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Amazon disclosed massive AI investments, including $1.3 billion in convertible notes plus $10 billion in non-voting preferred shares to an AI firm. Notably, the company invested $28.7 billion in OpenAI's Series C preferred shares over six months, with $13.7 billion concentrated in Q2 alone, signaling aggressive expansion in AI competition.
Read MoreOn July 31, USD/JPY experienced a volatile V-shaped recovery. After plummeting over 150 points to a low of 158.53, the pair staged a strong rebound, erasing all intraday losses and ending slightly higher near 159.43.
Read MoreOn July 31st, the forex market witnessed sharp volatility as the Japanese yen strengthened rapidly against major currencies. USD/JPY plunged approximately 150 points, fueling widespread speculation about a potential second round of covert intervention by Japanese authorities to defend the yen's value.
Read MoreOn the first day of South Korea's new leveraged ETF trading restrictions, total turnover for these products plunged 75.3% to 3.3 trillion won. The sharp drop demonstrates the immediate impact of regulatory measures aimed at curbing speculative capital flows in single-stock leveraged ETFs.
Read MoreAn economist highlights Bitcoin's evolution into a standardized financial asset that now serves as a leading indicator for market liquidity. Meanwhile, the AI industry faces a critical transition from infrastructure to application, with commercialization challenges potentially impacting the entire sector.
Read MoreOn July 31, several tech stocks including Kioxia, SoftBank Group, and GigaDevice hit limit-up prices, triggering temporary trading halts. The trading platform activated an internal pricing mechanism to maintain order until the underlying exchanges resume. The move involves specific price discovery reset rules amid high volatility.
Read MoreThe Bank of Japan may bring forward its next rate hike to September or October, according to State Street's Masahiko Loo. Governor Ueda expressed concern over inflation overshoot risks, signaling potential for faster tightening if financial conditions remain too loose, with a terminal rate around 1.5%-1.75%.
Read MoreThe auction for the Naver trading code under Hyperliquid's HIP-3 proposal concluded on July 31st, fetching a final price of 516.99 HYPE tokens. This event marks a significant step in decentralized governance and asset valuation, setting a precedent for the protocol's development.
Read MoreThe USD/JPY pair experienced a sharp intraday decline, briefly falling to the key 159.00 level. The sudden drop of over 0.3% has heightened market focus on potential intervention and near-term support zones for the yen.
Read MoreOn July 31, the US Dollar Index (DXY) experienced a sharp intraday drop of over 20 points, briefly touching 99.92. This triggered a rapid rally in major non-USD currencies, with GBP/USD and EUR/USD both gaining more than 10 pips. The sudden move has drawn attention to potential shifts in short-term capital flows.
Read MoreHang Seng Indexes launched the Hang Seng Stock Connect Hong Kong AI Infrastructure Index on July 31. This new index tracks Hong Kong-listed companies accessible via Stock Connect that provide foundational technologies for AI development, including semiconductors, hardware, and key components, offering a targeted investment tool for the AI infrastructure sector.
Read MoreHong Kong stocks closed mixed, but semiconductor ETFs stole the show. A 2x long SK Hynix ETF skyrocketed over 67.5%, while a similar Samsung ETF surged nearly 48%. Other tech stocks like ZhiPu and MiniMax also posted double-digit gains, highlighting intense market focus on memory chips and AI computing.
Read MoreGoogle's stock rose nearly 3% pre-market after DeepMind unveiled Gemini Robotics 2, a new AI model for humanoid robots. The system translates camera input and natural language commands into motor controls, achieving a 92% success rate in tasks like unscrewing a lightbulb.
Read MoreApple's stock tumbled over 7% premarket following its Q3 earnings. While total revenue slightly beat estimates, key growth drivers—services revenue and Greater China sales—fell short. A disappointing Q4 revenue outlook and ongoing supply chain issues further rattled investor confidence.
Read MoreSemiconductor stocks are rallying in pre-market trading, led by TSMC with over 4% gains. Major players like ASML, Arm, and Broadcom also saw significant upticks, reflecting renewed investor confidence in the chip sector's prospects amid potential demand recovery.
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