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Yen hits 162 per dollar on July 9, weakest in 39 years
Japanese yen falls to 162 per dollar, weakest since 1986. Government intervention of 11.7 trillion yen in April-May failed to sustain gains. Analysts warn 170 yen possible if Japan’s competitiveness gap widens.
SpaceXAI Launches Grok 4.5 at Half the Price of Claude and GPT—July 9
SpaceXAI launches Grok 4.5 AI model at $2 per million input tokens, undercutting Anthropic’s Claude Opus 4.8 at $5 and positioning itself as a faster, cheaper alternative for coding and enterprise work.
Vedanta Oil & Gas Falls 9.5% on Q1 Production Update—July 10
Vedanta Oil & Gas shares fell 9.5% on July 6 after Q1 production update. The demerged entity faces headwinds from MSCI deletion and passive fund outflows amid broader Vedanta Group volatility.
KOSPI Enters Bear Market: South Korea’s AI Stock Boom Cracks on July 9
KOSPI drops 20% into bear market as Samsung and SK Hynix tumble on AI spending doubts. Index still up 73% YTD but faces profit-taking after record rally.
Former Olympian Pleads Not Guilty in Lincoln Memorial Pool Lawsuit—July 9
Former Olympic canoeist David Hearn pleads not guilty to damaging the Lincoln Memorial Reflecting Pool on July 9. The felony charge carries up to 10 years in prison and has drawn criticism as political scapegoating.
Sensex crashes 1,677 points as Trump ends Iran ceasefire on July 8
Sensex fell 1,677 points and Nifty50 dropped 517 points on July 8 as Trump ended the Iran ceasefire, sending oil prices up 7.4% and erasing ₹8 lakh crore in investor wealth.
Firefly Aerospace Wins $13M NASA Mars Contract on July 9
Firefly Aerospace (FLY) wins $13M NASA subcontract to manufacture the aeroshell for Skyfall Mars mission launching in 2028. The contract marks the company’s first project from its Gloworks innovation lab in Texas.
Tokyo Electron Stock Jumps 2.3% as Chip Equipment Demand Surges—July 10
Tokyo Electron (8035.T) rises 2.3% as Japan’s chip equipment market grows 26% to ¥6.55 trillion in FY2026. DRAM and AI server demand drive record orders.
South Indian Bank MD Appointment: Mahesh Pai Gets RBI Nod, Stock Falls 9%
RBI approves Mahesh Muralidhar Pai as South Indian Bank MD & CEO from October 1, 2026. Stock tumbles 9% despite leadership transition. Board approval scheduled July 16.