Joe

Retweeting useful developments for own reference / Tweet my thoughts occasionally - for personal journal reference / Not financial advice

[PiQ @PiQMarkets]

CATL mine permit restarts production after year-long suspension

Chinese battery giant CATL has obtained a safety production permit for its Jianxiawo lithium mine, allowing it to restart operations after a nearly year-long suspension. The permit, secured on June 29, is effective until February 2028. The mine's closure had previously impacted lithium prices and sparked concerns about supply. https://t.co/xU11ZyEZbw

[FinancialJuice @financialjuice]

Maersk: AE15 Gemini service to sail via the Trans-Suez route. The decision marks a step toward a gradual return to the Trans-Suez

[First Squawk @FirstSquawk]

MAERSK SHARES EXTEND LOSSES, NOW DOWN 8% AND SET FOR WORST DAY SINCE MAY

[PiQ @PiQMarkets]

Japan panel member urges moderate BOJ rate hikes to curb yen weakness

A member of a Japanese government panel, Toshihiro Nagahama, stated that the Bank of Japan should continue raising interest rates moderately to address excessive yen depreciation. He suggested two more rate hikes at six-month intervals, aiming for a neutral rate around 1.5%. https://t.co/KjyFUpK27H

[zerohedge @zerohedge]

META will be the first to cut capex

[MrTopStep @MrTopStep]

MOC

NYSE buy $845 mil
S&P sell 10.9 bil
Nasdaq sell $9.5 bil

[The Kobeissi Letter @KobeissiLetter]

BREAKING: South Korea’s stock market has been halted limit down after falling over -8%.

[Elon Musk @elonmusk]

Tim Cook, who told The Wall Street Journal that the jump in costs was unlike anything he had seen “in any area in over 40 years.”

Biggest price jump in anything I’ve ever seen too. https://t.co/aypJGgssnN

[First Squawk @FirstSquawk]

SPACEX CREDIT DERIVATIVES BEGIN TRADING FOLLOWING THE COMPANY'S INITIAL BOND SALE.

[zerohedge @zerohedge]

Apple's price increases:
MacBook Air rose $200 to $1,299
Base MacBook Pro increased $300 to $1,999
Entry-level MacBook Neo increased $100 to $699
iPad Air increased $150 to $749
iPad Pro increased $200 to $1,199
iPhone prices unchanged for now, though the company hinted at more increases in a statement.

[FinancialJuice @financialjuice]

Apple: Never seen a component price increase this much and quickly. $AAPL

[MacroGuru @macroguru9]

2008 all over again?
h/t @Geestefan

[Sam Parikh @smartertrader]

8 minutes ago

Ana: APPLE SAYS AI DATA CENTER BOOM HAS CAUSED UNPRECEDENTED DEMAND FOR MEMORY AND STORAGE, FORCING PRICE INCREASES - STATEMENT

booom more memory news

[TechLead @techleadhd]

Why I Sold All My Bitcoin... it's over.

(Full video below)

[First Squawk @FirstSquawk]

ANTHROPIC ACCUSED ALIBABA OF UNAUTHORIZED ACCESS TO ITS AI MODELS, OUTLINING ITS ALLEGATIONS IN LETTERS SENT TO U.S. SENATORS AND THE WHITE HOUSE AMID GROWING U.S.-CHINA TENSIONS OVER ARTIFICIAL INTELLIGENCE.

THE CLAIMS WERE COMMUNICATED DIRECTLY TO U.S. OFFICIALS, WHILE ALIBABA DECLINED TO COMMENT ON THE ALLEGATIONS, POTENTIALLY RAISING FURTHER SCRUTINY OF CROSS-BORDER AI COMPETITION AND TECHNOLOGY SECURITY.

[Reuters @Reuters]

South Korea's SK Hynix says to raise $29 bln in ADR listing https://t.co/yhCEfF830q https://t.co/yhCEfF830q

[MacroGuru @macroguru9]

Leveraged Korea ETFs Sold Estimated $6 Billion of Shares in Rout - Bbg

Leveraged exchange-traded funds tracking Samsung Electronics Co. or SK Hynix Inc. were likely forced to sell a combined $6 billion of the Korean chipmakers’ shares Tuesday to maintain leverage ratios, underscoring how such products can amplify market moves, according to Bloomberg Intelligence.

Selling by these single‑stock ETFs, designed to provide twice the daily returns of the chipmaker they track, likely accounted for about 14% of turnover in Samsung and SK Hynix on Tuesday, Bloomberg-compiled data show.

The rebalancing mechanics of these leveraged products have drawn intense scrutiny, given their ballooning size and role in volatility in the South Korean stock market, the global front line of this year’s AI trade. Because these funds must rebalance daily to maintain fixed leverage ratios, they are mechanically forced to buy into market rallies and sell into declines.

Sharp swings were on full display Tuesday when SK Hynix and Samsung each fell around 13%, taking the benchmark Kospi index to its worst selloff since the start of the Iran War. Together, the two companies now make up over 55% of the index.

“Yesterday wasn’t a redemption story,” said Rebecca Sin, an ETF analyst at Bloomberg Intelligence. “The selling pressure came from the mechanical rebalancing needed for these products to reset their daily 2x exposure, amplifying a move in stocks that are already half the index.”

[Investing.com News @newsinvesting]

Meta $META plans to build prediction markets app called Arena - NYT

https://t.co/gmK00lTVCg

[Bull Theory @BullTheoryio]

🚨 SOUTH KOREA JUST PROPOSED TAXING UNREALIZED GAINS.

And this is one of the major reasons behind today's massive selloff in the Korean market, now being called BLACK TUESDAY in Korea.

At a forum hosted by South Korea's ruling Democratic Party, lawmakers called for comprehensive taxation that would treat unrealized gains on stocks and real estate as taxable income, even before the asset is ever sold.

The ruling party has pushed escalating wealth tax measures throughout 2026, including a February forum proposing to lower the real estate capital gains exemption threshold from 1.2 billion won to 800 million won, and an April push to abolish the long term holding tax deduction entirely.

Today is the first time this campaign has explicitly extended to taxing unrealized stock gains.

Under current law, investors are taxed only when they sell a stock and realize a profit.

Under this proposal, investors could owe tax on paper gains they have not sold or collected, simply for holding a stock that went up in value.

The Netherlands tried almost this exact policy four months ago.

On February 12, 2026, Dutch lawmakers passed a law taxing unrealized gains on stocks, bonds, and crypto at a flat 36% every year, whether or not anything was sold.

The backlash was immediate. A petition against it gathered more than 61,000 signatures, and Shopify CEO Tobi Lutke called it "the dumbest thing any government on planet earth is pursuing right now."

Just 13 days after the bill passed, the Dutch finance minister announced the government would scrap the unrealized gains portion entirely, admitting the law "cannot pass as is."

This lands directly on a South Korean market that just ran up nearly 95% over the past year, built largely on heavy retail buying with borrowed money.

A tax on gains that exist only on paper is a direct threat to the exact rally that created that exposure in the first place.

[zerohedge @zerohedge]

JPM: "this sell-off may reflect anxiety into MU’s print on Weds as well as the levered ETF mkt structure"