XAI (XAI) volatility reaches 57.4% in 24 hours: driven by social media pump and surge in trading volume

In September this year, Korea's HMM (Hyundai Merchant Marine) alone accounted for nearly 40% of the oil transit volume through the Strait of Hormuz, and in the first 10 days of October, this figure surpassed 50%, with the single-month oil transport volume exceeding the combined total of shipowners from Saudi Arabia, Kuwait, and the UAE. By engaging in high-premium "relay trade," it has made enormous profits from sky-high charter rates. The driving force behind this is a stake endorsement from the world's largest shipowner, MSC. Currently, its fleet consists of 162 vessels, making it the world's largest oil tanker operator.

Gold fell below $4,000 this week, hitting a three-month low, diverging from US Treasury yields despite heightened global risk aversion. Analysts attribute gold's weakness to the fading speculative sentiment over the past year and rising expectations of interest rate hikes. Meanwhile, the yen, with its 40% undervaluation, has become Goldman Sachs' top choice as a hedging tool, quietly reshaping the landscape of traditional safe-haven assets.

Moody's has maintained France's rating, the second-largest economy in the Eurozone, at Aa3, which is seven notches above "junk" status and on par with the UK's rating; the outlook remains negative.

Moody's announced it will maintain France's Aa3 rating, stating that France's diversified economic structure and robust public institutions support the current rating. However, the outlook remains negative because political instability will continue to constrain fiscal consolidation efforts. Moody's added that the maintenance of the Aa3 rating is based on the assumption that France will ultimately implement a deficit reduction plan, and expects "financing costs and social tensions will ease in the coming months."