Asian Currencies Steady as Dollar Holds Firm After U.S. Inflation Data 
Oil Prices Fall as U.S. Crude Inventories Surge and Hormuz Tensions Persist 
Canada-US Trade Talks Gain Momentum Ahead of Aug. 19 Tariff Deadline 
Australia Housing Crisis Deepens as Worker Shortages Delay Homebuilding 
European Stocks Rise as U.S. Inflation Data Eases Fed Rate Hike Fears 
Oil Prices Rise as Hormuz Tensions Threaten Global Supply 
Oil, Gold Rise as Geopolitical Risks Grip Markets Ahead of U.S. CPI 
Wall Street Hits Record High as Softer Inflation Data Eases Fed Rate Hike Fears 
Dollar Steady as Markets Await U.S. Inflation Data 
KOSPI Rebounds 20% as Samsung, SK Hynix Lead South Korea Stock Rally 
Oil Prices Slide as OPEC, IEA Cut 2026 Demand Forecasts 
Singapore Raises 2026 GDP Growth Forecast to 4.5%-5.5% as AI Boom Fuels Economy 
Trump Weighs Capital Gains Tax Cuts Ahead of Midterms 
US Dollar Slips as Softer PPI Data Eases Fed Rate Hike Expectations 
UK Economy Posts Surprise June Growth as World Cup and Hot Weather Lift Activity 
Gold Price Holds Near $4,400 as Hormuz Risks and CPI Drive Markets 
Japan Government Backs Earlier BOJ Rate Hike as Inflation Pressures Build 
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An analyst described the license accorded by the US government to Qualcomm to sell 4G mobile phone chips to China’s Huawei Technologies Co Ltd. as having “limited impact” with consumers are shifting to newer 5G devices.
Stacy Rasgon, a Bernstein analyst who made the comment, said it remains to be seen whether US officials will grant Qualcomm licenses for 5G smartphone chips.
The license to sell several products, including 4G mobile phone chips, was an exemption to US trade restrictions against Huawei.
A Qualcomm spokeswoman declined to reveal 4G products the company can sell to Huawei but said these were for mobile devices.
The company has other license applications pending with the US government.
Qualcomm was among American semiconductor firms forced to stop selling to Huawei in September due to US trade restrictions.
Other US companies stopped from selling to Huawei, such as Micron Technology Inc., have also applied for licenses.
Intel Corp has been granted a license to sell to Huawei.
Industry analysts expect Huawei’s stockpile of chips acquired before the ban to run out early next year, paralyzing its smartphone business.
