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The Latest Breaking News from China

Strength in Chip Stocks Lifts the Overall Market

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Monday closed up +0.58%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.07%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.18%. Stocks on Monday settled mixed. The strength in chip...

Barchart

Strong T-Note Yields and Weak Asian Currencies Boost the Dollar

The dollar index (DXY00 ) Monday rose by +0.33% and posted a 5-week high. Higher T-note yields Monday strengthened the dollar’s interest rate differentials and supported the dollar. Also, concerns about China’s worsening debt crisis knocked the yuan down to a 6-week low against the dollar Monday. In addition, central...

Barchart

Crude Closes Lower on Dollar Strength and Chinese Economic Woes

September WTI crude oil (CLU23 ) on Monday closed down -0.74 (-0.89%), and Sep RBOB gasoline (RBU23 ) closed down -5.87 (-1.98%). Crude oil and gasoline prices Monday settled moderately lower. Monday's rally in the dollar index (DXY00 ) to a 5-week high pressured energy prices. Also, concerns that a...

Barchart

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Intel's Tower Acquisition Deadline is Tomorrow, but Doubts Remain

China still has not approved Intel's acquisition of Tower semiconductor, which has a deadline on August 15.

Tom’s Hardware

Intel CEO Says It Should Get More CHIPS Act Money Than TSMC, Samsung

Intel should get the biggest slice of CHIPS Act funding as it conducts its R&D in the US, reckons CEO Pat Gelsinger.

Tom’s Hardware

Inside China’s EV Graveyard: Journalist Debunks Allegations Against Carmakers

Journalist claims that allegations against Chinese automakers are false and that the EV graveyard exists due to failed ride-sharing companies.

InsideEVs

Snapdragon 8 Gen 3 could miss some Android flagships — and that’s great news for iPhone 15

A source out of China claims that some Android flagships may turn to Snapdragon 8 Gen 2 or Dimensity chips as the Snapdragon 8 Gen 3 figures to be an expensive option.

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Crude Prices Slip on Dollar Strength and Chinese Economic Concerns

September WTI crude oil (CLU23 ) this morning is down -0.42 (-0.50%), and Sep RBOB gasoline (RBU23 ) is down -5.78 (-1.95%). Crude oil and gasoline prices this morning are moderately lower. Today's rally in the dollar index (DXY00 ) to a 5-week high pressures energy prices. Also, concerns that...

Barchart

India, China hold 19th round of Corps Commander-level talks to end LAC stand-off

India and China held the 19th round of Corps Commander-level talks, as part of the ongoing efforts for overall disengagement and de-escalation to resolve the stand-off in eastern Ladakh

The Hindu

China’s defence minister visits Russia and Belarus in show of support

Beijing says visit underscores drive by China and Russia to align foreign policies to undermine West-led world order.

Al Jazeera

Latest on Ukraine: Ukraine makes some gains; China's defense minister visits Russia

Catch up on key developments and the latest in-depth coverage of Russia's invasion of Ukraine.

WEKU

Owaisi hopes PM Modi to condemn demolitions in Nuh, ‘targetted’ violence in I-Day speech

NEW DELHI: AIMIM president and Lok Sabha MP from Hyderabad Asaduddin Owaisi on Monday expressed the hope that Prime Minister Narendra Modi will condemn the demolition drive in Nuh district of Haryana and the “targetted” violence against a particular community in the country in his Independence Day speech from the…

The Times of India

Stocks Push Higher as Chip Stocks Lead Gains in Tech

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.34%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.04%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.75%. Stocks this morning are moderately higher. Strength in Nvidia...

Barchart

Intel Raptor Lake Mobile Chips Soldered Into Micro-ATX Motherboards for $180

If you fancy using a Raptor Lake Mobile chip as the foundation of a mini desktop build, China's Erying has you covered with its MoDT motherboards.

Tom’s Hardware

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The Week

Inflation vs. deflation: which is worse for national economies?

As sky-high inflation may finally be coming down for many major economies, falling prices and lacklustre growth in China are stoking fears of a deflationary spiral.

Barchart

Markets Today: Stocks Fall on Negative Carryover from China’s Debt Crisis

Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are down -0.15%, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are down -0.14%. Stock indexes this morning gave up an overnight advance and are modestly lower. Higher T-note yields this morning are a bearish factor for stocks. Also,...

Barchart

Stocks Set to Open Lower as Investors Await FOMC Minutes, Retail Earnings

September S&P 500 futures (ESU23) are down -0.09%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.05% this morning as market participants looked ahead to the release of the minutes of the Federal Reserve’s latest policy meeting as well as quarterly earnings reports from high-profile retailers.

Fortune

Country Garden's troubles are just the latest piece of bad news for China's flailing economy

The damage to China's economy from the real estate crisis has already been done.

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Space

China makes Chang'e 5 moon samples open to international researchers

China is making lunar material collected by its Chang'e 5 moon mission available to research proposals by international scientists for the first time.

Fortune

Tesla restarting its price war in China with new cuts

Tesla is cutting the prices of some of its Model Y cars by just over $1900 as it seeks to juice weak sales in China.

The Guardian - AU

Anthony Albanese vows to press Xi Jinping to remove trade barriers on Australian wine, lobster and beef

PM says at next meeting with leader of China he will make point that removing tariffs is ‘in best interests of everyone’

Barchart

Stocks Set to Open Higher as Investors Await FOMC Minutes, Retail Earnings

September S&P 500 futures (ESU23) are up +0.12%, and September Nasdaq 100 E-Mini futures (NQU23) are up +0.15% this morning as market participants looked ahead to the release of the minutes of the Federal Reserve’s latest policy meeting as well as quarterly earnings reports from high-profile retailers.

The Independent UK

Chinese Defense Minister Li to visit Russia and Belarus in show of support despite West's objections

Chinese Defense Minister Li Shangfu is visiting Russia and Belarus in a show of support for those nations which the West has sought to isolate over the Russian invasion of Ukraine

Evening Standard

FTSE 100 Live: China property fears hit shares, Russian Ruble falls to lowest since March 2022

Concerns over China’s debt-laden property sector today meant a downbeat start to the week for global stock markets.

Caixin Global

Shanghai Composite Index Fell 0.34% on Monday

Shenzhen Component Index closed down 0.5%

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