Mizuho raises AMD (AMD.O) price target to $625 from $615.

China A-shares rallied into the close: ChiNext up over 3% after late-session acceleration, Beijing Stock Exchange 50 +2.2%, Shanghai Composite +1.14%. Nearly 5,200 stocks advanced and 115 stocks hit limit-up.

The Ministry of Transport reported July 20–26 national logistics: railway freight 77.447 mln tonnes, up 3.77% week‑on‑week; expressway truck passages 54.08 mln, up 0.08% WoW; monitored ports handled 275.155 mln tonnes of cargo, up 19.47% WoW, and 6.979 mln TEU of containers, up 16.51% WoW; civil aviation operated 138,000 flights, including 4,862 cargo flights (3,184 international, 1,678 domestic), down 0.83% WoW; postal and courier pickup ~3.882 bln items, down 1.87% WoW, with deliveries ~3.882 bln items, down 1.65% WoW.