The US dollar and Asian stock markets declined. Biden previously announced his withdrawal from the 2024 US presidential election and supported He Jinli to take over the fight.
Bloomberg US Dollar Spot Index $USD(USDindex.FX)$The Mexican peso climbed as it fell 0.2% on Monday.
In the face of continuous pressure from within the Democratic Party, Biden had to give up his re-election campaign and withdraw from the November general election. The Japanese and South Korean stock markets opened lower, and the Australian stock market also weakened. Hong Kong stock index futures remained stable.
$Korea Composite Index(.KOSPI.KR)$
$Nikkei 225(.N225.JP)$
$S&P/ASX 200(.XJO.AU)$
$Hang Seng Index(800000.HK)$
The question facing investors is whether it is still necessary to stick to the Trump deal since Biden has given up his re-election campaign.
The market is likely to fluctuate greatly. Traders are waiting to see if He Jinli can be nominated by the party, and at the same time weigh whether she can gather enough momentum to challenge Trump's current leading position in the polls.
“People's subconscious reaction is that this is bad for the dollar, but it's still too early to draw conclusions,” said Olga Yangor, head of emerging market research and strategy at Crédit Agricole.
“This will largely depend on He Jinli's initial appearance, her choice of running partner, and swing state polls.”
On the commodities side, crude oil and gold prices rose in early trading.
Biden withdrew from the market...

$CrowdStrike(CRWD.US)$  with the lawsuits & claims to come ....
$Microsoft(MSFT.US)$

$Enovix(ENVX.US)$ Volume decreasing, the rebound will be strong

$MSM(5202.MY)$
On the MSM weekly chart, the recent stock price has formed a clear M peak pattern. This is generally regarded as a bearish signal, which indicates that the market may fall further. At present, the stock price has fallen below the MA20 EMA and is approaching the key box area downward.
The orange box area is an important support area. If the stock price continues to fall and effectively falls below this box (around 2.440 yuan), then it may cause greater selling pressure, leading to a further decline in stock prices. The recent decline was accompanied by relatively large trading volumes, which strengthened the confirmation of the downtrend.
Although the stock price is facing some downward pressure, don't be discouraged. Every adjustment saves strength for future growth. Near the current critical support level, the market may be brewing new opportunities. If the stock price can maintain the box support on the weekly chart and recover steadily, this will be a positive sign, indicating the possibility of a rebound.

$Enovix(ENVX.US)$ Elentec MOU or others
Is good news coming soon? Korean visit to the plant  

$YBS(0025.MY)$ again this counter entering sideways, have to be patience and wait for good news from Elentec MOU

$Enovix(ENVX.US)$ pre market trading already so happening, what will be the open price on August 8?

$Enovix(ENVX.US)$ YBS spike up 20% after long accumulation phase. Fireworks ahead for ENOVIX-YBS double show

$Enovix(ENVX.US)$ one of the daily deliveries they sending out from Penang, Malaysia plant. Anyone knows 1 pallet of batteries worth how much?

$Enovix(ENVX.US)$ A healthy retracement from recent peak. Penang plant are running  at full speed, expecting another great run soon, maybe right after next QR