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WTI crude oil surged 7% intraday, breaking through $93 per barrel. Brent crude oil rose more than 5%, reaching $95.31 per barrel.

2026-07-23

WTI crude oil surged 7% intraday, breaking through $93 per barrel. Brent crude oil rose more than 5%, reaching $95.31 per barrel.

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2026-07-23

A-shares closed mixed-to-firm; Shanghai Composite +0.25%, Shenzhen Composite Index +0.44%, ChiNext +0.25%. Market turnover across Shanghai and Shenzhen was 2.19 tln yuan, down about 458 bln yuan vs. the prior session. Power names led gains—UHV, grid

A-shares closed mixed-to-firm; Shanghai Composite +0.25%, Shenzhen Composite Index +0.44%, ChiNext +0.25%. Market turnover across Shanghai and Shenzhen was 2.19 tln yuan, down about 458 bln yuan vs. the prior session. Power names led gains—UHV, grid equipment, green power and smart grid concepts outperformed; multiple issuers, including Yikun Electric, Zhongneng Electric and Heshun Electric, hit daily limits and more than 30 stocks in the sector reached limit-up. Energy metals also rose, with Shengxin Lithium Energy and Yongshan Lithium both at limit-up. Military stocks rallied in the afternoon; Beifang Changlong hit a limit-up. Other outperformers included batteries, chemicals, sports, building materials & cement, offshore engineering equipment, agriculture/planting and rail-transit equipment. Lagging sectors included semiconductors, weight-loss drugs, advanced packaging, AI phones, CPO, IPv6 and glass substrate stocks. Advance-decline breadth was positive with roughly 4,200 stocks up and 1,200 down.
2026-07-23

Bank of Montreal: Lowered its price target for IBM (IBM.N) from $270 to $230.

Bank of Montreal: Lowered its price target for IBM (IBM.N) from $270 to $230.
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