【HEADLINES】
1. US major indices all rose on Tuesday (6th), with both S&P 500 and Nasdaq hitting new intraday and closing highs. Market sentiment was supported by declining US Treasury yields and stabilized oil prices. Investors are gradually shifting focus toward the upcoming Q3 earnings season. The Dow Jones closed up 253.38 points, or 0.49%, at 51,521.28; the S&P 500 rose 44.98 points, or 0.58%, to 7,818.93, peaking at 7,844.52 intraday; the Nasdaq gained 122.48 points, or 0.45%, to 27,599.79. The China Golden Dragon Index was flat. The Nikkei opened at 70,648.5, down 99.5 points.
2. US Treasury Secretary Bessent reiterated that combining economic growth with fiscal restraint can curb the federal deficit, claiming that 3% economic growth can be achieved while controlling spending to swiftly alter the government's debt trajectory. Influenced by falling oil prices and Bessent's remarks, US Treasury yields retreated from their highest levels since 2002.
3. The US Department of Commerce reported that the goods and services trade deficit in August widened 13.7% month-on-month to $105.6 billion, exceeding market expectations and marking the largest deficit since March 2025, with imports reaching a record high.
4. The US Energy Information Administration (EIA) raised its crude oil price forecast, now expecting the average Brent crude price in 2027 to be $84 per barrel, $10 higher than the previous forecast; it also raised the forecast for the average Brent price in 2026 to $98 per barrel.
5. Federal Reserve Vice Chair Bowman stated that the Fed will consider raising certain bank asset thresholds defined by fixed dollar amounts later this year, and will introduce a mechanism to update them every five years to reflect inflation and economic growth, preventing banks from being automatically subjected to stricter regulations due to natural asset growth.
6. A deputy minister from China's Ministry of Commerce held a video conference with EU trade officials on Tuesday to prepare for further consultations.
7. French far-right presidential candidate Le Pen proposed a plan to sharply reduce the deficit-to-GDP ratio below 3%, and called on the European Central Bank to intervene in fiscal matters.
8. The Chair of the US House Select Committee on China sent a letter to Fed Chair Waller, requesting a formal review of Hong Kong Monetary Authority's eligibility to use the dollar liquidity facility FIMA.
9. HKMA's余偉文 stated that if the interest rate differential between Hong Kong and the US remains significant, the linked exchange rate system's automatic interest rate adjustment mechanism would lead to HKD weakening. DBS Bank forecasts that the HKD may test the weak-side convertibility guarantee level of 7.85 per USD as early as October.
10. Transsion Holdings (02636)(SSE: 688036), the parent company of Tecno, known as the "King of African Mobile Phones", is conducting its IPO from today until next Monday (12th). It plans to globally offer 86.6483 million shares, priced between HK$35.3 and HK$38.8 per share, raising up to HK$3.362 billion, with a minimum investment of HK$3,919.13. The company expects to list next Thursday (15th), with CITIC Securities as the sole sponsor.
11. Apple (US.AAPL) is reportedly teaming up with LG to develop a series of accessories including doorbells, door locks, and thermostats, further expanding into the smart home device market.
12. The UK's Financial Times, citing sources, reported that SpaceX is seeking to raise $40 billion to purchase NVIDIA (US.NVDA) chips.
【STOCK HIGHLIGHTS】
Apple-related stocks: BYD Electronic (00285), Sunny Optical (02382), AAC Technologies (02018)
- Apple reportedly to partner with LG to develop doorbells, smart locks, and other home devices
Three Oil Majors: PetroChina (00857), CNOOC (00883), Sinopec (00386)
- US EIA raised 2026 Brent crude forecast to $84 per barrel
Chip stocks: SMIC (00981), Hua Hong Semiconductor (01347), ASMPT (00522)GPU concept: TianShu Intelligent Chip (09903), Biren Technology (06082)
- SpaceX (US.SPCX) considering raising $40 billion to purchase NVIDIA chips
China Healthcare (01931)
- Suspends development of digital asset exchange and RWA platform, will not proceed with cryptocurrency purchase proposal
Dragon Resources (01712)
- High-grade samples discovered in gold mine drilling in Finland, with gold mineralization extending up to 710 meters
Power Development (01277)
- Rutile project in Sierra Leone commences production, expects the other two production lines to complete construction shortly
Hong Kong Robotics (00370)
- Rights issue fully subscribed, raising HK$220 million, shareholding of 6 directors reduced to 21%
【OIL & GOLD QUOTES】
NYMEX Crude Oil up 0.68%, at $90.05/barrel
Brent Crude up 0.80%, at $101.38/barrel
Spot Gold up 0.01%, at $4,164.39/ounce
Gold Futures up 0.08%, at $4,190.57/ounce
1. US major indices all rose on Tuesday (6th), with both S&P 500 and Nasdaq hitting new intraday and closing highs. Market sentiment was supported by declining US Treasury yields and stabilized oil prices. Investors are gradually shifting focus toward the upcoming Q3 earnings season. The Dow Jones closed up 253.38 points, or 0.49%, at 51,521.28; the S&P 500 rose 44.98 points, or 0.58%, to 7,818.93, peaking at 7,844.52 intraday; the Nasdaq gained 122.48 points, or 0.45%, to 27,599.79. The China Golden Dragon Index was flat. The Nikkei opened at 70,648.5, down 99.5 points.
2. US Treasury Secretary Bessent reiterated that combining economic growth with fiscal restraint can curb the federal deficit, claiming that 3% economic growth can be achieved while controlling spending to swiftly alter the government's debt trajectory. Influenced by falling oil prices and Bessent's remarks, US Treasury yields retreated from their highest levels since 2002.
3. The US Department of Commerce reported that the goods and services trade deficit in August widened 13.7% month-on-month to $105.6 billion, exceeding market expectations and marking the largest deficit since March 2025, with imports reaching a record high.
4. The US Energy Information Administration (EIA) raised its crude oil price forecast, now expecting the average Brent crude price in 2027 to be $84 per barrel, $10 higher than the previous forecast; it also raised the forecast for the average Brent price in 2026 to $98 per barrel.
5. Federal Reserve Vice Chair Bowman stated that the Fed will consider raising certain bank asset thresholds defined by fixed dollar amounts later this year, and will introduce a mechanism to update them every five years to reflect inflation and economic growth, preventing banks from being automatically subjected to stricter regulations due to natural asset growth.
6. A deputy minister from China's Ministry of Commerce held a video conference with EU trade officials on Tuesday to prepare for further consultations.
7. French far-right presidential candidate Le Pen proposed a plan to sharply reduce the deficit-to-GDP ratio below 3%, and called on the European Central Bank to intervene in fiscal matters.
8. The Chair of the US House Select Committee on China sent a letter to Fed Chair Waller, requesting a formal review of Hong Kong Monetary Authority's eligibility to use the dollar liquidity facility FIMA.
9. HKMA's余偉文 stated that if the interest rate differential between Hong Kong and the US remains significant, the linked exchange rate system's automatic interest rate adjustment mechanism would lead to HKD weakening. DBS Bank forecasts that the HKD may test the weak-side convertibility guarantee level of 7.85 per USD as early as October.
10. Transsion Holdings (02636)(SSE: 688036), the parent company of Tecno, known as the "King of African Mobile Phones", is conducting its IPO from today until next Monday (12th). It plans to globally offer 86.6483 million shares, priced between HK$35.3 and HK$38.8 per share, raising up to HK$3.362 billion, with a minimum investment of HK$3,919.13. The company expects to list next Thursday (15th), with CITIC Securities as the sole sponsor.
11. Apple (US.AAPL) is reportedly teaming up with LG to develop a series of accessories including doorbells, door locks, and thermostats, further expanding into the smart home device market.
12. The UK's Financial Times, citing sources, reported that SpaceX is seeking to raise $40 billion to purchase NVIDIA (US.NVDA) chips.
【STOCK HIGHLIGHTS】
Apple-related stocks: BYD Electronic (00285), Sunny Optical (02382), AAC Technologies (02018)
- Apple reportedly to partner with LG to develop doorbells, smart locks, and other home devices
Three Oil Majors: PetroChina (00857), CNOOC (00883), Sinopec (00386)
- US EIA raised 2026 Brent crude forecast to $84 per barrel
Chip stocks: SMIC (00981), Hua Hong Semiconductor (01347), ASMPT (00522)GPU concept: TianShu Intelligent Chip (09903), Biren Technology (06082)
- SpaceX (US.SPCX) considering raising $40 billion to purchase NVIDIA chips
China Healthcare (01931)
- Suspends development of digital asset exchange and RWA platform, will not proceed with cryptocurrency purchase proposal
Dragon Resources (01712)
- High-grade samples discovered in gold mine drilling in Finland, with gold mineralization extending up to 710 meters
Power Development (01277)
- Rutile project in Sierra Leone commences production, expects the other two production lines to complete construction shortly
Hong Kong Robotics (00370)
- Rights issue fully subscribed, raising HK$220 million, shareholding of 6 directors reduced to 21%
【OIL & GOLD QUOTES】
NYMEX Crude Oil up 0.68%, at $90.05/barrel
Brent Crude up 0.80%, at $101.38/barrel
Spot Gold up 0.01%, at $4,164.39/ounce
Gold Futures up 0.08%, at $4,190.57/ounce
