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Trump reiterated: It is essential to acquire Greenland, and the EU will not strongly resist!
Trump made another bold statement, asserting that the U.S. "must acquire" Greenland and predicting that the EU would not strongly resist. The President of Finland warned that this crisis is consuming "all the oxygen" at the Davos Forum, potentially overshadowing the crucial issue of Ukraine.
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South Korean media reported that “Samsung and SK Hynix are expected to continue reducing NAND flash production this year” in pursuit of profit maximization.
According to reports, Samsung Electronics' NAND wafer production this year will decrease from 4.9 million pieces last year to 4.68 million pieces, even lower than the reduced output level implemented in 2024 due to deteriorating profitability. SK Hynix's NAND production will also drop from approximately 1.9 million pieces last year to 1.7 million pieces this year. Together, the two companies account for over 60% of the global NAND flash memory market. TrendForce forecasts that contract prices for NAND flash memory in the first quarter will increase by 33% to 38% compared to the previous quarter.
Futu Morning Brief | Trump reignites trade tensions, pressuring global stock markets; gold and silver hit new highs; the U.S. Supreme Court may rule on Trump's tariff case; the 2026 Alibaba Cloud PolarDB Developer Conference will be held today.
Market sentiment remains tense due to the transatlantic dispute, with significant declines observed in U.S. stock index futures. Gold and silver both reached record highs. The U.S. stock market was closed on Monday for the Martin Luther King Jr. Day holiday; however, U.S. stock index futures showed clear downward momentum as President Trump's push to acquire Greenland and subsequent tariff threats heightened trade tensions between the U.S. and Europe. The Dow Jones Index futures fell by 0.83%, S&P 500 Index futures dropped by 0.88%, and Nasdaq 100 Index futures declined by 1.09%. Trump’s tariff threats against Europe triggered safe-haven demand, driving gold and silver prices to new all-time highs. Spot gold surged by 2% at one point, reaching $469.
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