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On Friday, August 7th, the Shanghai Gold Exchange's gold T+D contract fell 0.45% to 919.83 yuan/gram in early trading; the Shanghai Gold Exchange's silver T+D contract fell 1.12% to 14977.0 yuan/kilogram in early trading on the same day.

2026-08-07

On Friday, August 7th, the Shanghai Gold Exchange's gold T+D contract fell 0.45% to 919.83 yuan/gram in early trading; the Shanghai Gold Exchange's silver T+D contract fell 1.12% to 14977.0 yuan/kilogram in early trading on the same day.

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2026-08-07

CUSTOMS: China exported 4.653 mln tons of refined oil products in July, up from 4.361 mln tons in June.

CUSTOMS: China exported 4.653 mln tons of refined oil products in July, up from 4.361 mln tons in June.
2026-08-06

According to South Korean media reports, a growing number of South Korean retail investors are returning to the US stock market, even at the cost of forgoing tax breaks and incurring penalties. The South Korean government previously introduced Return

According to South Korean media reports, a growing number of South Korean retail investors are returning to the US stock market, even at the cost of forgoing tax breaks and incurring penalties. The South Korean government previously introduced Returning Investment Accounts (RIAs) to attract overseas stock investment funds back to the domestic market, but just four months after its launch, funds have already begun to flow out of these accounts. Data released by the Korea Financial Investment Association on June 6th shows that as of March 31st, the total balance of RIA accounts was 2.1214 trillion won. This balance exceeded 2.6 trillion won at the end of May, representing a decrease of approximately 500 billion won in two months. This is the first time since the system was implemented on March 23rd that the account balance has experienced a monthly net outflow. The RIA system stipulates that investors who sell overseas stocks can receive a tax exemption on capital gains from overseas stocks if they reinvest the funds in South Korean listed stocks or equity funds. However, to enjoy the tax benefits, investors must hold the investment funds for at least one year. Data shows that the South Korean KOSPI index plummeted by more than 20% in July, while the US Nasdaq index fell by only about 2% during the same period. Analysts believe that some investors are choosing to cancel their RIA accounts because they are worried about being locked into the South Korean market to save on capital gains tax and potentially facing asset devaluation, even if it means giving up tax benefits and incurring penalties.
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