🇨🇳 Chinese AI firm DeepSeek prepares to file for an IPO as soon as this year.

@Fin_Watch

📊 $LCID is up 103% in the last 1.5 hours after the company denied bankruptcy rumors.

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🇺🇸 U.S. Strategic Petroleum Reserve falls to lowest level in almost 40 years.

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🇺🇸 US issues $81 billion in tariff refunds.

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🇺🇸 Treasury Secretary Scott Bessent says all gold at Fort Knox is present and accounted for, with U.S. gold reserves now worth over $1 TRILLION.

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📊 SK Hynix is now trading at a 50% premium in the US and the stock is up 24% today.

SK Hynix is a key supplier of HBM chips for Nvidia's GPUs and markets are betting on easing of chip restrictions and shipments to China.

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NEW: 🇺🇸 US House passes bill to make daylight saving time permanent, ending twice-yearly clock changes.

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🚨🚨 SpaceX $SPCX drops below its $135 IPO Price for the first time in history.

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🇯🇵 Japanese Retail Traders have now built the largest U.S. Dollar short position since the Global Financial Crisis.

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🇺🇸 Foreign Investors boosted their U.S. Treasury holdings to $9.37 Trillion, the second largest total in history.

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🇨🇳 China’s economy slowed in the second quarter of this year, expanding at a 4.3% annualized pace, per AP.

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🚨🚨 BREAKING: Korea Exchange halted trading for program selling as KOSPI crashes -6%.

Over ₩372,000,000,000,000 ($250 BILLION) has been wiped out from South Korean stocks after the President called the market "unstable" yesterday.

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🇰🇷 South Korea's central bank just raised interest rates for the first time in more than 3 years - Bloomberg

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🇺🇸 U.S. Debt now exceeds 100% of GDP for the first time since World War 2.

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🚨🚨 Over $600 BILLION has been wiped out from Asian stocks as semiconductor and tech shares crashed following yesterday's U.S. memory stocks sell-off and Korea interest rate hike.

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🇺🇸🇨🇳 U.S. lawmakers urge Trump administration to ban Chinese memory chips – FT.

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📊 Market Overview:

SPX: $7572
NASDAQ: $26269
DXY: $100

Gold: $4002
Silver: $56
Bitcoin: $63945

@Fin_Watch

🇺🇸 Over $400 BILLION has been wiped out from US stock market till now after Iran threatened to close the Bab el-Mandeb Strait.

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🇺🇸 President Trump promoted over 20 companies on Truth Social days after buying their stocks - CNN.

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