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8/30
23:58
The agreement, disclosed in draft IPO documents reviewed by The Wall Street Journal, deepens SB Energy's financial ties with the artificial-intelligence company, which previously invested in SB Energy, as it seeks to build out projects ahead of SB Energy's initial public offering.
23:49
According to LSEG data, S&P 500 component companies saw a 53% year-over-year surge in second-quarter earnings per share and nearly 16% revenue growth, marking the strongest pace since the fall of 2021. Analysis indicates that sustained growth in AI investments, one-time gains from tariff refunds, and resilient consumer spending supported by a rising stock market and high home prices were the primary drivers.
23:42
Shenzhen Longsys Electronics Co., Ltd. (Longsys) is seeking a listing in Hong Kong, aiming to raise up to HK$6.28 billion (approximately US$801 million) through the offering. According to the company's listing document released on Monday, the offering will provide approximately 26 million shares at a maximum price of HK$240.60 per share. If the over-allotment option is exercised, the fundraising scale could increase to US$1.06 billion, with an indicative market capitalization of up to US$24.9 billion. Longsys expects its shares to begin trading on September 8. This move follows a roughly 50% rise in the company's A-shares this year and continues the trend of Chinese AI supply chain companies going public.
23:22
Japan's benchmark bond yields touched a 30-year high on Monday, with the yen showing renewed signs of weakness, as markets interpreted U.S. Federal Reserve Chair Kevin Warsh's August 28 Jackson Hole remarks as leaving the door open for further interest rate hikes.
23:19
The U.S. launched its first attacks on Iran in a month, targeting sites on Larak Island. Iran retaliated by striking a base in Jordan housing U.S. troops. The U.S. stated that these missiles were shot down.
23:06
Palau President Surangel Whipps Jr. stated on Sunday that it would be "unfortunate" if Pacific countries fail to reach consensus on opposing a recent missile test launch by China during the annual regional leaders' meeting hosted in his country this week. At least four leaders will be absent from the forum.
23:06
The yield on China's 10-year government bond traded at 1.692% on Monday, approaching its lowest in a year after July economic figures trailed analysts' estimates. This divergence from the US bond market is expected to widen further, as Federal Reserve Chairman Kevin Warsh's hawkish tone at Jackson Hole and concerns about fiscal sustainability add headwinds for US Treasuries.
23:03
Maduro posted two photos on Sunday via social media X and Telegram, showing him in a grey tracksuit, making peace signs with both hands, and a caption stating "We remain steadfast." The photo timestamps indicate they were taken on June 25. Maduro has been held in a facility in Brooklyn, New York, since his abduction by US special forces in Caracas in January, facing charges of drug trafficking and illegal possession of firearms. This post comes just two days after Venezuela's interim president, Delcy Rodriguez, announced a historic oil deal with the United States, allowing the US to operate oil fields in Venezuela.
23:02
The Wall Street Journal reported on August 30 that the once-popular "momentum trading" strategy (buying rising stocks and shorting falling stocks) has fallen by over 9% since July 1, after a strong performance in the first half of the year. During the same period, the S&P 500 index rose by 2.8%, and the strategy is facing its largest quarterly underperformance in 25 years. Bank of America estimates that July was the second-worst month for momentum trading in nearly 40 years. Goldman Sachs data shows that the monthly underperformance of hedge funds' most-held stock basket relative to the S&P 500 in July was the largest in over 20 years. Biotechnology stock Moderna surged by approximately 150% due to positive news on its cancer vaccine, forcing many quantitative funds and hedge funds that were shorting the sector to cover their positions, becoming one of the triggers for this reversal.
22:44
The rebalancing of the MSCI index is expected to generate trading volumes several times higher than usual, posing the toughest test yet for India's new closing auction system. Market participants are concerned whether the system can absorb such a large volume without sharp price swings.
22:39
Jio Platforms, India's largest digital and telecom operator, has received regulatory approval to launch its initial public offering (IPO), expected to raise approximately $3.9 billion. The company is majority-owned by Indian billionaire Mukesh Ambani's Reliance Industries, which holds over 66%, while Meta Platforms' affiliate Jaadhu Holdings owns nearly 10%, and Google International holds 7.7%. According to the IPO filing, neither Meta nor Google will sell their stakes in the company. The IPO will offer up to 270 million shares, and the proceeds will be used to repay debt owed by its subsidiary, Reliance Jio Infocomm.
22:37
The Japanese trading house will launch a tender offer to acquire nearly 75 million Dentsu Soken shares at ¥2,880 each, valuing the deal at approximately ¥215.2 billion. The tender offer is expected to begin around early November and conclude by early December, ending Dentsu Soken's parent-subsidiary listing structure with Dentsu Group Inc.
22:35
Wang Fang and Sun Yuewen, analysts at Zhongtai Securities, released a research report on August 29, stating that the demand for AI inference tokens is expected to grow by over 300 times within two years, forcing data center interconnects to accelerate their evolution from copper cables to Near Package Optics (NPO) and Co-Packaged Optics (CPO). The main technical trend is to move the optoelectronic conversion position from the front panel to near the ASIC to reduce high-speed electrical signal transmission loss. The report cited Google data, which estimates its monthly processing volume to increase from 9.7 trillion in May 2024 to over 3,200 trillion in May 2026. Major tech companies are significantly increasing capital expenditures, with Google, Amazon, and Meta projected to have full-year capital expenditures of $195-205 billion, $220 billion, and $130 billion, respectively, in 2026. As technology iterates, the industry chain value will be reallocated from traditional pluggable optical modules to high-power CW lasers, FAU, high-density connectivity, and advanced packaging. However, actual performance realization still depends on customer design wins and mass delivery.
22:35
China's A-share market saw its three major indices fall further in early trading. As of the time of writing, the Shanghai Composite Index was down 0.37%, the Shenzhen Component Index fell 1.02%, and the ChiNext Index dropped 1.24%. Hong Kong's Hang Seng Index and Hang Seng Tech Index both fell over 1%, with major tech stocks generally declining. The real estate sector opened significantly higher after the CSRC announced supportive policies but then pulled back. Non-ferrous metals, photovoltaics, and biomedicine sectors entered a correction, while AI application and hashrate hardware stocks bucked the trend and remained active. Most domestic commodity futures rose, with crude oil up over 6% and coking coal up 5%.
22:35
Washington D.C. tightened restrictions on foreign-made advanced robotic systems and imported drones and their components in July and August, citing national security concerns. Among these, drone tariffs will take effect in September, with additional component tariffs to be implemented in 2027. Analysts suggest this move could lead to further fragmentation of the global robotics market. Chinese manufacturers dominate the global drone and humanoid robot sectors, accounting for 86% of global humanoid robot shipments in the first half of 2026.
21:50
The Thai government plans to tighten regulations on the gold trading industry, encompassing both online and physical gold transactions, to combat money laundering, fraud, and other financial crimes.
21:42
China's National Bureau of Statistics announced that the Manufacturing Purchasing Managers' Index (PMI) for August was 49.8%, an increase of 0.6 percentage points from the previous month, indicating an improvement in the economic climate. Concurrently, the Composite PMI Output Index rose by 0.2 percentage points to 49.5%, suggesting an overall recovery in the business activity of Chinese enterprises. The Non-Manufacturing Business Activity Index stood at 49.3%, unchanged from the previous month. A PMI above 50% reflects economic expansion, while a reading below 50% indicates economic contraction.
21:32
Goldman Sachs noted in its August 31 report that Tencent's Hunyuan Hy4 preview version was released earlier than analysts expected, with significant improvements in its coding and Agent capabilities, jumping to 6th place globally on the Code Arena WebDev leaderboard (Hy3 was 28th). The total number of model parameters increased to 770 billion, and the context length expanded to 1 million tokens. Goldman Sachs believes that the progress of Hunyuan Hy4 will be one of the key drivers for Tencent's stock price over the next 12 months, and views its unique "product + model closed-loop" strategy as the core path to establishing a differentiated competitive advantage in the AI Agent era.
21:22
According to Bloomberg, gold has risen by approximately 10% in August, poised for its largest monthly gain since January this year. However, compared to the frenzy at the beginning of the year, investors are notably calmer in the derivatives market this time, no longer blindly buying call options. Instead, they are turning to lower-cost spread strategies and exotic options, betting on continued gold price increases with more restrained expectations. The catalyst for this rally was US Treasury Secretary Scott Bessent's announcement of plans to "at least double" purchases of 10- to 30-year outstanding Treasury bonds, a move that pushed down the dollar and boosted gold. However, Federal Reserve Chairman Kevin Warsh reiterated his anti-inflation stance at the Jackson Hole meeting last Friday, fueling market expectations for interest rate hikes, which led to a subsequent pullback in gold. Bitcoin has also surged by 12% since August 19, briefly surpassing $80,000, with US-listed spot Bitcoin funds attracting over $2 billion in inflows during the same period.
21:22
A key shareholder of India’s Megha Engineering & Infrastructures Ltd. is seeking to raise about $700 million from global private credit investors to buy out his uncle’s stake in the company, in what would be one of the nation’s biggest deals this year.
21:21
In his latest report on August 31, Torsten Slok pointed out that if AI commercialization succeeds, trillions of dollars in revenue for tech companies will generate a large-scale deflationary effect, pushing down long-term interest rates. If the AI bubble bursts, the Nasdaq index could plummet by 50%, and investors would flock to U.S. Treasuries for safety, similarly driving long-term yields sharply lower. Slok emphasized that the next six months are a critical window for the market to form a judgment on the trajectory of AI development.
21:21
Salesforce CEO Marc Benioff revealed last week on an investor call that the company is allowing enterprise clients to choose their payment model for its AI product, Agentforce, including customized contracts, billing based on AI-driven sales revenue growth, or cost savings from automated customer service, according to an August 30 report by tech media outlet The Information. Benioff stated that customers want to purchase and price in different ways, reflecting the deep uncertainty in software pricing models in the age of AI. Companies like OpenAI and Sierra have also begun offering pay-per-task or outcome-based options. Salesforce's stock has risen approximately 23% since its earnings report last week.

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