Posts for September 2, 2026

ETNet's Hong Kong IPO calendar outlines a sequence of new listings scheduled from June 29 to September 9, 2026.

The lineup includes MOMENTA-W (06880), Xiaomi-backed robot maker Meika Man, Shein, and several other issuers, with offer prices, listing dates and board lot sizes disclosed.

One issuer, Yongkang Holdings (02523), is marked as having its listing postponed.

The calendar also identifies the sponsors, coordinators and bookrunners associated with each deal.

Galaxy researchers tracking the COLDCARD Wave 3 incident say the attacker has moved the stolen funds for the first time and converted some of them to ETH through THORChain’s cross-chain decentralized exchange.

ChainCatcher adds that this marks the first on-chain transfer from the original hacker addresses linked to Waves 1, 2, or 3.

The Polymarket submarket for Grand Theft Auto VI's first-week view count, labeled '20-22M', saw a notable move in the Yes option, climbing from 56.5% to 81% within roughly an hour—a 24.5-point increase.

ChainCatcher reported that Catcher Predict monitored the volatility surrounding the submarket.

The analysis note added that related breaking news could have contributed to the swing.

Jin10, citing Axios, reported that sources familiar with the matter said U.S. Middle East envoy Witkoff met with the UAE's national security adviser last weekend to discuss possible next steps regarding Iran.

According to Jin10, Broadcom's chief executive expects the company to maintain its operating margin even if shifts in product mix lead to a lower gross margin.

MongoDB chief executive CJ Desai said the company is seeing robust demand, and Atlas has posted 29% growth for the fifth straight quarter, with total Atlas dollars continuing to rise quarter over quarter, Bloomberg reported.

Desai made the remarks in an interview with Romaine Bostick and Sally Bakewell on The Close.

Wallstreetcn reports that, as of September 2, U.S. Central Command said forces had redirected 86 merchant ships as part of the maritime blockade against Iran. Three vessels were rendered unable to operate, and two ships were boarded for inspection.

According to Wallstreetcn, U.S. 10-year Treasury yields declined by 1 basis point to 4.7881% on Wednesday, September 2, after a V-shaped reversal around the ADP employment report released at 20:15 UTC+8. The session saw yields trading between 4.8162% and 4.7660% during the day.

The two-year note yield fell 2.48 basis points to 4.731%, briefly hitting a daily low of 4.3586% at 20:21 UTC+8.

The 30-year bond yield dropped 1.27 basis points to 5.2603%.

The 2/10-year yield spread rose 1.866 basis points to +41.080 basis points.

10-year TIPS yields were little changed at 2.4375%, while 2-year TIPS yields rose 0.17 basis points to 1.9244% and 30-year TIPS yields fell 1.43 basis points to 2.9864%.

Jin10 reported that the Sirik Province governor's office in Iran said the noises heard tonight in the Kuhestek Port area were the result of clearing unexploded U.S.-made munitions.

Crypto-focused political action committee Fairshake has assisted roughly 50 candidates in securing nominations as the U.S. primary cycle heads toward its conclusion.

The roster includes Democratic Representative Jake Auchincloss of Massachusetts, along with Republican contenders Barry Moore of Alabama, Andy Barr of Kentucky, Kevin Hern of Oklahoma, and Harriet Hageman of Wyoming.

According to ChainCatcher, the prediction markets Polymarket and Kalshi assign these candidates generally a greater than 94% likelihood of winning in November.

Fairshake spokesperson Geoff Vetter said the group has earmarked $122 million for the fall election.

ChainCatcher also notes a setback in Illinois, where Fairshake spent more than $10 million attempting to block Democrat Juliana Stratton from securing the nomination.

Separately, Fellowship PAC, backed by Cantor Fitzgerald and Anchorage Digital, has spent about $11 million, far below its previously stated $100 million target. The Digital Freedom Fund, financed with $21 million by the Winklevoss brothers, has not yet backed any specific candidates.

Argentina's Foreign Minister Pablo Quirno said on September 2 that Buenos Aires intends to use all available means to pursue sovereignty over the Falkland Islands, which Argentina calls the Malvinas.

He also indicated that President Javier Milei will address the issue in a nationwide televised speech on the night of September 3.

European equities declined as traders monitored higher oil prices and elevated government bond yields amid renewed fighting in the Middle East, Bloomberg reported.

The move reflected nerves about the inflation outlook.

The S&P 500 rose on Wednesday as markets tried to end a three-day losing streak. Jim Cramer of Investing Club cautioned that the rebound could be fragile if tensions in the Middle East reemerge, suggesting investors stay selective. He said the Investing Club is adding positions and deploying cash, with plans to initiate holdings in Kimberly-Clark and BNY Mellon, the latter formerly Bank of New York Mellon.

Nvidia shares rose 4% after Dell posted a stronger-than-expected quarter and raised its fiscal 2027 earnings outlook by more than 40%.

Broadcom is set to report earnings after the bell. Portfolio director Jeff Marks noted that investors will be looking for an uptick in guidance and more clarity on Broadcom's relationship with Alphabet in the wake of Alphabet's recent custom silicon deal with Marvell.

Citing Jin10, a report attributes the comment to U.S. Commerce Secretary Lutnick, who said Anthropic has realigned with the administration and is cooperating with the Trump administration.

Market participants who had hoped Senegal could avoid default are selling its near-term notes as they anticipate losses, Bloomberg reports.

The decline in the country’s short-dated bonds comes as investors expect the debt restructuring to entail losses for creditors.

The EU is tightening traceability requirements for Brazilian beef, a move Bloomberg says could limit shipments to Europe and threaten Brazil's premium market.

In remarks reported by CNBC, New York Fed President John Williams attributed the recent jump in Treasury yields to a robust economy rather than market dysfunction. In a CNBC Squawk Box interview, he said he is still reviewing incoming data and did not indicate whether another rate increase would be appropriate.

Williams said the move in the Treasury market is driven largely by the solid economy and its outlook, supported by sizable investment in AI, data centers, and technology.

He added that inflation expectations remain well anchored despite this year's rise in prices tied to tariffs and the Iran War.

Robinhood-listed token JINQIAN is reported to have a market capitalization above $7 million.

Odaily notes that JINQIAN is a pinyin transliteration of the Chinese word for money.

Wren House Infrastructure Management is nearing a deal to acquire GIC Pte.'s stake in a European data center joint venture, according to Bloomberg.

The terms of the transaction were not disclosed.

Shanghai Enflame Technology Co., backed by Tencent Holdings Ltd., attracted 4,073 times retail demand in its initial public offering, Bloomberg reported.

The listing positions Enflame as the final member of the group of four leading Chinese AI chipmakers to tap public markets.

China Shipbuilding on Sept. 2 announced that its controlling subsidiary Guangzhou Shipyard International and China Shipbuilding Trading signed a newbuilding contract on Sept. 1 with a prominent shipowner for ten LNG dual-fuel car carriers, each capable of carrying 8,200 vehicles.

The contract value exceeds $1 billion and will be settled in U.S. dollars, with deliveries anticipated between 2029 and 2031, according to Jiemian News.

China Shipbuilding noted that the extended contract horizon is not expected to materially affect current profit, but it could bolster the group's medium- to long-term market competitiveness and profitability.

J&T Global Express (01519) disclosed a series of shareholding changes in its latest filings. According to ETNet, JPMorgan reduced its equity stake through several on-market transactions at average prices ranging from HK$8.4292 to HK$10.6542.

The records show Boyu Capital Fund decreasing its holdings on multiple dates. SF Holding added 82,166 shares through an off-market trade on January 15, 2026, at an average price of HK$10.1.

The filing also lists multiple transactions by Lee Kit in both B and A share classes, as well as a reduction by Tencent Holdings on April 9, 2024.

A study by the left-leaning Resolution Foundation finds that funding a larger state could require higher taxes on Britain's middle earners, a point highlighted by Bloomberg's coverage.

The analysis argues that Britain's middle class faces less pressure on disposable income than peers in many other nations.

AMEC, the semiconductor equipment maker, saw 500,000 shares change hands in a block trade on September 2 for 163 million yuan, according to Jiemian News.

The transaction accounted for 4.04% of the day's turnover, and the shares were sold at 326.27 yuan each, a 5.12% discount to the market close of 343.88 yuan.

Goldman Sachs has added Adyen, RWE and Talanx to its European Conviction List – Directors’ Cut, a curated group of buy-rated European equities.

Adyen carries the largest upside estimate at 77%, while RWE and Talanx are seen with upside targets of 28% and 13%, respectively, according to BeInCrypto.

Goldman also removed Hannover Re, Enel, Wise and Zalando from the list.

As of September 1, Adyen traded around €1,006.80, RWE about €58.58, and Talanx near €125.

Climate change-driven ocean warming is linked to more frequent appearances of the Portuguese man o' war along Europe’s Atlantic and Mediterranean shores, according to Sina Finance.

The warnings for beachgoers and incidents of stings have risen, with Arcachon Beach on France’s Atlantic coast briefly banning swimming earlier this month due to the species' presence.

On the Basque coast, authorities reported more than 1,000 stings in the past two weeks.

A hot British summer has improved grape quality and opened the prospect of expanding red-wine production, according to Sina Finance.

Alastair Benham, operations director at Gusbourne in Kent, said the warmth has positively affected the vineyards, and the fruit harvested so far is in excellent condition. He added that the industry must stay adaptable and use technology to reduce the impact of extreme events after a relatively cool and wet year two years ago.

Ian Beecher-Jones, owner of JoJo's Vineyard in Oxfordshire, described this as a bumper year for grapes, but noted that producers should not focus only on heat and must also consider heavy rainfall and soil management.

Sam Lindo, head of Camel Valley in Cornwall, said the grapes are very good, but traditional-method sparkling wine still requires whole-bunch pressing to soften the base wine's flavor and avoid bubbles amplifying the wine's character.

Wine expert Kent Barker said sustained heat could improve England's ability to make high-quality red wine.

Christopher Wokey, co-founder of wine consultancy Clerissa, said warmer weather could attract more investors to England's wine industry.

Sherrie Spriggs, Nyetimber's chief winemaker in West Sussex, said recent years have brought highly variable weather, and the only way to keep working is to prepare for both hot, dry conditions and cool, wet seasons.

Chris White, chief executive of Denbies Wine Estate in Surrey, said if hot summers continue, the estate may shift toward earlier-ripening varieties such as Pinot Noir and Chardonnay, while wetter periods could push it toward more disease-resistant hybrid varieties.

Galia Pike, creative director at Westwell Wine Estates in Kent, said this year will bring an astonishing harvest, but one outstanding vintage does not mean the next year will repeat it.

Maiyue Technology (02501) advanced about 17% to an intraday high of HK$1.795, with turnover of 1.874 million shares worth HK$3.002 million, according to ETNet.

The stock has climbed for four consecutive sessions, rising 28.2% over that stretch. Its active buy-to-sell ratio stood at 91:9, with net active buying of HK$2.4667 million.

The Digital Asset Exchange Association (DAXA) of South Korea has identified four foreign virtual-asset operators that have not been officially reported to authorities, and it has requested a police investigation.

News1 reported the development, while Foresight News notes that among the named exchanges are Big One and CoinMy.

Hyperliquid Strategies has expanded its equity facility with Chardan Capital Markets from $1 billion to $2.5 billion, increasing its capacity to raise capital through share issuances tied to its HYPE-focused treasury strategy. The company also said it amended the October 2025 Chardan Equity Facility purchase agreement to raise the aggregate gross purchase price of newly issued common stock.

Under the agreement, Hyperliquid can periodically instruct Chardan to purchase shares at pricing, trading volume, and other conditions, after which Chardan may resell the shares in the public market.

The larger facility offers more potential funding, but any use of it would issue additional shares and could dilute existing shareholders.

The $2.5 billion figure represents maximum capacity rather than funds already raised.

Hyperliquid Strategies previously reported raising $647 million through the facility and expanding its treasury to about 29.3 million HYPE tokens.

The expansion comes amid renewed market interest in Hyperliquid. HYPE rose more than 20% in August after remarks from former U.S. president Donald Trump that the CFTC chair was working to bring the decentralized trading platform into the United States in a fully compliant and legal fashion. Hyperliquid Strategies shares rose 30.4% following those remarks.

Despite sharing the protocol's name and holding its native token, the company says it remains independent and has no formal affiliation with Hyperliquid.

Lithium-related shares moved lower on Tuesday, with CATL (03750) down 3.9% to HK$569, Ganfeng Lithium (01772) falling 6.1% to HK$38.02 and Tianqi Lithium (09696) down 4% to HK$36.06, according to ETNet.

The main carbon lithium futures contract declined for a second consecutive session, slipping 3.54% to RMB 154,300 after an intraday drop of up to 4%.

The Hang Seng Index was at 25,076, down 253 points or 1%, with main-board turnover surpassing HK$114.7 billion.

The Hang Seng China Enterprises Index declined 1.1% to 8,368, while the Hang Seng Tech Index dropped 1.5% to 4,482.

Elon Musk, founder of xAI, stated on X that Grok version 4.7 is expected to launch within the next 10 days.

ChainCatcher reported that no further specifics about the update were provided.

UBS reduced MINISO's target price to $14 from $19.84 and kept a Buy rating, according to ETNet.

The bank noted MINISO delivered 17% year-on-year revenue growth to RMB 5.81 billion in the second quarter, while adjusted net profit declined 10% to RMB 588 million, in line with the company’s profit warning. Revenue by segment rose 23% in China, 9% overseas, and 17% from TOP TOY.

UBS said overseas growth cooled as distributor sales fell, led by Asia-Pacific and Latin America markets. The higher-margin distributor model contributed less revenue, which helped push the second-quarter adjusted operating margin down by about three percentage points year over year.

Valuation-wise, the stock trades at eight times forecast 2026 adjusted net profit and seven times forecast 2027 adjusted net profit, a level UBS says largely reflects ongoing pressure from overseas distributor channel restructuring. Management expects further distributor store closures and margin pressure in the near term, but notes that downside risks appear priced in. Domestic operations remain resilient and should support earnings via store upgrades and productivity gains.

UBS added that management has slowed store expansion, which should ease operating expense pressure and bolster profitability. It projects overseas business to account for more than 40% of group profit in 2025, declining to below 30% in its 2026 forecast.

BoJ Policy Board member Hajime Takata reaffirmed his view that rate increases should be flexible, weighing overseas conditions against the degree of easing in domestic financial conditions to curb price pressures.

He spoke in Sapporo, Hokkaido, during a gathering with local business leaders on Wednesday.

During the July 30-31 policy meeting, Takata had proposed lifting the policy rate by 25 basis points to 1.25% and was the sole dissenter against keeping rates near 1%.

Bank of Japan board member Hajime Takata, regarded as one of the central bank's more hawkish policymakers, reiterated his call for nimble rate hikes to keep inflation from moving above the target, Bloomberg reports.

Takata argues that small, timely increases are necessary to prevent upward deviations in prices without derailing growth.

BeiGene Biotech-B (02315) rose more than 11% to HK$63.65, moving above its 20-day moving average of HK$62.785, according to ETNet data.

The trading volume reached 831,000 shares, with a turnover of HK$50.78 million.

The gain marks two consecutive sessions higher, bringing the total increase to 12.9%.