support and a more active policy stance.

Tokyo stocks extended gains and briefly returned to the 68,000-yen level, led by buying in AI and semiconductor shares amid a weaker global outlook.

Skylark plans to expand “ghost restaurants” focused on delivery and takeout, in response to a possible consumption tax cut.
The Tokyo stock market rose again, closing up 784 yen and reclaiming the 68,000-yen level for the first time in about a month, led by buying in AI and semiconductor stocks.
Japan’s corporate goods price index in July rose 7.2% year on year; the pace slowed, but prices remained at a high level.
Tokyo stocks briefly recovered to 68,000 yen, helped by gains in U.S. semiconductor shares, with Advantest and similar stocks bought up.
The yen strengthened to the 159-yen range in Tokyo trading as expectations for further Fed rate hikes faded and dollar selling/yen buying dominated.
Households are seeing more income from interest and dividends, and some investors are looking for “balanced spending” opportunities, with companies like stocks and H2O cited as promising.
The yen in New York traded in the mid-159-yen range, with dollar buying and yen selling slightly favored after the reaction to possible currency intervention.
U.S. stocks fell for a third straight day, ending down 21 points, as uncertainty over the Middle East weighed on sentiment and Nike and other names weakened.
The central government is considering covering revenue losses for local governments caused by a consumption tax cut, out of concern for public services in affected areas.
Companies are strengthening heat-countermeasure measures for workers, including ice packs, salt candy, and AI-based heatstroke diagnosis, amid growing climate-related risks.

Tether said it completed the long-awaited audit of the finances backing its $180 billion USDT stablecoin, a major credibility milestone for the world’s largest dollar-pegged crypto asset.

Tether says it has completed the long-awaited “Big Four” audit related to the reserves supporting its $180 billion USDT stablecoin.
Trezor alerted 14,000 customers after a breach at a fulfillment partner exposed customer data.
A new piece examines the gap between crypto market activity and the quality of advice available to financial advisors.
B2C2 hired a former Schroders executive as it targets rising demand for crypto wealth in Asia.
Kalshi is reportedly seeking a $750 million funding round from Sequoia and Wellington at a $40 billion valuation.
Swissquote lowered its full-year outlook after first-half crypto income fell sharply, sending its shares lower.
A South Korean crypto platform operator received a 15-year prison sentence over a $50 million fraud scheme.
Figure said revenue doubled as trading activity on its blockchain-based loan marketplace increased significantly.
Bullish shares jumped 14% because subscription revenue helped offset weakness in digital asset trading.
Strategy and Metaplanet’s unrealized bitcoin losses underscore the danger of concentrating heavily on a single token.

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