International markets update:
Global markets displayed a mixed performance amid ongoing geopolitical tensions, a slowdown in China, and a robust rally in Asian technology stocks.
- Geopolitical tensions over Iran persist with the U.S. seeking new tariffs; however, analysts anticipate minimal economic impact given negligible trade volumes.
- Oil prices extended declines as concerns over crude supply eased, driven by signs of recovery in flows through the Strait of Hormuz.
- China’s factory activity unexpectedly contracted in July for the first time since February, signaling a domestic demand slump and production disruptions from typhoons.
- The Bank of Japan maintained its steady policy rate while issuing a warning that the nation’s core inflation could potentially exceed its 2% target.
- South Korea’s semiconductor giants surged over 20%, fueled by renewed optimism for AI spending following strong earnings reports from major U.S. technology companies.
Stock Market News summarised for the Wall Street Investors Club community.