Bloomberg Television·2026-07-31 06:23Market Trends & Macro Dynamics - Asian tech stocks surged following solid U.S. big tech spending forecasts, with Korean equities rising 16%[1][40] - Chinese equities are on track to outperform U.S. equities for a fifth consecutive week, with China's MSCI index up 2%[2][32] - The Bank of Japan (BOJ) faced suspected official intervention, causing the yen to jump by its most in over two years, while South Korean authorities also sold dollars to strengthen the won[2][5][14] - China's manufacturing PMI came in at 49.2% and non-manufacturing PMI at 49, both signaling economic contraction and missing market estimates[67] Corporate Earnings & Artificial Intelligence - Amazon and Microsoft reported robust cloud and artificial intelligence infrastructure demand, alleviating market concerns over the sustainability of the AI boom [42][43][45] - Silicon Motion reported second-quarter revenue growth of 127% year-on-year, with third-quarter guidance smashing consensus expectations by 23%[155] - DeepSeek is reportedly building a 1-gigawatt artificial intelligence data center in Inner Mongolia, a project projected by Jensen Huang to potentially cost up to $50 billion[3][82][85] - Situational Awareness, a hedge fund started by Leopold Ashkan Brenner, saw its assets slump to about $10 billion after Citadel acquired the bulk of its public stock portfolio following heavy losses in tech stocks[103][104] Investment Opportunities & Strategic Risks - South Korea announced plans to inject 20 trillion won (approximately $14 billion) into its sovereign wealth fund to strategically invest in artificial intelligence, data centers, and technology infrastructure, expanding its mandate to include domestic assets for the first time [215][217] - Tesla is reportedly considering weighing the sale or closure of its China business to ring-fence operations from geopolitical tensions and pave the way for a potential merger with SpaceX[8][76]