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Saudi media reported Saudi Arabia and Oman stressed the importance of freedom of navigation.

2026-07-08

Saudi media reported Saudi Arabia and Oman stressed the importance of freedom of navigation.

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2026-07-08

Trump's hawkish remarks drove an intraday crude rally, prompting markets to price renewed "second‑round" inflation risk and cooling Fed rate‑cut expectations. US Treasury yields and the dollar rose, raising the holding cost of non-yielding assets and

Trump's hawkish remarks drove an intraday crude rally, prompting markets to price renewed "second‑round" inflation risk and cooling Fed rate‑cut expectations. US Treasury yields and the dollar rose, raising the holding cost of non-yielding assets and triggering concentrated selling in gold and silver. The move looked liquidity‑driven: long gold positions were highly concentrated after bets that geopolitical risk would sustain prices, and simultaneously selloffs in tech and semiconductors forced cross‑asset funds under margin pressure to liquidate the most liquid, previously profitable holdings first—gold and silver. Pressure on high‑valuation tech (Samsung Electronics, NVIDIA) and a sharp intraday plunge in Korea 3x leveraged ETF KORU signaled broad risk‑exposure reduction. Breaches of key technical levels then triggered quant and trend funds' chain selling, amplifying volatility. Core takeaway: not a collapse in safe‑haven demand, but a de‑leveraging episode in which rising rate and expectations liquidity temporarily stress overrode traditional safe‑haven dynamics.
2026-07-08

Consumer 3D-printing firm Snapmaker has completed a new 1.0 bln yuan financing round led by Cathay Capital. TAL Education’s strategic investment arm co-invested, and existing shareholders—including Meituan’s strategic investment arm, Meituan Longzhu,

Consumer 3D-printing firm Snapmaker has completed a new 1.0 bln yuan financing round led by Cathay Capital. TAL Education’s strategic investment arm co-invested, and existing shareholders—including Meituan’s strategic investment arm, Meituan Longzhu, Hillhouse Ventures and Shunwei Capital—substantially oversubscribed. Gaohu Capital acted as sole financial adviser. The transaction is among the largest single rounds in the consumer hardware sector since 2025 and the largest primary-market financing in consumer-grade 3D printing in the past two years.
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