NEW YORK // Top-ranked Ana Ivanovic suffered one of the biggest upsets in tennis history when she was stunned by 188th-ranked Julie Coin of France 6-3, 4-6, 6-3 in the second round of the US Open yesterday.
Never before in the Open era that began in 1968 had the No. 1 woman lost this early in the tournament.
Coin screamed when Ivanovic's last shot sailed out, then hopped for joy and hit an extra ball high into Arthur Ashe Stadium. Ivanovic quickly gathered her gear and left the court, her hopes of another grand slam championship dashed. "Obviously, if you would ask me at the moment if I'm playing like a No. 1, probably not," Ivanovic conceded. "It's very frustrating because I know I can play so much better."
Even after Ivanovic struggled in the first round while coming back from an injured thumb, there was no way to see this coming. Coin spent much of the year playing in minor events and was nearly knocked out in Open qualifying.
The 25-year-old Frenchwoman recently played so poorly she thought about giving up the sport and relying on her mathematics degree. "I was thinking, 'Am I really made to play tennis?'" she said. Asked whether she thought such a win was possible, she gave a direct, honest answer. "No," she said.
And when did she believe it might happen? "I guess when it was over," she told the crowd, drawing a huge ovation.
If there was any suspicion that Coin was wavering, she steadied herself by rallying in the third set. It was Ivanovic who looked jittery, hitting shots directly into the net or way out.
Top-seeded Rafael Nadal avoided a similar fate on the men's side, beating the American qualifier Ryler De Heart 6-1, 6-2, 6-4. Nadal joined Venus and Serena Williams, James Blake, David Ferrer, Andy Murray and Dinara Safina in moving into the third round.
No. 14 Ivo Karlovic posted the stat of the day while beating Florent Serra of France in straight sets - he finished ahead in aces 42-0. The Ivanovic-Coin match was originally scheduled for the smaller Louis Armstrong Stadium, but was moved to the main Ashe stage to give the crowd a treat.
The fans hardly knew what really was in store. Tentative at times, Ivanovic seemed to regain her edge midway through third set. She led 40-0 in the fifth game and was about to break Coin's serve when suddenly the momentum shifted.
Coin came back to hold, starting her decisive streak. Ivanovic tried to stave off Coin in the final game, but it was too late for the 20-year-old Serbian star.
Coin won on her third match point - quite a result for someone playing in her first tour-level event. Coin had failed to qualify for the Australian Open, French Open and Wimbledon. And she certainly was not anything bankable going into this match - she'd earned less than US$100,000 (Dh367,000) as a pro, and was facing someone who had won nearly US$6 million.
Next up for Coin in the third round is compatriot Amelie Mauresmo, who beat Kaia Kanepi of Estonia 2-6, 6-4, 6-0. Coin and Mauresmo once played at the same club near Paris and shared the same coach, though they do not know each other well. "I know she was No. 1," Coin said.
Going into this Open, Ivanovic had played only two matches since Wimbledon while her thumb healed. The injury forced her to withdraw from the Olympics before they began, limited her practice time, and sent her from Beijing to Australia for treatment.
Fourth-seeded Serena Williams routed Elena Vesnina of Russia 6-1, 6-1 and seventh-seeded Venus Williams overwhelmed Rossana de Los Rios of Paraguay 6-0, 6-3. "I'm very satisfied so far, the way it's gone," Venus said. Venus breezed past an opponent ranked 117th.
After teaming with her sister to win Olympic gold in doubles, she stayed on course to play Serena in the quarter-finals in the US Open. "Whichever way the draw goes, whichever way the matches go, as long as hopefully it's a win for me, I'm pretty happy about it," she said.
Williams is the last woman to win consecutive championships at the US Open, but has not taken the title since 2001. "Oh yes, I remember. I won't forget, but I'd like to have a more recent memory as of, like, '08," she said. "Kind of overdue."
Among the other winners were Agnieszka Radwanska, Alize Cornet, Dominika Cibulkova and Nadia Petrova. But Nicole Vaidisova lost to Severine Bremond of France 7-5, 6-3. The sixth-seeded Safina, not nearly as volatile as brother Marat Safin, played under control in beating Roberta Vinci of Italy 6-4, 6-3.
On the men's side, fourth-seeded Ferrer beat Andreas Beck of Germany 4-6, 7-5, 6-3, 7-6 (5), sixth-seeded Murray defeated Michael Llodra of France 6-4, 1-6, 7-5, 7-6 (7) and Argentine teenager Juan Martin del Potro notched his 21st straight win, beating Thomaz Bellucci of Brazil 4-6, 6-1, 7-5, 6-3.
*AP
TOP%2010%20MOST%20POLLUTED%20CITIES
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Specs
Engine: Electric motor generating 54.2kWh (Cooper SE and Aceman SE), 64.6kW (Countryman All4 SE)
Power: 218hp (Cooper and Aceman), 313hp (Countryman)
Torque: 330Nm (Cooper and Aceman), 494Nm (Countryman)
On sale: Now
Price: From Dh158,000 (Cooper), Dh168,000 (Aceman), Dh132,000 (Countryman)
RESULTS
1.45pm: Maiden Dh75,000 1,400m
Winner: Dirilis Ertugrul, Fabrice Veron (jockey), Ismail Mohammed (trainer)
2.15pm: Handicap Dh90,000 1,400m
Winner: Kidd Malibu, Sandro Paiva, Musabah Al Muhairi
2.45pm: Maiden Dh75,000 1,000m
Winner: Raakezz, Tadhg O’Shea, Nicholas Bachalard
3.15pm: Handicap Dh105,000 1,200m
Winner: Au Couer, Sean Kirrane, Satish Seemar
3.45pm: Maiden Dh75,000 1,600m
Winner: Rayig, Pat Dobbs, Doug Watson
4.15pm: Handicap Dh105,000 1,600m
Winner: Chiefdom, Royston Ffrench, Salem bin Ghadayer
4.45pm: Handicap Dh80,000 1,800m
Winner: King’s Shadow, Richard Mullen, Satish Seemar
The specS: 2018 Toyota Camry
Price: base / as tested: Dh91,000 / Dh114,000
Engine: 3.5-litre V6
Gearbox: Eight-speed automatic
Power: 298hp @ 6,600rpm
Torque: 356Nm @ 4,700rpm
Fuel economy, combined: 7.0L / 100km
Last-16
France 4
Griezmann (13' pen), Pavard (57'), Mbappe (64', 68')
Argentina 3
Di Maria (41'), Mercado (48'), Aguero (90 3')
Europe’s rearming plan
- Suspend strict budget rules to allow member countries to step up defence spending
- Create new "instrument" providing €150 billion of loans to member countries for defence investment
- Use the existing EU budget to direct more funds towards defence-related investment
- Engage the bloc's European Investment Bank to drop limits on lending to defence firms
- Create a savings and investments union to help companies access capital
What are NFTs?
Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.
You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”
However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.
This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”
This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.
How to keep control of your emotions
If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.
Greed
Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.
Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.
Fear
The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.
Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.
Hope
While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.
Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.
Frustration
Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.
Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.
Boredom
Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.
Tip: Open an online demo account and get your thrills without risking real money.
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MATCH INFO
Championship play-offs, second legs:
Aston Villa 0
Middlesbrough 0
(Aston Villa advance 1-0 on aggregate)
Fulham 2
Sessegnon (47'), Odoi (66')
Derby County 0
(Fulham advance 2-1 on aggregate)
Final
Saturday, May 26, Wembley. Kick off 8pm (UAE)
How will Gen Alpha invest?
Mark Chahwan, co-founder and chief executive of robo-advisory firm Sarwa, forecasts that Generation Alpha (born between 2010 and 2024) will start investing in their teenage years and therefore benefit from compound interest.
“Technology and education should be the main drivers to make this happen, whether it’s investing in a few clicks or their schools/parents stepping up their personal finance education skills,” he adds.
Mr Chahwan says younger generations have a higher capacity to take on risk, but for some their appetite can be more cautious because they are investing for the first time. “Schools still do not teach personal finance and stock market investing, so a lot of the learning journey can feel daunting and intimidating,” he says.
He advises millennials to not always start with an aggressive portfolio even if they can afford to take risks. “We always advise to work your way up to your risk capacity, that way you experience volatility and get used to it. Given the higher risk capacity for the younger generations, stocks are a favourite,” says Mr Chahwan.
Highlighting the role technology has played in encouraging millennials and Gen Z to invest, he says: “They were often excluded, but with lower account minimums ... a customer with $1,000 [Dh3,672] in their account has their money working for them just as hard as the portfolio of a high get-worth individual.”
Traces%20of%20Enayat
%3Cp%3E%3Cstrong%3EAuthor%3A%3C%2Fstrong%3E%20Iman%20Mersal%3Cbr%3E%3Cstrong%3EPublisher%3A%3C%2Fstrong%3E%20And%20Other%20Stories%3Cbr%3E%3Cstrong%3EPages%3A%3C%2Fstrong%3E%20240%3C%2Fp%3E%0A
Fixtures
Opening day Premier League fixtures for August 9-11
August 9
Liverpool v Norwich 11pm
August 10
West Ham v Man City 3.30pm
Bournemouth v Sheffield Utd 6pm
Burnley v Southampton 6pm
C Palace v Everton 6pm
Leicester v Wolves 6pm
Watford v Brighton 6pm
Tottenham v Aston Villa 8.30pm
August 11
Newcastle v Arsenal 5pm
Man United v Chelsea 7.30pm
