General

A Jin10-compiled Reuters poll of 35 economists indicates the Bank of Canada is likely to keep its policy rate at 2.25% at the upcoming meeting and hold it for at least the next year.

All respondents expect no change at the September 2 policy decision, which aligns with current market pricing.

They also forecast the rate rising to 2.50% in the fourth quarter of next year.

Ukrainian President Volodymyr Zelenskyy, citing the Main Directorate of Intelligence, said a sizeable refinery in Kstovo, in Russia’s Nizhny Novgorod Region, has stopped production. He added that the plant processes around 17 million tons of crude oil annually.

He also claimed that other Russian refineries have halted operations, according to Jin10.

Hong Kong's cross agency regulators, including the Monetary Authority, the Securities and Futures Commission, the Insurance Authority, the Mandatory Provident Fund Schemes Authority and Cyberport, unveiled the first cohort for the GenA.I. Sandbox++ program. The initial participant list includes 36 use cases chosen from roughly 100 proposals submitted by 30 financial institutions and 27 technology partners.

Participants include Bank of China (Hong Kong), China Asset Management, Ant Blockchain, Google and IBM.

The GenA.I. Sandbox++ will focus on agentic AI applications and will test how to responsibly increase AI autonomy beyond content generation. Testing will cover end to end processes such as customer onboarding, payments, insurance claims and customer interactions.

Xunxun Technology (01640) said on August 28, 2026 that it has agreed to sell its entire equity interest in Xunxun Hong Kong to Wu Dan for RMB 200,000, according to ETNet.

The disposal group has not actively carried out any business activities since 2025 and has been loss-making in each of the two years ended December 31, 2025, as well as in the six months ended June 30, 2026, excluding one-off gains. As of June 30, 2026, the disposal group had unaudited consolidated net assets of about RMB 200,000.

Xunxun Technology expects to record a slight loss of about RMB 400,000 from the sale, subject to review by its auditor.

PA Inv Funds reduced its holding in YTO International Education Leasing (01563) by 13.456 million shares, or 7.95%, on August 24, 2026, according to ETNet.

The off-market average price was HK$0.122 per share, with data sourced from the Hong Kong Stock Exchange.

SIV Technology (01202) said the extended public listing period expired without receiving any bids, causing the proposed sale of all equity interests in its subsidiary Poteen New Materials to lapse and be terminated, according to ETNet.

The company noted that the lapse is not expected to have a material adverse impact on its financial position or business operations.

Chinese President Xi Jinping said rescue operations faced extreme difficulties after a deadly mudslide struck the Himalayas near the Nepal border, Bloomberg reported.

He directed that surveys of glaciers and glacial lakes across the Tibetan Plateau be conducted more rapidly to assess risks and guide response efforts.

Longfor Group executive director and chief financial officer Zhao Yi said at the interim results briefing that the company’s total liabilities are currently above RMB 140 billion and are expected to stay at a similar level at year-end, a report by Ming Pao noted.

He added that roughly 90% of the debt is bank borrowings, and the company still has room to increase borrowing if needed.

Zhao also indicated that the current financing cost is about 3.36%, lower than a year earlier, and there is potential to reduce funding costs further after ongoing optimization.

The Chinese Foreign Ministry extended congratulations to Prime Minister Brown on his re-election after the Cook Islands Party, led by the incumbent prime minister, secured a parliamentary majority.

Spokesperson Lin Jian stated that China congratulates Brown on his re-election.

According to Jin10, the Cook Islands Party won a majority of seats in the Cook Islands parliamentary election.

The National Pension Service of Korea posted a 27.2% return for the first half of the year, marking its strongest H1 performance since at least 2022, according to Bloomberg.

A robust rally in domestic equities helped lift results at one of the world's largest pension funds.

For the first half of 2026, Xpeng Group reported revenue of 32.78 billion yuan, a year-on-year decrease of 3.8%, while net loss widened to 3.12 billion yuan, about 173.7% higher than a year earlier.

Its robotics division completed an initial financing round of more than $900 million, with a post-investment valuation above $6.3 billion (roughly 4.3 billion yuan).

In the second quarter, revenue advanced 8% year over year to 19.74 billion yuan, while revenue from vehicle sales reached 17.05 billion yuan, up 1%.

The gross margin reached 20.7%, with the automotive gross margin at 12.1%. Service and other revenue climbed 93.9% to 2.7 billion yuan, carrying a gross margin of 75.1%.

R&D expenditure rose 32.1% to 2.91 billion yuan, and selling, general and administrative expenses increased 15.2% to 2.5 billion yuan. Net loss for the quarter widened to 1.34 billion yuan from 480 million yuan a year earlier, though it improved from 1.78 billion yuan in the first quarter.

Xpeng Group delivered about 166,000 vehicles in the first half, down 15.8% year on year, with 62,682 shipped in the first quarter and 103,295 in the second.

The company projected third-quarter deliveries of 115,000 to 121,000 and revenue of 21.7 billion to 23.4 billion yuan, both figures below market expectations.

July deliveries reached 38,027 vehicles, up about 4% from a year earlier, bringing year-to-date deliveries to 204,004.

Martins Kazaks, a member of the European Central Bank's Governing Council, said the central bank cannot permit elevated inflation to persist. The remarks were reported by Bloomberg.

BNP Paribas Co., Ltd. is reported to be planning a panda bond issue in yuan with a maximum size of 6 billion yuan, according to people familiar with the matter.

The offering would be split into three tranches: a 3-year tranche with an initial maximum size of 1 billion yuan, a 5-year tranche with a maximum size of 4 billion yuan, and a 7-year tranche with a maximum size of 1 billion yuan. Marketing is expected to begin as early as September.

China's two leading copper producers reported that their profits more than doubled in the first half of 2026, aided by stronger copper prices and a rise in sulfuric acid revenue, Bloomberg said.

Sulfuric acid is produced as a by-product of the smelting process.

The Bank of Russia has expanded its surveillance of illicit crypto activity by adding 2,600 cryptocurrency wallet addresses to a dedicated information system, according to Bits.media.

ChainCatcher reports these addresses are linked to legal entities, project teams, and individual business owners, collectively holding about 1 billion rubles in crypto assets.

The information system is now accessible to government agencies and law enforcement, and bank transactions connected to the listed addresses are likely to be frozen.

The central bank said roughly 74% of the addresses are associated with financial pyramids and fraud, including fake crypto investments, bogus data-center projects, and unlawful crypto lending involving USDT stablecoins.

Goldman Sachs Group Inc. notes that shipments through the Strait of Hormuz have rebounded to roughly two-thirds of pre-war levels.

The partial recovery is viewed as helping to limit the war's influence on global crude prices.

The Japanese hybrid bond market is rebounding as investors seeking higher yields and issuers looking to finance acquisitions or refinance debt turn to hybrids to avoid equity dilution, Bloomberg reports.

Demand for these securities has revived as companies tap hybrid bonds for deal financing and refinancing needs.

Tencent Holdings completed a HK$301 million share repurchase on August 27, extending its streak to nine consecutive trading days of buybacks dating from August 17, according to Jiemian News.

As of August 27, the company217;s year-to-date buybacks total HK$28.832 billion, the highest figure in the Hong Kong market, with Xiaomi Group in second place at HK$11.815 billion, the same report noted.

Tang Daosheng, Tencent217;s executive vice president who leads the cloud and smart industries group, stated in an internal publication that the AI sector217;s momentum in the second half has only just begun, emphasizing the importance of staying power over early starts.

Tencent and Xiaomi are the top two holdings in the Huaxia Hang Seng Internet ETF (513330.SH). Jiemian described the ETF as the largest product tracking the Hang Seng Internet Technology Index and the only Hong Kong-listed internet index fund that fully covers Alibaba, Tencent, Baidu, Kuaishou and Xiaomi.

DigitalBridge Group, the U.S. private equity firm that SoftBank Group is set to acquire, has agreed to buy PLUS ES, an independently operated unit of Ausgrid Group.

PLUS ES provides metering and data services to retail electricity companies, utilities, and grid operators, and is one of the country's largest smart meter service providers, overseeing roughly 2 million meters across the national electricity market.

Justin Chang, DigitalBridge Asia-Pacific head and Senior Managing Director, described PLUS ES as positioned at the intersection of digital infrastructure and the energy transition.

The deal remains subject to customary closing conditions, including regulatory approval, and no transaction value was disclosed.

Global technology equities have traded with heightened volatility after rising long term U.S. Treasuries weighed on growth valuations. The pullback eased as yields cooled and Nvidia posted stronger-than-expected results, supporting a rebound in U.S. and Chinese tech stocks.

Sina Finance analysts note that rate moves influence risk appetite and valuations, but the current weakness cannot be explained by high U.S. Treasuries alone. As the AI industry moves into a phase of large-scale capital spending and real-world validation, the market is shifting from asking whether compute demand exists to evaluating commercialization potential, technological leadership, and the ability to deliver future profits.

On August 26, the Dow Jones Industrial Average declined 0.21 percent, the S&P 500 slipped 0.02 percent, and the Nasdaq Composite fell 0.08 percent. Nvidia dropped 1.59 percent ahead of its earnings release, while Apple, Meta, and Microsoft each rose more than 1 percent.

After the close on August 26, Nvidia reported fiscal second quarter 2027 revenue of 96.22 billion dollars, up 106 percent year over year, with adjusted earnings per share of 2.22 dollars, up 120 percent year over year. The company forecast third quarter revenue of 105.84 billion to 110.16 billion, above the market estimate of 105.15 billion.

Following the report, Nvidia shares at one point rose more than 5 percent in after-hours trading, and storage, networking equipment, and other AI compute-related stocks also strengthened.

Japan's August data from Tokyo showed the core consumer price index excluding fresh food rising 1.8% from a year earlier, matching economists' forecasts and up from 1.7% in July.

Tokyo inflation is often treated as a leading gauge for nationwide price growth, though local government measures — such as tuition-fee reductions — can distort the readings from time to time.

The core-core CPI, which excludes both fresh food and energy, was up about 2% year on year, while the overall CPI increased 1.9%.

Major contributors to the gain were higher costs for education, entertainment, durable goods, and medical care.

Although measures aimed at easing living costs have been introduced, price pressures persisted, reinforcing expectations that the Bank of Japan could move on rates in the near term.

Markets priced in roughly an 82% chance of a September rate hike, with traders noting inflation risks remain elevated even after last month's U.S.-Japan policy actions.

BoJ Deputy Governor Ryozo Himino did not directly push back on market expectations, instead signaling that policymakers should remain mindful of upside risks to inflation from here.

Nvidia has halted a subset of deals that offered credit support in exchange for a share of revenue, people familiar with the matter said.

ChainCatcher's report noted that the specifics of which transactions were affected were not disclosed, nor the reasons behind Nvidia's decision to pause the arrangements.

Some Nvidia employees have told current and prospective customers that the project could trigger antitrust scrutiny.

ChainCatcher says The Wall Street Journal reported these concerns.

According to Wallstreetcn, U.S. President Donald Trump announced on social media that Ben Moss will assume the roles of presidential assistant and White House secretary, with duties starting on September 2.

A federal judge on August 26 lifted a nationwide injunction against new U.S. Postal Service rules governing the mailing of ballots.

The rules require states to redesign ballot envelopes and upload voter lists to the Postal Service, and authorize the Postal Service to decline mailing ballots if the required preparations and data are not met.

Jin10 reports that the U.S. Treasury has issued general licenses covering Venezuela's oil and gas industry, gold production, and mineral operations, including activities tied to Petróleos de Venezuela (PDVSA).

Rezaei, the secretary of Iran's Supreme National Security Council, said Tehran will counter any measures that escalate tensions in the economic sphere and will target U.S. economic interests in the region. The remarks were reported by Jin10.

Citing Jin10, WTI crude rose by $0.60 to $82.77 per barrel, while Brent gained $0.70 to $88.03 per barrel.

The stock traded above the $135 level for the first time in 12 weeks, gaining as much as 10% intraday, according to MSX.COM data.

According to Jin10, officials involved in the talks have said the Trump administration has repeatedly informed mediators that it does not intend to reaccept the terms outlined in the June memorandum of understanding with Iran.

Bloomberg ETF analyst Eric Balchunas said Fidelity has begun selling customer order flow, reversing a policy that had set the firm apart from many peers.

ChainCatcher cited Balchunas, noting that the change is generating roughly $10 million in additional monthly revenue.

Fidelity Investments has begun selling its customers' order flow, reversing a stance that had set it apart from many peers in the industry. The development was noted by Bloomberg ETF analyst Eric Balchunas in a post on X.

Odaily reports Balchunas estimates the change could bring in roughly $10 million in new monthly revenue for the firm.

Hyperliquid (HYPE) advanced to a fresh intraday peak of $84.80 on Thursday, marking a second all-time high within a week, and traded near $84.07 as its market capitalization approached $19 billion.

The surge followed a breakout past $77, and is linked to the AQAv2 reserve yield program directing about 90% of cost-adjusted yield generated from $6.74 billion of USDC deposits back into HYPE buybacks, BeInCrypto reported, with the first distributions slated for Oct. 3.

Separately, President Donald Trump said on Aug. 20 that Hyperliquid could be available in the United States soon, with the CFTC working on a compliant pathway. Spot HYPE ETFs also saw renewed inflows, and traders monitor $92.37 as the next resistance and $68 as a key support.

Vista Global Holding Ltd. is evaluating a European initial public offering that could raise more than $1 billion, according to people familiar with the matter, Bloomberg reports.

U.S. goods imports rose 3.7% in July, while goods exports declined 2.9% for the month, according to data cited by Odaily.

Capital goods imports, led by computers and accessories, semiconductors, and telecommunications equipment, posted their largest gain in this category since 1993.

Dragon Rise Holdings (06829.HK) said on August 27, 2026, that its wholly owned subsidiary DRNE Next Mobility signed a blockchain agency agreement with an integrated blockchain service provider.

According to Foresight News, the agreement covers cooperation to issue privately placed tokenized limited-recourse notes backed by real-world assets on the Ethereum and Solana blockchains.

Nvidia reported Q2 revenue of $96.2 billion, topping expectations, with data-center revenue around $89 billion and earnings per share of $2.22. The company guided Q3 revenue to $108 billion, ahead of consensus, while gross margin was projected at 74%, a sequential decline driven by higher memory, financing and infrastructure costs. CEO Jensen Huang described AI as reaching an inflection point and cited ongoing constraints in power, land and data-center capacity as potential headwinds.

In crypto terms, Bitcoin traded near $79,400 as ETF inflows and treasury dynamics shaped momentum. Eight consecutive days of ETF inflows have totaled about $2.8 billion, with August already the strongest inflow month of 2026. The technical ceiling remains near the 50-week moving average at about $81,085, and a break above the May high near $82,820 would reopen a path toward $100,000.

Market breadth showed mixed signals: Solana rose about 4% to around $101, with XRP down roughly 3% to about $1.42 amid shifting rate-hike expectations. Open interest trends suggested short-covering activity rather than new buying, while ETF inflows continued to provide genuine demand. Nvidia’s after-hours gain helped lift Asian chip shares, though Bitcoin’s reaction remained subdued, consistent with a decoupling between AI momentum and the crypto rally driven by flows and Treasuries dynamics.

Eight straight days of ETF inflows have pushed Bitcoin and Ether-related funds higher, with Ether ETFs also surpassing $1 billion in the same streak. August inflows have now exceeded $3 billion, marking the strongest month of 2026 and roughly double what occurred in April. IBIT accounted for about 62% of Monday’s inflows. Net ETF inflows for 2026 remain negative by roughly $2.5 billion, meaning August has recouped a sizable portion of outflows seen earlier in the year. The ongoing streak could extend through Jackson Hole or stall there, depending on policy cues.

Seoul’s Kospi traded up about 1.5% to a record close after the Bank of Korea raised rates by 25 basis points as expected, with Samsung and SK Hynix among the gainers. The Nikkei in Tokyo fell slightly as investors digested Nvidia’s results, while Hong Kong’s Hang Seng eased and Baidu jumped on a dual-primary listing plan and other stock moves. Shanghai rose modestly, underscoring divergent regional exposure to the AI infrastructure trend versus underlying demand dynamics.

Gold advanced in Asia as the dollar weakened, with ANZ Research noting that the weaker dollar supports bullion despite persistent inflation pressures and rate-hike expectations. The market views gold as a scarcity play in a higher-rate environment, contributing to a broader debate about monetary policy and inflation hedging. Some analysts highlighted Warsh’s Jackson Hole speech as a key test for expectations around policy normalization and the potential implications for crypto and alternative assets. The evolving relationship between gold and Bitcoin continues to inform institutional sentiment about Bitcoin’s role as a potential hedging asset.

According to Jin10, the European Central Bank indicated that the path for future oil and natural gas prices remains exposed to elevated risks driven by geopolitical developments in the Middle East, Ukraine, and Russia.

It noted that current oil prices sit well below peak levels seen recently, while futures curves have softened; nevertheless, prices stay well above prewar levels over the forecast horizon and upside risks persist.

The report added that declines in oil prices have not yet softened the medium-term inflation trajectory suggested by market pricing, with inflation expectations remaining anchored.

The ECB emphasized its commitment to its price-stability mandate and said it will act in a timely manner to reach its 2% inflation target over the medium term.

TRON network's Super Representatives have launched a vote on mainnet Committee Proposal No. 107. The ballot is scheduled to conclude at 2 p.m. on August 28.

The proposal aims to enable features in GreatVoyage-v4.8.2 that align TVM with Ethereum's Prague and Osaka upgrades. The planned changes include the ability to query historical block hashes, the introduction of a new CLZ instruction, a secp256r1 precompiled contract supporting Passkey verification, and reduced energy use for the MODEXP operation.

Approval would enhance TVM's compatibility with Ethereum's latest upgrade features and support broader smart contract development and cross-ecosystem interoperability.

Luxxfolio has expanded its Litecoin mining operation by adding 228 Bitmain Scrypt miners, increasing the total to 288 machines.

Foresight News reports that company management expects the expanded fleet to generate about C$120,000 in gross monthly mining revenue, from Litecoin and merged-mining assets.

The projection excludes hosting, electricity, and other operating costs and should not be considered a net income or cash-flow forecast.

Huawei plans to widen its artificial intelligence collaborations with mainland pharmaceutical firms to cover drug development and clinical practice, a senior executive said, as the company pursues a foothold in the growing AI drug discovery market. William Zhang, president of Huawei's healthcare business unit, told RTHK on Wednesday that the firm expects more partnerships that span drug manufacturing, clinical application, and eventual deployment.

The executive noted that Huawei already has some collaborations in hospital clinical practice and is exploring additional opportunities, with current projects primarily involving domestic drugmakers.

The company provides tools for screening candidate drug compounds, backed by its Ascend and Kunpeng processing technologies. In May, Huawei announced a project with state-owned Guangzhou Pharmaceutical Holdings described as the industry's first production validation of AI drug research models developed independently and adapted to Ascend and Kunpeng technologies.

The report also mentions that Nvidia has established AI-related partnerships with drugmakers, including Eli Lilly and Novo Nordisk.

Digital Assets Week is set to return to London in 2026 to examine tokenization across issuance, market structure, settlement, custody, liquidity and regulatory alignment.

The event is institution-led and aims to move digital assets from experimentation toward practical deployment in traditional financial markets, BeInCrypto reports.

Speakers are expected from HM Treasury, the Bank of England, the SEC, UBS, HSBC, J.P. Morgan and other participants.

Registration is now open.

Binance disclosed the launch of Agent OS, a framework intended to help users build, deploy, and operate AI agents within its ecosystem. The platform is designed to tie together Binance's market data, payments, on-chain features, data access, and trading capabilities into AI-driven workflows.

The release did not provide timing, availability, or technical specifications for Agent OS. It positions the product as a way to extend AI usage by leveraging Binance's existing services across markets, payments, blockchain activity, and trading, without detailing rollout plans.

As of 07:55 AM UTC on August 27, 2026, Binance Market Data shows Bitcoin moving above the 79,000 USDT level.

BTC is quoted at 79,075.890625 USDT, reflecting a 0.16% increase over the past 24 hours.

Issuance by AI leaders is testing the bond market's tolerance, with price premiums seen as an indicator, Bloomberg reported.

A senior JPMorgan Chase & Co. bond banker in Europe weighed in on the development as AI-focused companies access debt markets.

Pernod Ricard SA expects to reach only the lower end of its medium-term sales growth range as demand in the United States remains weak.

The Paris-based drinks company said the softness in the U.S. market is weighing on its outlook, Bloomberg reported.

SAP SE (SAP.N) shares rose about 2.4% in pre-market trading, aided by earnings from Salesforce and CrowdStrike, according to Jin10.

The Indonesian rupiah and government bonds declined for a third straight session on Thursday as markets weighed whether a small protest in Jakarta would expand into a larger demonstration, Bloomberg reported.

Zcash mobile wallet Zodl has told iOS users to pause in-app voting until the forthcoming release of version 3.10.2. Citing information reported by Foresight News, the wallet notes that an interrupted submission could still cause the app to register a user for this voting round, with a fix being prioritized.

Zodl added that more than two weeks remain in the voting period, so there is no need to rush to vote before updating. If users encounter a wallet already registerede error, they should contact official support and avoid reopening the voting menu, uninstalling the app, clearing data, resetting the wallet, or revealing their seed phrase.

Bloomberg reports that the Philippine Stock Exchange anticipates a smaller pool of brokerage firms if the Securities and Exchange Commission raises the minimum capital requirements for brokers.

The exchange did not provide a timeline or an estimate of how many firms might be affected.