Xingxin New Materials said it proposes to repurchase 50–100 mln yuan of its shares, with a maximum price of 32 yuan per share.

Alphabet reported Q2 (quarter ended June 30) cloud revenue of $24.77 bln, up 82% YoY and above analysts' $22.34 bln estimate. Search advertising revenue was $63.27 bln, marginally below the $63.28 bln forecast. The mix — cloud beat, search slight miss — may heighten market concern over Alphabet's large AI-related spending. Alphabet is the first major U.S. tech company to report this quarter, offering an early read on sector results.

kallas says the EU's latest sanctions package is the largest in four years, comprising 218 listings.