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22:09
Canada S&P/TSX Composite Index closed down 2.19% at 33,784.94 points, retreating from its all-time closing high; Small-cap index closed down 4.28%, also pulling back from its all-time closing high.
On Tuesday (March 3), during the North American late trading session, the yield on Canada's 10-year benchmark government bond rose by 3.0 basis points to 3.242%. At 20:05 (GMT+8), it "opened higher" at 3.319%, reaching a new daily high, before gradually giving back its gains. The Mexico Composite Index closed down 3.04%. The Brazil São Paulo Stock Exchange Index closed down 3.15%.
21:59
On Tuesday (March 3), the Philadelphia Gold and Silver Index traded during US stock hours closed down 8.08% at 431.35 points, with a plunge at the opening and an overall long-tail L-shaped trend.
The NYSE ARCA Gold Miners Index, which trades around the clock in global markets, fell by 7.68%, closing at 3053.61 points. It remained in a downward trend throughout the day, maintaining a slight decline above 32.76 points before the US stock market opened, then plunged sharply, hitting a daily low of 2975 points at 23:17 (UTC+8). The Materials Index, which trades during US stock market hours, closed down 3.72%, while the Metals & Mining Index closed down 3.57%.
21:56
TD Cowen: Controversy over stablecoin interest-bearing rules may hinder progress of the CLARITY Act
The TD Cowen report points out that disputes over stablecoin interest-bearing regulations may cause banks to lose their advantage in the game, and politically, opposing consumers receiving returns is difficult to sustain. The report states that the OCC's implementation proposal for the GENIUS Act prohibits issuers from directly paying stablecoin interest, but only sets a "rebuttable presumption" ban on indirect payments via third-party platforms. Banks are seeking additional prohibitions, but if the stalemate continues, it may affect the passage of the U.S. crypto market structure bill (CLARITY Act).
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