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U.S. chip stocks fell in premarket trade: Arm (ARM.O) -3.8%, SanDisk (SNDK.O) -6.3%, Qualcomm (QCOM.O) -2.2%, NVIDIA (NVDA.O) -1.9%, Micron Technology (MU.O) -5.0%, AMD (AMD.O) -2.5% and Intel (INTC.O) about -5%.

2026-07-08

U.S. chip stocks fell in premarket trade: Arm (ARM.O) -3.8%, SanDisk (SNDK.O) -6.3%, Qualcomm (QCOM.O) -2.2%, NVIDIA (NVDA.O) -1.9%, Micron Technology (MU.O) -5.0%, AMD (AMD.O) -2.5% and Intel (INTC.O) about -5%.

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2026-07-08

JP Morgan analyst Rajat Gupta said that although a Tesla-SpaceX merger looks sensible on paper, market speculation understates key obstacles: multi-jurisdiction regulatory approvals; governance and voting-right symmetry; and the perception the deal w

JP Morgan analyst Rajat Gupta said that although a Tesla-SpaceX merger looks sensible on paper, market speculation understates key obstacles: multi-jurisdiction regulatory approvals; governance and voting-right symmetry; and the perception the deal would be a SpaceX-led takeover rather than a merger of equals. Gupta said JP Morgan will monitor SpaceX's acquisition currency, the regulatory landscape and Elon Musk's voting power at Tesla as potential deal catalysts. JP Morgan sees the most likely structure, if a transaction occurs, as an all-stock, SpaceX-led acquisition of Tesla.
2026-07-08

Hong Kong close (Wed July 8): Hang Seng Index (HSI) up 702.57 pts, +2.99% at 24,199.46; Hang Seng Tech Index up 223.98 pts, +4.97% at 4,731.02; Hang Seng China Enterprises Index (HSCEI) up 313.96 pts, +4.04% at 8,084.22; Red Chip Index up 69.80 pts,

Hong Kong close (Wed July 8): Hang Seng Index (HSI) up 702.57 pts, +2.99% at 24,199.46; Hang Seng Tech Index up 223.98 pts, +4.97% at 4,731.02; Hang Seng China Enterprises Index (HSCEI) up 313.96 pts, +4.04% at 8,084.22; Red Chip Index up 69.80 pts, +1.83% at 3,874.93.
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