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Iranian President Masoud Pezeshkian firmly stated he will not resign in a televised interview, pledging to continue his duties amid internal rumors. This declaration addresses recent claims by senior clerics about his alleged resignation threats, highlighting potential power struggles within Iran's leadership and raising questions about political stability.
Read MoreKorean retail investors are rapidly exiting the stock market, with their share of KOSPI trading plunging to around 31% in July, nearly halving from January. Amid high volatility, investors sell on any rebound, while foreign investors now dominate. Over-reliance on a few tech giants is a key factor driving the exodus.
Read MoreVisa has agreed to acquire fraud detection specialist BioCatch for $2.4 billion in cash, aiming to integrate its behavioral biometrics technology to significantly bolster cybersecurity and anti-fraud capabilities. The deal, pending regulatory approval, is expected to close by the end of Q2 FY2027.
Read MoreSouth Korea's stock market saw a dramatic turnaround on August 4th. The KOSPI index, after falling over 2% earlier, closed up 1.62%. The KOSDAQ index surged 5.88%, marking its third consecutive gain and triggering a brief trading halt due to heavy buy-side program trading.
Read MoreOn August 4th, the Nikkei 225 index continued its upward momentum, closing 0.32% higher at 63,957.53 points. Market attention centered on the strong performance of memory chip maker Kioxia, whose shares surged over 4%, providing significant support to the broader market.
Read MoreAmid a global shortage of memory chips driven by AI infrastructure demand, major PC makers like HP, Asus, and Acer have begun limited adoption of DRAM chips from Chinese manufacturer CXMT. This represents a cautious supply chain diversification, though scale remains small.
Read MoreApple has filed for a preliminary injunction to block OpenAI and two former employees from using its alleged trade secrets. The lawsuit accuses them of leveraging stolen information to aid OpenAI's push into consumer hardware, escalating public tensions in the AI race and highlighting fierce competition over future technology.
Read MoreDeepSeek V4 Flash climbs to second place on Kilo Code's coding leaderboard, while Chinese models dominate OpenRouter's weekly rankings. The White House is developing a voluntary evaluation framework for frontier AI models, signaling new phases in global governance and market competition.
Read MoreGoldman Sachs data reveals hedge funds are buying US tech stocks at the fastest pace since December 2022, marking the third-largest weekly net purchase in five years. Strongest demand is for software, semiconductors, and hardware, with the 'Magnificent 7' seeing four straight days of inflows, signaling a major shift in market sentiment.
Read MoreApple's incoming CEO John Ternus has recruited former hardware engineering VP Laura Legros out of retirement to join his new leadership team. This move signals a focus on strengthening hardware expertise within Apple's top management.
Read MoreOn August 4th, China's STAR 50 Index closed up more than 4%, leading the market rally. Semiconductor stocks within the index were particularly strong, with YJ Technology surging over 13% and VeriSilicon Microelectronics gaining over 10%, highlighting renewed investor confidence in the tech sector.
Read MoreMajor South Korean exchange Bithumb has added MetaDAO (META2) and the Global Dollar (USDG) stablecoin to its Korean Won trading market. This expansion provides new investment options and enhances liquidity for KRW-based traders.
Read MoreMorgan Stanley's latest report highlights slowing service revenue growth and weak margin guidance for Apple, citing forex headwinds, soft gaming demand, and rising supply chain costs. While maintaining an Overweight rating, the firm sees limited near-term catalysts until new iPhone launches, AI upgrades, and regulatory clarity emerge.
Read MoreSamsung regained the top spot in Q2 2026 DRAM market with 39% share, but the standout was CXMT's 716% revenue surge. Analysts suggest market dynamics could shift further if CXMT expands capacity to meet growing domestic and international demand.
Read MoreChina has led the development and global release of the "WiTSnet Industrial Ethernet Communication Protocol" standard through the International Electrotechnical Commission (IEC). This pioneering protocol features a dynamic network architecture, achieves sub-10-nanosecond device synchronization, and ensures end-to-end high reliability, marking a significant step in industrial communication technology.
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