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9/28
11:32
China's Geely to acquire 30% stake in Nio's battery swapping unit Nio Power
Chinese automaker Geely will use cash and its own battery-swapping assets to acquire a 30% stake in peer Nio's battery-swapping unit Nio Power, deepening their partnership to gain an edge in the crowded EV market.
11:32
SCMP Business Advertising Partner Recommends Investors Strategically Allocate to Asian Fixed Income
The article points out that amid high global market uncertainty, persistent inflation, an unclear monetary policy path, and geopolitical tensions, the Asian fixed income market offers investors a good opportunity for diversification due to its strong macroeconomic fundamentals, accelerated AI development, supply chain restructuring, and relatively attractive yields. Among these, Hong Kong dollar bonds play a unique defensive role.
11:32
Vietnam's PNJ forecasts $241 million loss, slashes revenue target after diamond scandal
Phu Nhuan Jewelry JSC, Vietnam’s largest listed jewelry retailer, plans to slash its 2026 revenue target and forecasts a 6.27 trillion dong ($241 million) loss. This follows a diamond-smuggling scandal, for which the company is setting aside a huge provision for customer buybacks.
11:32
White House: China and the United States will consider reciprocal tariff reductions on products on the "30-FOR-30" list.
The White House stated that the United States and China will consider reciprocal tariff relief for American and Chinese products on the "30-FOR-30" list.
11:31
Indonesian tech giant GoTo Group's shares plummeted after the country's stock exchange removed its 50 rupiah price floor.
Shares of Indonesia's GoTo Group plummeted after the country's stock exchange removed its 50 rupiah price floor, unleashing pent-up selling pressure from investors previously unable to exit due to the mandatory minimum price.
11:31
Lookonchain: Whales begin dumping $HYPE, with address 0xc745 depositing $16.08M into OKX and Bybit, and a Hypersphere Ventures-linked wallet selling $5.78M for a $2.13M profit.
11:31
Nifty Nears Oversold Zone After Longest Weekly Losing Streak in Over Six Years
11:31
Alibaba Cloud's Huo Jia: Enterprises should first eliminate "pseudo-scenarios" for AI application implementation; this year marks the first year of AI application implementation.
During the Apsara Conference, Huo Jia, Vice President of Alibaba Cloud Intelligence Group, stated that this year marks the true first year of AI application adoption, four years after large models began to be genuinely implemented. He pointed out that the main reasons for enterprise AI project failures are not due to models being insufficiently intelligent, but rather incorrect scenario selection, overestimating their own data, or continuing to use traditional IT project methodologies. Huo Jia believes that enterprises should first "cut a batch of pseudo-scenarios" for AI implementation and suggested saying "no" to clients while deploying engineers to client sites. He also mentioned that the explosion in token consumption and price increases signal the start of the AI application race, emphasizing that business models should shift towards "results as a service" or long-term service contracts, rather than traditional man-day billing.
11:30
U.S. and Chinese leaders reached a consensus on limiting Iran's nuclear weapons capabilities and agreed to maintain freedom of navigation in international waterways.
The presidents of China and the United States reached a consensus during their meeting on limiting Iran's nuclear weapons capabilities and agreed "not to allow any country or institution to levy tolls on international waterways." Additionally, both leaders plan to attend the APEC meeting in Shenzhen in November and the G20 summit in Miami in December.
11:30
China and the United States have agreed to cut tariffs on $30 billion worth of goods, and China's Ministry of Commerce stated that it will purchase U.S. coal.
China's Ministry of Commerce announced on Monday that China and the United States have officially finalized plans for trade and investment committees and agreed to cut tariffs on $30 billion worth of goods. China will purchase U.S. coal, with the U.S. stating a minimum of 10 million tons annually, and plans to make purchases in 2027 and 2028. Additionally, both sides will establish working groups to discuss agricultural trade, and industry dialogues are set to commence by the end of 2026.
11:30
Global Funds End Underweight Position on China After Four Years, Drawn by AI Prospects and Favorable Valuations
11:30
Three new cross-market index ETFs debut on Hong Kong stock exchange, marking first batch in SAR
Three new exchange-traded funds (ETFs) that track cross-market indices debuted on the Hong Kong stock exchange on Monday, marking the first batch of such products being listed in the SAR. These include the HKEX Tech & US Tech 100 Index ETF, the HKEX Bursa Malaysia Large Cap Index ETF, and the HKEX KRX Semiconductor Index ETF. HKEX CEO Bonnie Chan stated this is a significant milestone for their index business, broadening investment tools available to investors.
11:29
OKX to list XDP/USDT (Doppler Finance) for spot trading, with trading opening at 13:00 UTC
OKX will open XDP deposits at 03:00 UTC, followed by XDP/USDT pre-open from 12:00 to 13:00 UTC, and spot trading at 13:00 UTC on September 28, 2026. XDP withdrawals will open at 15:00 UTC. Doppler Finance is building infrastructure for tokenized capital markets across yield, collateral utility, and tokenized real-world assets.
11:29
U.S. lawmakers from both parties have proposed banning federal government systems from using Chinese AI components, putting pressure on mainland Chinese stocks, which fell, while Hong Kong stocks rose against the trend.
Chinese mainland stocks opened lower on Monday, pressured by news that bipartisan U.S. lawmakers introduced legislation to ban the use of China-made AI data center data transfer components in federal government systems. The Shanghai Composite Index opened down nearly 0.26% to 3,878 points, and the ChiNext fell 0.65% to 3,267 points. Hong Kong stocks, however, rose against the trend, with the Hang Seng Index opening up 0.18% to 24,554 points.
11:29
Kazakhstan's oil producers are exploring new Caspian Sea transport routes to bypass Russia.
The move aims to circumvent risks posed by Ukrainian drone attacks on Black Sea terminals and oil tankers this year, with feasibility studies currently underway for either an underwater pipeline or an expanded tanker fleet.
11:28
LG Chem and Volkswagen Group partner to develop advanced automotive materials
LG Chem announced Monday it has partnered with Volkswagen Group to jointly develop next-generation and environmentally friendly materials for future mobility. The two companies recently signed a memorandum of understanding in Seoul to collaborate on weight reduction, performance improvements, and the development of next-generation plastic and composite materials based on LG Chem’s acrylonitrile butadiene styrene (ABS) and engineering plastics.
11:28
Copper Slides as China Industrial Data Weighs on Demand Outlook
Copper and other base metals retreated ahead of a weeklong holiday in China, as traders assessed the country’s demand outlook following slower growth in industrial profits.
11:28
Profits of China's industrial enterprises above designated size increased by 15.7% year-on-year from January to August.
Data from China's National Bureau of Statistics shows that from January to August 2026, the total profits of industrial enterprises above designated size nationwide reached 5,271.98 billion yuan, a year-on-year increase of 15.7%. Among them, profits of state-controlled enterprises increased by 10.3%, share-holding enterprises by 20.4%, foreign-invested and Hong Kong, Macao, and Taiwan-invested enterprises by 2.3%, and private enterprises by 10.4%. Profits in the mining industry increased by 35.1%, manufacturing by 17.4%, while electricity, heat, gas, and water production and supply decreased by 12.0%.
11:28
Hong Kong SFC and Accounting and Financial Reporting Council Sign New MOU to Expand Regulatory Cooperation to Financial Reporting of Licensed Corporations and Funds
10:59
CC (Canton) surged 6.26% in 4 hours, now trading at $0.14445.
10:30
The Shanghai Composite Index fell 1.55% today, now at 3,828.11.
09:55
The Shanghai Composite Index fell 1.01% today, now at 3,849.11.
09:35
Samsung Electronics fell 4.03% today, now trading at ₩274,000.
09:35
Northern Star, an Australian gold miner, saw its shares surge over 9% after rejecting a $27 billion takeover proposal from South Africa's Gold Fields.
Northern Star Resources on Monday said it rejected a A$27 billion acquisition proposal from South Africa's Gold Fields, sending its shares up more than 9% as it deemed the offer undervalued the company. Gold Fields proposed to acquire 100% of Northern Star shares in a scrip-and-cash deal, where each Northern Star share would receive 0.3125 Gold Fields shares and A$7.25 in cash. The proposal, received on September 14, initially valued Northern Star at A$38.7 billion (approximately US$27.15 billion), representing a 22% premium to its closing price on September 11. Northern Star's board unanimously concluded that the proposal "significantly undervalued" the company and was "highly opportunistic," and informed Gold Fields last Friday that it was not appropriate to engage in further discussions.
09:35
JPMorgan Chase rates Meta's personal AI agent, Muse, as the top AI agent currently available.
JPMorgan Chase ranked Meta Muse first in its latest Assistant Benchmark evaluation, surpassing several competitors, including OpenAI's products. Muse can perform multi-step tasks on behalf of users and continue processing tasks in the background.
09:35
OpenAI is expected to launch a ChatGPT Pro Max subscription tier at its Dev Day on Tuesday, with a monthly fee of up to $500.
The premium subscription, reportedly powered by Cerebras' wafer-scale engine, is designed for professional users with extremely high demands for response speed and performance, offering an ultra-fast response experience.
09:34
Bank SMBC Indonesia to leverage digital bank Jenius for wealth management growth
The subsidiary of Japan's Sumitomo Mitsui Financial Group (SMFG) plans to expand its wealth management business, an increasingly important part of its growth strategy in Southeast Asia's largest economy, following the sale of its pensions business last month.
09:32
Lookonchain: A whale transferred 4,500 BTC ($378.79M) after over 4 years of inactivity.
09:32
Seoul demands apology from Kyiv over North Korea POW disclosure
South Korea accused Ukraine of violating a confidentiality agreement regarding the transfer of North Korean prisoners of war to South Korea. Ukraine had initially requested confidentiality due to the sensitivity of the transfer, and South Korea had agreed.
09:32
Iranian Foreign Minister Araghchi stated that the country is prepared for a renewed conflict with the United States but has not abandoned diplomatic channels; mediator Qatari Prime Minister described the conflict as "increasingly difficult to resolve."
Iran's Foreign Minister Araghchi stated that Iran is prepared for a renewed conflict with the United States but has not abandoned diplomatic engagement, according to Xinhua News Agency citing Iranian media reports on the 27th. He emphasized that Iran is fully ready for a resumption of hostilities, while also being prepared for diplomatic engagement, depending on the choice of US President Donald Trump. Previously, Donald Trump had rejected Iran's peace proposal. Qatari Prime Minister Mohammed bin Abdulrahman Al Thani, a mediator, admitted in an interview with Bloomberg Television on the 27th that the conflict is "increasingly difficult to resolve" and currently lacks a clear primary strategy to end it.

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