🐈 Only 6 ships crossed the Strait of Hormuz in the past 24 hours.


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🇺🇸 US Dollar’s share of global reserves has dropped to a 21st-century low.


💪@FinancialWorldUpdates

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SK Hynix crashes -15.4% in its biggest drop in history.


💪 @FinancialWorldUpdates

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Over $950 BILLION wiped out from Asian stock markets following US-Iran strikes.

🇰🇷 South Korea's KOSPI is down -9.2%, wiping out ₩561,200,000,000,000 ($377 BILLION)

🇯🇵 Japan's NIKKEI is down -2.7%, wiping out ¥38,610,000,000,000 ($236 BILLION)

🇨🇳 China's SSE is down -2.3%, wiping out ¥1,430,000,000,000 ($210 BILLION)

🇹🇼 Taiwan's stock market is down -3.1%, wiping out NT$3,813,000,000,000 ($127 BILLION)

🇮🇳 India's NIFTY is down -0.3%, wiping out ₹1,260,000,000,000 ($14.7 BILLION).

💪 @FinancialWorldUpdates

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EU, UK hit Russia with joint sanctions over cyber attacks.


💪 @FinancialWorldUpdates

🐈 US Earnings Season Kicks Off This Week

This week starts the US earnings season.
The largest banks report Tuesday: Goldman, Citi, Wells Fargo, JPMorgan, and BofA.
On Wednesday, Morgan, BlackRock, and BNY follow.


💪 @FinancialWorldUpdates

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🇬🇧 UK to provide over £250 million to help police protect Jewish communities due to rising antisemitic attacks.


💪 @FinancialWorldUpdates

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📊 TSMC, the world’s largest contract chipmaker, reports 68% surge in June revenue, per CNBC.


💪 @FinancialWorldUpdates

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🇨🇳 China demands the Strait of Hormuz remain open and safe for all commercial vessels.


💪 @FinancialWorldUpdates

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Trump says: we're taking over the Strait of Hormuz.

Brent crude oil prices extend gains to rise above $79/barrel.



💪 @FinancialWorldUpdates

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Hyundai completed a cross-border treasury pilot using Tether's USDT on Avalanche, reducing settlement times from hours to an average of 7 minutes.


💪 @FinancialWorldUpdates

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Crypto prediction platform Polymarket officially launches combo trading.


💪 @FinancialWorldUpdates

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🇺🇸 US home prices hit an all-time high.


💪 @FinancialWorldUpdates

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🇺🇸🇮🇷 Oil prices surge to four-week high as US-Iran fighting resumes.


💪 @FinancialWorldUpdates

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Korea Exchange (KRX) halted program selling for 5 minutes as KOSPI crashed -5%.


💪 @FinancialWorldUpdates

🐈

China's crude oil imports declined for another month in June, according to customs data.

The import level is now over 40% below that of June 2024.
Suppressed demand in China has been instrumental in keeping a lid on the oil rally.

Chinese refineries have been operating at a reduced run rate due to a ban on refined fuel exports, resulting in lower crude imports.

However, that trend is expected to reverse in July, with the refined fuel export ban finally lifted.


💪 @FinancialWorldUpdates