EUR/USD
1.16783
0.003%
Gold
4616.86
2.163%
Oil
86.290
0.427%
USD/JPY
158.995
-0.035%
GBP/USD
1.36466
0.123%
GBP/JPY
216.979
0.098%
Real-time News
Iranian President Pezechzian: The world is amazed by Iran’s “resistance, unity and cohesion”.Iranian President Pesshizian: Washington made the mistake of predicting before the war that Iran would fall under American aggression and become like Venezuela.August 23 – According to the Financial Times, despite the severe blow to semiconductor products in July and August, investors poured billions of dollars into risk-leveraged funds tracking semiconductor companies in an attempt to prepare for a potential rebound in the sector. Data from Morningstar shows that the largest leveraged exchange-traded fund tracking chip stocks, Direxion Daily Semiconductor Bull 3X Shares, attracted nearly $7 billion in net inflows in the first two weeks of July and August. This ETF offers three times leveraged exposure to the NYSE Semiconductor Index, which includes 30 U.S. chip companies. While the index is down more than 20% from its peak, the fund itself has plummeted 70% from its June peak to its subsequent low. During and after the chip stock crash, individual stock leveraged funds tracking chipmakers SK Hynix and SanDisk also attracted significant inflows. Goldman Sachs U.S. equity strategist Snyder stated: "Buying low and selling high has always been a popular strategy for many leveraged ETFs." However, Barclays head of derivatives research, Angupta, said: "We have noticed many times that the trend of funds flowing into leveraged ETFs is clearly buying on dips. But buying on dips can sometimes be like catching a falling knife."Canadian Prime Minister Carney: Trump “misjudged the situation” and escalated the tariff offensive, putting Canada and the United States “at war” on trade issues.Iranian President Peshizian: We are in the midst of a full-scale economic, military and security war.
