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Today · 2026-08-04 · Tue

Analyst: TD Cowen lowers the Smart Web Company ' s target price and discloses its second-quarter increase in bitcoin

According to The Block, TD Cowen reduced the target share price of The Smarter Web Company from Pound1 to Pound0.64 to maintain the buy-in rating. The analyst cited the revised price projections for Bitcoin, recent Treasury activity and the diluted scenario update, noting that the Smarter Web Company held Bitcoin from 2,699 BTC to 2,878 BTC in the second quarter. The Unit recorded a 2 per cent increase last Friday, reporting Pound0.29。

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Iraqi Militia Armed: If the United States expands its “aggression against Iran” it will participate directly in the war

On 20 July, the Iraqi militia, the Islamic Resistance, issued a statement on 20 July that, if the United States further expands its “aggression against Iran”, it would be directly involved in the fight against the United States and would resolutely attack all United States interests in Iraq and the Middle East and military bases. In the statement, the organization clarified, inter alia, that no military attacks had been launched in the past few days against United States military bases in Iraq and the Middle East. Xinhua International

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Blackstone will invest in Korean robot supplier Futronic

The private equity fund under Blackstone's banner will make a “significant investment” in Futronic, a Korean robot supplier, without disclosing the exact amount. The founder of Futronic, Gao Jin Ho, will continue to serve as Chairman and Chief Executive Officer and will work with Blackstone to accelerate the globalization of the company. “The Black Stone, like us, is committed to providing the most advanced integrated solutions for electromechanical power to our distinguished clients and partners. Their unique size and global platform will help to drive our expansion and to consolidate our leadership in the area of driving and campaigning for solutions, “Gorge Township. Futronic was established in 1993 to produce high-precision implementers for automobiles and industrial robots. In recent years, the company has expanded its operations to new and emerging areas of the market, including human-shaped and general-purpose robots. Eugene Cook, head of Blackstone private equity in Korea, stated that Futronic ' s research and development and engineering capabilities had made it a good place in the rapid growth of the automobile and robot markets. As AI entered the physical world, Blackstone argued that Futronic expertise in executive and movement control would be an important driving force. Kim Xian

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HSBC: THE DIRECT INFLATION EFFECTS OF AI ARE MORE LIKELY TO OCCUR IN KOREA

ON 20 JULY, HSBC ECONOMISTS STATED IN A STUDY THAT AI COULD HAVE A MORE DIRECT INFLATIONARY IMPACT ON KOREA AS AN UPSTREAM HARDWARE SUPPLIER. THEY INDICATED THAT BOTTLENECKS IN HIGH-TECHNOLOGY COMPONENTS AND LOGISTICS WERE PUSHING UP PRODUCER PRICES IN THESE KEY UPSTREAM MARKETS. THEY SAID THAT THE CENTRAL BANK OF KOREA MIGHT HAVE TO TIGHTEN MONETARY POLICY IN RESPONSE TO INFLATION. HSBC EXPECTS THAT, BY THE END OF THIS YEAR, THE CENTRAL BANK OF KOREA WILL HAVE REACHED A FURTHER INCREASE. THEY ADDED THAT, AT THE SAME TIME, THERE WAS A RISK OF FURTHER TIGHTENING POLICIES IN 2027, DEPENDING ON THE EXTENT TO WHICH THE SURGE IN AI EXPORTS WAS CHANNELLED TO LOCAL ECONOMIC ACTIVITIES. KIM XIAN

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Morgan Chase strategist predicts that profit growth will drive the chip unit to rebound

On 20 July, Morgan Chase strategist stated that AI-related equities were unlikely to be under pressure in the long term and that strong profitability growth and better valuation were expected to re-stimulate demand, in particular by semiconductor companies. In the report, a team led by Mislav Matejka noted that semiconductor stocks had been disconnected from the improved profitability prospects. The report states that substantial supply growth will not take place until 2028, so it is too early to reflect the half-conductor price cut in the market. According to the report, the basics may remain constructive. The relatively strong and weak indicators of these chips are rapidly approaching oversale areas, and strategists have suggested that if capital expenditures by super-large data centre operators are expected to remain strong, investors should “reenter the block in the summer”。

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Spokesperson for the Ministry of Foreign Affairs of Iran: possible negotiations between Iran and the United States based on national interests

On 20 July, when asked whether the door to negotiations with the United States had been closed, the spokesman for the Iranian Ministry of Foreign Affairs, Baghae, stated on Monday that Iran was advancing war and diplomacy on the basis of its national interests. “We are not at the dichotomy between war and diplomacy. Diplomacy is an instrument for our national interests, like war.” Kim Xian

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According to the information received, Hong Kong police are considering extending the time of the stock exchange and cancelling the lunch break

ON 20 JULY, INFORMED SOURCES REVEALED THAT THE HONG KONG EXCHANGE WAS CONSIDERING EXTENDING THE PERIOD OF STOCK EXCHANGE TO CONNECT WITH MOST GLOBAL MARKETS. IN RECENT WEEKS, THE HONG KONG EXCHANGE HAS COMMUNICATED ITS PLANS TO A NUMBER OF LARGE ISSUERS AND DEALERS. ACCORDING TO THE SOURCE, ONE OF THE OPTIONS PROPOSED THAT THE STOCK EXCHANGE BE OPENED 30 MINUTES AHEAD OF 9 A.M. AND THAT THE LUNCH BREAK, WHICH WOULD LAST ONE HOUR FROM 12 NOON, BE CANCELLED. ACCORDING TO THE SOURCE, THE HONG KONG POLICE OFFICE IS ALSO WORKING TO CREATE ADDITIONAL HOURS OF NIGHT-TIME TRADING TO CONNECT THE UNITED STATES MARKET WITH THE EARLY-ROLLING, WHICH MAY BE SCHEDULED FROM 8 P.M. TO 12 NOON. HOWEVER, THERE ARE PLANS TO MAINTAIN THE CLOSING AT 4 P.M. TO COMPLETE THE LIQUIDATION AND SETTLEMENT WORK. IF THE HOURS OF LATE-NIGHT TRADING WERE INTRODUCED, THE INITIAL PERIOD WOULD COVER ONLY A SMALL NUMBER OF ACTIVE BULK HOLDINGS. ACCORDING TO OTHER SOURCES, HKC WISHES TO USE THIS TO INCREASE THE VOLUME OF TRANSACTIONS OF HONG KONG-LISTED COMPANIES THAT ALSO ISSUE UNITED STATES DEPOSITORY CERTIFICATES (ADRS) IN THE UNITED STATES. KIM XIAN

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THE CVM: TAKE STEPS TO DIRECT MEDIUM- AND LONG-TERM FUNDS TO THE MARKET, AND REGULATE THE DEVELOPMENT OF QUANTITATIVE TRANSACTIONS AND AI APPLICATIONS

ON THE MORNING OF 20 JULY, U QING, SECRETARY-GENERAL OF THE CVC AND CHAIRMAN OF THE CVC, TRAVELLED TO BEIJING TO STUDY AND HOST AN INVESTOR ' S COLLOQUIUM IN BEIJING, WHERE HE MET FACE-TO-FACE WITH EIGHT REPRESENTATIVES OF VARIOUS CATEGORIES OF INVESTORS, INCLUDING LARGE, MEDIUM AND SMALL, TO HEAR SUGGESTIONS FOR THE PROMOTION OF STABLE AND HEALTHY DEVELOPMENT OF CAPITAL MARKETS. AT THE MEETING, INVESTORS ' REPRESENTATIVES MADE PRESENTATIONS IN THE CONTEXT OF INVESTMENT AND PARTICIPATION IN STOCK MARKETS. IT WAS STATED THAT, SINCE THE IMPLEMENTATION OF THE NEW “N9” ARTICLE, OUR CAPITAL MARKET HAS GENERALLY SHOWN A STEADY AND POSITIVE DEVELOPMENT. IN THE RECENT PAST, THE A SHARE MARKET HAS EXPERIENCED SIGNIFICANT VOLATILITY AS A RESULT OF A COMBINATION OF FACTORS SUCH AS EXTERNAL INPUT RISK, BUT THE LOGIC OF CAPITAL MARKET POLICY, INNOVATION AND SECURITY HAS NOT CHANGED SINCE 9-26, AND SHORT-TERM FLUCTUATIONS HAVE NOT CHANGED THE LONG-TERM POSITIVE TREND. IT IS RECOMMENDED THAT COUNTERCYCLICAL REGULATION OF THE SECOND-TIER MARKET BE STRENGTHENED, THAT BOTH MEDIUM- AND LONG-TERM FINANCING BE CHANNELLED TO THE MARKET, THAT QUANTITATIVE TRANSACTIONS AND AI APPLICATIONS BE STANDARDIZED AND THAT LISTED COMPANIES BE FURTHER PROMOTED, THAT THE COST OF SECURITIES OFFENCES BE INCREASED AND THAT ALL EFFORTS BE MADE TO PROMOTE HIGH-QUALITY CAPITAL MARKET DEVELOPMENT. WU QING INDICATED THAT A LARGE NUMBER OF INVESTORS WERE MARKET-DRIVEN AND THE MOST IMPORTANT PARTICIPANTS IN CAPITAL MARKETS. THE CSRM WILL CONTINUE TO PROMOTE RISK PREVENTION, STRONG REGULATION AND HIGH-QUALITY DEVELOPMENT IN CAPITAL MARKETS AS ONE AND THE SAME. IT WILL DO ITS UTMOST TO MAINTAIN THE SMOOTH FUNCTIONING OF MARKETS. IT WILL FOCUS ON IMPROVING THE TRANSPARENCY AND AUTHENTICITY OF LISTED COMPANIES AND BETTER RETURNS TO INVESTORS. IT WILL URGE INDUSTRY INSTITUTIONS TO REGULATE THEIR OPERATIONS AND UPGRADE INVESTOR SERVICES. IT WILL CONTINUE TO DEVELOP LONG-LASTING MECHANISMS FOR INVESTOR PROTECTION. IT WILL BE DETERMINED TO MAINTAIN AN OPEN, FAIR AND JUST MARKET ORDER THAT ALLOWS INVESTORS TO BETTER SHARE IN HIGH-QUALITY DEVELOPMENT GAINS FROM ECONOMIC AND CAPITAL MARKETS. THE RELEVANT DEPARTMENTS OF THE CVM AND THE BEIJING CVM ARE PRIMARILY RESPONSIBLE FOR THE PARTICIPATION OF GAYS。

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