Chinese Ministry of Commerce: China and the United States are soliciting opinions on tax reduction arrangements and plan to push for implementation as soon as possible

On July 23rd, SK Hynix ADR rose over 5% in pre-market trading in the US stock market, reaching $173.75. The South Korean securities regulatory agency stated that SK Hynix has set the upper limit of the proportion of Korean stocks converted into ADRs at 2.5% of the total share capital. The CEO of a Korean securities depositary institution stated that the $26.5 billion ADR issued by SK Hynix on July 10th has exhausted its issuance limit, and investors are unable to convert Seoul listed stocks into ADRs.

According to Golden Jubilee Data, analyst Francesco Pesole from Dutch International Group stated that even if the European Central Bank hints at a rate hike in September, it will be difficult to prevent the euro from falling in the coming days. Due to the insufficient response of the foreign exchange market to the risk of the Middle East conflict, Dutch International Group holds a bearish view on the euro in the near future, and expects the euro to fall to around $1.1380 in the coming days.

Due to rising oil prices and inflation concerns, the market has raised expectations for the Bank of England to raise interest rates in 2026. The conflict in the Middle East has intensified, and investors expect high inflation. The Bank of England has raised interest rates to cope with inflationary pressures. The market expects the Bank of England to raise interest rates by 25 basis points in November, with a 93% chance of a rate hike in December. Last week, the market expected the Bank of England to raise interest rates by a total of 38 basis points in 2026.

The spot gold price fell below $4090 per ounce, with a intraday decline of 1.05%.

BitMEX will officially close on September 23rd, and new account registrations will be suspended from today onwards. BitMEX will implement risk limits starting from August 26th, and users can only reduce their positions. BitMEX will force the liquidation of existing open positions. The board of directors of HDR Global Trading Limited has decided to close the exchange.