TRUMP said fake news has treated him fairly well recently and that when we are performing as well as we are now, they have to be more polite.

达飞集团（CMA CGM）同意以14亿美元企业价值收购联邦快递(FDX.N)旗下供应链业务。

Winners: South Korea’s KOSPI doubled in 1H (+100%), driven by AI flows and historic rallies in Samsung Electronics and SK Hynix. Taiwan’s weighted index rose ~60%, led by TSMC (+>55% over six months). Japan’s Nikkei climbed ~40%, powered by tech gains and a sharp yen depreciation that boosted exporter appeal to foreign buyers. Spot crude remained a top performer despite a pullback: WTI +~20% YTD, Brent +~20% YTD. US major indices posted solid gains: Nasdaq ~+13%, S&P 500 +9.5% 1H. The dollar index recovered from a low of 95.5 to close H1 above 101, up ~3% YTD. AUD/USD gained ~3.7% on Reserve Bank of Australia hikes and higher energy prices. Copper benefited from “compute metal” demand: LME 3M copper +7%, hitting a record ~$14,527/ton. Losers: Precious metals underperformed—spot gold -~7% YTD and more than $1,500 below its intra-year peak; spot silver -~18%; platinum -~24%; palladium -~25%. Yen weakness: USD/JPY +3.8% 1H, yen at a 40-year low and USD/JPY roughly +10% since last October’s change in Japanese leadership. Indonesia: Jakarta Composite Index down ~34% 1H amid severe political turmoil; rupiah was the weakest Asian currency YTD.