U.S. stocks plunge unexpectedly; high-leverage ETFs, AI uncertainty, and crypto liquidations cited as triggers

AiCoin2026/06/25 15:31

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The Nasdaq 100 index fell 1,000 points in 27 minutes, and the S&P 500 wiped out $1 trillion in market value, reversing from a 1% gain at the open to a 3% decline. US PCE inflation rose to 4.1%. Apple announced price increases of up to 25% for Mac and iPad due to soaring AI chip costs; Apple shares fell nearly 6%, erasing $220 billion in market value. The Kobeissi Letter believes that widespread high-leverage ETFs, AI uncertainty, and massive cryptocurrency liquidations are the main drivers of increased volatility, and expects market volatility to continue.

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Indonesia’s Ministry of Energy has announced that the benchmark price for coal with a calorific value of 4100 kilocalories has been set at $65.81 per ton for the second half of August. This pricing will serve as an important reference for trading activities involving coal of related calorific values during this period, helping market participants clarify the price benchmark and ensure smooth progress in related trade operations.

智通财经•2026/08/15 14:11