BlockBeats news: On July 30, here is a summary of key market news ahead of U.S. stock market opening:
1. SK Group Chairman Choi Tae-won purchased 3,620 shares of SK Hynix, marking his first direct purchase of SK Hynix stock, valued at approximately $3.33 million.
2. Pre-market trading in the U.S. sees expanded gains in the semiconductor and storage sectors; ARM's rally expands to 11%, while SanDisk and Western Digital rise over 8%.
3. Apple will release its fiscal year 2026 third-quarter earnings report and hold an earnings call after regular trading hours on U.S. markets. Apple has recently regained the title of the world's most valuable company, briefly surpassing $5 trillion in market capitalization.
4. Strategy will release its second-quarter earnings after regular U.S. market hours, with the market closely monitoring its Bitcoin holdings and financial performance.
5. Amazon will release its second-quarter earnings report after regular trading hours on U.S. markets and hold an earnings call, with investors closely watching the growth of its cloud computing business, AWS.
6. JPMorgan Chase has significantly advanced its expectation for the Fed's first rate hike from the second half of 2027 to December 2026, citing Wash's failure to clarify how he will fulfill his inflation-fighting commitment.
7. Qualcomm plans to increase prices of its chip products by a double-digit percentage starting September 1 to restore profit margins to historical levels.
8. The Federal Reserve has held rates steady for the fifth consecutive time; Walsh emphasized that the 2% inflation target remains unchanged and that rate hikes will be implemented without hesitation if necessary.
9. South Korean regulators may consider implementing a "short-selling ban" to address the stock market plunge. The Korea Exchange recently assessed the technical feasibility of temporarily banning short-selling and narrowing price fluctuation limits to evaluate emergency measures available during sharp market declines.
10. The situation in the Middle East continues to escalate. Iranian media reported that U.S. forces conducted airstrikes near the Iran-Iraq border; the U.S. side stated that Iran launched multiple missiles at American troops stationed in the Middle East. Trump responded by saying U.S. forces will “hit them hard.”
11. Samsung Electronics has announced its second-quarter results, reporting revenue of 171 trillion KRW and an operating profit of 89.4 trillion KRW, largely in line with market expectations; it also anticipates continued profit growth in the second half of the year.
12. Arm (ARM.O) reported Q1 revenue of $1.29 billion for fiscal year 2027, compared to $1.053 billion in the same period last year, with a market expectation of $1.262 billion.
13. Meta Platforms (META.O) expects third-quarter revenue of $61 billion to $64 billion; analysts estimate $63.17 billion.