Chinese Banks Sell USDCNY

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🇨🇳 🇨🇳 Further reports of Chinese state banks FX intervention to support yuan, selling USD/CNY
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India’s Coromandel Trades At Record

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🇮🇳 🇮🇳 India’s Coromandel International Trades At Record High. Coromandel International holds the top position as the single largest player in the phosphatic fertiliser industry in India, benefiting from its leading position in Andhra Pradesh and Telangana, which are India’s largest complex-fertiliser markets
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India Stock Value Tops $4 Trillion

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🇮🇳 🇮🇳 BREAKING: India Stock Value Tops $4 Trillion: India’s stock market value reached more than $4 trillion Tuesday for the first time, marking a key milestone for the world’s fifth-biggest equity market as it rapidly narrows the gap with slumping Hong Kong
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China Fixes Yuan Higher

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🇨🇳 🇨🇳 China ramped up its support for the yuan via the daily reference rate, as market sentiment took a hit after Moody’s Investors Service cut its credit outlook for the nation
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Goldman’s Panic Index Is Near Zero

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🚨 🚨 Goldman Sachs proprietary “Panic Index” is near 0 (no one is a bear)
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JPY: Carry On Shorting

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🇯🇵 🇯🇵 BREAKING—JPY: Carry On Shorting: BOJ dep gov Himino says will maintain easy policy until sustained stable 2% CPI achieved
Note: Hedge funds boosted bearish yen wagers to the highest level since April 2022 last week* as speculation increased that the Bank of Japan is unlikely to turn hawkish
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Apple Is Now Worth $3 Trillion

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🚨 🚨 Apple: Never Say Never: Apple’s market cap closed at about $3 trillion after its shares climbed 2% Tuesday. The milestone is a sign of Apple’s durability even as the company reduces its total share count through buybacks
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