On July 17, UBS projected that the capital expenditure of hyperscale cloud providers will soar by 76% this year to $673 billion, but the growth rate is expected to slow to 25% next year, and by 2028, the growth rate will further decline to just 6%.
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UBS: Capital Expenditure of Hyperscale Cloud Providers to Surge 76% to $673 Billion This Year
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Zhongji Xuchuang Listed on Hong Kong Stock Exchange with CSRC Filing
On July 17, the International Cooperation Department of the China Securities Regulatory Commission (CSRC) issued a notice regarding the filing for the overseas issuance and listing of Zhongji Xuchuang Co., Ltd. The company plans to issue no more than 94,004,350 ordinary shares for overseas listing and list on the Hong Kong Stock Exchange. -
WTI Crude Oil Surpasses $80 per Barrel, Up 2.24% on the Day
On July 17, WTI crude oil surpassed $80 per barrel, increasing by 2.24% on the day. Brent crude oil futures also saw an expanded gain of 2%, reaching $85.942 per barrel. -
IRGC Strikes US Military Base in Qatar
On July 17, the Islamic Revolutionary Guard Corps (IRGC) of Iran announced in a statement that its Aerospace Force launched an attack on the Udeid Air Base of the US military located in Qatar. The statement claimed that 'a complete set of long-range radar systems and several aerial refueling aircraft were completely destroyed, and several other military aircraft were severely damaged.' (CCTV International News) -
Bitcoin Japan Raises $60 Million Through Convertible Bonds, Purchases $4.08 Million in Bitcoin
According to market news, Japanese listed company Bitcoin Japan Corporation (Tokyo Stock Exchange code: 8105.T) announced the completion of a $60 million financing through the issuance of convertible bonds, with $4.08 million already used for the initial purchase of Bitcoin as a reserve asset for the company's treasury. This marks another public company in Japan's compliant market that has incorporated Bitcoin into its balance sheet. -
Xiaomi Repurchases 3.8 Million Class B Shares for HKD 102 Million
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U.S. Stock Market: Storage Sector Rises Pre-Market, SanDisk and Micron Recover All Losses
On July 17, SanDisk's stock price recovered a 7% decline and has now turned positive. Micron Technology's pre-market decline narrowed to flat, after previously dropping 5% two hours earlier. SK Hynix's ADR pre-market gains expanded to 4%, after having previously dropped nearly 4%. -
PBOC: Foreign Institutions Hold 3.2 Trillion Yuan in Interbank Market Bonds by June 2026
The People's Bank of China (PBOC) reported that as of the end of June 2026, foreign institutions hold 3.2 trillion yuan in interbank market bonds, accounting for approximately 1.8% of the total custody volume in the interbank bond market. In terms of bond types, foreign institutions hold 2.01 trillion yuan in government bonds, representing 62.8%; 0.75 trillion yuan in policy financial bonds, accounting for 23.4%; 0.28 trillion yuan in interbank certificates of deposit, making up 8.8%; and 0.16 trillion yuan in other types of bonds, which is 5.0%. (Wall Street Journal) -
IRGC: Destruction of Multiple US Military Aircraft
On July 17, the Islamic Revolutionary Guard Corps (IRGC) issued a statement saying that in response to the US military's attack on non-military targets in southern Iran the previous night, the IRGC launched ballistic missiles and drones in two phases, destroying several US refueling and fighter aircraft. The statement noted that the US military had attacked multiple non-military targets in the southern Iranian port city of Abbas, including bridges, residential areas, and a water pumping station, using military bases in Jordan on the night of the 16th. The statement did not specify the exact timing of the IRGC's counterattack. According to reports from several Iranian media outlets, including Tasnim News Agency, the US military's attacks on that day targeted infrastructure such as airports, bridges, and train stations in southern Iran, resulting in multiple casualties. -
IRGC Releases Satellite Images of Destroyed US Military Facilities in Jordan
The Islamic Revolutionary Guard Corps (IRGC) has released satellite images showing the destruction of US military facilities located in Jordan. (Jinshi) -
Double Long Hynix ETF Drops 76% from Previous Highs
On July 17, the Hong Kong stock market saw the Southbound Double Long Hynix ETF drop by 20.68%, closing at HKD 44.8, marking a new low since April 24. This represents a 76% decline from its historical high of HKD 193.65 reached on June 25, resulting in a staggering drop of 76% in just 15 trading days. The underlying stock of SK Hynix in the South Korean market has also retreated 38% from its previous high. At a forum hosted by the Korean Chamber of Commerce today, SK Group Chairman Choi Tae-won stated, "The demand for memory chips is growing exponentially, which is why the stock prices of SK Hynix and Samsung Electronics have surged rapidly since last year." When asked about the recent decline in SK Hynix's stock price, he mentioned that stock prices typically rise with market expectations and then correct after an excessive rise. "I believe that the demand for memory chips will continue to exist, so over time, the stock price trend will show an upward trajectory."
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