市场消息：德黑兰防空系统启动；伊朗北部和西部传出爆炸声。

July 16 — Demingli shares hit the daily limit-down for a second straight session. The company said Q2 QoQ net profit fell mainly due to higher costs: increased R&D spending, capacity expansion-related charges and higher share-based compensation. Management said it is building inventory strategically to support rapid business expansion and has raised customer-acquisition and certification-related spending as enterprise storage, embedded storage and memory businesses accelerate. Those products have long certification and testing cycles and require large upfront R&D and sales investment, which depresses near-term earnings but are described as long-term strategic investments that began to yield positive contributions in Q2 and should support future performance.

Facing rising geopolitical risk, PM Modi is pursuing measures to reduce India’s reliance on critical imports to protect supply chains and ease currency pressure. The commerce ministry is drafting a list of more than 100 products — including electronics, chemicals, key pharmaceuticals, fertiliser, semiconductors, autos and machinery — to scale up domestic production. The cabinet approved an additional 1.9 tln rupee ($19.7bn) of fiscal support for chip and smartphone manufacturing and a policy to raise domestic fertiliser output after supply concerns tied to a potential Strait of Hormuz disruption. The government aims to cut fertiliser imports by 30% over three years and plans to restart idled domestic fertiliser plants, with some projects expected within a year. Authorities may offer incentives to private and foreign investors to build local plants and could require state-owned firms to expand capacity via joint ventures.