South Korea's KOSPI stock market trading has been halted for 20 minutes after crashing -8%.
Over ₩488,000,000,000,000 ($328 BILLION) has been wiped out from South Korean stocks today. Source: Bull Theory
Update (7/12 PM): The tape keeps thinning
7 commercial crossings in the last 24h (5 E→W / 2 W→E), down from 11 yesterday and barely ~6% of the Jan–Feb run-rate. Brent's grinding higher, ~$78.79 and climbing as the closure prices in. Flow down, crude up Source: @TheTerminal Michael McDonough
Amid the sharp military escalation, odds of a full Iran blockade by July 13 jumped 50% since the last update 4 days ago
Source: zerohedge, Polymarket
China's gold purchases are ACCELERATING:
China's central bank acquired +15 tonnes of gold in June, the largest monthly purchase in at least 2.5 years. This also marks the 20th consecutive monthly addition. Year-to-date, the country has increased its gold reserves by a total of +40 tonnes. This lifts China's total gold reserves to a record 2,346 tonnes, or 9% of its total FX reserves, near an all-time high. China is extremely bullish on gold. Source: Global Markets Investor
France generates 67% of its electricity from nuclear power, the highest share of any major economy.
Extreme heat just forced 3 reactors offline and cut output at 8 more. That gap gets filled by gas. Right when European gas markets are already stretched. Source: Jack Prandelli on X
Argentina
Argentina's Peso has fallen to an all-time low against the U.S. Dollar and has now collapsed 99.8% since 2009 Source: Barchart
VAR intervention rate per 100 fools
Source: The Footy Feed
The Yen has weakened to above ¥162 to the dollar (Tradingview chart below) following a media report that local pension funds will not be pressured to purchase more domestic securities.
This is adding upward pressure on yields. Source: TradingView
