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On August 25th, as investor enthusiasm for artificial intelligence trading cooled and regulators tightened measures to curb demand, leveraged ETFs linked to South Korean chipmakers saw outflows of nearly $1 billion this month. According to data compiled by foreign media, leveraged products tracking Samsung Electronics saw outflows of $381 million in August, while those tracking SK Hynix saw outflows of $601 million. This marks the first monthly outflow for these products since their launch at the end of May. These products, designed to generate returns equivalent to twice the daily price fluctuations of chipmakers, have been accused of amplifying overall market volatility, particularly during the global AI trading sell-off in July. At that time, South Koreas Kospi index experienced a historic plunge, falling 22% in a single month. Subsequently, South Korean regulators raised the minimum margin requirements for new investors purchasing these products and required investors to conduct five days of simulated trading.The local governor said that the oil refinery in Russia’s Rostov region has ceased operations due to a Ukrainian drone attack.On August 25, in response to reports that the US planned to take countermeasures against countries not participating in sanctions against Iran, Foreign Ministry Spokesperson Lin Jian stated at a regular press conference that China has repeatedly stated its firm opposition to illegal unilateral sanctions without a basis in international law or authorization from the UN Security Council. Economic warfare and maximum pressure tactics will not help resolve the issue; they will only further escalate conflicts, cause risk spillover, disrupt the global economic and financial order, and harm the legitimate rights and interests of other countries. The urgent task is to de-escalate the situation and return to the track of dialogue and negotiation as soon as possible. Lin Jian said that Chinas cooperation with Iran has always been conducted within the framework of international law and should not be interfered with or disrupted. China is closely monitoring relevant developments and will take all necessary measures to firmly safeguard its own rights and interests.The local governor stated that an oil refinery in Russias Rostov region was attacked by a Ukrainian drone.On August 25th, Alibaba Cloud announced that its Cloud Sandbox Snapshot feature will officially launch commercial billing starting at 00:00 Beijing time on September 7th, 2026. Snapshot supports full-state snapshots (including memory and disk) of running sandboxes, enabling second-level recovery of the sandbox or cloning of multiple new sandboxes based on the snapshot. It is suitable for scenarios such as resuming interrupted Agent tasks running for extended periods, second-level cold starts for environment warm-up, and parallel cloning exploration.

Gold, Silver, Copper – Precious Metals Pull Back As Dollar Rebounds

Skylar Shaw

Jan 17, 2023 15:59

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Gold

Gold tried to hold above the $1930 resistance level but lost momentum and retreated around $1915. As the U.S. dollar recovered from multi-month lows, the gold markets were negatively impacted. The likelihood of a downturn is high since the RSI is still in overbought territory.

Silver

The $24.00 - $24.50 resistance level was challenged by silver, but it was unable to get enough upward momentum. Since late December, silver has been trading close to this resistance zone. Silver may challenge the psychologically significant $25.00 mark rapidly if it is able to stabilize above $24.50.

Copper

In today's trading session, copper is falling as investors take gains after the previous surge. The present decline is technical since traders are likely to continue paying attention to China's reopening, which is expected to increase demand for copper.