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9/1
23:02
Global economic concerns resurface, with copper prices falling below $14,200/ton for the second consecutive day.
Copper prices fell for a second day, along with other metals, after a surge in oil prices sparked concerns about the global economic outlook. Three-month copper on the London Metal Exchange fell below $14,200 a ton, after hitting a record close last week. Crude oil prices rose for a third day after the US attacked Iranian targets, and Iran subsequently carried out retaliatory strikes on Jordan, Bahrain, and Kuwait, with the conflicts complicating the reopening of the Strait of Hormuz.
22:54
House Speaker Johnson says some Iranians' religion allows lying, defends war against Iran
U.S. House Speaker Mike Johnson stated on Tuesday that lying is part of the religion for some Iranians, and defended former U.S. President Donald Trump's war against Iran. Johnson called Iranians untrustworthy and inconsistent in their words and actions, praising Trump for his "steady hand at the helm." He reiterated that a war with Iran was necessary because Iran was close to acquiring nuclear weapons, and believed that NATO allies and Arab nations would assist in ensuring the stability of the Strait of Hormuz.
22:54
Woori Financial Group Chairman Lim Jong-ryong purchased 5,000 shares of the company's stock on August 24.
Woori Financial Group announced on Wednesday that 56 executives, including Chairman Lim Jong-ryong, purchased company shares to align with the group's expansion into non-banking businesses and the integration of its two life insurance subsidiaries. Lim Jong-ryong acquired 5,000 shares on August 24, shortly after the group completed its acquisition of Tongyang Life Insurance and announced plans to merge it with ABL Life Insurance.
22:53
Donald Trump posted that he is winning the war with Iran, calling to "stick to the plan."
22:52
Trump denies trying to force Iran to negotiate, claims "almost total control" of Hormuz Strait and collapsing Iranian economy
Former U.S. President Donald Trump stated on Truth Social that he is not attempting to compel Iran to the bargaining table, contrary to ABC News reports. He added that he is indifferent to Iran signing a "worthless" agreement, preferring the current U.S. position with "almost total control" of the Hormuz Strait and Iran's economy "totally collapsing." Trump also questioned when the Iranian people would "rise up and fight."
22:48
BOJ chief Ueda says rate hikes on table at every meeting, including this month's
Bank of Japan Governor Kazuo Ueda said on Tuesday that the central bank will consider a rate hike at every policy meeting, including the one scheduled for September 17-18. Ueda added that the 10-year JGB yield's 30-year high reflects a global rise in rates.
22:43
Korea Exchange (KRX) Chairman Jeong Eun-bo met with CalPERS CIO Stephen Gilmore to promote investment in South Korea's capital markets.
22:41
Indian Rupee Rally Gets Boost From Bullish Charts and RBI’s Reserve Ammo, Breaking Key Resistance
The Indian rupee has been strengthening against the dollar in recent weeks, breaking above a key trendline on Tuesday and opening the way toward 94 per dollar. The rally is underpinned by the Reserve Bank of India's (RBI) stronger foreign-exchange reserve buffer, which provides more ammunition to intervene and support the currency. However, rising oil prices and global bond yields may pose challenges for the currency.
22:38
South Korean President Lee Jae-myung: Expanding the economic pie should be prioritized over welfare at this time.
South Korean President Lee Jae-myung stated on Wednesday that pursuing economic growth and welfare expansion simultaneously is currently unrealistic, emphasizing that expanding the economic pie should take precedence over welfare. He posted on platform X, uploading a media column that argued the government's budget proposal for next year was relatively insufficient in "distribution" spending. Lee Jae-myung asserted that growth must never be sacrificed for the sake of expanding welfare.
22:38
Hong Kong activist Joshua Wong pleads guilty to foreign collusion
22:38
South Korean AI startup Wrtn Technologies begins IPO preparations, targeting 2028 market debut
South Korean AI startup Wrtn Technologies has begun preparations for an initial public offering, seeking capital to accelerate its overseas expansion after rapid growth in North America. The company sent requests for proposals to major Korean securities firms on Tuesday to select lead underwriters and plans to appoint IPO advisers this month. This follows a 100 billion won ($73 million) Series B funding round.
22:24
Unitree Robotics' stock price plunged 50% from its intraday high, marking one of the largest declines for a new listing on Shanghai's STAR Market.
Unitree Robotics' stock price fell to 546.51 yuan on Wednesday, down over 50% from its intraday high of 1,100 yuan on its debut day. The company's shares surged as much as 629% when it debuted on Shanghai's STAR Market last month, with its market capitalization once exceeding 340 billion yuan ($51 billion).
22:23
NZD/USD fell 0.8% intraday, now trading at 0.5847.
22:22
Nikkei Asia: Indonesia's disregard for technocrats erodes confidence and weakens rupiah
22:05
China Approves Brain-Tech Devices to Treat Paraplegia, Alzheimer’s, Aiming to Surpass Elon Musk
China’s health regulators have granted approvals for a string of brain-technology products this year. These devices, which allow patients to control digital devices using thought alone, are designed to transform the treatment of conditions ranging from paraplegia to Alzheimer’s and depression. The move is part of Beijing's broader effort to lead the world in brain-computer interfaces, offering generous policy support to help domestic firms compete with overseas players such as Elon Musk’s ventures.
22:01
The Shanghai Composite Index fell 1.05% today, now at 3,938.23.
22:00
MongoDB's Q2 revenue reached $772 million, a 30.5% year-over-year increase, with adjusted EPS of $1.90, exceeding expectations by 19%. However, the stock price still fell nearly 14% in after-hours trading.
MongoDB, a U.S. fundamental software company, announced its second-quarter fiscal year 2027 earnings report for the period ending July 31. Both revenue and adjusted earnings per share significantly exceeded market expectations. However, the stock plunged nearly 14% in after-hours trading on September 1, primarily because it had already surged approximately 26.7% in the preceding month. The market holds a cautious view on the growth prospects of high-valuation software stocks, and there remains debate over the growth outlook for its core cloud database platform, Atlas.
22:00
On September 2nd, the ChiNext Index fell over 2%, and the Hang Seng Tech Index dropped over 1%. Commodity futures generally rose, with crude oil and the Container Freight Index surging over 9%.
A-shares opened lower and continued to fall this morning, with the Shanghai Composite Index down 0.68%, the Shenzhen Component Index down 1.38%, and the ChiNext Index once falling over 2%, currently down 1.78%. Fiberglass and oil & gas exploration concept stocks were active, while non-ferrous metals, agriculture, communication equipment, hashrate hardware, and chip stocks generally declined. Hong Kong's Hang Seng Index fell 0.74%, and the Hang Seng Tech Index fell 1.32%, with tech, chip, and AI large model stocks all undergoing adjustments. Most domestic commodity futures rose, with crude oil and container freight index surging over 9% due to escalating geopolitical tensions, fuel oil up 6%, and treasury futures falling across the board.
22:00
Dell's Q2 revenue surged 58% year-over-year to $47 billion, with AI server backlog reaching $95 billion. The company significantly raised its full-year guidance, and its COO stated, "What we're short on is DRAM, DRAM, DRAM!"
Dell announced its second-quarter fiscal year 2027 results for the period ending July 31, with revenue reaching $47 billion, a 58% year-over-year increase, surpassing market expectations. Non-GAAP earnings per share were $7.04, up 203% year-over-year. The company raised its full-year revenue guidance by $25 billion to a midpoint of $192 billion, representing an approximate 70% year-over-year increase. As of the end of Q2, Dell's AI server backlog orders reached $95 billion. Vice Chairman and Chief Operating Officer Jeff Clarke emphasized on the conference call that the primary supply chain constraint is DRAM, followed by NAND.
21:59
AI programming unicorn Cognition is reportedly close to finalizing a new funding round of nearly $1 billion, pushing its valuation to $47 billion.
Cognition AI Inc.'s valuation has reportedly surged by nearly 81% in just three months, jumping from $26 billion to approximately $47 billion, according to sources familiar with the matter. This funding round attracted close to $10 billion in investor interest, significantly exceeding the available supply. The company's annualized revenue has more than doubled to over $900 million, up from $492 million at the end of May this year, providing strong support for the substantial increase in valuation. The acquisition of Cursor by competitor SpaceX for $60 billion in August also served as a valuation benchmark for the AI programming tools sector, further stimulating investor interest.
21:51
Australia posts second-quarter growth of 2.1%, beating expectations
Australia's economy expanded by 2.1% year on year in the second quarter, exceeding Reuters polled economists' estimate of 1.8%. This stronger-than-expected GDP print may allow the Reserve Bank of Australia (RBA) room to continue its policy tightening efforts to curb inflation, which stood at 3.5% in July, above the 3.3% forecast.
21:41
IAEA confirms Syria built nuclear reactor under al-Assad, failed to report facilities and 73 tonnes of uranium
The International Atomic Energy Agency (IAEA) confirmed in a confidential report seen on Tuesday that Syria built a nuclear reactor in Deir Az Zor under former President Bashar al-Assad, and failed to report nuclear material, facilities, and activities. The agency found around 73 tonnes of natural uranium metal during visits to several sites in Syria in August.
21:41
US launches new strikes on Iran's southern coast near Strait of Hormuz; Iran retaliates by targeting US bases in Jordan, with Washington denying casualties
21:38
Kazakhstan's Kaspi expands Turkey digital offerings after bank deal
Kazakh superapp Kaspi.kz is expanding its reach in Turkey after recently acquiring a Rabobank unit, offering shopping loans on its local e-commerce site Hepsiburada and looking to add fintech services next year.
21:35
US urges G20 nations to adopt looser AI regulation, while EU initiates compliance checks on over 30 AI companies
At a G20 “innovation” meeting hosted by the US in Chapel Hill, North Carolina, on Tuesday, US President Donald Trump's tech adviser Michael Kratsios advocated for the “Carolina Principles,” which promote regulations that do not single out specific technologies. Trump's overall approach aims to make the US the world leader in AI by slashing regulations. Tesla CEO Elon Musk and Meta CEO Mark Zuckerberg also argued for fewer constraints on AI expansion, with Musk criticizing European policies as generally making new things “default illegal.”

Concurrently, the European Commission confirmed it sent information requests to over 30 AI companies worldwide, a preliminary step towards formal investigations into compliance with the bloc’s AI Act. These requests, announced by Commission Vice President Henna Virkkunen, focus on safety and copyright compliance, with Brussels ready to enforce the Act’
21:32
South Korea's central bank expects September inflation to ease but underlying price pressures to persist
South Korea's central bank expects September inflation to ease from the previous month as a base effect fades, but underlying price pressures will likely persist, particularly in core items. Deputy Governor Lee Ji-ho noted that the consumer price index in August rose at a faster rate than July due to a base effect from a telecommunications company's discount programs last year.
21:11
The Wall Street Journal: Bond Market Gives World Leaders a "Failing Grade"
The Wall Street Journal analysis points out that this week's G20 summit failed to propose solutions to end deficits, inflation, and geopolitical turmoil, factors that are stirring investor sentiment and leading to bond market disappointment in the performance of world leaders.
21:09
Al Jazeera: US attacks Iranian port city of Sirik, killing at least 4, wedding party hit
21:06
US Treasury Secretary Scott Bessent: Expect interest rates to fall after the Iran conflict, AI investments could bring strong disinflationary effects within the next six months.
US Treasury Secretary Scott Bessent stated that he expects interest rates to fall once the conflict with Iran concludes. He also noted that current AI investments could have a strong disinflationary effect, with results becoming apparent within the next six months. Bessent emphasized that the US economy is currently very strong and accelerating, even amidst the conflict with Iran.
21:00
Coinbase Onramp service experiencing degraded performance

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