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Taiwan Index Rallies More Than 330 Points as TSMC, Hon Hai, and MediaTek Advance
The Taiwan Index gained more than 330 points as investors returned to technology stocks. Buying activity picked up across leading chipmakers and electronics companies, improving overall market sentiment. Strong advances in TSMC, Hon Hai, and MediaTek helped push the broader market higher. The latest rise in the Taiwan Index also reflected stronger confidence in artificial…
Intel Stock Bounces 5.3% on HSBC $200 Price Target—July 8
Intel stock surged 5.3% after HSBC raised its price target to $200 on strong AI CPU demand and 30% shipment growth forecast. Meyka rates INTC a B-hold with $45.62 yearly target.
China’s Submarine Missile Test Alarms Pacific Allies on July 8
China test-fired a submarine-launched ballistic missile in the Pacific on July 6, 2026, sparking alarm from Australia and New Zealand over its nuclear capabilities and timing near a new defense pact.
Gao Shanwen, China’s Outspoken Economist, Dies at 55 on July 8
Chinese economist Gao Shanwen, known for questioning China’s official 5% GDP growth claims and suggesting true growth was around 2%, dies at 55 from cancer on July 7.
Dow Drops as Chip Stocks Crumble, Oil Surges on Iran Tensions—July 8
Dow fell 0.2%, S&P 500 dropped 0.5%, and Nasdaq sank 1.2% on July 7 as chip stocks tumbled and oil prices surged 3% amid geopolitical tension.
Crypto Market Today: Bitcoin Near $62,282, BlackRock IBIT Drives $265M ETF Inflows, XRP Slips Despite MiCA Compliance
The crypto market traded lower on July 8, 2026, as Gulf conflict tensions rattled global risk assets. Bitcoin fell 1.67% to $62,282.16, pulling back from last week’s two-week high near $64,500. Ethereum dropped 1.78% to $1,747.39, while XRP slid 3.42% to $1.08. That XRP decline comes despite Ripple securing full MiCA regulatory compliance just two…
Lockheed Martin Quadruples THAAD Missile Production to 400 Units Yearly
Lockheed Martin wins $35.3B contract to boost THAAD missile production to 400 units per year, up from 96, as U.S. rebuilds depleted defense stockpiles amid geopolitical tensions.
Siemens Energy Falls 10.4% as Barclays Downgrades to Underweight on July 8
Siemens Energy (ENR.DE) drops 10.4% to €152.74 on July 8 after Barclays downgrades to Underweight, warning that free cash flow peaks in 2026 before declining. Bank of America and RBC maintain bullish views on AI-driven power demand.
Vedanta Oil & Gas Surges 6.57%, Aluminium Gains 4% as Select Vedanta Stocks Outperform Weak Market
Vedanta Oil & Gas rallied as much as 6.57% to ₹38.25 on July 8, 2026. That gain came despite sharp selling pressure across India’s broader equity market on Wednesday. Vedanta Aluminium Metal shares climbed 4.57% to ₹465.50 during the same session. US-Iran tensions and a fresh crude oil price spike triggered the wider market decline….