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GUSD
3.8%
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Launch
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Nasdaq index opened lower by 0.43%; storage-related concept stocks saw a collective pullback, with SK hynix down more than 6%.
The U.S. officially launched a 337 investigation into DRAM equipment and its downstream products and components (II). Storage-related stocks pulled back across the board: SK hynix fell more than 6%, SanDisk fell more than 5%, Western Digital and Seagate Technology fell more than 4%, and Micron Technology fell more than 3%.
TSMC fell more than 3%. In Q2, net profit surged 77.4% year over year to a record high. After the positive news was realized, investors took profits.
Baidu rose 3.5%. The company is seeking a dual primary listing in Hong Kong, and analysts said it could aim to meet the Hong Kong Stock Connect requirements as early as September this year.