🔍 Core Insights

• 📊 Market Overview

• U.S. July PPI eased to 4.7% YoY, the lowest since March. Combined with falling oil prices, this further reduced concerns over Fed rate hikes and supported a recovery in risk appetite, pushing U.S. equities broadly higher. The S&P 500 gained 0.65% to a new all-time high. Most major technology stocks advanced, with Tesla rising more than 3.5%; the memory sector rebounded strongly, with SanDisk up more than 13%, while Western Digital and SK hynix gained more than 7%. Cooling rate expectations pushed the 2-year Treasury yield down 4.82 bps, while spot gold fell 1.34%. In crypto markets, BTC…