[Today's Morning Report] July 30, 2026

English summary

### [Today's Morning Report] July 30, 2026 Time: 2026-07-30 08:21:02 Content: 1. Core Views: Overnight, global markets suffered a double blow of 'Fed hawkish hold' and 'sharply escalating US-Iran conflict'. The Fed's July meeting voted 9:3 to keep rates unchanged at 3.50%-3.75%, the first time since 2016 with three dissenting votes in the same direction; the three voters favored a 25bp rate hike. Barclays characterized it as a 'hawkish hold'. Trump claimed 'to deal a heavy blow to Iran' and sought to impose tariffs on Iran. The US military launched a new round of airstrikes on Iran, and Middle East risk premium was fully repriced. Dragged down by this, US stocks nosedived in late trading, with the Dow plunging 1,153 points or 2.19%, the Nasdaq falling 1.74%, the S&P 500 down 1.52%, and the Philadelphia Semiconductor Index down 5.33%, falling for a fifth consecutive day. Storage and optical communication sectors continued to slump, with Micron falling about 10% and Kioxia ADR falling over 9%.…