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11:05
Pakistan's KSE-100 index closed down 0.4%
Golden Globe Exchange May 11丨Pakistan's KSE-100 Index closed down 0.4% to 170,628.7 points.
11:03
Gold jewelry consumption in the first quarter saw an increase in spending but a decline in volume, with multiple brands launching promotions in May.
```htmlGolden Ten Data, May 11 — According to the latest statistics from the China Gold Association: In the first quarter of 2026, China’s gold consumption reached 303.292 tons, an increase of 4.41% year-on-year. Currently, despite a decline in gold jewelry consumption, many listed companies still showed growth in their Q1 financial results. The World Gold Council also commented that the second quarter is traditionally a low season for jewelry consumption, and demand may weaken further. For example, in the second quarter of 2025, retail gold investment and consumption demand in the Chinese market reached 245 tons, a quarter-on-quarter decline of 10%, while jewelry consumption was 69 tons, a sharp quarterly decrease of 45%. During this year’s “May Day” holiday, visits to various gold counters revealed that, possibly due to the recent softness in jewelry consumption combined with holiday promotions, many counters launched weight-based discounts. For instance, Lao Miao Gold offered a 90 yuan discount per gram on some jewelry items during the holiday, and select fixed-price products were available at 20%-30% off; Ya Yi Gold Store gave a 130 yuan discount per gram, with some fixed-price products offered at 30% off or more; Lao Pu Gold recently launched a 10% off promotion.```
10:59
A major whale betting against crude oil lost 60% of their capital in two weeks, with an average weekly loss of $2.3 million.
BlockBeats news, on May 11, according to Hyperinsight monitoring, the Hyperliquid platform’s TOP 2 loss address in the past 7 days (0xebe) repeatedly traded against the trend in the crude oil market. Since entering on April 20, over the past half month they have opened a total of 4 short and 2 long crude oil positions, none of which were profitable. The total loss has exceeded $9.5 million, with more than $2.3 million of margin burned each week on average, accounting for nearly 60% of their net deposited funds. On April 25, the address heavily invested in crude oil for the first time, then repeatedly switched directions, “chasing highs and selling lows.” From WTI to Brent, shorting at the top and longing at the bottom, in half a month the net deposited funds of $24.17 million were reduced to about $14.67 million. As of press time, this address still holds a 20x leveraged Brent crude oil short position, with a size of $25 million, currently floating a loss of $370,000 and has not yet exited.
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