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The company stated that its operations in Moorabbin and Braeside are no longer economically viable, and it expects this move to result in an annual net increase of approximately $9 million in EBITDA by the end of fiscal year 2027. The company said that the reduction in costs in the Americas is expected to be sufficient to offset the impact of decreased revenue in the Asia-Pacific region. The company noted: “The improvement in operating profit reflects enhanced third-party procurement efficiency resulting from the adjusted supply chain, as well as a reduction in US tariff exposure.” Reliance stated that it expects to record a one-off net expenditure of $100 million to $110 million in fiscal year 2026, including goodwill impairment and provisions for layoffs. Reliance said that approximately 85 employees will be affected by this closure.

Against this backdrop, semiconductor leveraged ETFs with high elasticity characteristics have become the focus of capital pursuit, with several related overseas products experiencing significant growth in scale since the beginning of this year. This round of leveraged ETF trading is distinctly dominated by retail investors, with individual funds becoming the main force entering the market. Industry insiders believe that trading tools with inherent leverage are a "double-edged sword": while they amplify returns, potential risks such as daily rebalancing, intensified volatility, and liquidity imbalance are continuously exposed. Frequent occurrences of sharp short-term pullbacks and abnormal price divergences have emerged, creating multiple hidden risks in this retail investor-driven capital frenzy.

According to data from gasoline price tracking agency GasBuddy, the national average gasoline price fell by 14.1 cents per gallon last week, dropping to $3.85 per gallon on Monday. Gasoline prices declined in most states. GasBuddy data shows that over the past week, gasoline prices in Colorado fell by 25 cents per gallon, Arizona fell by 22 cents, and Ohio fell by 21 cents.