KOSPI closed at 6,595.45 on July 31 after rising more than 1,000 points in one session. SK Hynix (000660.KS) finished 29.95% higher at KRW 1,718,000, with foreign buying and the AI-chip rebound amplifying the index move.
Meta reported Q2 revenue of $60.80B, up 28%, but free cash flow fell to $784M as capital expenditures reached $31.08B. The stock dropped nearly 9% as 2026 capex guidance stayed at $130B-$145B.
Microsoft reported Q4 revenue of $90.0B, up 18%, and Azure revenue growth of 43%. The stock moved about 8%-9% higher after hours as cloud revenue and remaining performance obligation beat the AI spending concern.
SK Hynix reported KRW 79.3187T of Q2 revenue and KRW 60.5426T of operating profit, but shares fell about 9% as expectations for AI memory stayed above the record result. Operating margin reached 76%.
Ford raised 2026 adjusted EBIT guidance to $10B-$11B after Q2 adjusted EBIT reached $2.5B and adjusted EPS came in at $0.42. The auto maker still posted a $1.3B net loss tied to EV and BlueOval SK charges.
$KO rose 3.7% after Coca-Cola reported Q2 net revenue of $13.4B, up 7%, and adjusted EPS of $0.97 versus a $0.93 FactSet view. The company raised 2026 comparable EPS growth guidance to 9%-10% from 8%-9% and lifted expected free cash flow to about $12.4B.
American Airlines $AAL fell about 8% after Q2 results showed record $16.7B revenue but a renewed fuel shock. The carrier guided Q3 adjusted EPS to a loss of $0.70-$0.10 and full-year adjusted EPS to a range of ($0.65)-$0.65.
Super Micro Computer $SMCI rose about 15% after the company said fiscal Q4 gross margin should land at 15%-17%, almost twice its prior 8.2%-8.4% guidance. Revenue is still expected near the low end of $11.0B-$12.5B, but new orders above $60B reset the AI-server backlog story.
Archer Aviation closed up 19.59% at $5.31 after Anduril and Archer unveiled Thunder, a Group 5 autonomous attack rotorcraft. The move meets the single-stock Tier-1 threshold because it cleared 8% and was tied to a named company release.
The FAA will again allow Boeing $BA to issue airworthiness certificates for all new 737 MAX and 787 aircraft after an eight-month safety review. CNBC published the item on July 17, and the FAA said production-quality findings were comparable when Boeing and the agency alternated certificate issuance.
ASML reported Q2 net sales of €9.3B, a 54.0% gross margin and €2.9B net income, then raised its 2026 sales outlook to €43B-€45B. CNBC’s market feed showed the stock up about 3% after the release, making the beat-and-raise the clearest semiconductor earnings catalyst of the session.
IBM fell more than 20% after preliminary Q2 revenue of $17.2B and adjusted EPS of $2.93 missed FactSet expectations for $17.86B and $3.01. The warning makes the July 22 earnings call the next test for software, infrastructure, and AI spending exposure.