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China and Hong Kong equities advanced on Friday after stronger-than-expected July trade data reinforced confidence in the country’s export resilience. Robust demand for AI-related technologies, particularly semiconductors, lifted investor sentiment, while Morgan Stanley reiterated its preference for Hong Kong equities amid improving earnings prospects.
Guggenheim cuts Trade Desk stock rating on weak results, margin pressure
Airbnb raised its full-year 2026 revenue outlook following a strong Q2 performance. Revenue rose 17% to $3.61 billion, while EPS hit $1.37, beating Wall Street estimates. Robust international travel demand, FIFA World Cup bookings, and AI integration across host tools drove a sharp surge in after-hours stock trading.
SpaceX shares rebounded 6% after 900 million shares became eligible to trade following its first post-IPO lockup expiry, but investors remain cautious over future unlocks and potential volatility.
India Resurgence Fund has acquired a majority stake in Ashok Iron Works’ engineering business, betting on rising demand for large engine components amid the global manufacturing and data centre boom.
Crompton Greaves Consumer Electricals shares fell to a day’s low of ₹250 on Friday, even after posting strong Q1 results a day earlier. The company reported a 15.2% YoY jump in PAT to ₹143 crore (6.4% margin) and 11.8% YoY revenue growth to ₹2,235 crore, driven by broad-based performance across segments.
The outcome of the Karlapat bauxite block auction is significant, as aluminium makers and new entrants alike compete to secure long-term access to the mineral amid an aggressive capacity expansion cycle.
Malaysia Aviation Group (MAG) has ordered mandatory drug testing and stricter screening for pilots after a Malaysia Airlines pilot was arrested in Indonesia with 26 kg of MDMA.
Gold and silver prices climbed on the MCX on Friday, extending their recent gains as easing oil prices and expectations around U.S. interest rates supported sentiment. Investors are now awaiting the U.S. nonfarm payrolls report for clues on the Federal Reserve’s next policy move, while analysts advise caution ahead of the key data release.
Xiaomi India is launching its Mijia sub-brand for home and lifestyle products. This move aims to diversify the company’s offerings beyond declining smartphone shipments. The company plans to enter the large home appliances segment with local manufacturing partners. Mijia will join Xiaomi, Redmi, and Poco in the brand portfolio.