πŸ“Š Market Overview

  • Gold (XAUUSD): $4,327.37/oz ↓ -0.32% (intraday high 4,352.33, low 4,313.49)
  • WTI Crude Oil (USOIL): $77.931/bbl ↓ -2.07% (intraday high 78.557, low 77.358)

πŸ”₯ Key News This Hour

1. Berkshire Hathaway Ends 14 Quarters of Net Selling, Net Buys ~$20B in Stocks

Berkshire Hathaway’s Q2 earnings reveal the company ended 14 consecutive quarters of net stock selling, turning to net purchases of nearly $20 billion. This marks Abel’s first major capital action since taking over, sending a clear bullish signal.

2. SK Hynix Invests $38.4B in Korean Wafer Fabs for AI Demand

SK Hynix announced a $38.4 billion investment to build wafer fabs in Korea to meet growing AI-era memory chip demand. Combined with a major cloud provider’s GPU pricing stable for 11 consecutive days with A100/A10 fully sold out, AI computing demand remains robust.

3. ADNOC Gas Division Invests $8B+ to Expand Production

ADNOC’s gas division announced investments exceeding $8 billion to expand production capacity, advancing Phase 2 and 3 of rich gas development. Increased UAE oil production has strengthened supply confidence.

4. A-Share Midday: ChiNext Falls Over 2%, Banking & Coal Counter-Trend

A-share indices diverged in morning trade: Shanghai Composite up 0.2%, Shenzhen Component down 1.13%, ChiNext down 2.18%. Banking, refining, and coal sectors rose broadly; semiconductors were mixed; telecom equipment sold off sharply. In futures, soda ash rose over 3%, silver over 2%; container shipping and polysilicon fell over 2%.

5. Gaza Deal Progress: US-Led Department Continues Preparations Despite Netanyahu Opposition

According to Israeli media, despite Netanyahu’s opposition to the 15-point plan, the US-led department continues advancing the next phase of the Gaza agreement. Construction of the first multinational force base in Rafah is expected to begin August 30.

6. Japan’s June Current Account Unexpectedly Turns Negative

Japan’s unadjusted current account recorded a deficit of Β₯-92.3 billion vs. surplus expectations of Β₯1,512 billion and prior surplus of Β₯3,968.3 billion. June trade balance showed a deficit of Β₯135.2 billion.

🧭 Assessment

Gold pulled back from the intraday high of 4,352 to around 4,327 with evident profit-taking, but support at 4,313 has not been broken, maintaining the bullish structure.

Crude oil’s decline widened to 2%; ADNOC’s expansion news exacerbated loose supply expectations, while Middle East geopolitical uncertainty persists. Oil prices may remain weak and range-bound in the short term.

Berkshire’s shift from net selling to large-scale buying is a landmark move in the Abel era, suggesting major institutional capital finds current US equity valuations attractive.

On the AI computing chain, GPU pricing remains unchanged with premium models sold out, and SK Hynix’s $38.4B expansion confirms sustained industry prosperity.

For A-shares, ChiNext corrected sharply due to delisting rule consultations, with high-premium LOF funds hitting limit-down. Small-cap style faces short-term pressure.

Japan’s current account unexpectedly turned negative, raising risks of yen weakness. Watch for potential impact on global carry-trade fund flows.

⏰ Upcoming Key Data

  • Today 16:30 β€” πŸ‡ͺπŸ‡Ί Eurozone August Sentix Investor Confidence (expected -0.5)
  • Today 22:00 β€” πŸ‡ΊπŸ‡Έ US July Conference Board Employment Trends Index (prior 106.69)
  • Today 23:30 β€” πŸ‡ΊπŸ‡Έ US 3-month/6-month Treasury auction
  • Tomorrow 12:30 β€” πŸ‡¦πŸ‡Ί RBA Rate Decision (expected 4.35%, unchanged)
  • Tomorrow 18:00 β€” πŸ‡ΊπŸ‡Έ US July NFIB Small Business Optimism Index (prior 97.4)
  • Tomorrow 22:00 β€” πŸ‡ΊπŸ‡Έ US July Existing Home Sales (expected 4.04M annualized)