Domestic News:
1. The Ministry of Foreign Affairs responded to the US's restrictions on the import of advanced robots.
2. A price compliance guidance activity for the photovoltaic industry is scheduled to be held on July 31.
3. GigaDevice: Chairman Zhu Yiming proposed a share buyback of 1 billion to 2 billion yuan.
4. The People's Bank of China and nine other departments jointly issued the "Notice on Strengthening the Development and Utilization of Data in the Field of Science and Technology Finance."
International News:
1. The Federal Reserve's July interest rate meeting: interest rates remained unchanged, three regional Fed voting members supported a rate hike, and the overall statement remained unchanged. Warsh refused to call this meeting a "hold-back," stating that financial markets are constantly pricing, and that the Fed will closely observe market pricing but will not act accordingly. Warsh stated that the Fed will not hesitate to act if necessary and appropriate; the withdrawal of forward guidance will require a certain transition period, and there will still be a press conference at the end of this year; there is no soft inflation target, the only target is 2%. As of press time, the market's overall pricing of a Fed rate hike this year has been reduced by about 12 basis points compared to before the interest rate decision was announced.
2. CME plans to launch sports-linked futures as a new hedging tool.
3. Meta's revenue hit a record high, but AI costs dragged down its stock price in after-hours trading.
4. Microsoft expects first-quarter revenue of $90 billion and maintains positive free cash flow in the new fiscal year.
5. Two major MLCC manufacturers raise prices: Samsung Electro-Mechanics to raise prices by 30% starting in August, and Taiyo Yuden to raise prices starting in September.
6. US media: US Republicans are beginning to consider raising the debt ceiling again as the midterm elections approach.
7. South Korean Finance Minister apologizes; South Korean Ministry of Finance says it will restrict leveraged ETF trading and increase related transaction costs.
8. Overnight market—Nasdaq fell 1.7%, Micron fell nearly 10%, US Treasury yields steepened, with the 30-year yield rising 11 basis points to 5.2%, a 19-year high, widening the spread with the 2-year yield to 92 basis points; international crude oil surged 7%, and spot gold rose 1%.
9. Middle East Situation—
① Following Iran's surprise attack, Trump responded that the US military would "give them a good beating" and sought to add provisions authorizing additional tariffs on Iran to the legislation.
② Hezbollah in Iraq: A response to the US-Saudi joint strike is "inevitable," possibly targeting US "tools" within Saudi Arabia.
③ Reports indicate that the Houthi rebels in Yemen are considering imposing fees on ships transiting the Red Sea.
④ Saudi Arabia is reportedly seeking to form an international coalition to protect shipping in the Red Sea.
⑤ Iran refutes claims that it is seeking negotiations with the US.
⑥ Israeli media: Netanyahu outlined "three scenarios" regarding Iran to Trump; Israeli officials denied that the visit was intended to persuade Trump to resume strikes against Iran.
⑦ A US-operated liquefied natural gas storage facility was attacked by a drone in Egypt.
