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BigBreakingWire
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CNN reports President Trump bought $200,000–$500,000 worth of Nvidia (NVDA) shares just days before praising the company’s US AI supercomputer project on Truth Social on April 15, 2025, calling it a "very big and exciting announcement."
In the post to his 9+ million followers, Trump said all necessary permits for Nvidia and similar companies would be expedited and quickly delivered.
CNN says Trump promoted more than 20 companies on Truth Social shortly after buying their shares, and in some cases announced potential government actions that could benefit those investments.
The White House denied Trump used his office for personal gain, saying his investments are managed by external financial managers and that Trump and his family do not control individual trades.
In the post to his 9+ million followers, Trump said all necessary permits for Nvidia and similar companies would be expedited and quickly delivered.
CNN says Trump promoted more than 20 companies on Truth Social shortly after buying their shares, and in some cases announced potential government actions that could benefit those investments.
The White House denied Trump used his office for personal gain, saying his investments are managed by external financial managers and that Trump and his family do not control individual trades.
🚨 Yemen's Houthis are preparing to close the Bab el-Mandeb Strait, a key shipping route, mirroring Iran's strategy at the Strait of Hormuz.
This could force ships to reroute around Africa and disrupt global trade.
The group is waiting for the right moment to act as part of a broader Iranian strategy to pressure the US and its allies.
Source: The Telegraph
This could force ships to reroute around Africa and disrupt global trade.
The group is waiting for the right moment to act as part of a broader Iranian strategy to pressure the US and its allies.
Source: The Telegraph
🔴 Traffic through the Strait of Hormuz has been disrupted again, raising the risk of another major supply shock in global oil markets.
The IMF said a similar disruption between March and May removed around 4 million barrels per day (bpd) of oil supply, with the shortfall largely offset by drawing down global inventories.
The IEA responded with its largest-ever strategic release, supplying about 400 million barrels from emergency reserves, while major oil-consuming countries also cut refinery runs and relied on domestic stockpiles.
The IMF warned that much of this inventory buffer has now been used, leaving global oil markets more vulnerable if another supply disruption occurs.
The IMF said a similar disruption between March and May removed around 4 million barrels per day (bpd) of oil supply, with the shortfall largely offset by drawing down global inventories.
The IEA responded with its largest-ever strategic release, supplying about 400 million barrels from emergency reserves, while major oil-consuming countries also cut refinery runs and relied on domestic stockpiles.
The IMF warned that much of this inventory buffer has now been used, leaving global oil markets more vulnerable if another supply disruption occurs.
Japan Passes Landmark Crypto Law, Reclassifies Bitcoin as Financial Product
• Japan's parliament passed amendments to the Financial Instruments and Exchange Act, reclassifying cryptocurrencies like Bitcoin as financial products alongside stocks and bonds.
• The law introduces insider trading bans, mandatory issuer disclosures, and increases the maximum prison term for unregistered crypto operators from 3 years to 10 years.
• Lawmakers also approved a plan to cut crypto tax rates from as high as 55% to a flat 20% by 2028.
• The legislation also paves the way for domestic spot crypto ETFs as early as 2027, shifting digital assets from a payments framework to securities-grade regulation.
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• Japan's parliament passed amendments to the Financial Instruments and Exchange Act, reclassifying cryptocurrencies like Bitcoin as financial products alongside stocks and bonds.
• The law introduces insider trading bans, mandatory issuer disclosures, and increases the maximum prison term for unregistered crypto operators from 3 years to 10 years.
• Lawmakers also approved a plan to cut crypto tax rates from as high as 55% to a flat 20% by 2028.
• The legislation also paves the way for domestic spot crypto ETFs as early as 2027, shifting digital assets from a payments framework to securities-grade regulation.
$BTC
🇯🇵 Japan Inflation Expectations Rise; 40-Year Bond Yield Hits 3.815%
• 90.4% of Japanese households expect prices to be higher in one year vs 83.7% previously; average inflation expectation at 13.1%, median 10.0%.
• 86.1% expect prices to be higher in five years vs 82.6% previously; average inflation expectation at 10.8%, median 5.0%.
• Bank of Japan's June quarterly survey indicates households continue to expect elevated inflation over both the short and long term.
• Japan's 40-year government bond yield rose 6 bps to 3.815% after the survey.
• 90.4% of Japanese households expect prices to be higher in one year vs 83.7% previously; average inflation expectation at 13.1%, median 10.0%.
• 86.1% expect prices to be higher in five years vs 82.6% previously; average inflation expectation at 10.8%, median 5.0%.
• Bank of Japan's June quarterly survey indicates households continue to expect elevated inflation over both the short and long term.
• Japan's 40-year government bond yield rose 6 bps to 3.815% after the survey.
The U.S. International Trade Commission (ITC) has launched a Section 337 investigation into certain DRAM (dynamic random-access memory) devices and related downstream products and components.
The investigation, Case No. 337-TA-1511, was officially instituted on July 15. Named respondents include Samsung Electronics, Google, and NVIDIA.
The ITC will set a target completion date within 45 days of starting the investigation.
Any ITC remedial orders will take effect upon issuance and become final after 60 days, unless blocked by the U.S. Trade Representative on policy grounds.
The investigation, Case No. 337-TA-1511, was officially instituted on July 15. Named respondents include Samsung Electronics, Google, and NVIDIA.
The ITC will set a target completion date within 45 days of starting the investigation.
Any ITC remedial orders will take effect upon issuance and become final after 60 days, unless blocked by the U.S. Trade Representative on policy grounds.
🇰🇷 KOSPI Reclaims 7,000 as Foreign Buying Surges
KOSPI jumped over 8% intraday, reclaiming the 7,000 level as risk appetite returned.
Foreign investors bought KRW 2.4 trillion ($1.61 billion) in stocks by 2:30 p.m. local time, more than double Tuesday's ~KRW 1 trillion net buying.
Institutional investors were net buyers of KRW 180 billion, though at a slower pace than Tuesday.
Retail investors sold nearly KRW 2.5 trillion, making them the only net sellers, while foreign buying focused on semiconductor stocks.
KOSPI jumped over 8% intraday, reclaiming the 7,000 level as risk appetite returned.
Foreign investors bought KRW 2.4 trillion ($1.61 billion) in stocks by 2:30 p.m. local time, more than double Tuesday's ~KRW 1 trillion net buying.
Institutional investors were net buyers of KRW 180 billion, though at a slower pace than Tuesday.
Retail investors sold nearly KRW 2.5 trillion, making them the only net sellers, while foreign buying focused on semiconductor stocks.
🔴 Japanese retail investors' net short positions on the U.S. dollar jumped over 4x month-on-month to a record ¥2.79 trillion ($17.2 billion) in June, the highest since 2008.
Retail traders dominate Tokyo's spot FX market, meaning these large positions could weaken the impact of any Japanese government yen-support intervention.
If authorities intervene, retail traders may unwind dollar shorts by selling yen, potentially pushing USD/JPY higher instead of lower.
Analysts say importers waiting to buy dollars at cheaper levels could further reduce the Ministry of Finance's willingness or effectiveness to intervene.
Retail traders dominate Tokyo's spot FX market, meaning these large positions could weaken the impact of any Japanese government yen-support intervention.
If authorities intervene, retail traders may unwind dollar shorts by selling yen, potentially pushing USD/JPY higher instead of lower.
Analysts say importers waiting to buy dollars at cheaper levels could further reduce the Ministry of Finance's willingness or effectiveness to intervene.
🇰🇷 BREAKING: Korean retail investors rush into SK Hynix ADR debut on Nasdaq
Retail investors bought ~₩400 billion of SK Hynix ADRs on the first trading day.
Around 84,000 investors placed orders via nine major brokers; total buyers estimated at ~100,000.
Investors held 1.36 million ADRs (about 0.76% of the issuance), worth ~₩338.9 billion at the offer price.
In Korea, retail investors also net bought 788,510 SK Hynix shares (~₩1.7 trillion) on July 10.
Even after the stock fell 16.15% on July 13, retail investors kept buying, adding ~₩3.0 trillion more.
Retail investors bought ~₩400 billion of SK Hynix ADRs on the first trading day.
Around 84,000 investors placed orders via nine major brokers; total buyers estimated at ~100,000.
Investors held 1.36 million ADRs (about 0.76% of the issuance), worth ~₩338.9 billion at the offer price.
In Korea, retail investors also net bought 788,510 SK Hynix shares (~₩1.7 trillion) on July 10.
Even after the stock fell 16.15% on July 13, retail investors kept buying, adding ~₩3.0 trillion more.
Goldman Sachs says Brent crude could surge above $110 per barrel in Q4 2026 if Gulf exports recover slowly and production increases are delayed. However, if output rises faster than expected and high fuel prices continue to weaken demand, Brent could fall to around $60 per barrel by year-end.
🇺🇸 Trump-Backed Russia Sanctions Bill Targets China & India
Up to 100% tariffs on the top 5 buyers of Russian oil & gas, including China and India.
Bill aims to pressure Russia to end its 4-year Ukraine war; cites ~2 million military deaths and ~$200B in damage.
Trump said the bill may also add Iran and Hezbollah.
Exempts countries importing <15% of natural gas from Russia; also targets Russia's shadow fleet, sanctions evasion, and Chinese support for Russia's defense sector.
Up to 100% tariffs on the top 5 buyers of Russian oil & gas, including China and India.
Bill aims to pressure Russia to end its 4-year Ukraine war; cites ~2 million military deaths and ~$200B in damage.
Trump said the bill may also add Iran and Hezbollah.
Exempts countries importing <15% of natural gas from Russia; also targets Russia's shadow fleet, sanctions evasion, and Chinese support for Russia's defense sector.
🚨 BofA's latest Fund Manager Survey says global investors buying equities aggressively should cut exposure. Strategist Michael Hartnett notes asset allocators are extremely bullish.
Cash holdings dropped to 3.6% from 4.1% last month. US equity allocations hit their highest level since Dec 2024 with a 24% net overweight. BofA's bull-bear indicator stands at 9.4 out of 10.
The bank recommends trimming equities and high-beta positions. Crowded positioning may limit summer gains for risk assets.
Cash holdings dropped to 3.6% from 4.1% last month. US equity allocations hit their highest level since Dec 2024 with a 24% net overweight. BofA's bull-bear indicator stands at 9.4 out of 10.
The bank recommends trimming equities and high-beta positions. Crowded positioning may limit summer gains for risk assets.
🚨 Iran Says Strait of Hormuz to Remain Closed
Iran's SNN News Agency quoted a military spokesman saying the Strait of Hormuz will not be reopened due to "US aggression" and the war.
More than 80 million barrels of crude and oil products were exported in the 26 days after the Islamabad memorandum with the US, worth over $6 billion, according to Tanker Traders data cited by Mehr News.
Around 30 million barrels of crude remain queued for export and loading.
Iran also has about 60 million barrels of offshore floating storage capacity that could temporarily support supply if exports or production are restricted.
Iran's SNN News Agency quoted a military spokesman saying the Strait of Hormuz will not be reopened due to "US aggression" and the war.
More than 80 million barrels of crude and oil products were exported in the 26 days after the Islamabad memorandum with the US, worth over $6 billion, according to Tanker Traders data cited by Mehr News.
Around 30 million barrels of crude remain queued for export and loading.
Iran also has about 60 million barrels of offshore floating storage capacity that could temporarily support supply if exports or production are restricted.
Bitcoin isn’t truly anonymous, it’s a tool we use for intelligence gathering.” - CIA General Counsel
$BTC
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South Korea Sees Structural Shift in FX Market
South Korea's finance ministry said heavy forward dollar sales by major chipmakers and shipbuilders have improved foreign-exchange market conditions.
The ministry expects a structural shift in FX supply-demand during H2 2026, supported by a record trade surplus and strong economic fundamentals.
$SKHY $KORU
South Korea's finance ministry said heavy forward dollar sales by major chipmakers and shipbuilders have improved foreign-exchange market conditions.
The ministry expects a structural shift in FX supply-demand during H2 2026, supported by a record trade surplus and strong economic fundamentals.
$SKHY $KORU
🚨 Foreign Investors Extend South Korea Selling Streak to Fifth Month
Foreign investors remained net sellers of South Korean assets for a fifth straight month in June, according to Bank of Korea data.
Non-residents sold $30.72 billion of Korean stocks and bonds in June, up from $26.15 billion in May.
Foreign investors have been net sellers since February despite tech-led gains in Korean equities.
The BoK said concerns over AI infrastructure investment overheating and portfolio rebalancing after market gains accelerated foreign capital outflows.
$KORU
Foreign investors remained net sellers of South Korean assets for a fifth straight month in June, according to Bank of Korea data.
Non-residents sold $30.72 billion of Korean stocks and bonds in June, up from $26.15 billion in May.
Foreign investors have been net sellers since February despite tech-led gains in Korean equities.
The BoK said concerns over AI infrastructure investment overheating and portfolio rebalancing after market gains accelerated foreign capital outflows.
$KORU
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