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The Chinese military on Tuesday said it had begun conducting joint exercises involving its army, navy, air force, and rocket force to “close in on” Taiwan from “multiple directions,” according to a statement posted on the Eastern Theater Command’s official social media account. The drills mainly focus on sea-air combat-readiness…

Financials take the lead. No changes in the composition of the top 5 this week, and only one change of position within the top 5. Financials (XLF) leapfrogged to the number one position, sending Communication Services (XLC) to the #3 position. Energy (XLE) remains #2 while Utilities (XLU) and Healthcare…