Chip stocks lift Kospi above 7,130; Nikkei edges up despite yen pressure
South Korea's Kospi jumped over 1.9% on chip strength, while Japan's Nikkei barely rose after weathering a yen spike.
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South Korea's Kospi jumped over 1.9% on chip strength, while Japan's Nikkei barely rose after weathering a yen spike.
Wharton professor Jeremy Siegel says midterm elections and Trump pressure are preventing the Fed from raising rates.
China's August imports grew 28.2% y/y, missing the 30% forecast, while exports and trade surplus met expectations.
South Korean stocks rallied, led by Samsung and SK Hynix, while Wall Street futures declined amid inflation concerns and higher oil prices.
China's CMRG directive to halt Rio Tinto ore negotiations appears to become effective in September, but enforcement unconfirmed; AUD weakens.
Vitol CEO sees China oil imports picking up, calls current gap unsustainable; global demand to drop 1.5 mln b/d in 2026.
Analysts see Tempus AI benefiting from personalized cancer vaccines, with potential $600M annual sequencing revenue.
Goldman Sachs warns oil could hit $120 as Trump abandons diplomacy with Iran and blockades the country.
NAB business conditions hit six-year low; ASX, AUD, NZD soften; RBA hike probability high.
PBOC set the yuan central rate at 6.7804 per dollar, above estimates, and conducted a net 4 billion yuan drain via reverse repos.