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Time:2026-07-14T07:10:12Z

China's exports surged at their fastest pace since 2021 in June, driven by the AI boom and tariff-front-running demand, with total foreign trade up 16.9% in the first half of 2026. Former President Trump has offered US naval protection in the Strait of Hormuz for a 20% fee, a proposal that could double shipping costs through the critical waterway. Middle East tensions continue to roil markets, with oil prices jumping as fighting flares and stock futures remaining mixed. A federal judge ruled that Trump's IRS lawsuit was filed for an improper purpose and referred his lawyer for possible disciplinary action, also voiding a $1.8 billion tax settlement. Indian IT stocks including HCL Tech, Infosys, and TCS are drawing analyst attention with upside target revisions.

China exports surge on AI boom and tariff rush

China exports surge on AI boom and tariff rushChina's exports rose at the fastest pace since June 2021, fueled by booming AI-related demand and companies rushing to front-load shipments ahead of potential tariff hikes. Total foreign trade surged 16.9% year-on-year in the first half of 2026. While AI-driven sectors are booming, weaker export segments continue to lag, creating a mixed picture for the world's second-largest economy.

Trump proposes 20% fee for Strait of Hormuz protection

Trump proposes 20% fee for Strait of Hormuz protectionFormer President Trump has proposed offering US naval protection in the Strait of Hormuz in exchange for a 20% fee from vessels passing through. The plan could double shipping costs and faces significant operational and diplomatic hurdles. Analysts question how the fee-based protection model would be enforced and whether it would be accepted by the international maritime community.

Middle East fighting drives oil prices and markets higher

Middle East fighting drives oil prices and markets higherRenewed fighting in the Middle East has sent oil prices jumping, while stock futures trade mixed as traders weigh geopolitical risks against upcoming earnings reports. Asian shares showed mixed performance amid the escalating tensions. AI stocks have also taken a hit as risk-off sentiment spreads across global equity markets.

Judge voids Trump IRS settlement, refers lawyer for discipline

Judge voids Trump IRS settlement, refers lawyer for disciplineA federal judge has ruled that former President Trump's IRS lawsuit was filed for an improper purpose, voiding a $1.8 billion tax settlement that critics said gave Trump immunity from tax audits. The judge referred Trump's lawyer for possible disciplinary action. The decision marks a significant legal setback for Trump and raises questions about the handling of his tax affairs.

Indian IT stocks draw analyst upgrades and target revisions

Indian IT stocks draw analyst upgrades and target revisionsIndian IT stocks including Infosys, HCL Tech, TCS, Wipro, and Coforge are attracting significant analyst attention with multiple brokerages issuing target price revisions. CLSA, JPMorgan, Morgan Stanley, Citi, and over a dozen other firms have weighed in on HCL Tech. The sector is seeing heightened interest amid global AI demand and outsourcing trends.