Pre-market News Summary: Fed Decision and Microsoft Meta Earnings Report in Focus, South Korea Introduces Overnight Market Stability Measures

BlockBeats News, July 29th, the market will face a sleepless night today. The Fed's decision, along with Microsoft and Meta's earnings reports, will be released, while Trump's tough stance on Iran has intensified market concerns.

A summary of key information before Wednesday's market open is as follows:

1. The Fed's decision will be announced during today's U.S. stock market trading, while Microsoft and Meta's earnings reports will be released after the market close. It is worth noting that a day before Microsoft's earnings report, its short position rose to the highest level in nearly a decade, and market concerns about whether AI capital expenditure can translate into revenue growth continue to ferment.

2. Trump made a tough statement on Iran before the U.S. stock market opened, saying, "We will hit them hard, they will suffer a heavy blow."

3. After holding an emergency meeting, the South Korean Ministry of Finance stated that South Korea has pledged to take more measures to stabilize the stock market, will take measures to restrict leveraged ETF trading. At the same time, South Korea will strengthen the regulation of leveraged ETF trading, limit retail investors' exposure to leveraged ETFs, immediately introduce additional regulatory measures for single-stock leveraged ETFs, and increase related transaction costs to curb ETF speculation.

Stock-specific highlights:

UBS (UBS.N): Q2 group revenue was $13.7 billion, market expected $13.986 billion.

NXP Semiconductors: Q2 2026 revenue was $3.496 billion, compared to $2.926 billion in the same period last year; net profit was $767 million, compared to $445 million in the same period last year.

U.S. major power and energy infrastructure company NextEra Energy (NEE.N) and asset management company Brookfield will invest $100 billion to build a data park in Kentucky.

Seagate Technology (STX.O): Q4 revenue was $3.629 billion, higher than the market's expected $3.485 billion; projected Q1 revenue is between $4 billion and $4.2 billion, with the market expecting $3.749 billion.

The Canadian government plans to cancel special taxes imposed on entertainment companies such as Netflix (NFLX.O) and Disney (DIS.N), but streaming platforms still need to allocate a portion of their revenue to produce Canadian domestic and Indigenous content.

Intel (INTC.O) announced the completion of the US Department of Defense Rapid Assured Microelectronics Prototyping Commercialization Plan, helping commercial and defense customers leverage Intel's 18A process to build chip design environments, chip testing, and early product prototyping, laying the foundation for future participation in the SecureEnclave secure manufacturing project.

SK hynix (SKHY.O): Q2 revenue reached 79.32 trillion Korean won ($54.55 billion), a 51% increase QoQ and a 257% increase YoY, but below the market's expectation of 84 trillion Korean won; operating profit reached 60.54 trillion Korean won, up 61% QoQ and a significant 557% YoY increase, falling short of the market's expectation of 64 trillion Korean won.

Nvidia stated that its engineers are using in-house developed chip design software to design the next generation of graphics processing units.

GlobalFoundries announced on the 29th that it has signed a memorandum of understanding with the US Department of Commerce to accelerate the development of next-generation silicon photonics technology. Under the agreement, the US Department of Commerce is expected to provide $300 million in funding to GlobalFoundries to advance advanced optical materials, wafer technology, and advanced packaging development to support next-generation optical interconnect technology needed for AI and high-performance computing data centers.