... Export-oriented economies in Asia – especially high-tech sectors in Japan, South Korea, and Taiwan – are vulnerable to possible trade disputes escalations. Furthermore, in Japan, domestic politics is in focus over the weekend: elections for the upper house of parliament are taking place on July 27. There is a risk that the ruling coalition may lose its stable majority, adding uncertainty. However, many investors believe that the election outcome will not lead to a dramatic shift in economic policy....

... utilize their equipment and energy contracts in new segments. Essentially, large Bitcoin miners possess what is highly valuable for the AI industry – access to cheap electricity, ready infrastructure for cooling, and large data center management. By housing AI servers, they secure a diversified revenue source with more predictable contracts. Investors have already recognized this strategy: earlier in 2024, the stocks of miners announcing the launch of HPC initiatives frequently outperformed purely ...

... regulator (including the Ripple case against the SEC), the rhetoric of the U.S. Securities and Exchange Commission (SEC) has notably softened, and the agency has approved several initiatives that provide the market with more certainty. In July, the House of Representatives also passed a comprehensive bill establishing clear rules for crypto exchanges and the circulation of digital assets — this is an important step towards integrating the crypto market into the legal framework. Additionally, new ...

... concrete actions. The SEC, under the new administration, has withdrawn several lawsuits against major crypto exchanges initiated by the previous leadership, eliminating significant uncertainty for the market. Additionally, at the end of July, the White House published the first strategy on digital assets — a report from the presidential working group explicitly urged financial authorities to accelerate the integration of cryptocurrencies into the national system. These events have served as powerful ...

... receiving support from falling US bond yields. The Bank of Japan maintained its ultra-loose monetary policy at its late July meeting, leaving the key rate negative and only slightly adjusting bond yield control parameters. Prior to the July 27 upper house elections, uncertainty somewhat restrained the market; however, the ruling coalition managed to retain a majority, which participants viewed positively—the course for stimulating the economy will continue. Indian stock indices continue to reach ...