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8/5
21:18
This measure aims to address the issue of stocks like SK Hynix experiencing significant price deviations due to low liquidity and small trading volumes during pre-market hours. Previously, SK Hynix had momentarily hit its 30% downside limit in Nextrade pre-market trading due to a very small number of shares being traded. A similar incident on the 28th of last month led to the forced liquidation of approximately 83 billion Korean Won (about 60 million US dollars) in perpetual contracts in the overseas cryptocurrency derivatives market. The new static circuit breaker mechanism stipulates that if the declared price deviates by 10% or more from the previous day's closing price or reference price, the system will pause immediate matching and switch to a two-minute call auction to discover a reasonable price.
21:14
Nick Timiraos reported that San Francisco Fed President Mary Daly will deliver a speech tonight (Thursday morning in Tokyo time) outlining a bimodal economic outlook. Daly indicated that while scenario one remains her base case, scenario two has been gaining traction and warrants closer attention. Regarding the Federal Reserve's decision not to act in July, Daly clarified that it was not about "fine-tuning" policy, but rather about determining if the economy is in a fundamentally "different world" that would necessitate a more substantial policy adjustment. She added that more information is forthcoming, which could reveal a "very different situation" if recent shocks subside.
21:04
According to The Wall Street Journal, some investors purchased shares in private companies like SpaceX through Special Purpose Vehicle (SPV) funds, hoping to gain "exposure" before the companies went public. However, they were later informed that these shares had been sold even before actual trading began. The report noted that such SPV funds operate with less regulation and are typically only accessible to accredited investors.
21:01
Wall Street Insights analysis suggests that this surge was the largest single-day gain since February and the highest closing price since June 18. On a macro level, the ADP July new jobs report was much lower than expected that day, Donald Trump stated that negotiations with Iran were progressing smoothly, WTI crude oil plummeted by 5.5%, and the DXY fell below 100. These factors collectively pushed down the probability of a September rate hike and U.S. Treasury yields, providing an initial catalyst for gold's rise. However, the analysis believes that the core driver of the extraordinary 4.48% surge was the concentrated triggering of programmatic short-covering orders by CTA funds after gold prices broke through the key technical level of $4200, leading to a large-scale short squeeze, rather than active buying pushing up prices.
21:01
A report released by the Goldman Sachs James Schneider team on August 5 pointed out that SanDisk and Western Digital's latest quarterly financial reports showed strong performance, with revenue, gross profit margin, and earnings per share all exceeding expectations. However, market expectations for the storage industry have run too far ahead of reality, making it difficult for the two companies' stock prices to benefit from the impressive results. Goldman Sachs expects both stocks to face downward pressure after the earnings release.

Specifically, Western Digital's Q2 revenue was $3.747 billion, a year-over-year increase of 43.8%, with a gross profit margin of 54.4% and non-GAAP EPS of $3.56, all exceeding expectations. However, its Q3 guidance failed to surprise, and Goldman Sachs maintained a "Neutral" rating and a target price of $650.

SanDisk's Q2 revenue was $8.965 billion, a substantial year-over-year increase of 371.6%, and non-GAAP EPS of $39.25, also significantly exceeding expectations. However, its Q3 revenue guidance midpoint of $10.55 billion was lower than Goldman Sachs' and market consensus forecasts, and its gross profit margin guidance was also below expectations, disappointing the market. Goldman Sachs maintained a "Buy" rating and a target price of $2,200.

Goldman Sachs also noted that given the high overlap in end-market exposure between Micron Technology (Micron) and SanDisk, the negative reaction to SanDisk's earnings is expected to spill over to Micron, and investors should pay attention to the short-term trend of Micron's stock price.
20:51
This round of increases was mainly driven by multiple factors, including former US President Donald Trump's statement on reopening negotiations for the Strait of Hormuz, global central banks' better-than-expected expansion of gold reserves in the second quarter (with the Bank of Korea resuming gold purchases after 13 years), and cooling expectations for a September rate hike by the Federal Reserve.
20:25
The visas grant indefinite rights to work, live, and study in New Zealand.
20:20
Japanese stocks were lower in early trade following Wednesday’s sharp gains led by artificial intelligence-related shares.
20:20
More than two months after President Prabowo Subianto unveiled plans to take control of Indonesia’s top commodity exports, the agency charged with carrying out the proposal is caught between competing visions of its role in the economy’s most vital export industry.

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