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Real-time News
August 3 - The Peruvian National Institute of Geophysics reported that a 5.7-magnitude earthquake struck 53 kilometers northeast of Ocaiacu, Leoncio-Oprado Province, Huanuco Region, at 8:42 p.m. local time on August 2. The earthquake had a depth of 152 kilometers, and there are currently no reports of casualties or damage.August 3rd - Driven by major customers such as Nvidia, AMD, and Broadcom actively securing production capacity, TSMCs 3nm process target of 180,000 wafers per month, originally scheduled for the end of the year, is expected to be achieved ahead of schedule in early Q4. Meanwhile, orders for the 2nm process are also rapidly increasing, with monthly wafer shipments expected to approach 100,000 wafers by the end of the year as planned.On August 3, it was reported that South Korean financial regulators are pushing for the introduction of an "emergency action authority," allowing them to rapidly reduce the leverage ratio of single-stock leveraged products in emergency situations. Previously, these products were considered a major factor contributing to sharp market fluctuations. Regulators are also studying other restrictive measures, including setting a cap on leveraged investment amounts and further increasing basic margin requirements. According to Yonhap News Agency, the Financial Services Commission (FSC) will jointly draft amendments to the Financial Investment Industry and Capital Markets Act with the Financial Supervisory Service (FSS) to establish a legal basis for taking market stabilization measures in emergency situations. The core of this adjustment is allowing financial regulators to temporarily adjust the leverage ratio of single-stock leveraged ETFs. Currently, single-stock leveraged products in South Korea aim to track a 2x return. With the emergency action authorization, the leverage ratio will be reduced to 1.5x or 1x if it is deemed necessary to protect investors.On August 3, the Supreme Peoples Court released five typical cases on regulating platform operations and protecting consumers legitimate rights and interests. The platform economy is an important component of the digital economy and a crucial vehicle for developing new productive forces. In recent years, new business models such as live-streaming e-commerce, short video operations, and platform agency operations have developed rapidly, demonstrating their prowess in key areas. However, prominent problems have also emerged, including blurred boundaries of rights and responsibilities among entities, insufficient adaptation of competition rules, unclear guidelines for legal operation, and a lack of protection for virtual property. These issues not only harm consumers legitimate rights and interests but also disrupt market economic order. The five cases released this time cover multiple scenarios, including live-streaming e-commerce, legal platform operation, maintenance of market competition order, and virtual property transactions. They collectively demonstrate the peoples courts clear stance on regulating platform operations and protecting consumers legitimate rights and interests, providing clear guidance for various market entities to clarify behavioral rules and stabilize business expectations.On August 3, the State Administration for Market Regulation (SAMR) held a meeting in Beijing on July 28 to advance the special campaign to thoroughly implement the fair competition review system. The meeting heard reports on the progress of relevant local work, summarized the achievements of the phased work, and deployed key tasks for the next stage. The meeting emphasized the need to continuously strengthen efforts in areas such as strictly regulating reviews, enhancing supervision and safeguards, improving review capabilities, and strengthening publicity and advocacy to further promote the in-depth implementation of the fair competition review system and ensure that "all reviews that should be conducted are conducted" and "all reviews are rigorous." The meeting also stressed the importance of conducting focused spot checks on regions with a high number of unfair competition issues and areas where enterprises have strongly complained about improper interference in market competition. It called for the coordinated use of regulatory tools such as spot checks, interviews, notifications, and case filing to tighten and solidify review responsibilities and effectively strengthen the rigid constraints of fair competition review.
