WS #7395
No material new developments in the last 30 minutes. The dominant narrative remains unchanged: tech-led selloff amid rising yields, with counter-signals from options flow and China tech diplomacy persisting but without fresh data points.
Key developments
- Trump-Xi Summit: Nvidia H200 chip exports to China remain 'sovereign decision'; AI guardrails discussed but no breakthrough
- Ukraine strikes Ryazan oil refinery and hits warships at Kaspiysk base
- UK gilt yields surge to 2008 highs as Starmer leadership crisis deepens
- Large bullish SPX options flow and IWM dark pool buying signal institutional upside positioning
- India and UAE to build strategic crude and gas stockpiles