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8/5
00:56
New York copper futures prices are near historical highs, as investors await a US tariff decision while monitoring progress in reopening the Strait of Hormuz, which has boosted demand for risk assets.
00:39
The Reserve Bank of India (RBI) held its benchmark interest rate at 5.25% for the fifth time in a row, even as the country's retail inflation has surpassed the central bank's medium-term target of 4%. India's consumer inflation reached an 18-month high of 4.38% in June, driven by surging oil prices. Economists polled by Reuters had largely anticipated the decision to keep rates unchanged.
00:39
Cathay Pacific recorded its second-highest first-half earnings in history, marking its best 1st-half profit since 2010, driven by strong passenger and cargo demand despite the Iran war's impact on fuel costs.
00:36
Bitcoin (BTC) traded just above $64,000, showing little change on the day and remaining roughly flat over the past seven days. Ether (ETH) slipped to $1,864, down 2% on the week, making it the only major cryptocurrency in the red. Meanwhile, global equities, including the MSCI All Country World Index, continued to reach fresh records driven by renewed enthusiasm for AI-related stocks, with SK 海力士 (Hynix) rising 6.4% and 英伟达 (Nvidia) adding over 2% after hours. Brent crude fell 1.1% to approximately $78.50 a barrel following reports that Washington, Tehran和阿曼 (Oman) are close to an agreement to reopen the Strait of Hormuz.
00:23
Indonesia's economy grew at a slower pace of 5.29% in the second quarter, official data showed, mainly due to reduced household spending caused by a lack of Islamic holidays and the increasing impact of the Iran war. Despite weak consumer confidence, the government remains optimistic about its full-year economic growth forecast.
00:16
Bybit's Austrian payments subsidiary gained regulatory approval to develop card, merchant, open-banking and person-to-person payment services.
8/4
23:58
Mitsubishi UBE Cement Corp. plans to list on the Tokyo Stock Exchange in December, according to people familiar with the matter. The company was formed five years ago by units of Japanese materials companies.
23:54
Israeli Finance Minister Bezalel Smotrich announced that the government steering committee has approved an allocation of 113 million shekels (approximately $37 million) to assert control over more than 70 historical sites in the West Bank. This move aims to accelerate Israel's control over these locations and designate them as Jewish heritage sites, thereby expanding state control over Palestinian property and territory. On the same day, the Israeli Knesset's Finance Committee also approved nearly 300 million shekels (approximately $99 million) in direct allocations and commitments for the Ministry of Settlement Affairs. International law considers Israeli settlements illegal.
23:51
The slowdown in new account openings and leveraged trading in mainland China's stock market during July is attributed to a global artificial intelligence-linked sell-off, which dampened investor appetite after a positive first half for technology shares. The cumulative tally for new A-share accounts from January to July reached 22.82 million.
23:44
Wall Street Insights analysis points out that after the Japanese Yen intervention shakeout, the DXY has returned to the 100 mark. Currently, based on FX option positions, the US-non-US interest rate differential, and the market pricing in a 64% chance of a Federal Reserve rate hike in September, the US dollar exchange rate is at a neutral level, a delicate middle ground. Although analysts are not optimistic about a stronger dollar in the second half of the year, they believe that the DXY lacks downward momentum in the short term and may even see a limited rebound. This is primarily due to the resilience shown in US economic data for July (such as the ISM Manufacturing PMI hitting a nearly four-year high and low jobless claims), as well as the Federal Reserve's incentive to release hawkish messages at the Jackson Hole annual meeting in late August to maintain credibility.
23:38
In his latest report, Peter Oppenheimer, Chief Global Equity Strategist at Goldman Sachs, pointed out that global equity markets are undergoing a healthy normalization process, with market returns synchronously spreading across geographical and industry dimensions, and the value of diversified allocation significantly recovering. Since early 2025, this "great diffusion" trend has accelerated significantly, with the US stock market performing relatively weaker, while Japan, Asia-Pacific, and emerging markets have recorded strong gains in local currency terms. The report emphasized that the massive capital expenditures of mega-cap tech stocks are eroding their free cash flow yields, leading to a downward revaluation of the tech sector, while boosting the growth prospects and valuations of traditional industries such as industrials. Goldman Sachs believes that this market rotation is driven by earnings fundamentals, rather than valuation expansion or declining interest rates, and investors' opportunities to obtain returns from truly diversified allocations are increasing.
23:28
In its Asia Tech Strategy report published on August 5, JPMorgan Chase noted that despite the recent cumulative decline of 25% to 30% in Asian tech stocks and the Philadelphia Semiconductor Index, there are no signs of a substantial weakening in fundamentals. The bank believes that the market's implied EPS downgrades or capital expenditure reduction expectations are contrary to the actual trend, and explicitly stated that EPS expectations will continue to be revised upwards in the coming quarters. The report predicts that the combined capital expenditure of the seven hyperscale cloud service providers, including Amazon, Microsoft, and Google, is expected to increase by 103% year-on-year to approximately $901 billion in 2026, and further grow by 65% to approximately $1.49 trillion in 2027. The bank emphasized that the AI scaling law remains intact, hashrate demand is accelerating, public cloud revenue is growing strongly, and there is no inventory build-up of key AI components. JPMorgan Chase recommends buying Asian tech stocks, believing that valuations have become reasonable, and is optimistic about the semiconductor equipment and IC substrate sectors, but remains relatively cautious on the memory sector.
22:53
Sources say Chinese AI agent unicorn Lovart (under Evoken) is considering an initial public offering (IPO) in Hong Kong, hoping to capitalize on the growing investor demand for artificial intelligence tools. This follows the breakthrough success of Manus.

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