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Kuwaiti military: Enemy drones have been detected and destroyed in Kuwaiti airspace since dawn on Saturday.

2026-08-01

Kuwaiti military: Enemy drones have been detected and destroyed in Kuwaiti airspace since dawn on Saturday.

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2026-08-01

Huatai Securities says Q2 2026 fund holdings in the Chinese auto sector fell to 1.65%, the lowest since 2021, while sector valuations sit below the 15th percentile of the past five years—positioning and valuation both at relative historical lows. The

Huatai Securities says Q2 2026 fund holdings in the Chinese auto sector fell to 1.65%, the lowest since 2021, while sector valuations sit below the 15th percentile of the past five years—positioning and valuation both at relative historical lows. The report attributes the rapid de-risking mainly to a slide in domestic demand that cut earnings expectations, and to AI thematic flows that accelerated selling, concentrating cuts into one quarter. All four core sub-sectors saw cuts with clear dispersion: passenger cars were cut deepest and show the weakest fundamentals; commercial vehicles have improving profitability but display the largest divergence between heavy holdings cuts and price declines; auto parts were most resilient, with some stocks showing independent alpha and receiving buys; motorcycles and other were the only overweight sub-sector. Huatai judges downside may be limited and that upside depends on a fundamental inflection; key catalyst to monitor is improvement in domestic sales by end-Q3. Preferred exposures are export-strong commercial vehicle chains, the motorcycle sector, and auto-parts names with idiosyncratic alpha.
2026-08-01

Egypt will raise residential electricity tariffs across consumption tiers by an average 12%, while keeping the first-tier (lowest) tariff unchanged, according to to a statement.

Egypt will raise residential electricity tariffs across consumption tiers by an average 12%, while keeping the first-tier (lowest) tariff unchanged, according to to a statement.
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