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U.S. Storage Stocks Weaken, SanDisk and Seagate Drop Over 4%

On September 11, U.S. storage stocks weakened, with SanDisk and Seagate dropping over 4%. Western Digital fell by more than 2%, while Micron Technology and SK Hynix saw declines of less than 1%.

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  • U.S. Optical Communication Stocks Surge, Coherent Rises Over 3%

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  • Canadian MP Urges Trump: Relax Tariffs to Help U.S. Combat Inflation with Canadian Oil and Minerals

    On September 11, Pierre Poilievre, leader of the Conservative Party of Canada, stated that Canada possesses abundant oil and mineral resources that could help alleviate inflationary pressures in the United States, but the Trump administration needs to relax its tariff policies against Canada. Poilievre strongly promoted Canada's 'affordable energy' and mentioned that he has discussed establishing a 'strategic mineral and oil national reserve' with Canadian Prime Minister Mark Carney for allies to use in times of need. Poilievre said, 'By strengthening trade with Canada, we can lower your cost of living. We can ensure that in the event of future conflicts—hopefully never occurring—we have ample supplies while also restoring the industrial base across the North American continent. But this must be achieved through cooperation.'

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    On September 11, Iranian Foreign Ministry spokesman Baghaei announced plans for a regional meeting involving Gulf coastal countries. This meeting represents a significant development, with hopes that it will enhance mutual understanding among regional nations and contribute to strengthening regional security. Iran, Iraq, and other Gulf coastal countries will participate in this meeting, which will take place next Monday in Oman. In addition to other regional issues, the participants will discuss the outcomes of negotiations between Iran and Oman regarding the establishment of a safe commercial shipping corridor in the Strait of Hormuz. The Iranian Foreign Ministry spokesman also mentioned a previous agreement between Iran and Oman on a temporary shipping corridor in the Strait of Hormuz, emphasizing Iran's commitment to taking action to ensure the safety of shipping in the Strait. However, he stated that as long as the U.S. acts aggressively and interferes illegally, including through maritime blockades and economic warfare, the safety of shipping in the Strait of Hormuz cannot be guaranteed.

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