\u2014 Chloe Taylor<\/p>\n
European stocks mixed<\/p>\n
European shares were mixed on Tuesday, with no broad consensus movement seen across the continent’s indexes. <\/p>\n
Twelve minutes into the trading session, the pan-European Stoxx 600 was marginally higher, with the index oscillating around the flatline in early dealmaking. <\/p>\n
London’s FTSE 100 and the French CAC 40 were higher, while Germany’s DAX fell shortly after the open. <\/p>\n
Shell raises gas production guidance, but says output hampered by Iran war<\/p>\n
Gas prices are displayed at a Shell gas station on June 22, 2026 in Los Angeles, California. <\/p>\n
Justin Sullivan | Getty Images News | Getty Images<\/p>\n
Shell<\/a> hiked its integrated gas production guidance on Tuesday, but said output would still be markedly lower than it was in the first quarter due to the impact of the U.S.-Iran war.<\/p>\n The oil giant is scheduled to release its finalized second-quarter earnings in full on July 30.<\/p>\n Its outlook for second-quarter integrated gas production was raised to a range of 610,000 to 650,000 barrels of oil equivalent per day, from the guidance of 580,000 to 640,000 given to investors in May. <\/p>\n However, the upgraded range still marks a notable decline from the 909,000 barrels produced in the first quarter of the year. Shell said on Tuesday that the downturn “reflects the impact of the Middle East conflict on Qatari volumes.”<\/p>\n \u2014 Chloe Taylor<\/p>\n South Korean exchange triggers circuit breaker for Kospi index<\/p>\n The South Korean exchange triggered circuit breaker for its main index\u00a0Kospi<\/a>, with trading halted for about 20 minutes after the index plunged.<\/p>\n Kospi fell more than 8%, while the small-cap Kosdaq lost over 3%. This is the sixth time that circuit breaker was activated this year, according<\/a> to local media outlet Chosun. <\/p>\n The Kospi was pressured by index heavyweight Samsung which fell over 9% even as the tech giant forecast<\/a> a record profit for the second quarter. SK Hynix also fell 10%, further pressuring the index.<\/p>\n \u2014Justina Lee <\/p>\n Asian tech stocks drop with South Korean chipmakers leading the slide <\/p>\n Asian technology stocks sold off Tuesday, amid broad declines across regional markets. <\/p>\n South Korean tech stocks were one of the hardest hit. Kospi heavyweight Samsung fell 9% even as it forecast<\/a> a record for the second quarter. Another index heavyweight SK Hynix dropped over 10%. Other tech-related names also came under pressure, with Samsung SDI down 3.88%, LG Display falling 3.40%.<\/p>\n In Japan, tech investor SoftBank Group<\/a>\u00a0also declined more than 4%.\u00a0Advantest<\/a>\u00a0fell 2.76%, while\u00a0Tokyo Electron<\/a>\u00a0was down over 4%.\u00a0Murata Manufacturing<\/a>, which makes electronic components, fell 8.62%.\u00a0Fanuc<\/a>, manufacturer of industrial robotics,\u00a0lost 5.44%.\u00a0<\/p>\n In Taiwan, Apple supplier\u00a0Hon Hai Precision Industry<\/a>\u00a0declined 2.27%, contract manufacturer\u00a0Pegatron<\/a>\u00a0was down 2.60% and iPhone camera lens maker Largan Precision lost more than 6%. Chip giant\u00a0Taiwan Semiconductor Manufacturing Co<\/a>, or TSMC, fell 0.81%.<\/p>\n \u2014\u00a0Justina Lee<\/p>\n Kuaishou Technology shares fall nearly 10% after major shareholder Tencent reportedly cuts stake <\/p>\n Shares of Kuaishou Technology<\/a> dropped 9.6% Tuesday, after its major shareholder Tencent sold $1.5 billion stake<\/a>, according to a Bloomberg report. <\/p>\n Tencent sold 273 million shares in the short-video company at 43.25 Hong Kong dollars, according to the report, a 6% discount to Kuaishou’s close on Monday.<\/p>\n Tencent earlier this month backed a $2.8 billion financing round<\/a> for Kuaishou’s Kling AI. <\/p>\n \u2014Justina Lee<\/p>\n Japan’s Sapporo Breweries partners with Carlsberg to boost Southeast Asia, Hong Kong markets<\/p>\n Sapporo Breweries will form a joint venture with Carlsberg, as part of its efforts to strengthen its presence in the beer industry across Southeast Asia and Hong Kong.<\/p>\n Sapporo and Carlsberg will increase the scope of their partnership to additional markets including Laos, Vietnam and Cambodia.<\/p>\n The Japanese brewery will invest about $643 million to acquire a 25% equity stake, with the investment expected to generate returns of more than a 12%. Carlsberg will contribute its businesses in the relevant markets. <\/p>\n “Through this alliance, Sapporo aims to expand sales volume of its “Sapporo Premium Beer” in the target markets to approximately 10 times the 2025 level by 2035,” the company said<\/a>, adding that the region’s beer market is expected to increase at an annual rate of approximately 5%. <\/p>\n Sapporo’s shares last traded 0.34% higher at 1,902 yen. <\/p>\n \u2014 Justina Lee<\/p>\n Oil rises amid worries over renewed tensions in the Strait of Hormuz<\/p>\n Oil rose Tuesday in early Asia trade amid concerns over renewed tensions in the Middle East after an oil tanker was hit near the Strait of Hormuz, with Axios reporting that Iran had resumed attacks<\/a> in the strait. <\/p>\n Futures for international crude benchmark\u00a0Brent<\/a> for September delivery gained 0.63% to $72.45 a barrel. U.S.\u00a0West Texas Intermediate\u00a0futures<\/a>\u00a0for August advanced 0.57% to $68.94 per barrel.<\/p>\n British maritime security agency UKMTO on Tuesday said that an “unknown projectile” struck and caused a fire<\/a> on an oil tanker off the coast of Oman near the Strait of Hormuz on Monday, raising concerns over ongoing efforts to secure a lasting peace agreement between the U.S. and Iran.<\/p>\n “Vessels are advised to transit with caution,” the UKMTO said.<\/p>\n \u2014Justina Lee<\/p>\n Hanwha Ocean’s shares drop 23% as it loses bid to build Canada’s next fleet of submarines<\/p>\n Shares of South Korea’s Hanwha Ocean plunged about 23% Tuesday, after the company lost its bid to build Canada’s next fleet of submarines. <\/p>\n Canadian Prime Minister Mark Carney announced Monday that\u00a0Germany’s Thyssenkrupp Marine Systems, or TKMS, would be the preferred supplier for the submarines.\u00a0<\/p>\n That is expected to be a setback to Hanwha Ocean, as the contract was estimated to be up to $100 billion over three decades, according to The Korea Times<\/a>. <\/p>\n \u2014Justina Lee<\/p>\n Samsung Electronics shares drop 7% despite record second-quarter profit forecast<\/p>\n Samsung Electronics on Tuesday saw its shares slide 7% even as it forecast record second-quarter operating profit of 89.4 trillion won ($58.4 billion), topping analyst estimates. <\/p>\n Operating profit from the same period a year earlier was 4.7 trillion won.<\/p>\n The tech giant expects revenue for the April-to-June period to rise to 171 trillion won, up from 133.9 trillion won in the previous quarter.<\/p>\n The results include deducted one-off expenses for employee bonus provisions following recent labor negotiations, according to analysts.<\/p>\n Earlier this year, Samsung agreed to scrap its 1,000% base salary bonus cap and earmark 10.5% of its operating profit for bonuses, capitulating to a weeks-long labor union protest that demanded a fair share of the company’s earnings.<\/p>\n \u2014 Jenny Lee<\/p>\n South Korea’s Kospi leads declines as Asia-Pacific markets open lower <\/p>\n Asia-Pacific markets traded broadly lower early Tuesday, breaking ranks with Wall Street that saw the Dow hit a new high overnight.<\/p>\n South Korea’s Kospi<\/a> dropped 1.71% at open, while the small-cap Kosdaq declined 0.72%. <\/p>\n Japan’s\u00a0Nikkei 225<\/a>\u00a0was marginally lower, though the Topix added 0.27%.<\/p>\n Australia’s benchmark S&P\/ASX 200<\/a> fell 0.12%.<\/p>\n Futures for Hong Kong’s\u00a0Hang Seng index<\/a> last traded at 23,571, lower than the index’s close of 23,616.32.<\/p>\n \u2014 Justina Lee<\/p>\n Japan’s Nikkei 225 is set to rise at open after Wall Street rally <\/p>\n Asia-Pacific markets were set to open mixed Tuesday, after Wall Street rallied overnight with the Dow jumping 150 points for its first close above 53,000. <\/p>\n Japan’s\u00a0Nikkei 225<\/a>\u00a0was poised to gain, with the Chicago futures contract at 70,350 and its Osaka counterpart last trading at 70,300, compared with the index’s previous close of 69,737.69.<\/p>\n Hong Kong\u00a0Hang Seng index<\/a>\u00a0futures were last at 23,571, lower than the index’s close of 23,616.32.<\/p>\n Futures for Australia’s S&P\/ASX 200<\/a> last traded at 8,813, while the\u00a0index closed at 8,831.<\/p>\n Tensions in the Middle East have eased, but friction between NATO members is now in focus as President\u00a0Donald Trump<\/a> piles on pressure over defense spending.<\/p>\n The U.S. ambassador to the alliance told CNBC on Monday that “the target is that Europe takes over the conventional defense of the European continent.” <\/p>\n “We’re not going away, we’re just doing less,” Ambassador Matthew Whitaker said about U.S. involvement in European security and defense, ahead of this week’s\u00a0NATO summit in Ankara, Turkey<\/a>.<\/p>\n \u2014Justina Lee <\/p>\n SpaceX slips ahead of Nasdaq-100 inclusion<\/p>\n SpaceX<\/a> shares slid around 1% in extended trading on Monday ahead of the stock’s entrance into the Nasdaq-100<\/a>.<\/p>\n The rocket company will join the concentrated index on Tuesday. It’s expected to catalyze a spate of passive buying from mutual and exchange-traded funds that track the index.<\/p>\n CNBC Pro subscribers can click here<\/a> to read more about what it means for investors.<\/p>\n \u2014 Alex Harring<\/p>\n Trump says Walmart will lower prices<\/p>\n An employee stocks ground beef into a display case at a Walmart Supercenter retail store in North Bergen, New Jersey, U.S., Nov. 21, 2025. <\/p>\n Mike Segar | Reuters<\/p>\n Walmart<\/a> shares ticked lower after the bell on Monday after President Donald Trump claimed that the retailer would cut price tags.<\/p>\n “I have just been informed that one of the biggest, best, and smartest Retailers in America, Walmart, will be lowering prices, by a lot, at my Administration’s request to celebrate our great Country’s 250th birthday,” Trump wrote on Truth Social in an afternoon post.<\/p>\n Trump said that Walmart would specifically lower ground beef prices “by almost 15%.” Other products would also see price decreases, he said.<\/p>\n “Walmart is stepping up in a big and bold way, and other Retailers should follow the lead of these absolute Patriots,” Trump wrote.<\/p>\n Walmart shares slipped about 1% in Monday’s session, marking its seventh losing day of the last eight. Shares are slightly below flat on the year.<\/p>\n \u2014 Alex Harring<\/p>\n Vertex shares fall after news the company will buy Crinetics Shares of Vertex Pharmaceuticals<\/a> dropped more than 2% following news that the company will be buying Crinetics<\/a>.<\/p>\n Vertex said it has entered an agreement to acquire Crinetics for $85 per share in cash, valuing the deal at about $10 billion. <\/p>\n The acquisition is expected to close in the third quarter of 2026.<\/p>\n Shares of Crinetics nearly doubled in extended trading.<\/p>\n \u2014Darla Mercado<\/p>\n Stock futures are little changed<\/p>\n Futures tied to the Dow, S&P 500 and Nadaq-100 all traded near flat shortly after 6 p.m. ET.<\/p>\n \u2014 Alex Harring<\/p>\n","protected":false},"excerpt":{"rendered":"Chip sell-off extends to Europe Employees assemble a ASML NXT1970Ci photolithography machine at the ASML Holding factory in…\n","protected":false},"author":3,"featured_media":918119,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[6],"tags":[9203,133,64,81,76480,69,91320,144,250818,250817,135,14229,91322,143,26446,91321,145,15243,59001,250644,95914,134,16285,67,132,68,115827],"class_list":["post-918118","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-advanced-micro-devices-inc","tag-breaking-news-markets","tag-business","tag-business-news","tag-dell-technologies-inc","tag-donald-trump","tag-dow-jones-fut-sep25","tag-dow-jones-industrial-average","tag-invesco-qqq-trust","tag-ishares-semiconductor-etf","tag-markets","tag-microsoft-corp","tag-nasdaq-100-fut-sep25","tag-nasdaq-composite","tag-rivian-automotive-inc","tag-sp-500-fut-sep25","tag-sp-500-index","tag-south-korea","tag-space-exploration-technologies-corp","tag-spdr-dow-jones-industrial-average-etf-trust","tag-spdr-sp-500-etf-trust","tag-stock-markets","tag-suppress-zephr","tag-united-states","tag-unitedstates","tag-us","tag-western-digital-corp"],"share_on_mastodon":{"url":"","error":"Validation failed: Text character limit of 500 exceeded"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/918118","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=918118"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/918118\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/918119"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=918118"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=918118"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=918118"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"Vertex](\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2026\/07\/108331088-17833693631783369361-46999471812-1080pnbcnews.jpg\")
<\/p>\n