EUR/USD
1.14370
-0.049%
Gold
3977.81
0.035%
Oil
78.901
0.022%
USD/JPY
162.423
0.037%
GBP/USD
1.34641
-0.106%
GBP/JPY
218.693
-0.042%
Real-time News
The Hang Seng Tech Index fell further by 3%, with XPeng Group (09868.HK) dropping nearly 7%, and Kuaishou (01024.HK) and Meituan (03690.HK) falling by more than 5%.July 17th - According to foreign media reports, Mitsubishi Electric Corporation plans to reach an agreement with Toshiba and Rohm by September to integrate their power semiconductor businesses. This move will consolidate three leading suppliers in the global power semiconductor market. Mitsubishi Electric CEO Kei Urushima stated that the three companies are currently finalizing the details of the agreement and coordinating efforts. After the integration of their power semiconductor businesses, they are expected to become the worlds largest market share holder. Japans Ministry of Economy, Trade and Industry has been pushing for consolidation among domestic chip manufacturers to better compete with international rivals such as Germanys Infineon. According to Omdia data, Infineon controls nearly one-fifth of the global power semiconductor market, while Mitsubishi Electric, Toshiba, and Rohm, whose product lines cover multiple areas, each have a market share of less than 5%.July 17th Futures News: Looking ahead to next week, the escalating and ongoing conflict will provide continued upward momentum for the crude oil market. However, the possibility of the US returning to the negotiating table cannot be ruled out, which would limit the price increase. Overall, international oil prices may continue to rise in the short term. On the supply side, there are currently no new refinery maintenance or resumption of operations in Shandong, and the refinery operating rate is trending towards stability, with the overall operation remaining stable. As for major refineries, Qingyang Petrochemical plans maintenance, resulting in a slight decrease in the operating rate, and the supply of gasoline and diesel resources is relatively stable. On the demand side, driven by the continuously rising market, companies with low inventory have made moderate restocking, but terminal demand has not shown a significant increase, resource consumption is slow, and large-scale market operations are cautious. Next week, the retail price increase window will materialize, and the new round of price adjustments still shows an upward expectation. While there is still positive news support, terminal market demand is unlikely to keep up, putting pressure on high prices. A slight decline in gasoline and diesel prices cannot be ruled out.July 17 - Data released by the State Administration of Foreign Exchange on July 17 shows that in the first half of this year, banks foreign exchange receipts and payments on behalf of customers totaled US$9.2 trillion, a year-on-year increase of 21%. Banks foreign exchange settlement and sales totaled US$2.9 trillion, a year-on-year increase of 24%, both record highs for the same period. my countrys foreign-related economy maintained a good momentum of development, with cross-border trade and investment becoming more active.July 17 - On the morning of July 17, President Xi Jinping attended the opening ceremony of the 2026 World Artificial Intelligence Conference and the High-level Meeting on Global Governance of Artificial Intelligence in Shanghai.
