Market

• Indian equities declined on Tuesday, with the Sensex falling 388 points and the Nifty dropping 112 points due to a weaker rupee and rising crude oil prices. • Market analysts have identified 24,400 as a critical support level for the Nifty as investors navigate heightened geopolitical risks. • Market sentiment remains volatile as traders await upcoming inflation data, which will likely influence short-term stock action.

• China is leveraging its $28 trillion capital markets to fund AI development, highlighted by CXMT raising $9.8 billion through a new listing. • State investors are actively propping up the Chinese market to ensure continued funding for critical technology sectors. • In a separate deal, Thailand's Minor Group is acquiring the Korean-founded chicken franchise Bonchon.

• Medexus Pharmaceuticals Inc. experienced a significant stock price surge of 8.06% amid a spike in trading activity and increased market attention. • The company operates as a specialty pharmaceutical firm focusing on the commercialization and marketing of branded products for rare diseases and oncology support in Canada and the U.S. • Analysts advise investors to review recent regulatory filings and news releases to determine if the rally is driven by specific operational or financial changes.

• The London Stock Exchange (LSE) has reported a significant increase in trading volumes driven by strong corporate quarterly earnings. • Positive investor sentiment and favorable economic indicators are fueling cautious optimism across multiple market sectors. • A growing pipeline of upcoming IPOs from various industries suggests sustained momentum and broader market activity.

• Energy and oil prices rose on August 10, 2026, driven by growing uncertainty regarding a potential deal to reopen the Strait of Hormuz. • Fox (FOX) shares plummeted 9.7% following a Wall Street downgrade and continued ambiguity surrounding its pending deal with Roku. • Verisk Analytics (VRSK) saw a 5.7% decline after a Delaware court ordered the company to move forward with a contentious $2.35 billion acquisition of AccuLynx.

• Stock markets pulled back as investors expressed unease over ongoing negotiations to reopen the Strait of Hormuz. • The geopolitical tension led to an increase in oil prices and bond yields, which placed downward pressure on equity markets. • This volatility occurs at the start of a critical week as traders anticipate the release of key inflation data.

• US stock market indexes fluctuated on Tuesday as investors reacted to reports that the US and Iran were nearing an arrangement to end six months of conflict. • Oil prices neared $90 a barrel and Brent crude futures turned negative after an initial 2% gain, driven by impasse in negotiations regarding the reopening of the Strait of Hormuz. • Traders remain evenly split on whether the Federal Reserve will increase interest rates in September or implement a pause, according to the CME FedWatch Tool.