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Wall Street’s major indexes fell as investors waited for big retailers’ earnings and watched rising oil prices amid mounting US-Iran tensions, highlighting growing pressure on risk assets.

Stock futures weakened as Wall Street braced for another down session, with traders watching for fresh moves in oil, rates, and earnings.
AI-driven productivity gains could give a major lift to select stocks, according to Goldman Sachs.
A small-cap ETF reached a new high, and its holdings are notable for having plenty of cash on hand.
Some memory-chip stocks are breaking through important technical resistance levels, which may signal further upside.
Refiner stocks have been on an unusually strong run, but historical patterns suggest the rally may not last much longer.
Retail earnings and oil prices are key focus points for market watchers this week, especially NYSE strategist Jay Woods.
Prediction markets now put roughly 1-in-4 odds on Paramount’s bid for Warner Bros. failing.
Stanley Druckenmiller increased bets on Amazon and semiconductor stocks before the market’s July selloff.
Harvard reportedly made a massive $2.2 billion investment in SpaceX, underscoring strong institutional interest in Elon Musk’s company.
Investors are seeing rising threats to risk assets, while others remain optimistic about a possible productivity boom and the S&P 500’s record high.

HK stocks ended slightly higher as Alibaba rose more than 3% to lead the market, helping the Hang Seng Index close up 17 points at 25,471 despite a 42-point drop in the Hang Seng Tech Index.

Bank of China (Hong Kong) helped the Canada Export Development organization issue its first Yuenen bond worth 3 billion yuan.
Baidu’s adjusted net profit fell 46.3% in the second quarter to 2.573 billion yuan, and its U.S.-listed shares dropped more than 4% before the market opened.
Weimob reported a wider first-half loss of 157 million yuan.
Fuyao Glass said first-half net profit declined 17.37% to 3.97 billion yuan, while its interim dividend was raised to 1 yuan per share.
HKEX plans to optimize the Hang Seng Hong Kong Tech 100 Index by cutting the maximum weight of each constituent to 8%.
The State Council said housing provident fund withdrawals for rent payments will no longer be restricted by a household income-to-rent ratio threshold.
Ping An Healthcare reported adjusted first-half net profit of 227 million yuan, up 37.7% year on year.
Pony.ai’s second-quarter loss widened to $59.844 million, but robotaxi service revenue surged 6.9 times and its U.S. shares rose 2.3% premarket.
Hong Kong’s population reached 7.5183 million by mid-year, up 19,400 from a year earlier.
China Unicom’s first-half net profit fell 34.6% to 9.468 billion yuan, even as computing power revenue rose 13%; no dividend was declared.

JP market fell sharply as Tokyo stocks dropped for a sixth straight session on mounting Middle East geopolitical concerns, with the Nikkei briefly breaking below 68,000 and ending down 1,759 yen.

Stablecoins are expected to change financial infrastructure by becoming more widely used as a next-generation payment and settlement tool.
The Tokyo stock market fell sharply, ending with a 1,759-yen drop amid growing concern over the outlook in the Middle East, pushing the index below 68,000.
Sweden, known as a cashless society, is making cash payments mandatory in some cases to prepare for possible attacks from Russia and to strengthen social resilience.
Japanese government bond yields rose to 2.945%, the highest level in 29 years and 10 months, with the 3% mark now in sight.
The yen traded in the 159-yen range against the dollar in early Tokyo trading, with the dollar strengthening by 38 sen from the previous day.
European stock markets also declined as investors moved toward risk aversion because of heightened tensions involving the United States and Iran.
JR Kyushu identified 12 local rail sections as being at a level that could lead to discussions about continuation or closure, based on projected 2025 ridership on lines such as the Nichinan and Chikuhi lines.
The cost of Osaka’s Naniwa-suji Line project has doubled to 642.5 billion yen due to rising material prices, although the planned opening target will be maintained.
Shionogi Pharmaceutical will effectively abolish mandatory retirement from fiscal 2027, renewing employment contracts yearly even after age 65.
Other major business and transport changes include Japan Airlines lowering fuel surcharges from September, Don Quijote posting record profits, and stricter baggage check-in deadlines at Haneda Airport to reduce delays.

Citi’s plan to launch bitcoin custody for institutional clients signals growing mainstream adoption of crypto among major financial firms.

Bitcoin has become subdued as traders pursue bigger returns in other assets.
Kraken is adding U.S. stocks in Europe, showing the line between traditional finance and crypto is becoming less distinct.
A Trump-backed crypto project is separating itself from WorldClaw amid concerns tied to Hong Kong AI aggregation.
Bitcoin miners are benefiting from a shift into AI, though mining demand could rebound under the right conditions.
Rising global bond yields are increasing debt-fear pressure and challenging bitcoin’s image as a safe hedge.
Metaplanet in Japan is creating a U.S. bitcoin treasury company through a $135 million small-cap deal.
HashKey is using Hong Kong’s first regulated stablecoin to handle insurance and trade settlement.
Citi intends to offer bitcoin custody services to institutional clients later this year.
The crypto industry’s easy-profit phase is fading, and more failures are appearing across the market.
Crypto support in Cash App is expanding beyond bitcoin and USDC through MoonPay integration.

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