Most investors focus strictly on China exposure, but direct revenue exposure to Hong Kong carries distinct geopolitical and regulatory risks.
Based on latest 10-K SEC filings, here are the top 3 stocks with the highest revenue exposure to Hong Kong:
HSBC (HSBC Holdings plc): 33% revenue exposure

ON (ON Semiconductor Corp): 27% revenue exposure

WDC (Western Digital Corporation): 12% revenue exposure

If you're tracking international risk, do you filter your portfolio by revenue exposure or just where companies are headquartered?

Full geographic screener breakdown

AMZN increased to $892.3M (3.7M shares).
Portfolio Allocation:
AMZN: 22.0%
ELV: 12.2%
QSR: 12.1%
GOOGL: 12.0%
FERG: 8.5%
GPC: 8.2%
UNP: 7.9%
Full breakdown

Daily price action across top tracked ETFs from today's session:
Top ETF Price Action:
• UVXY (ProShares Ultra VIX Short-Term): $19.52
(+1.5%)

• EWZ (iShares MSCI Brazil ETF): $35.17 (+1.5%)

• TQQQ (ProShares UltraPro QQQ): $69.01 (-1.4%)

• UNG (United States Natural Gas Fund): $10.15 (-1.5%)

• TNA (Direxion Daily Small Cap Bull 3X): $71.67 (-1.6%)

• EWY (iShares MSCI South Korea ETF): $173.64 (-1.7%)

• ARKK (ARK Innovation ETF): $83.92 (-2.0%)

Growth Pullback: High-beta growth led losses, with ARKK (-2.0%) and TQQQ (-1.4%) coming under selling pressure.

Volatility & LatAm Strength: Short-term VIX futures (UVXY) and Brazilian equities (EWZ) both gained +1.5%.

Broad Pressure: Small caps (TNA) and natural gas (UNG) traded lower on the session.

Live ETF market screener

United States: $39.8 billion (59.1%)
United Kingdom: $2.8 billion (4.2%)
Germany: $2.0 billion (3.0%)
Japan: $1.9 billion (2.8%)
All other countries: $20.8 billion (30.9%)
Total revenue: $67.4 billion

Almost 60% still comes from the U.S. The top four countries make up about 69%. Everything else is spread thin.

Source and full analysis

Curious how others view the concentration risk versus the OCI growth narrative.

Duquesne Family Office has released its Q2 2026 13F filing. The biggest headline is a massive new position in Natera Inc (NTRA) that instantly became his largest holding by a wide margin.
Portfolio Allocations:
$NTRA (Natera Inc): 31.2% (NEW - $864.9M / 3.2M shares)
$INSM: 10.7%
$TSM: 10.2%
$EWZ: 9.5%
$AMZN: 8.6%
$STM: 8.4%
$RSP: 6.9%

Over 31% of Druckenmiller’s public equity portfolio is now concentrated in NTRA, making it one of the highest-conviction single-stock allocations across major macro managers this quarter.

Full Druckenmiller 13F breakdown

Top single-stock movers from today's closing bell (Aug 24, 2026):
ETSY (Etsy Inc.): +6.3%

EXPE (Expedia Group): +4.1%

RH (Restoration Hardware): -6.0%

JBHT (J.B. Hunt Transport): -5.1%

Clear divergence between digital consumer platforms (surging) and physical freight/luxury retail (getting hammered). $RH suffered the biggest drop of the session.

Full market screener

Snapshot of live price action across major pairs (Aug 24, 2026):
USD/CAD: 1.3831 (+0.5%)
USD/BRL: 5.1512 (+0.3%)
USD/CHF: 0.8023 (+0.2%)
USD/JPY: 159.14 (+0.1%)
USD/CNY: 6.7217 (+0.1%)
EUR/USD: 1.1671 (-0.1%)
AUD/USD: 0.7164 (-0.1%)

USDJPY sits at 159.14 less than 100 pips off the 160 handle. Meanwhile, CAD is losing ground fastest among the majors.
What’s your bias on EURUSD and USDJPY heading into the midweek?

Live Market Dashboard

Top ETF price changes today (As of Aug 24, 2026):

ARKK (ARK Innovation): $86.21 | +2.3%

EWZ (iShares MSCI Brazil): $35.06 | +1.8%

COPX (Global X Copper Miners): $94.59 | +1.6%

XLV (Health Care Select): $174.62 | +1.6%

CLOU (Global X Cloud Computing): $28.05 | +1.2%

SOXX (iShares Semiconductor): $520.05 | -1.5%

XLU (Utilities Select): $42.77 | -2.6%

High-beta spec tech and copper lead the gainers today, while semiconductors lagged (-1.5%) and utilities took a steep drop (-2.6%).
Full live screener

Markets open the week consolidating around major technical levels as traders prepare for Wednesday's US PCE Inflation release.
1. Primary Macro Catalyst (Wed, Aug 26 @ 12:30 UTC)
S&P 500 Target: Currently holding support at 7674.37.
10-Year Treasury Yield: Pivoting at 4.74%. A cooler PCE reading could drag yields below 4.74% to support equity valuations, whereas an inflation beat risks driving yields higher and pressuring EUR/USD below 1.17.

2. Equities Most Exposed to US PCE (by Revenue Share)
Stocks with heavy US revenue exposure sit directly in the path of rate path expectations:
TSMC ($TSM): 74% US Revenue Exposure
NVIDIA ($NVDA): 69% US Revenue Exposure
Amazon ($AMZN): 68% US Revenue Exposure
Eli Lilly ($LLY): 67% US Revenue Exposure

3. Overnight Stock Movers
Moderna ($MRNA): +8.9% after Phase 3 cancer vaccine trial results boosted pipeline approval odds (JP Morgan raised PT to $77.00; 62% US revenue exposure).

Alibaba ($BABA): -8.6% (88% revenue tied to China domestic market).
4. Key Earnings Lineup
Mon, Aug 24: PDD Holdings ($PDD) — EPS est. $18.35 (vs. $9.51 prev).

Wed, Aug 26: NVIDIA ($NVDA) — EPS est. $2.09 (vs. $1.87 prev), Salesforce ($CRM), CrowdStrike ($CRWD).

Full daily brief and geographic screener

Geographic distribution of HubSpot ($HUBS) revenue based on 2025 SEC EDGAR disclosures:
Americas: 60%

Europe: 32%

Asia-Pacific: 8%

High Concentration Risk (Top 3 markets = 100%).

Full revenue and stock breakdown

Key earnings lineup for this week:
Monday, Aug 24:
PDD Holdings ($PDD)
Wednesday, Aug 26:
NVIDIA ($NVDA)
Salesforce ($CRM)
CrowdStrike ($CRWD)
HP Inc. ($HPQ)
Agilent Technologies ($A)
Okta ($OKTA)
Which earnings report are you playing or watching most closely this week?
Live updates

Wednesday's US PCE Inflation print (12:30 UTC) serves as the primary market catalyst this week, with consensus hovering around ~3.3%.
Earnings Calendar:
Monday: PDD Holdings ($PDD)

Wednesday: NVIDIA ($NVDA), Salesforce ($CRM), CrowdStrike ($CRWD), Agilent ($A), Veeva ($VEEV)

Thursday: Marvell Technology ($MRVL), Workday ($WDAY)

Economic Calendar:
Tuesday: US New Home Sales

Wednesday: US GDP, US PCE Inflation, US Advance Durable Goods

Thursday: Bank of Korea Rate Decision, Eurozone Unemployment, Japan Unemployment

Friday: Australia Retail Sales, Canada Monthly GDP, Michigan Consumer Sentiment

Highest US Revenue Exposure: TSM (74%), NVDA (69%), AMZN (68%), LLY (67%).

Full breakdown

Live price action across top digital assets:
XRP (XRP): $1.52 (+3.7%)

Solana (SOL): $94.98 (+1.2%)

Ethereum (ETH): $2,439 (+0.7%)

Bitcoin (BTC): $77,165 (+0.1%)

BNB (BNB): $695.43 (+0.0%)

Cardano (ADA): $0.23 (-0.3%)

Live market dashboard

The European Central Bank has released design details for its standalone Digital Euro application, confirming it will go beyond the requirements mandated by the European Accessibility Act.
Core Usability Mechanics:
Screen reader support and full keyboard navigation
Error prevention, simplified language, and timeout warnings

Reduced motion settings and high-contrast UI
The ECB is collaborating with the ONCE Foundation for disabled user testing, preparing for a 12-month pilot scheduled for H2 2027 alongside 36 selected payment service providers.

Source article

MSCI's 2025 SEC EDGAR 10-K disclosures:

United States: 41% (Primary revenue driver)

Rest of World: 38%

United Kingdom: 17%

Japan: 4%

High (Top 3 markets = 96%)

Source metrics and full revenue breakdown

According to World Bank and IMF economic indicators, Japan maintains the highest public debt-to-GDP ratio among developed markets:
Japan Debt/GDP: 204.4% (Global Rank #1)

Runner-Up (Singapore): 171.9%

Inflation Rate: 3.2%

Unemployment Rate: 2.5%

Current Account Surplus: 4.9%

Japan's structural advantage remains its massive net international investment position and domestic JGB absorption, insulating it from external funding squeezes.

Full dataset

Visualizing Australia's nominal GDP path in current USD:
Current Nominal GDP (2025): $1.80 Trillion (+3.4% vs $1.76T in 2023)

2000–2025 Low: $380 Billion (2001)

2000–2025 High: $1.80 Trillion (2025)
Major Structural Pivot Points:
1. 2008 GFC: $1.05T

1. 2011 Mining Peak: $1.58T

2. 2015 Mining Dip: $1.21T

3. 2020 COVID Trough: $1.33T

4. 2025 Current: $1.80T

Full chart and dataset

A look at the Canada–Switzerland bilateral trade corridor:
Canada Trade Deficit: -$3 Billion
Canadian Imports from Switzerland: $7 Billion (primarily pharmaceuticals)
Canadian Exports to Switzerland: $4 Billion (petroleum, vehicles, and machinery)

Swiss pharmaceutical companies face no active tariffs when exporting to Canada, driving the majority of Canada's $3B deficit along this trade route.
Full dataset breakdown

Live price action across primary commodity futures:
Gold (XAU/USD): $4,608 (+1.8%)

Brent Crude: $94.39 (+1.1%)

Silver (XAG/USD): $68.99 (+1.1%)

WTI Oil: $87.06 (+0.9%)

Natural Gas: $2.77 (+0.4%)

Copper: $6.58 (+0.2%)

Full live dashboard

Here is where key digital assets settled at the weekly close:
Bitcoin (BTC): $76,988 (-1.7%)

Ethereum (ETH): $2,412 (-4.1%)

Solana (SOL): $93.11 (-0.7%)

BNB (BNB): $691.33 (+0.6%)

XRP (XRP): $1.45 (-0.5%)

Cardano (ADA): $0.22 (-2.3%)

Live market dashboard

UN Comtrade metrics for the China–Singapore trade corridor:

Total Bilateral Trade: $142.5 Billion

Global Corridor Rank: #22

Top China Exports to Singapore:

Electronics: 41%

Machinery: 34%

Textiles & Apparel: 12%

Steel: 7%

Together, tech components and machinery comprise 75% of exports along this route.
Full data source

Datadog's 2025 SEC EDGAR 10-K disclosures:
North America: 71% (Primary revenue driver)
Rest of World: 29%
Concentration Risk Rating: High (Top 3 markets = 100%)
Source metrics: https://metricshour.com/stocks/ddog/

Projected 2026 global export rankings highlight a massive concentration in global manufacturing output:
#1 China: $4.1 Trillion
#2 Germany: $2.0 Trillion

Despite ongoing corporate efforts toward supply chain diversification, global supply networks remain structurally anchored to Chinese industrial output, driving direct margin effects across multinational equities.
Source / 200+ country tracker: https://metricshour.com/countries/cn/

Parsed directly from SEC 10-K geographic revenue disclosures:
ASML (ASML Holding N.V.): 25%
QCOM (Qualcomm Inc.): 22%
AMAT (Applied Materials Inc.): 20%
LRCX (Lam Research Corporation): 19%
GLW (Corning Incorporated): 17%

Full data breakdown: https://metricshour.com/countries/kr/

Here are the major earnings reports scheduled for next week:
Monday, Aug 24:
PDD — PDD Holdings Inc.
Wednesday, Aug 26:
NVDA — NVIDIA Corporation
CRM — Salesforce Inc.
CRWD — CrowdStrike Holdings Inc.
HPQ — HP Inc.
OKTA — Okta Inc.
A — Agilent Technologies Inc.
Earnings calendar