On July 16, the Korea Exchange (KRX) announced that it will be closed on July 17 for Constitution Day, with both KOSPI and KOSDAQ markets fully suspended.
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South Korean Stock Market Closed Tomorrow
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Iran Clarifies Preconditions for Resuming Memorandum of Understanding
According to RIA Novosti, when asked whether Tehran believes the memorandum signed with Washington is still valid, Ahmad, a member of the Iranian Parliament's National Security and Foreign Policy Commission, stated: 'The memorandum of understanding between Iran and the United States is currently invalid, but if Washington resumes its implementation, Tehran is prepared to reactivate the memorandum. However, it appears that the U.S. is not ready to resume implementation at this time, but if the U.S. does so, Iran may reconsider its position on this issue.' (Jinshi) -
US International Trade Commission Initiates 337 Investigation, Nvidia Drops Over 2%
On July 16, Nvidia fell over 2%, while Broadcom and AMD dropped nearly 4%. The news comes after the US International Trade Commission (ITC) decided on July 15 to initiate a 337 investigation into specific dynamic random-access memory (DRAM) devices and their downstream products and components, involving companies such as Samsung Electronics, Google, Nvidia, AMD, and Broadcom. On June 16, Netlist, Inc. of Irvine, California filed a 337 investigation request with the US ITC, claiming that the export, import, and sale of the product in the US violated US Section 337 (infringing US registered patents 12,646,537 and 12,650,937), and requested the ITC to issue a limited exclusion order and a cease-and-desist order. -
Philadelphia Semiconductor Index Falls 3%, Broadcom Shares Down 3.6%
On July 16, the Philadelphia Semiconductor Index fell by 3%, closing at 12,023.76 points. Nvidia shares decreased by 2.15%, TSMC shares dropped by 2.73%, Broadcom shares fell by 3.6%, SK Hynix shares declined by 7.63%, Micron Technology shares were down 3.84%, AMD shares fell by 3.76%, ASML shares increased by 0.11%, Intel shares dropped by 3.68%, Lam Research shares decreased by 2.92%, ARM shares fell by 6.6%, and SanDisk shares were down 7.6%. -
Nasdaq Opens Down 0.43%, Storage Stocks Retreat, SK Hynix Falls Over 6%
On July 16, U.S. stock markets opened with mixed results. The Nasdaq fell 0.43%, the S&P 500 dropped 0.21%, while the Dow Jones rose 0.16%. The U.S. has officially launched a Section 337 investigation into DRAM equipment and its downstream products and components, leading to a collective retreat in storage stocks. SK Hynix fell over 6%, SanDisk dropped more than 5%, Western Digital and Seagate Technology fell over 4%, and Micron Technology declined over 3%. TSMC also saw a decline of over 3%, despite reporting a record 77.4% year-on-year increase in net profit for Q2, as profit-taking occurred after positive news. Baidu rose 3.5%, as the company seeks a dual primary listing in Hong Kong, with analysts suggesting it could aim for the Hong Kong Stock Connect as early as September this year. -
Houthis: The U.S. and Israel are the Sources of Evil and Turmoil in the World
The Houthis issued a statement declaring that the U.S., Israel, and their allies are the evil source threatening global stability. They exacerbate instability by instigating wars and plundering the wealth of peoples from Palestine to other regions. The Zionist plan to reshape the Middle East map to establish a Greater Israel is the mastermind behind all wars in the region. This camp not only disrespects international agreements and UN resolutions but also takes pride in genocide and the destruction of civilization. -
Famous Fund Manager's Funds Announce Relaxation of Purchase Limits
On July 16, it was recently announced that funds managed by well-known fund managers have collectively decided to relax purchase limits. From July 15 to 16, multiple funds managed by Jin Zicai and Zhang Mingxin announced the relaxation of purchase limits, with some funds even canceling the limits altogether. These funds have doubled their returns over the past year, showcasing impressive performance. -
US Military Spending on Iran War May Reach $100 Billion
On July 16, according to information from the US on July 15, an internal assessment from the Department of Defense indicates that the actual spending by the US on military operations against Iran could reach as high as $100 billion, far exceeding the previously reported figure of about $30 billion. The significant discrepancy is primarily due to the fact that the earlier official estimates did not include undisclosed operational costs, losses of advanced aircraft, and the severe damage costs to US military facilities in the Middle East. US Senator Angus King expressed that the American public is very disappointed by the inability to know the actual costs of the war, "not to mention the additional costs to the public in terms of gasoline prices and other areas." (CCTV News) -
International Gold and Silver Prices Continue to Decline
On July 16, spot gold fell by 2.00% during the day, currently priced at $3977.25 per ounce. Spot silver experienced a significant drop of 4.00%, currently priced at $55.44 per ounce. (Jin Shi) -
Trump Promotes Companies on Truth Social Days After Buying Their Stocks, Reports CNN
On July 16, CNN reported that last year, former U.S. President Donald Trump announced a 'very significant and exciting news' on the Truth Social platform. At that time, computer chip manufacturing giant Nvidia (NVDA.O) had just revealed plans to build an artificial intelligence supercomputer in the United States. In a post made on April 15, 2025, to his over 9 million followers, Trump promised that 'all necessary permits will be expedited and quickly delivered to Nvidia and similar companies.' However, what Trump did not disclose at the time was that just days earlier, he had purchased between $200,000 and $500,000 worth of stock in the company. A CNN investigation found that days after buying stocks in over 20 companies, Trump promoted these companies on his Truth Social account—sometimes announcing government actions that could benefit the companies he had just invested in. The White House strongly denied that Trump had used his position for personal gain, stating that all his actions were intended to benefit the American public. The White House claimed that all of the President's stock transactions were managed by external financial managers, and that Trump and his family had no control over specific trades.
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