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At the 23:00 close, China's most-active futures contracts were mixed. Pulp rose over 2%; coking coal, benzene and coke fell more than 2%.

2026-07-09

At the 23:00 close, China's most-active futures contracts were mixed. Pulp rose over 2%; coking coal, benzene and coke fell more than 2%.

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2026-07-09

Fed's WILLIAMS said ample reserves are a condition of the money market, not a specific numeric level.

Fed's WILLIAMS said ample reserves are a condition of the money market, not a specific numeric level.
2026-07-09

US and South Korean memory and chipmaker stocks, long outperformers, have sharply reversed; many major names are in bear market, down over 20% from recent highs as of Wednesday close. Reasons: Samsung reported record profit and stronger guidance but

US and South Korean memory and chipmaker stocks, long outperformers, have sharply reversed; many major names are in bear market, down over 20% from recent highs as of Wednesday close. Reasons: Samsung reported record profit and stronger guidance but shares were sold off as investors fretted that AI infrastructure spending may be excessive. Geopolitical risk rise after Trump suspended a US‑Iran memorandum, adding anxiety around AI trades; if conflict persists and inflation worries return, AI‑exposed stocks could see further downside. Sector rotation also pressures the group: with hyperscalers’ returns lagging chipmakers, strategists including Morgan Stanley CIO Mike Wilson had forecast a chip pullback and now expect funds to flow back into hyperscalers, which look relatively cheap as chip stocks near prior highs.
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