Friday, July 31, 2026

Tesla Stock Drops 5.61% After Price Cuts in China Amid Slumping Sales

Tesla's stock fell 5.61% after announcing price cuts in China due to a 49% sales drop, contrasting with BYD's 90% sales increase.

Middle East Shipping Rates Surge for 5 Weeks to 3,324 USD per TEU Amid U.S.-Iran Tensions

U.S.-Iran tensions have increased Middle Eastern shipping rates for five weeks, reaching a three-year high, while U.S. rates declined.

SK Hynix Moves Forward with Semiconductor Fab in Yongin to Support AI Memory Growth

SK Hynix has begun construction on its first semiconductor fab in Yongin, aiming to boost AI memory semiconductor production by 2027.

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