Summary of Important Developments on the Evening of May
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French political turmoil hits the euro, hedge fund short bets reach more than six-year high
As the political turmoil in France continues to unsettle the European bond market and drag down the euro’s performance, hedge funds are increasing their bearish bets on the euro.
The US will exempt some Canadian goods from tariffs, involving nine categories of products including packaging materials and machinery.
Susan Collins, a Republican Senator from Maine, stated on Friday that the US government will grant tariff exemptions for certain Canadian imports.
SK Hynix abandons Solidigm US IPO plan; analysts say future NAND supply will decrease, benefiting Micron and SanDisk
The analyst team at LYNX Equity Strategies pointed out that if Solidigm's IPO funds had been used to expand NAND capacity in the US, it could have increased global supply after three years or more, thereby putting downward pressure on pricing. Now that this financing channel is closed, the associated risk has disappeared, which is a substantial positive for both Micron and SanDisk; however, for Intel, it is a minor negative, as it means losing a potential manufacturing project.
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