On the evening of July 24 local time, Hodeidah in Houthi-controlled Yemen was hit by air strikes, the Saudi-led coalition said. The coalition said it struck Houthi military sites in Hodeidah directly linked to threats against Red Sea commercial shipping, called the operation a 'moderate military response', and said Hodeidah port was not a target and all local ports remain open to shipping. The coalition warned it would 'respond without compromise' to further Houthi hostile actions and would take

Wuhu Tongchao Precision Machinery Co., Ltd filed IPO counselling registration with the Anhui bureau of the CSRC on July 23, 2026, signalling a planned initial public offering and listing; sponsor underwriter is CSC Financial. Chairman and controlling shareholder Qi Qifeng holds a 35.73% direct stake.

China A-shares closed lower: Shanghai Composite -1.61%, Shenzhen Component -2.47%, ChiNext -2.65%. Gold miners plunged—Zhaojin Gold down >8%; Sichuan Gold and Hunan Baiyin off >7%. Minor metals weakened; Dongfang Zirconium down >9%. Innovative-drug names Zhenbaodao and Harbin Pharmaceutical hit limit-downs. Coal miners fell; Dayou Energy hit limit-down. Power, compute, AI corpus, internet services, cross-border payments, planting, new consumption and oil & petrochem were among the heaviest decliners. Memory-chip stocks were active: Zhichun Technology hit the daily limit, Zhongke Feice rose ~7%. Military sector saw pockets of strength; Changcheng Military hit limit-up. Shanghai-Shenzhen turnover RMB 1.93 trillion, down ~RMB 264.2 billion versus the prior session. Market breadth ~500 advancers versus ~4,900 decliners.