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An Iraqi militia group warned on July 20th that it would directly engage US forces if Washington escalates actions against Iran. The group threatened to target all American interests and bases in Iraq and the Middle East, while denying recent attacks on US installations.
Read MoreHKEX responded to market rumors about extending stock trading hours and canceling the lunch break on July 20. While confirming ongoing studies to enhance market competitiveness, HKEX clarified that the current priority is extending trading hours for the derivatives market, not the stock market.
Read MoreMorningstar analysis indicates the new Kimi K3 model offers top-tier performance at highly competitive pricing, potentially disrupting the AI market. While advancing ecosystem development, it pressures hardware-dependent AI companies' profitability.
Read MoreChina's Foreign Ministry confirmed communication with the US regarding leaders' interactions this year, indirectly affirming President Xi Jinping's planned September visit remains on schedule. Spokesperson Lin Jian emphasized the irreplaceable strategic role of summit diplomacy in bilateral relations.
Read MoreBlackstone's private equity arm has made a major strategic investment in Korean robotics specialist Futronic to fuel its global growth. Futronic, with decades of expertise in high-precision actuators and motion control, is expanding from automotive and industrial robotics into humanoid and general-purpose robots. The partnership leverages Blackstone's global scale and Futronic's engineering prowess to capitalize on the convergence of AI and the physical world.
Read MoreEuropean stocks opened mostly lower on July 20, with Germany's DAX, France's CAC 40, and the UK's FTSE 100 all declining. The Euro Stoxx 50 remained flat, indicating cautious market sentiment at the open.
Read MoreOn July 20, CSRC Chairman Wu Qing met with investors, pledging measures to attract long-term capital and regulate quantitative and AI-driven trading. The meeting emphasized market stability, listed company quality, and investor protection, signaling strengthened oversight for high-quality market development.
Read MoreA new ITIF report warns the U.S. is lagging behind China in humanoid robotics, with Chinese firms capturing nearly 90% of global sales in 2025. The gap is attributed to the lack of a U.S. national strategy and slower business adoption. The report calls for increased R&D, domestic manufacturing support, and faster deployment to restore competitiveness.
Read MoreUpcoming policy meetings are expected to reinforce economic easing to counter soft growth, while maintaining strategic focus on high-tech sectors like AI amid global competition.
Read MoreBloomberg reports that the correlation between the KOSPI and Nasdaq 100 has surged to 0.46, nearing a two-year high. Global fund managers are now viewing the Korean market, especially tech giants like Samsung Electronics and SK Hynix, as a leading indicator for gauging worldwide AI investment sentiment.
Read MoreA new Chinese AI model, K3, has reached global tier-1 status, challenging frontier models in areas like agentic coding. Analysts see this as a watershed moment that will lower costs and barriers for application developers, accelerating the commercial rollout of AI across industries.
Read MoreOn-chain data reveals Abraxas Capital moved approximately $18 million worth of assets, including USDT and XAUT, to two major cryptocurrency exchanges. Such significant transfers are often interpreted as potential signals for upcoming market activity, drawing attention from analysts and traders.
Read MoreOn July 20, Kweichow Moutai's stock surged nearly 6%, closing higher than Yuanjie Tech. The reversal was triggered by Moutai's announcement of price increases for its flagship Feitian Moutai liquor on its official platform, effective July 18. This move is seen as a demonstration of its strong pricing power.
Read MoreSouth Korea's KOSPI index plunged 4.46% on July 20, marking one of its worst single-day drops. Tech giants Samsung Electronics and SK Hynix led the decline, reflecting deep investor concerns over global growth and the tech cycle.
Read MoreBitcoin has broken below the key $64,000 support level, currently trading at $63,956.48 with a 24-hour decline of 1.18%. Amid heightened market volatility, investors are advised to strengthen risk management as prices experience significant fluctuations.
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