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On August 1st, Yonhap News Agency reported that driven by strong demand for memory chips, South Koreas exports surged nearly 63% year-on-year to $98.99 billion in July, marking the second-highest monthly export value on record, second only to Junes $102.2 billion. Imports increased by 26.5% to $68.56 billion, resulting in a trade surplus of $30.32 billion. By industry, semiconductor exports skyrocketed 179% to $41 billion, exceeding the $40 billion mark for the second consecutive month. Despite intensified competition, global memory product prices remained high. Data shows that exports to the US surged 68.7% to $17.4 billion, driven by AI data center investment projects launched by major high-tech companies. South Korean Minister of Trade, Industry and Energy Kim Jung-kwan stated that, driven by the strong performance of the semiconductor industry, 19 of South Koreas 20 major export categories achieved growth, demonstrating the significant effectiveness of export diversification.August 1st - According to the China State Railway Group, the two-month summer railway travel season, which began on July 1st and lasted until July 31st, saw a total of 432 million passenger trips. Since the start of the summer travel season, passenger flow has been concentrated in the Chengdu-Chongqing, Beijing-Tianjin-Hebei, Yangtze River Delta, and Guangdong-Hong Kong-Macau Greater Bay Area regions. Data shows that as of July 31st, the Beijing Railway Bureau of China State Railway Group transported a total of 38.774 million passengers, and the Guangzhou Railway Bureau of China State Railway Group transported a total of 58.925 million passengers.August 1, 2026 - Li Auto announced its July 2026 delivery figures. In July 2026, Li Auto delivered 30,468 new vehicles. As of July 31, 2026, Li Autos cumulative historical deliveries will reach 1,764,155 vehicles.DeepBlue Autos: Global sales in July 2026 reached 29,213 units, a year-on-year increase of 7.52%; cumulative global sales from January to July reached 193,369 units, a year-on-year increase of 13.48%; cumulative global sales exceeded 910,000 units.1. A missile attack in the Ukrainian capital injured 12 people. 2. Trump denied allowing Ukraine to produce Patriot interceptor missiles. 3. Polish Defense Minister: Polish F-16 fighter jets intercepted a Russian reconnaissance plane in the Baltic Sea. 4. Ukrainian President Zelensky: He spoke by phone with US Vice President Vance to discuss the outcome of his recent meeting with Trump in Washington. 5. Russian Grain Exporters and Producers Union: Attacks in the Black Sea region could lead to a complete blockade of export routes in the near future. 6. Ukrainian President Zelensky: Ukraine attacked Russian logistics facilities in three regions and a maritime terminal in the Krasnodar region of Russia. 7. Russian Ministry of Defense: Russian forces attacked a Ukrainian mail sorting center in the Dnipropetrovsk region, a fuel storage depot and oil refinery in Odessa, and struck a ship delivering supplies to the Ukrainian army in the Black Sea.

BTC Fear & Greed Index Slips on a Bearish Monday Session

Jimmy Khan

Sep 06, 2022 16:02

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Bitcoin's (BTC) price dropped by 1.07% on Monday. BTC finished the day at $19,789, reversing a 0.85% gain from the previous day. BTC closed the day below $20,000 for the third time in four sessions, while testing the $20,000 mark.


BTC rose to an early high of $20,060 over a volatile morning before going back down. BTC declined to a morning low of $19,636 after failing to surpass the First Major Resistance Level (R1) at $20,165. At $19,715, BTC breached the First Major Support Level (S1). BTC challenged resistance above $20,000 with an afternoon high of $19,965 before falling down after finding support in the early afternoon.


Since there were no significant crypto-related happenings, BTC was left to the whims of the NASDAQ 100 Mini and the European equities markets.


The riskier assets were under pressure from negative sentiment brought on by dismal Eurozone economic data. There wasn't much movement in the NASDAQ 100 Mini to alter the mood since the US markets were closed.


The DAX declined by 2.22% on Monday. The NASDAQ 100 Mini, on the other hand, is up 115.5 points this morning, bolstering BTC and the larger crypto market.


Later on today, the NASDAQ 100 and the cryptocurrency market will be impacted by US economic figures. The day's most significant statistic is the crucial ISM Non-Manufacturing PMI. Better-than-expected service sector activity might increase Fed anxiety and test the public's willingness to invest in riskier assets.