News related to
prices

President Donald Trump has ordered a new layer of trade protection for the US solar supply chain, imposing tariffs and minimum import prices designed to favour domestic manufacturing while raising the prospect of higher costs for developers and households adopting solar power. The measures place a 15% tariff on imported polysilicon and products derived from it, alongside minimum prices covering key stages of crystalline-silicon solar manufacturing. The […]

Google Maps is moving beyond navigation and discovery with new Gemini-powered features that can prepare food orders, search for hotels and events, and tailor recommendations using information from a user’s connected Google services. The expansion gives Ask Maps, Google’s conversational artificial intelligence interface, more agent-like capabilities. Instead of merely suggesting restaurants, the service can now interpret a detailed request, locate a suitable business along a route and […]

Wintermute has secured US broker-dealer registration, opening the door for the digital-asset market maker to trade equities and equity options and take a bigger role in exchange-traded products as the boundaries between crypto and conventional securities markets narrow. The expansion is being carried out through Wintermute USA LLC, its New York-based affiliate, which is registered with the Securities and Exchange Commission and is a member of the […]

Arabian Post Staff -Dubai Gold prices strengthened on Friday, putting the precious metal on course for its biggest weekly gain since January as easing energy costs reduced inflation concerns and investors awaited US employment data that could reshape expectations for Federal Reserve policy. Spot gold rose 0.6% to about $4,262 an ounce during Asian trading, after touching its highest level in seven weeks. Prices have gained more […]

Sandisk and Western Digital shares have slumped despite stronger-than-expected quarterly results, showing that investors are demanding ever more from companies whose valuations have soared on the artificial intelligence boom. The sell-off has also revived speculation that some speculative capital could be shifting towards cryptocurrency, although evidence of a sustained rotation into bitcoin remains limited. Sandisk fell more than 13% during Thursday trading, while Western Digital dropped about […]

A tentative deal between Iran and Oman on shipping through the Strait of Hormuz is being treated in some quarters as the moment the year’s biggest energy risk finally eases. I believe that investors would be wise to treat it with considerably more caution than that. The scale of what is at stake in this waterway is hard to overstate. In a normal year, roughly 20 million […]

Bitcoin miners are facing an intensifying profitability crisis as the average cost of producing one coin approaches $78,000, leaving about one-fifth of the global mining fleet operating at a loss. Bitcoin was trading near $64,500 on Thursday, roughly 17% below the estimated industry-wide production cost. The gap has persisted for several months, forcing operators to shut down older machines, sell cryptocurrency reserves and redirect capital towards artificial […]

Advertisements

By Dr. Gyan Pathak When the textile landscape of the country and the world is changing fast, it would not be enough for India to only celebrate National Handloom Day every year on August 7. The country will have to do much more than celebrating the day by releasing commemorative document and press releases giving […]

The article Celebrating National Handloom Day On August 7 Sans Proper Action appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

Moonlighter is available free to keep on Steam until 9 August, giving players permanent access to the shopkeeping dungeon crawler once it has been added to their accounts. The limited-time offer marks a 100% reduction on the action role-playing game, which normally sells as a paid title. Players need only sign into Steam, visit the Moonlighter store page and select “Add to Account” before the promotion expires. […]

Tether’s gold-backed digital asset XAU₮ has received Shariah compliance certification, widening its potential use among Islamic banks, institutional investors and individuals seeking digitally accessible exposure to physical bullion. The certification was issued by Amanah Advisors, an Islamic finance consultancy led by scholar Mufti Faraz Adam. It found that the token’s structure complies with core Islamic finance principles, including real ownership of an underlying asset, transparent backing and […]

SK Hynix shares briefly plunged by the daily limit in pre-market trading on Thursday, marking the chipmaker’s second near-30% flash crash on Nextrade within about ten days and intensifying scrutiny of thin liquidity on South Korea’s alternative stock exchange.

Eleven shares changed hands at 1.168 million won each at 8 am Seoul time on August 6, about 30% below the previous Korea Exchange closing price. The stock quickly recovered most of the loss and ended Nextrade’s 50-minute pre-market session down roughly 2%, indicating that the extreme opening price was not driven by a change in the company’s business outlook.

The episode echoed a July 28 disruption when a single SK Hynix share traded at 1.272 million won, nearly 30% below the preceding close. That transaction triggered a volatility interruption on Nextrade and transmitted the distorted price into cryptocurrency derivatives linked to the chipmaker.

A perpetual futures contract tracking SK Hynix fell about 19% during the first event. Almost $60 million of leveraged long positions were liquidated within minutes, leaving more than 900 traders with estimated realised losses of $17.4 million. The platform operating the contract later offered to compensate eligible customers and said it would reassess the way external prices were incorporated into its valuation mechanism.

Thursday’s plunge again occurred at the start of Nextrade’s pre-market window, when order books are typically shallower than during the main session. The exchange allows stocks to move as much as 30% above or below the previous Korea Exchange closing price, meaning a small order can reach the limit when few competing bids are available.

The trade underscored the distinction between a price that is technically valid and one that accurately reflects the market’s consensus. Electronic systems can treat an executed transaction as authoritative even when only a handful of shares are involved. Prices may then spread through data feeds, trading algorithms, structured products and blockchain-based markets before human dealers can assess whether the move is credible.

Nextrade launched in March 2025 as the first serious challenger to the Korea Exchange’s long-standing dominance. It attracted investors with lower fees and trading hours stretching from 8 am to 8 pm, compared with the shorter core session on the main exchange. Retail traders account for most activity on the platform, which has at times handled a substantial share of the country’s equity turnover.

Its expanded trading day has improved access and competition, but the two SK Hynix incidents highlight risks when extended hours are combined with fragmented liquidity. Order books can be especially vulnerable at the opening instant, when market makers have not fully populated bids and offers and overseas price signals may still be feeding into domestic systems.

Regulators and exchange operators now face pressure to consider safeguards based on trade size, available depth and deviation from a volume-weighted reference price. Measures could include auction-style openings, minimum order-value requirements, stronger market-maker obligations or delayed dissemination of extreme prices produced by very small transactions.

The disruption comes during an unusually volatile period for SK Hynix and South Korean technology shares. The chipmaker has been at the centre of investor enthusiasm over high-bandwidth memory used in artificial-intelligence accelerators, but its shares have also recorded repeated double-digit moves as traders reassess valuations and future demand.

SK Hynix reported a sharp year-on-year increase in quarterly profit, supported by high-bandwidth memory sales, yet the results fell short of elevated market expectations. The disappointment contributed to a broad sell-off that erased trillions of dollars from South Korean equities at its peak and pushed measures of expected volatility to exceptional levels.

Leveraged exchange-traded funds linked to SK Hynix and Samsung Electronics have amplified those movements. Authorities have halted new sales of some single-stock leveraged products and proposed tighter investment limits, larger minimum deposits and higher transaction costs after retail investors suffered heavy losses.

Research into the market turbulence has also raised concerns that predictable rebalancing by leveraged funds can encourage traders to buy or sell ahead of compulsory end-of-day transactions. Such feedback loops may magnify price changes even when there is little new information about a company’s operations.

Arabian Post Staff -Dubai BNW Developments plans to build about 10,000 homes across Dubai and Ras Al Khaimah over the next four years, marking a significant expansion of its residential and hospitality-led property portfolio in the UAE. The developer is preparing projects ranging from branded residences and waterfront apartments to mixed-use communities and hotels. Its current pipeline comprises 12 developments at different stages of planning and construction, […]

Gold prices surged above $4,200 an ounce on Wednesday as weaker US employment data, a softer dollar and falling Treasury yields drove investors towards the precious metal, although claims that bullion gained 4.5% during the day appeared to overstate the move recorded by leading benchmarks. Spot gold climbed more than 3% to about $4,200 an ounce, its highest level since late June. US gold futures advanced roughly […]

Guggenheim Abu Dhabi will open to the public on 11 December 2026, bringing one of the world’s longest-awaited cultural projects to Saadiyat Island after two decades of planning, redesigns and construction delays. The Department of Culture and Tourism – Abu Dhabi confirmed the date as preparations accelerate for the launch of the largest museum in the Guggenheim network. The institution will focus on global modern and contemporary […]

Chainlink’s LINK token is being withdrawn from centralised cryptocurrency exchanges at its fastest pace in more than a month, signalling that a growing number of holders may be moving assets into private wallets rather than preparing to sell them. About 1.26 million LINK left known exchange addresses during the 24 hours to August 4, the largest daily net outflow since June 29. The transfer was worth roughly […]

Abu Dhabi’s luxury housing market is entering a more discerning phase as affluent buyers increasingly favour design quality, liveability and enduring value over short-term price gains. The shift is unfolding alongside strong market activity. Property transactions across the emirate reached about AED117 billion during the first half of 2026, while foreign direct investment in real estate rose to AED13.8 billion. International demand has broadened as Abu Dhabi […]

The UAE’s non-oil private sector expanded at its strongest pace in four months during July, supported by a revival in customer demand, improving exports and smoother regional trade flows. The seasonally adjusted S&P Global UAE Purchasing Managers’ Index rose to 52.7 from 50.8 in June, moving further above the 50-point threshold that separates expansion from contraction. The increase marked a sharp recovery from June, when business conditions […]

Qatar said mediators were making progress towards ending the war between the United States and Iran, but an attack on a commercial vessel near the Strait of Hormuz exposed the fragility of the diplomatic effort and renewed concerns over energy supplies. Doha’s assessment followed contacts involving Qatar, Oman and Pakistan, which have been working to move Washington and Tehran towards formal negotiations. The initiative has focused on […]

Arabian Post Staff -Dubai Iran and Oman are discussing a temporary central shipping corridor through the Strait of Hormuz as negotiators seek to restore safer commercial passage across one of the world’s most important energy routes. The proposal would reopen the strait’s so-called middle passage, a route largely avoided by vessels since fighting disrupted maritime traffic in late February. Ships have instead relied on northern waters closer […]

Iran is considering allowing European countries to clear naval mines from the Strait of Hormuz, signalling a possible compromise that could help restore commercial shipping and advance negotiations to halt the wider conflict. The proposal would mark a shift from Tehran’s opposition to any foreign military presence in the waterway. France, Belgium and the Netherlands are among the European countries with specialist mine-countermeasure vessels and trained crews […]

Arabian Post Staff -Dubai The global oil market has lost more than 2.6 billion barrels since the US-Israeli war with Iran began on February 28, Saudi Aramco chief executive Amin Nasser has said, warning that depleted inventories will take more than a year to rebuild. The cumulative loss is equivalent to nearly one month of worldwide oil consumption and reflects the prolonged disruption of shipping through the […]

Etihad Rail will open passenger stations in Dubai and Al Dhaid on September 30 as the UAE’s national railway operator accelerates a phased expansion supported by strong early demand.The two openings will mark the formal launch of the wider passenger network, three months after introductory services began between Mohamed bin Zayed City in Abu Dhabi and Fujairah on June 30. More than 70,000 tickets have been sold […]

Singapore’s government has defended plans to develop housing at Maju Forest and Gillman Barracks while assuring lawmakers that the proposed layouts remain open to changes aimed at protecting greenery, wildlife corridors and heritage buildings.

The debate in Parliament on Tuesday followed public opposition to proposals that could involve clearing about 15 hectares of Maju Forest at Sunset Way and at least 10 hectares of forest around Gillman Barracks. Eighteen parliamentary questions were raised, with lawmakers pressing the government on alternative sites, ecological damage, public consultation and whether development could be abandoned.

Minister of State for National Development Alvin Tan said the two areas would proceed towards housing development because they had been designated for residential use and were needed to meet demand over the next decade. He said, however, that environmental and heritage studies were part of the process of shaping the projects rather than exercises designed to justify predetermined plans.

“The question before us is not whether housing, greenery or heritage matters. They all do,” Tan told Parliament. “The challenge is how we balance these needs responsibly within our limited space.”

The formal period for public comments on the environmental and heritage assessments closes on August 6, but government agencies will continue discussions with residents, nature groups and other stakeholders. Feedback could result in changes to construction footprints, development density, ecological corridors and the number of heritage structures retained.

Maju Forest covers about 23 hectares beside Sunset Way in Clementi. The land has largely been zoned for residential development since the 1980 Master Plan, although decades of natural regeneration have created secondary forest containing streams, native vegetation and threatened wildlife.

Housing authorities have proposed retaining about eight hectares, including a freshwater stream and surrounding buffer zone, as a refuge for wildlife and a corridor connecting neighbouring green areas. The remaining land would accommodate public housing, although the number and mix of flats have not been finalised.

Environmental surveys recorded several species of conservation importance, including the critically endangered straw-headed bulbul. Earlier studies connected with the Cross Island Line also identified the Sunda pangolin in the wider forest area.

Nature groups have argued that narrowing the habitat could displace animals, increase roadkill risks and weaken connections between Bukit Timah Nature Reserve, Clementi Forest, the Rail Corridor and the Southern Ridges. They have also warned that secondary forests cannot be quickly replaced because mature ecological systems take decades to regenerate.

Christopher de Souza, a lawmaker from Holland-Bukit Timah, urged the government to examine other land near Maju Forest, including a construction site being used for the Cross Island Line. He cited changes made to earlier plans for Dover Forest, where part of the forest was preserved after alternative housing arrangements were considered.

Tan said the Cross Island Line site could be assessed for homes once railway construction was completed, but it was not available to satisfy near-term demand. Authorities were already prioritising vacant and previously developed land where practical, he added.

Gillman Barracks presents a different planning challenge because the area contains both forest and buildings associated with Singapore’s military and cultural history. Established as a British garrison in 1935, it was converted into an arts precinct in 2012 and now accommodates galleries, restaurants and lifestyle businesses.

The environmental and heritage studies covered 47 hectares, including an estimated 40-hectare development zone and a seven-hectare green area north of Telok Blangah Heights. The wider study area contains about 21.8 hectares of forest and 10 hectares of urban vegetation, scrubland and grassland.

Authorities are considering retaining most of the native-dominated secondary forest and creating ecological routes linking Telok Blangah Hill Park, HortPark, Berlayer Creek and Labrador Nature Reserve. Proposed corridors would be at least 30 metres wide to support the movement of birds and other wildlife.

Gillman Barracks has 86 buildings, with preliminary plans indicating that 25 could be retained. Officials are studying the preservation of all structures assessed as having exceptional heritage value and most buildings considered highly significant.

Rachel Ong, who represents the area, questioned whether alternative housing sites had been evaluated and called for continued dialogue with residents, conservation groups and heritage specialists.

Workers’ Party representatives also challenged the government on whether cancelling the projects remained possible. Tan said the developments would proceed because of national housing requirements, but the design, scale and conservation measures remained under review.

The government’s position places the two projects within a broader effort to maintain an adequate housing supply while controlling prices and meeting demand from new households. Singapore has also been converting previously developed sites, including the former Old Police Academy at Mount Pleasant and land occupied by golf courses, into residential districts.

Dubai-based mobility platform Zed is offering passengers 15 per cent cashback on completed rides throughout August, seeking to build customer loyalty as competition intensifies across the emirate’s app-based transport market. The reward is credited automatically to a passenger’s Zed Wallet after each qualifying journey and can be used towards later bookings on the platform. Customers can receive up to Dh20 for an individual trip, giving regular commuters […]

VISHNU RAJA
RYO YAMADA
HITORI GOTOH
IKUYO KITA