Shein IPO Flops As Fast-Fashion Empire Sees Growth Slowdown

Korea Barbeque'd: Kospi Crashes As Chip Stocks Tank, AI Token Index Spirals Lower South Korean stocks plunged on Tuesday as concerns over circular AI financing and China's expanding DUV lithography capabilities (read here) were top of mind among investors. Adding to the pressure, chipmakers may not have found a floor just yet because Silicon Data's LLM Token Expenditure Index continues to slide, suggesting that companies are shifting toward cheaper models, particularly open-source alternatives from China. Top Overnight News The Kospi index follows a weak US session lower, falling as much as 10.7%...

Trump Drops Map Of Hormuz As "New US Territory" Amid No Talks, Declares Strait "Open & Operating"; Crude Slides Summary No talks: Trump confirms US-Iran negotiations are off. Hormuz attack: Tanker hit, injuring a crew member. Houthis escalate: Attacks shut Yemen’s Mokha port. Diplomacy stalled: Qatar says not mediating until Oman-Hormuz deal finalized. Iran hardens: Tehran says it maintains an offensive posture. Strait of Hormuz traffic returns to normal by September 30? Yes 9% · No 92%View full market & trade on Polymarket *  *  * Trump Confirms 'No Talks' - Says Hormuz 'Open & Operating'; Oil Slides President...

Stock Futures Flat As S&P Closes Out Best Quarter In 6 Years US index futures erased an earlier gain following some belligerent Iran headlines, but are still set to end a quarter that is set to be the S&P 500’s best in six years with markets behaving as though period-end dynamics have now completed. As of 8:30am, the S&P 500 was flat, pointing to a calm finish for the index that has surged 14% since the beginning of April. Nasdaq futures rose 0.1% erasing a sizable gain earlier, but on pace...