Express News | Iran stated that mediators have proposed a 10-day ceasefire between the U.S. and Iran.
U.S. Strategic Petroleum Reserve fell by another 5.1 million barrels last week, hitting a 43-year low.
According to data from the U.S. Department of Energy, U.S. Strategic Petroleum Reserve crude oil inventories declined by approximately 5.1 million barrels last week, falling to 311.4 million barrels—the lowest level since March 1983. Data covering the latest figures through last weekend is expected to be released on Wednesday.
International oil prices dropped sharply in the short term! Reports: Mediators between the U.S. and Iran have proposed that both sides halt military strikes for 10 days.
The situation between the U.S. and Iran has once again entered a complex phase characterized by concurrent diplomatic and military developments. On July 20, Iran confirmed it had received a ceasefire proposal led by Qatar, which called for a 10-day truce between the two sides. However, on the same day, the Iranian president stated that the country was in a state of 'total war.' Meanwhile, military operations continued unabated: U.S. forces carried out airstrikes against targets inside Iran for the ninth consecutive night, while Iran’s Islamic Revolutionary Guard Corps launched drone attacks on U.S. military bases in Kuwait.
Southbound Capital Flow | Southbound capital recorded a net sell-off of HK$5.962 billion, increasing positions in tech stocks while selling hardware shares; the Tracker Fund of Hong Kong (02800) saw net outflows exceeding HK$5.1 billion throughout the day
On July 20, southbound capital recorded a net selling of HK$5.962 billion in the Hong Kong stock market. Of this, Stock Connect (Shanghai) reported a net selling of HK$3.165 billion, while Stock Connect (Shenzhen) reported a net selling of HK$2.798 billion.
Hong Kong Market Close (07.20) | Hang Seng Index Rises 2.36% to Surpass 25,000; Tech Stocks Broadly Higher, Energy and Innovative Drug Sectors Shine
Hong Kong's three major indices rose steadily throughout the trading day, with the Hang Seng Index gaining more than 2% to reclaim the 25,000 mark, while the Hang Seng Tech Index surged by over 3% at one point.
Hong Kong Market Close | Tech Index Rises Nearly 3%, Leading Major Indices; KimiK3 Open-Sourcing Sends Shockwaves Through AI Large Models
① Why did power and oil stocks strengthen today? ② What are the key features of KimiK3, the open-weight model released by Moonshot AI?