Good day, Trader

Possible drivers

• ›Hormuz land-pipeline comment supports oil-supply rerouting premium

  high

  — US Treasury Secretary Bessent: Oil will be going on land pipelines, not via Hormuz.

  • US Treasury Secretary Bessent: Oil will be going on land pipelines, not via Hormuz.Breaking headlines · Tue 1 Sep · 13:42 UTC

    news://ee2399ef1703db62

• ›Trade/tariff softening pressures industrials and discretionary

  medium

  — Goldman Sachs Tariff Tracker: US Import Flows Remain Firm, but West Coast Trucking Has Softened

  • Goldman Sachs Tariff Tracker: US Import Flows Remain Firm, but West Coast Trucking Has SoftenedBreaking headlines · Tue 1 Sep · 12:51 UTC

    US-bound vessel volumes from China rose 3% week-on-week and 10% year-on-year. Port of Los Angeles TEUs are expected to fall 15% next week after an 11% weekly increase, before rebounding 28% the following week. Year-on-year growth is expected to move from -6% to +54% across those two weeks, keeping the focus on whether importers are restocking, whether peak shipping began early this spring, and how lower effective tariff rates are influencing orders. West Coast trucking activity weakened through July and August, suggesting some of the May-June pull-forward may be fading. However, LA imports are still pointing to year-on-year growth, intermodal volumes remain positive, and the latest trucking loads rose 6% week-on-week. If order activity improves, rates and load volumes could stabilise and recover later in the year, although trade uncertainty remains high.

    news://bd0254eb1c93122c

• ›Korean chip selloff pressures U.S. semiconductor open

  medium

  — KOSPI tumbles despite chip buybacks: how much support can they really provide?

  • KOSPI tumbles despite chip buybacks: how much support can they really provide?invezz.com · Wed 2 Sep · 00:45 UTC

    news://d7ccb9d7403bab78

Sentiment by horizonclick a cell for the driver

Themes

• KOSPI tumbles despite chip buybacks: how much support can they really provide?Korean chip crash despite buybacks signals memory-supply anxiety into U.S. semis.^KS11SMHQQQXLK-0.80
• US Treasury Secretary Bessent: Oil will be going on land pipelines, not via Hormuz.Supply rerouting supports energy and pressures energy-import exposure.XLEBRENTEWGUSO+0.30
• Bank of Canada mulls Trump tariff shock as it readies interest rates decisionTariff shock deliberation makes BoC a trade-policy risk event.SPYXLIXLYEWG-0.40
• South Korea FX stabilization fund bought about $20 bln from SK Hynix ADR windfallWon stability and memory flows add a secondary FX wildcard.^KS11EWYSMHMU+0.10

Possible drivers

• ›Hormuz land-pipeline comment supports oil-supply rerouting premium

  high

  — US Treasury Secretary Bessent: Oil will be going on land pipelines, not via Hormuz.

  • US Treasury Secretary Bessent: Oil will be going on land pipelines, not via Hormuz.Breaking headlines · Tue 1 Sep · 13:42 UTC

    news://ee2399ef1703db62

• ›Trade/tariff softening pressures industrials and discretionary

  medium

  — Goldman Sachs Tariff Tracker: US Import Flows Remain Firm, but West Coast Trucking Has Softened

  • Goldman Sachs Tariff Tracker: US Import Flows Remain Firm, but West Coast Trucking Has SoftenedBreaking headlines · Tue 1 Sep · 12:51 UTC

    US-bound vessel volumes from China rose 3% week-on-week and 10% year-on-year. Port of Los Angeles TEUs are expected to fall 15% next week after an 11% weekly increase, before rebounding 28% the following week. Year-on-year growth is expected to move from -6% to +54% across those two weeks, keeping the focus on whether importers are restocking, whether peak shipping began early this spring, and how lower effective tariff rates are influencing orders. West Coast trucking activity weakened through July and August, suggesting some of the May-June pull-forward may be fading. However, LA imports are still pointing to year-on-year growth, intermodal volumes remain positive, and the latest trucking loads rose 6% week-on-week. If order activity improves, rates and load volumes could stabilise and recover later in the year, although trade uncertainty remains high.

    news://bd0254eb1c93122c

• ›Korean chip selloff pressures U.S. semiconductor open

  medium

  — KOSPI tumbles despite chip buybacks: how much support can they really provide?

  • KOSPI tumbles despite chip buybacks: how much support can they really provide?invezz.com · Wed 2 Sep · 00:45 UTC

    news://d7ccb9d7403bab78

Sentiment by horizonclick a cell for the driver

Themes

• KOSPI tumbles despite chip buybacks: how much support can they really provide?Korean chip crash despite buybacks signals memory-supply anxiety into U.S. semis.^KS11SMHQQQXLK-0.80
• US Treasury Secretary Bessent: Oil will be going on land pipelines, not via Hormuz.Supply rerouting supports energy and pressures energy-import exposure.XLEBRENTEWGUSO+0.30
• Bank of Canada mulls Trump tariff shock as it readies interest rates decisionTariff shock deliberation makes BoC a trade-policy risk event.SPYXLIXLYEWG-0.40
• South Korea FX stabilization fund bought about $20 bln from SK Hynix ADR windfallWon stability and memory flows add a secondary FX wildcard.^KS11EWYSMHMU+0.10