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US stocks closed lower on Friday: Dow Jones -0.77%, S&P 500 -1.07%, Nasdaq -1.40%. Chip names were mixed — Western Digital (WDC.O) +2.23%, SK Hynix ADR (SKHY.O) +1.13%, NVIDIA (NVDA.O) -2.21%. Meta Platforms (META.O) -2.79%, SpaceX (SPCX.O) -5.43%. A

2026-07-18

US stocks closed lower on Friday: Dow Jones -0.77%, S&P 500 -1.07%, Nasdaq -1.40%. Chip names were mixed — Western Digital (WDC.O) +2.23%, SK Hynix ADR (SKHY.O) +1.13%, NVIDIA (NVDA.O) -2.21%. Meta Platforms (META.O) -2.79%, SpaceX (SPCX.O) -5.43%. Apple (AAPL.O) +0.14%; its market value briefly exceeded NVIDIA intraday. Nasdaq Golden Dragon China Index -1.82%; Alibaba (BABA.N) -2.00%.

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2026-07-18

China's National Energy Administration (NEA) estimates 2026 peak power load at 1.575–1.6 bln kW; widespread extreme heat could push the peak above 1.6 bln kW. Industry expects 2026 electricity consumption to rise 5–6% YoY; supply-demand should be bro

China's National Energy Administration (NEA) estimates 2026 peak power load at 1.575–1.6 bln kW; widespread extreme heat could push the peak above 1.6 bln kW. Industry expects 2026 electricity consumption to rise 5–6% YoY; supply-demand should be broadly balanced, with seasonal regional tightness in summer. Trillion-yuan grid investment under the 15th Five-Year plan is accelerating construction of a new power system and expansion of green power capacity. Experts say renewable integration and battery/storage build-out remain central to the transition; coal and nuclear are needed to shore up supply near term, while market-based policies must coordinate long-term security of year-round power supply.
2026-07-18

Fars News reports Iran’s Department of Environment international affairs director has submitted implementation rules to government to levy an environmental service fee on vessels transiting the Strait of Hormuz. Fees would be set according to vessel

Fars News reports Iran’s Department of Environment international affairs director has submitted implementation rules to government to levy an environmental service fee on vessels transiting the Strait of Hormuz. Fees would be set according to vessel type, cargo, transit record and assessed environmental-risk level. Officials cite UNCLOS and related treaties as legal basis, saying coastal states may intervene and charge for services if innocent passage is breached or if national security, public health or the environment are threatened; chargeable services are described as public-health and environmental protection measures. The draft does not specify payment mechanisms; detailed execution will be determined by the competent authorities, with proceeds intended to fund navigational safety and sustainable transit in the Strait.
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