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9/10
01:02
The South China Morning Post's analysis indicates that while state-backed "national team" buying provides a floor for mainland Chinese equities, Hong Kong investors are concerned about navigating high market volatility during a sensitive period. Factors fueling these concerns include geopolitical tensions, weak corporate earnings growth, underperformance in AI-related trades, potential monetary policy tightening by the US, and supply overhang pressure from an impending wave of expiring stock lock-ups. Furthermore, the renewed outbreak of military conflict in the Middle East has exacerbated investor unease.
00:59
BBC Verify analysis of Ukrainian Air Force data found that Russia used its new rapid, jet-powered drones every day throughout August, marking the first time such daily attacks were recorded. These upgraded Geran drones can travel at over 300mph, making them significantly faster than older models and beyond the top speed of Kyiv's interceptors. Ukraine's military reported a surge in jet-powered drone attacks from 350 in June to 2,800 in August. In response, four Ukrainian companies have reportedly begun testing missiles capable of shooting down the new Geran models, with plans to produce thousands of units.
00:49
The Monetary Authority of Singapore (MAS) stated in a parliamentary reply that it requires banks to provide clear channels for customers to report unauthorized transactions and handle disputes fairly, including prompt investigations and not requiring customers to pay for disputed transactions pending outcome. MAS highlighted that payment card schemes protect customers, generally exempting them from liability for unauthorized transactions if merchants do not enable the 3-D Secure (3DS) protocol, in which case the merchant bears the loss. For unresolved disputes, customers can escalate to the Financial Industry Disputes Resolution Centre (FIDReC) for independent and affordable resolution without legal representation.
00:49
Singapore's Monetary Authority (MAS) Deputy Chairman Chee Hong Tat, responding to a parliamentary question on behalf of Chairman Gan Kim Yong, stated that the existing Shared Responsibility Framework is designed for phishing scams involving unauthorised transactions and is not suitable for scams involving self-effected transfers, such as investment scams. This comes as investment scams recorded the highest losses among scam types in the first half of 2026. MAS highlighted that combating such scams requires vigilance from all parties, including online messaging platforms, banks implementing cooling periods for high-risk activities, and individuals taking practical steps to protect themselves.
00:32
Business Leadership South Africa CEO Busi Mavuso stated that reforms are taking too long to translate into improvements on the ground, while companies continue to shoulder the cost of failing municipal services.
00:22
Matthew Tuttle, CEO of Tuttle Capital, expressed concerns about higher yields but anticipates the next wave of artificial intelligence (AI) trading if interest rates remain stable. He made these remarks while discussing the firm's ETF business during the KBFG Korea Conference in Seoul.
00:20
The International Monetary Fund (IMF) dropped LSE professor Ricardo Reis as a top candidate for its chief economist position after he stated that the US president’s trade war would hurt American consumers.
00:20
Financial Times analysis suggests that the concept of a 'win-win' era has concluded, with the sunny optimism of the post-Cold War phrase now seeming a quaint and distant memory in what are perceived as zero-sum times.
00:19
The hawkish comments follow pressure from US Treasury Secretary Scott Bessent and recent volatility in currency and bond markets.
9/9
23:45
Israeli Prime Minister Benjamin Netanyahu announced he will sue the Haaretz newspaper and its authors for a report published on Tuesday. The report claimed that UAE President Mohammed bin Zayed warned Netanyahu of Hamas's plans for an offensive 10 days before the October 7, 2023 attacks. Netanyahu called the report "fabricated" and "false" in a statement on X on Wednesday, denying any such phone call and stating his call logs show no trace of it. The UAE Ministry of Foreign Affairs declined to comment on the allegations, stating it does not comment on media speculation regarding conversations between government leaders. Netanyahu also claimed Palestinian political figure Muhammad Dahlan was responsible for the "false report," a claim Dahlan's representatives have rejected.
23:12
The Bank of Korea called for enhanced monitoring of overseas derivatives linked to South Korean chipmakers, noting their rapid growth could amplify domestic market volatility. The central bank cited leveraged bets by hedge fund Situational Awareness as a driver of recent fluctuations.
23:11
Samsung Electronics has won a lawsuit against the German city of Datteln over the procurement of 665 tablets for schools. The court ruled that Datteln must reopen the tender process and not exclusively focus on Apple devices, a decision that could have broader implications for Samsung in Germany.
23:09
Abu Dhabi sovereign wealth fund Mubadala Investment Company has reached an agreement to strategically invest in Luckin Coffee through its new fund vehicle. It will acquire 241.095 million shares of Luckin preferred stock held by two legacy funds under Luckin's controlling shareholder, Centurium Capital. The total transaction size is approximately $1 billion and does not involve Luckin issuing new shares for financing. Based on the $1 billion for preferred shares, the implied price per share is approximately $4.15, and the implied price per ADS is approximately $33.18. Mohamed Abdalla Al-Hajeri, Head of Asia for Mubadala Investment Company, stated that Mubadala remains optimistic about long-term investment opportunities in China's consumer sector and will leverage its long-standing partnership with Centurium Capital to support Luckin's continued growth in China and international markets.
23:05
Former U.S. President Donald Trump made this promise at the Republican midterm election rally in Dallas. MarketWatch noted that Trump had previously promised but failed to deliver tariff dividends last year. Currently, many analysts expect the Republican Party to face defeat in the November elections due to voter dissatisfaction with high prices.
23:04
The Asian Infrastructure Investment Bank (AIIB) is developing a new platform to pool capital from institutional investors, aiming to roughly quadruple the private capital it mobilises for infrastructure projects across Asia. The mechanism will allow insurers, pension funds, and other institutional investors to co-invest in infrastructure debt alongside the bank across its 111 member countries on a programmatic basis, rather than negotiating deal by deal.
22:55
Asian stocks retreated with Hong Kong's benchmark Hang Seng Index opening down 289 points, or 1.15%, at 24,985. Mainland China's Shanghai Composite Index fell 0.31%, Japan's Nikkei 225 opened 0.57% lower, and South Korea's Kospi was down 0.18%. Brent crude futures rose to $101.40 per barrel, having broken through the psychologically crucial $100 mark on Wednesday for the first time since July, driven by the widening Middle East conflict. Investors are awaiting US producer and consumer price inflation reports due later today and tomorrow, which will influence the Federal Reserve's monetary policy decisions.
22:51
UBS CEO Sergio Ermotti stated on Thursday that financial markets have become complacent over the past few years despite increasing geopolitical and economic risks. He pointed out that new problems are constantly emerging while old ones remain unresolved, and markets face multiple headwinds including energy and shipping risks from the wars in Iran and Ukraine, supply chain tensions due to US-China competition, and rising borrowing costs and persistent inflation. Ermotti expects major central banks, including the European Central Bank (ECB), the Federal Reserve, and the Bank of Japan (BOJ), to raise interest rates in the coming months, meaning rates will remain high for the foreseeable future.
22:38
John Flood, a partner in Goldman Sachs' FICC and Equities division, released a report on September 10 after completing a survey of Asian clients. He noted that after the sharp decline in momentum stocks in July, Asian investors generally hold a skeptical view towards AI trading. However, Goldman Sachs believes that the current market caution has exceeded levels supported by fundamentals. The report cited that Goldman Sachs' sentiment indicator has fallen to its lowest since March, Nasdaq 100 index futures short positions have risen by 35% since mid-June, and mutual funds are significantly underweight in AI-exposed stocks. Nevertheless, S&P 500 earnings per share are projected to grow by approximately 30% year-over-year in Q2 2026, with AI infrastructure companies seeing a 54% increase in earnings, indicating strong fundamentals. Flood believes that the upcoming IPO pipeline could serve as a catalyst for institutions and retail investors to re-enter the market actively.
22:33
Hardware wallet maker Trezor stated that its third-party email provider was compromised, allowing phishing emails to be sent from its official domain. Trezor warned users about an email titled 'Critical Security Alert: STM32 Entropy Vulnerability,' confirming it is a phishing attempt and advising against clicking any links. The company has since taken down the affected domain and is investigating the incident. Separately, Swiss bitcoin hardware wallet maker BitBox reported a similar phishing email circulating under its disguise on the same day. This incident follows a security breach last month at Trezor's shipping provider, ShipMonk, which exposed personal information of approximately 80,700 Trezor customers.

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