Overnight news on July 14: U.S. stocks closed lower, SK Hynix fell 9%, crude oil soared, copper prices rose, and the U.S. military launched air strikes on Iran for the third consecutive night
Closing on July 14: U.S. stocks closed lower, the Nasdaq fell more than 400 points, SK Hynix fell 9%, and oil prices soared due to tensions in the Middle East. Top 20 U.S. stocks by trading volume on July 14: SK Hynix’s stock price fell 9.3% Most popular Chinese concept stocks fell on July 14. NIO rose 3.14% and TSMC fell 2.88%. Commodity review: crude oil surges, copper prices rise, gold prices fall European stock markets hold steady as gains in energy stocks offset losses in other sectors U.S. military launches air strikes on Iran for third consecutive night Trump's demands for Strait of Hormuz mean $30 million per supertanker Trump notifies Congress of renewed war with Iran The US military will impose a naval blockade on Iran from 20:00 GMT on the 14th Trump says he will resume blockade of Iran and plans to charge 20% compensation for shipments in the Strait of Hormuz Another explosion was heard in Bandar Abbas port in southern Iran Iran's Islamic Revolutionary Guard Corps says it shot down a US drone Iran says it attacked U.S. troops in Kuwait and fired cruise missiles at U.S. ships Iran calls southern waterway in Strait of Hormuz 'unsafe' Ukrainian capital Kyiv comes under missile attack Russian crude oil output falls to lowest level in two-and-a-half years Burnham locks in the leadership of the British Labor Party and is expected to take over as Prime Minister on July 20 Yemen's Houthis claim attack on Saudi Abha International Airport Saudi Arabia says Houthis fired missiles into southern part of the country The Hungarian Parliament passes amendments to the Basic Law to terminate the presidential term early Chairman of the Verkhovna Rada of Ukraine: The Prime Minister of Ukraine has submitted his resignation UK joins EU loan scheme to aid Ukraine EU fails to reach agreement on 21st round of sanctions against Russia Apple lawsuit stymies OpenAI's ambition to challenge iPhone Micron locks silicon wafer supply, AI chip bottleneck may spread to the upstream of the industry chain SpaceX stock price hits its lowest point since listing, giving up almost all IPO gains California's new electric vehicle subsidy plan is released, Tesla becomes the biggest winner Google’s TPU strategy goes deep into new cloud service providers, breaking Nvidia’s dominance Bank of America raises AMD target price, optimistic that server CPU demand will drive performance beyond expectations California and 12 other states have jointly sued, seeking to prevent Paramount and Warner Bros. from exploring a $110 billion merger. Intel deepens European chip layout, new production capacity targets AI, cloud and foundry needs Volkswagen ramps up cost cuts: layoffs may reach 100,000 JPMorgan Chase will release its Q2 earnings before the market closes on Tuesday, with trading and investment banking becoming the focus AppLovin shares plunge 12%, leading S&P 500 decliners The top five Wall Street banks expect combined second-quarter trading revenue to be close to $39 billion SK Hynix plunged more than 15% in the South Korean stock market on Monday, amid concerns that the memory chip cycle has peaked Brent crude oil surged more than 9%, its biggest one-day gain since 2020, after Trump resumed a naval blockade on Iran Traders expect the Fed under War to raise interest rates this month has about a 50% chance Foreign investors bought a net US$1.3 billion in Indian stocks last week, and Goldman Sachs expects subsequent capital inflows to continue In the absence of IRS tax guidance, prediction markets may reshape the tax burden pattern of the US$16.96 billion gaming industry Tariff refunds surge, U.S. federal budget deficit widens for first time this fiscal year Société Générale recommends buying 2- to 5-year U.S. Treasury bonds Iran successfully shipped 57 million barrels of crude oil between two U.S. naval blockades Fed governor makes a big statement: Waller says that to control core inflation, interest rates may need to be raised soon Advice from Wall Street to Warsh: It’s okay not to provide forward guidance, but make the logic of policy responses clear IMF warns that if debt problem is not solved, Europe may be on a dangerous track If Trump really collects protection money from Hormuz, commodities, stocks and bonds will be widely affected. Bank of America survey: Global fund managers’ bearish sentiment on the yen reaches the highest level since 2022 Open a futures account on Sina's cooperative platform, safe, fast and guaranteed