EUR/USD
1.15343
-0.062%
Gold
4397.17
0.667%
Oil
82.854
0.814%
USD/JPY
159.427
0.081%
GBP/USD
1.35045
-0.020%
GBP/JPY
215.304
0.062%
Real-time News
On August 12th, shares of South Korean chipmakers rose after media reports that Temasek Holdings planned to invest in their stocks. Samsung Electronics and SK Hynix shares surged by over 8% at one point, boosted by a report in the Asia Business Daily that Temasek had contacted South Korean investors regarding potential investments in Samsung and SK Hynix. It is understood that Temasek Holdings is considering the timing of the investment and plans to invest directly through its internal investment team. The South Korean KOSPI index also rose by approximately 5% as a result. In July, these chipmakers shares suffered a sharp sell-off as market concerns about the rapid pace of artificial intelligence infrastructure development led to the liquidation of leveraged positions. Recently, the shares have begun to rebound as market attention has shifted to the companies planned shareholder return policies.According to the Wall Street Journal, Japanese self-driving startup Turing plans to set up an office in the United States, aiming for a $10 billion IPO valuation.Libyas National Electricity Corporation: An attack on a substation south of Zawiya has caused a power outage in a large area south of the city.Libyas National Electricity Corporation: The South Zawiya substation was completely burned down and shut down in an attack.On August 12, Russia began importing gasoline from the distant Indian market after Ukraines attacks on Russian oil refineries caused a severe fuel shortage in the country. According to shipping data agency Kpler, this marks the first time Russia has imported gasoline from a South Asian country. Kpler stated that the first shipment of gasoline arrived on August 5, and more shipments are likely to arrive in Russia in the future. This fuel was transported via a series of tankers with ties to Russia, and then transshipped in waters near Egypt before reaching Russia. Kplers chief analyst, Sumit Ritolia, said, "The emergence of Indian gasoline shipments is particularly noteworthy." He said that these shipments from India, along with Russias continued imports of gasoline from Belarus and other neighboring markets, highlight the severity of the current imbalance between domestic gasoline supply and demand in Russia, and reflect how declining refinery operating rates are reshaping the traditional flow of refined petroleum products in Russia.
