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May 8th - According to the official website of the China Securities Regulatory Commission (CSRC), Kunlun Core (Beijing) Technology Co., Ltd. officially launched its IPO preparation on May 7th, 2026, with China International Capital Corporation Limited (CICC) serving as the IPO advisor.1. The three major U.S. stock indexes closed slightly lower. The Dow Jones Industrial Average fell 0.63% to 49,596.97 points, the S&P 500 fell 0.38% to 7,337.11 points, and the Nasdaq Composite fell 0.13% to 25,806.2 points. Caterpillar fell more than 3%, and JPMorgan Chase fell more than 2%, leading the decline in the Dow. The Wind U.S. Tech Big Seven Index rose 0.69%, Tesla rose more than 3%, and Nvidia rose more than 1%. The Nasdaq China Golden Dragon Index fell 1.4%, Tiger Brokers fell more than 7%, and Pony.ai fell more than 6%. The Nasdaq and S&P 500 indexes fell after hitting intraday highs. 2. The three major European stock indexes all closed lower. The German DAX fell 1.02% to 24,663.61 points, the French CAC40 fell 1.17% to 8,202.08 points, and the UK FTSE 100 fell 1.55% to 10,276.95 points. 3. Most major Asia-Pacific stock indices closed higher. The Nikkei 225 surged 5.58% to close at 62,833.84 points, while the Korea Composite Stock Price Index (KOSPI) rose 1.43% to 7,490.05 points, both hitting new record highs. South Koreas stock market capitalization surpassed Canadas, becoming the worlds seventh-largest stock market. Funds continued to favor AI-related stocks, with SoftBank Group surging over 18%, KaiXia rising 19%, SK Hynix gaining over 3%, and Samsung Electronics climbing 2%. Indias SENSEX 30 index fell 0.15% to 77,844.52 points. 4. The WTI crude oil futures contract closed up 2.71% at $97.66 per barrel; the Brent crude oil futures contract rose 2.07% to $103.37 per barrel. 5. International precious metals futures generally closed higher, with COMEX gold futures rising 0.04% to $4,696.00 per ounce and COMEX silver futures rising 2.09% to $78.92 per ounce. 6. Most London base metals fell. LME zinc rose 1.41% to $3,447.0/ton, LME lead was unchanged at $1,977.5/ton, LME tin fell 0.29% to $53,650.0/ton, LME nickel fell 0.44% to $19,115.0/ton, LME copper fell 0.51% to $13,323.5/ton, and LME aluminum fell 0.92% to $3,490.0/ton.South Koreas unadjusted current account balance for March was $37.33 billion, revised from $23.1927 billion in the previous month.Meta Platforms (META.O): Part 2 of Canadas Bill 22 could have a significant negative impact on Canadians privacy and cybersecurity.Meta Platforms (META.O): (Regarding Canadas C-22 bill) urged the government to amend the bill to remove the obligation for companies to add third-party monitoring tools to their systems.

US Restricts Exports To Russian and Belarusian Firms

Aria Thomas

Apr 02, 2022 09:17

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The Commerce Department said Friday's move intends to "degrade Russian and Belarusian military, aerospace, marine, and other vital sectors in reaction to Russia's savage attack on Ukraine's sovereignty."


The White House contended that the limits would help prevent equipment and software from reaching Russia's and Belarus' military sectors.


"These parties are effectively isolated from the inputs required to maintain Putin's war," Commerce Secretary Gina Raimondo said in a statement.


The regulations are based on a major extension of the so-called Foreign Direct Product Rule, which requires enterprises manufacturing high- and low-tech things abroad using American equipment to get a license from the US prior to exporting to Russia.


Additionally, the measures direct the Commerce Department to refuse virtually all of those licensing applications.


The Commerce Department added 260 organizations to the entity list as a result of Russia's invasion of Ukraine, which Russia describes as a "special operation."

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