TechFlow News: According to Jin10 Data’s roundup of major news from yesterday evening and this morning, spot gold plunged 3% to its lowest level since October last year, while spot silver fell below $50 per ounce. The yen briefly rebounded 70 pips after dropping below the 160 level in the early hours, as the risk of intervention by the Bank of Japan increased. Nvidia’s market capitalization fell below $4 trillion, with shares closing down more than 4%. U.S. media reported that Nvidia is facing an antitrust investigation by the U.S. Department of Justice.

Domestically, Li Qiang chaired the State Council’s 22nd study session, proposing to expand the coverage of corporate annuity plans and enhance the long-term sustainability of social security funds. Domestic refined oil prices were sharply reduced, saving about 25 yuan on a full tank of gas. The Ministry of Commerce said China and the U.S. are maintaining close communication on issues including tariff reductions, trade, and investment. Internationally, British media reported that the EU and the UK will delay imposing a 10% tariff on electric vehicles. The Houthis said they had struck Saudi Aramco and attacked pumping stations along the East-West Pipeline.