Global Stocks Rattle as Earnings, Trade Tensions and Analyst Calls Shape Market Sentiment

SGX:S27.SI:S&P 500

The S&P 500 slid 0.30% to 6,370.86 as U.S.-China trade talks stalled and investors braced for the Federal Reserve’s rate decision, expected to hold steady at 4.25%–4.5%.

US:QQQ:Nasdaq Composite

The Nasdaq Composite lost 0.38% to 21,098.29, snapping a record-setting run as tech names faced pressure before key earnings reports.

US:DGT:Dow Jones Industrial Average

The Dow Jones Industrial Average fell 204.57 points, or 0.46%, to 44,632.99 as selling intensified in the final hour of trade.

US:BA:Boeing

Boeing dropped over 4% despite strong earnings and aircraft deliveries, as investors took profits amid broader market weakness.

US:PG:Procter & Gamble

Procter & Gamble ended slightly lower despite forecasting better full-year revenue and naming an insider as CEO.

US:UPS:United Parcel Service

United Parcel Service (UPS) plunged 10% after missing earnings expectations and withholding full-year guidance.

US:WHR:Whirlpool

Whirlpool tumbled 13% on weak results and a dividend cut, missing second-quarter estimates.

US:META:Meta Platforms

Investors awaited earnings from Meta Platforms, one of the “Magnificent Seven,” set to report later this week.

US:MSFT:Microsoft

Microsoft was among the tech giants whose earnings due later this week drew investor focus amid market caution.

US:AAPL:Apple

Apple is set to report quarterly earnings later this week as part of the “Magnificent Seven” line-up.

US:AMZN:Amazon

Amazon also reports later this week, with results from major tech players expected to sway broader sentiment.

US:LLY:Eli Lilly

Eli Lilly sank 5% as rival Novo Nordisk warned of weaker U.S. Wegovy sales, pressuring obesity drug demand sentiment.

US:NVO:Novo Nordisk

Novo Nordisk slumped over 20% after forecasting softer U.S. Wegovy demand, pushing year-to-date losses near 37%.

US:BITF:Bitmine Immersion Technologies

Bitmine Immersion Technologies slid 12%, adding to Monday’s 11% drop despite a US$1 billion buyback and a US$250 million ether purchase plan.

US:SBET:Sharplink

Sharplink tumbled 11% alongside peer crypto and blockchain-linked names, tracking sector weakness.

US:BTBT:Bit Digital

Bit Digital fell more than 7% as crypto-linked equities followed Bitmine lower.

Bitcoin:US:BTC:Bitcoin

Bitcoin saw muted action as crypto miners and ether-focused firms declined despite broader market volatility.

US:ETH:Ethereum

Ethereum exposure weighed on sentiment as Bitmine’s treasury strategy failed to offset investor dilution concerns.

US:PANW:Palo Alto Networks

Palo Alto Networks slipped 3% as it engaged in talks to acquire CyberArk Software in a deal exceeding US$20 billion.

US:CYBR:CyberArk Software

CyberArk Software surged 12% on reports Palo Alto Networks is considering a takeover.

US:SRPT:Sarepta Therapeutics

Sarepta Therapeutics soared 25% after the FDA lifted a hold on Elevidys gene therapy, prompting an “Outperform” upgrade from Oppenheimer.

US:SBUX:Starbucks

Starbucks gained 3% post-market as quarterly revenue hit US$9.46 billion, beating estimates despite same-store sales falling for a sixth straight quarter.

US:V:Visa

Visa slipped 3% despite topping expectations, as the firm reaffirmed guidance for low double-digit revenue growth.

US:MDLZ:Mondelez International

Mondelez International dropped nearly 3% despite beating estimates, reaffirming a projected 10% EPS decline this year.

US:BKNG:Booking Holdings

Booking Holdings traded flat after beating expectations but forecasting third-quarter revenue growth of just 7–9%.

US:CZR:Caesars Entertainment

Caesars Entertainment eased 1% despite topping revenue estimates with US$2.91 billion in second-quarter sales.

US:LC:LendingClub

LendingClub surged 18% in after-hours trade on robust loan growth and earnings, with originations up 32% y-o-y.

US:TDOC:Teladoc Health

Teladoc Health rose 4% after reporting a narrower-than-expected quarterly loss and revenue above consensus.

US:QRVO:Qorvo

Qorvo jumped 8% on upbeat guidance and first-quarter results that exceeded analyst expectations.

SGX:AIY.SI:iFast Corporation

iFast Corporation rallied near a 52-week high after a 38% profit jump to S$22.1 million in 2QFY2025, driven by its Hong Kong ePension unit, prompting multiple broker target hikes.

SGX:H15.SI:Hotel Properties Limited

Hotel Properties Limited (HPL) said talks continue to sell stakes in Forum The Shopping Mall and voco Orchard Singapore but warned no deal is guaranteed despite a Bloomberg valuation of S$2 billion.

SGX:P40U.SI:Starhill Global REIT

Starhill Global REIT maintained its 2HFY2025 DPU at 1.85 cents, bringing FY2025 payouts to 3.65 cents as revenue rose modestly despite falling occupancy.

SGX:S56.SI:Samudera Shipping Line

Samudera Shipping Line doubled 1HFY2025 net profit to US$41.8 million on a 28% revenue rise but warned of moderating freight rates ahead.

SGX:AW9U.SI:First REIT

First REIT posted an 8.3% y-o-y drop in 2QFY2025 DPU to 0.55 cents, pressured by IDR and JPY weakness despite stronger local rental income.

HK:0067.HK:Hongkong Land

Hongkong Land swung to a US$221 million profit in 1HFY2025, reversing a US$833 million loss, supported by share buybacks and steady asset values despite looming renovation and market headwinds.

SGX:1B1.SI:HC Surgical Specialists

HC Surgical Specialists delivered a 119% earnings jump to S$8.4 million in FY2025, driven by fair value gains and tax benefits, and proposed a final dividend of 1.18 cents.

SGX:CMOU.SI:Keppel Pacific Oak US REIT (KORE)

Keppel Pacific Oak US REIT (KORE) saw 1HFY2025 distributable income fall 16.2% to US$19.9 million as distributions remain suspended until year-end, though management hinted at a possible early resumption.

SGX:C6L.SI:Singapore Airlines (SIA)

Singapore Airlines (SIA) saw net profit plunge 58.8% y-o-y to S$186 million in 1QFY2026, with downgrades from CGSI, Maybank, and Citi amid concerns over Air India losses, cargo softness, and yield pressures.

oil:US:UCO

Oil prices climbed over 3% as Brent settled at US$72.51 and WTI at US$69.21, the highest since June 20, fueled by U.S. tariff threats on Russia and optimism over easing trade tensions with China and the EU.

SGX:A7RU.SI:Keppel Infrastructure Trust

Keppel Infrastructure Trust (KIT) posted a 1% rise in DPU to S$0.0197 as distributable income surged 31% to S$119.4 million, swinging to a S$60 million profit on strong contributions from City Energy, Ixom, and new assets.

KL:5222.KL:FGV Holdings Bhd

FGV Holdings Bhd will be suspended from trading Aug 15 as Felda surpassed a 90% stake to proceed with privatization at RM1.30 per share.

KL:1724.KL:Paramount Corp Bhd

Paramount Corp Bhd will acquire 28% of Envictus International Holdings for RM126.3 million, entering the F&B sector via Texas Chicken and San Francisco Coffee.

KL:0270.KL:Zetrix AI Bhd

Zetrix AI Bhd confirmed its exit from foreign worker permit renewals as its contract lapsed, shifting collaboration to HeiTech Padu Bhd, where it holds a 19.9% stake.

KL:1818.KL:Bursa Malaysia Bhd

Bursa Malaysia Bhd saw 2QFY2025 net profit fall 29% to RM57.1 million on weaker securities revenue, cutting its dividend to 14 sen but maintaining its RM369–408 million PBT target for 2025.

KL:5227.KL:IGB Real Estate Investment Trust

IGB REIT reported a 9.5% NPI rise to RM119.9 million in 2QFY2025, declaring a 2.82 sen DPU while warning of higher costs from SST and electricity tariffs.

KL:5292.KL:IGB Commercial REIT

IGB Commercial REIT (IGBCR) posted a 10.5% NPI increase to RM38.1 million on stronger occupancy and rents but flagged rising operating costs.

KL:1929.KL:Chin Teck Plantations Bhd

Chin Teck Plantations logged a record RM34.7 million profit for 3QFY2025, up 53% y-o-y, and declared a 36 sen dividend, lifting full-year payouts to 51 sen.

KL:7233.KL:Dufu Technology Corp Bhd

Dufu Technology’s net profit plunged 67% y-o-y to RM2.8 million in 2QFY2025 as forex losses and costs offset a 5% revenue gain.

KL:5318.KL:DXN Holdings Bhd

DXN Holdings saw 1QFY2026 profit fall 14% to RM73.9 million due to forex losses despite slightly higher revenue and a steady 0.9 sen dividend.

KL:5140.KL:Tasco Bhd

Tasco Bhd’s 1QFY2026 profit rose 31% y-o-y to RM9.2 million on international business growth, though revenue dipped 11% from domestic softness.

KL:2593.KL:United Malacca Bhd

United Malacca will acquire the remaining 17% of PT Lifere Agro Kapuas for RM42.3 million from PT Bank OCBC NISP Tbk, consolidating its Indonesian operations.

KL:0272.KL:Jati Tinggi Group Bhd

Jati Tinggi Group secured a RM31.6 million contract for 11kV underground cable works, bringing its new project wins to RM370.8 million since Dec 2024.

KL:0157.KL:Focus Point Holdings Bhd

Focus Point Holdings expects a RM300,000 monthly rental cost rise from expanded SST, prompting cost-cutting through staff reallocation, manpower reductions, and bulk procurement.

HK:00700.HK:Tencent

Prosus, a Naspers unit, sold 405,200 Tencent shares for HK$222 million, trimming its stake from 23% per Hong Kong filings.

HongKong:3115.HK:Hangseng Index

The Hang Seng Index ended 37 points lower at 25,524 while the Hang Seng Tech Index slid 19 points to 5,644 as pharmaceuticals like WuXi AppTec, WuXi Biologics, and CSPC Pharma hit new highs despite broader tech weakness.

HK:03813.HK:Pou Sheng International

Pou Sheng International expects a 44% profit plunge and 8% revenue drop for 1H2025 to RMB188 million and RMB9.16 billion, respectively, on soft retail traffic.

HK:00883.HK:CNOOC

CNOOC announced first gas from the Dongfang 1-1 Gas Field 13-3 Block in the Yinggehai Basin, China’s first high-temperature, high-pressure, low-permeability offshore gas project.

HK:02269.HK:WuXi Biologics

WuXi Biologics started building modular biologics drug product facilities at its Singapore CRDMO hub to expand production capacity.

US:TSLA:Tesla

Tesla shipped its 1,000th Megapack from its Shanghai energy storage gigafactory to Europe, expanding its energy storage reach.

HK:0488.HK:Lai Sun Development

Lai Sun Development is in talks to sell 50% of CCB Tower in Central as part of its capital recycling strategy.

HK:2888.HK:Standard Chartered
HK:9988.HK:Alibaba (BABA-W)

Standard Chartered and Alibaba (BABA-W) signed an MOU to integrate financial services with artificial intelligence capabilities.

HK:00012.HK:Henderson Land
HK:00016.HK:Sun Hung Kai Properties

HSBC Research upgraded Henderson Land and Sun Hung Kai Properties to “Buy,” citing improved investor sentiment in Hong Kong’s property sector.

HK:00005.HK:HSBC Holdings

HSBC Holdings will mandate managing directors to work at least four days a week in-office from October as it tightens work policies.

HK:03800.HK:GCL Tech

Citi maintained a “Buy” on GCL Tech with a HK$1.70 target, saying a chairman stake cut won’t disrupt operations.

HK:01209.HK:China Resources Mixc Lifestyle

BofA Securities kept a “Buy” rating on China Resources Mixc Lifestyle, saying valuation recovery for property managers has run its course.

HK:02466.HK:Laopu Gold

Huatai Securities (HTSC) reiterated a “Buy” on Laopu Gold, expecting robust full-year growth.

US:BA:Boeing

Boeing met with China’s CAAC Administrator to discuss deeper cooperation in aviation development.

HK:02359.HK:WuXi AppTec

Citi rated WuXi AppTec “Buy” with a HK$95 target, expecting strong pharmaceutical momentum despite a tech pullback.

HK:09880.HK:UBTech Robotics

JPMorgan initiated coverage on UBTech Robotics with an “Overweight” and a HK$135 target, citing growth in AI-driven robotics.

HongKong:3115.HK:Hangseng Index

The Hang Seng Index dropped 242 points to 25,319 at midday, while the Hang Seng Tech Index sank 99 points to 5,564, led lower by Xiaomi, though pharma names like WuXi Biologics and CSPC Pharma rallied.

HK:09618.HK:JD.com

CLSA maintained an “Outperform” on JD.com, citing resilient revenue growth despite heavy competition.

HK:09988.HK:Alibaba (BABA-W)

CLSA cut Alibaba (BABA-W) to “Outperform” from “Buy” and slashed 2026 profit estimates by 25%, flagging retail competition.

HK:02238.HK:GAC Group
HK:00881.HK:Zhongsheng Group

JPMorgan upgraded GAC Group and Zhongsheng Group to “Overweight,” citing stronger auto demand and earnings momentum.

HK:09618.HK:JD.com
HK:09988.HK:Alibaba (BABA-W)

CLSA estimated JD.com and Alibaba lost RMB10 billion in 2Q from instant retail subsidies, underscoring fierce e-commerce rivalry.

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