Public Markets 3 Hours

Last updated: July 21, 2026, 8:30 PM ET

Asian Markets and Listings

Oil futures amid escalating concerns over Middle Eastern supply disruptions. Gold held its gains as traders assessed the potential impact of energy supply risks on inflation and Federal Reserve policy. The Japanese yen, reaching a four-decade low and prompting scrutiny of Japanese authorities' intervention resolve. In Hong Kong, Zhongji Innolight Co. launched its offering, seeking up to HK$55 billion ($7 , marking the city's largest listing in seven years.

US Antitrust and Corporate News

The Department of Justice's antitrust division under a nominee critical of Big Tech. A judge's decision by narrowly defining the movie market, drawing criticism. Super Micro Computer for the fourth quarter, now expecting gross margins between 15% and 17%, significantly higher than its previous guidance. Alaska Air of $76 million, primarily due to increased fuel costs linked to the conflict in Iran, though it anticipates a recovery in the third quarter. KKR & Co.'s commercial real estate lending arm, including a potential sale or merger, as the money-losing entity weighs its future.

Geopolitical Shifts and Economic Outlooks

Ukraine's President Zelensky, a move that followed the firing of a defense minister amid disagreements on war strategy. Meanwhile, the Pentagon estimates the conflict in Iran has cost $37.5 billion. Hong Kong home prices are projected to rebound by 19% over the next two years, driven by mainland Chinese demand and limited supply. Japan's ambitious high-speed rail project, reaching speeds of 505km per hour.