☕️ Good morning, friends,

it is still 32 degrees in Shanghai. ☀️ That makes us sweat even more when we read headlines like this:

Over 500 hikers were trapped by a snowstorm in the Himalayas, and rescue operations are still underway. Looking at the pictures, we are once again reminded why we prefer vacations in the sun rather than in the snow.

P.S. Our intern Robert went to Shanghai’s promenade last night just for you. He captured on video what it feels like to travel alongside 500 million people at once. 👀

📈 Tokyo Extends Rally as OpenAI Buzz Fuels AI Frenzy

Japan’s Nikkei hit another record high on Tuesday, lifted by continued optimism over pro-stimulus leader Sanae Takaichi’s election and fresh AI momentum from OpenAI’s global partnerships. The index built on Monday’s 5% surge, driven by expectations of loose fiscal and monetary policy.

Tech stocks led the gains: Advantest rose over 2%, Renesas more than 4%, and SoftBank added 2.6%. The AI boom continued to ripple through markets after AMD’s new deal with OpenAI, following similar agreements with Samsung and SK Hynix.

TOP BIT

🇺🇸🌱 US Farmers Shaken as Trade War Hits America’s Heartland

Since May, China has not ordered a single shipment of US soybeans. For American farmers, it is a shock: prices are collapsing, silos are overflowing, and banks are tightening credit right in the middle of harvest season. The trigger is the escalating tariff conflict between the two global powers.

While the White House promises billions in aid, China quietly turns to new partners.

The Details

🚫 Zero Imports from the US: A large share of US soybean exports usually goes to …