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US stocks closed mixed on Monday as declines in key technology shares outweighed the effect of falling Treasury yields, according to Sina Finance.
The Dow rose 140.14 points, or 0.26%, to 53,417.16, while the S&P 500 fell 21.51 points, or 0.28%, to 7,652.86, and the Nasdaq dropped 200.26 points, or 0.76%, to 25,980.19. Chip stocks weighed on the broader market, with Micron down 5.8%, AMD off more than 3% and Broadcom down 2%. The iShares SOXX ETF fell 2.7%. Other technology names also declined, as Coherent and Lumentum each dropped more than 4%, SanDisk fell 6%, Corning lost nearly 3% and Seagate Technology declined 6.5%.
Among the "Magnificent Seven," Nvidia fell 2.91%, marking its seventh consecutive session of losses and its longest losing streak since 2022. Meta rose 1.66%, Amazon gained 1.33%, Microsoft added 0.84%, Google climbed 0.83% and Apple rose 0.32%, while Tesla fell 3.83%.
Among crypto-related stocks, Robinhood dropped more than 4% and IREN fell 4.9%. Treasury yields eased after media reports that the US Treasury might use its general account to fund buyback operations. The 10-year Treasury yield fell more than three basis points to 4.704%, and the 30-year yield, which topped 5.3% last week to reach a near-two-decade high, fell four basis points to 5.234%.
Treasury Secretary Scott Bessent said last week the department plans to at least double the size of government debt buybacks in the coming months, potentially exceeding the $4 billion announced that week. Rising global bond yields have pressured equities, with rates in Japan, France and Germany climbing to multi-year highs amid investor concerns that a US-Iran conflict could persist, keeping oil prices elevated and lifting inflation.
Sentiment was also hurt Monday after President Trump announced the US will raise tariffs to 50% on "all cars, trucks of any size, auto parts and steel" imported from Canada, effective January 1, 2027. Investors will receive fresh inflation data this week in the form of the July personal consumption expenditures price index, due Wednesday. Artificial intelligence will also be in focus, with Nvidia and Marvell Technology set to report earnings after the close on Wednesday and Thursday, respectively.

Gold Fields Ltd. more than doubled its first-half dividend after profit rose 81% on higher gold production and prices, according to Bloomberg.
The company also faces a pending decision on Ghana.

Mech-Mind Robotics (9615) was the most sought-after of two companies currently in IPO subscription, with its public offering oversubscribed 141.6 times by 4:00 PM, according to Ming Pao.
Major brokers had lent HK$16.779 billion in margin financing for the deal.

According to Jin10, gold prices were broadly steady after touching their highest level since mid-May on Monday, as investors awaited U.S. inflation data due later this week and a speech by Fed Chair Kevin Warsh. Sucden Financial analyst said gold demand remained strong despite the U.S. 10-year Treasury yield staying near 4.7%, renewed U.S. fiscal concerns, uncertainty over the credibility of the U.S. Treasury market, and the dollar index remaining below 99, adding that gold needs to stay above $4,700 per ounce to maintain a stronger trend.

Thailand's government plans to revise regulations to strengthen the Securities and Exchange Commission's investigative powers, allowing the regulator to work with police on capital market and digital asset cases. According to Sina Finance, Finance Minister Ekniti Nitithanprapas said on Tuesday that the cabinet had approved revisions to four laws covering finance, capital markets, and digital assets.
Ekniti said the draft amendments would allow SEC staff and police to conduct joint investigations, strengthening enforcement powers. The proposal would also expand oversight of electronic transactions. He added that he and SEC officials would later hold a news conference to release more details on the revisions.

Bitcoin’s 25% weekly rally has pushed Zcash (ZEC), Aave (AAVE) and XRP sharply higher, with each clearing long-standing technical resistance on rising volume. According to BeInCrypto, ZEC gained 75.5% to $846.51, AAVE rose 64.5% to $136.08 and XRP climbed 53% to $1.50, while Bitcoin traded near $78,702 after hitting its highest level since May.
ZEC now targets $903, AAVE faces resistance at $150 and XRP has $1.70 in view, with all three setups dependent on Bitcoin holding its gains.

According to Jin10, spot gold turned lower and fell below $4,650 an ounce, while spot silver was down 1.00% on the day at $68.24 an ounce.

According to Jin10, Japan's Minister of Economy, Trade and Industry, Ryosei Akazawa, said on Tuesday that Japan plans not to release additional national oil reserves in September and October. He said Japan's crude oil purchases in September are expected to fall from 100% in August to about 80% of last year's monthly average because tankers that normally pass through the Bab el-Mandeb Strait are rerouting to the longer Suez route. He added that some of the strategic reserves already decided for release have not yet been used because progress has been made in securing alternative supplies, and using those reserves will ensure crude oil supply in September reaches last year's average monthly level. Japan is expected to restore crude oil purchases in October to last year's monthly average.

Oil held a decline as the US ramped up economic pressure on Iran and its trading partners in an effort to force the resumption of energy flows through the Strait of Hormuz, according to Bloomberg.

According to Jin10, DHF Capital S.A. Chief Executive Officer and asset manager Bas Kooijman said gold prices pulled back in the Asia afternoon session as the U.S. dollar strengthened and Treasury yields rose. Investors are turning their attention to the Jackson Hole symposium, and any signals from policymakers could move markets while forward guidance remains limited.

Novo Nordisk rose as much as 2.2% in early trading after JPMorgan raised its 2026 sales forecast for the Danish drugmaker and lifted its stock target price. According to Sina Finance, analyst Richard Vosser kept a neutral rating and said the higher Ozempic outlook reflected limited generic-drug pressure, a favorable U.S. gross-to-net adjustment in the second quarter, and stronger-than-expected Wegovy growth outside the United States.
JPMorgan said its lower forecast for oral Wegovy in 2026 only partly offset those gains, and it believes the product's U.S. launch momentum is slowing. The bank now expects Novo Nordisk's 2026 revenue to be broadly flat in local currencies, while still forecasting about 1% revenue growth in 2027. The target price was raised to 275 Danish kroner from 250 Danish kroner, and the stock was quoted at 305.35 Danish kroner at 9:05 a.m. Copenhagen time (3:06 p.m. UTC+8).

According to Jin10, Kazakhstan's energy minister said on Tuesday that the country's oil output forecast will be reduced by 3.5 million tons after Ukrainian drone strikes hit facilities of the Caspian Pipeline Consortium (CPC). Kazakhstan had originally planned to produce 98 million tons of oil in 2026, but it has now lowered the target to 96 million tons.

According to Jin10, Goldman Sachs analysts have revised their forecast for the Bank of Japan's policy rate and now expect the central bank to raise rates in September, compared with a previous forecast of January 2027. Goldman Sachs analysts said they then expect the Bank of Japan to raise rates again in January 2027, provided the 2027 spring wage negotiations confirm strong wage growth momentum, and to raise rates further in July 2027, when the policy rate would reach 1.75%. Analysts said the Bank of Japan is becoming increasingly alert to the risk that underlying inflation could exceed 2%, which raises the likelihood of an earlier rate hike, while the central bank still believes monetary policy has not fallen behind the curve because underlying inflation remains below 2%.

Asian stocks were mixed on Tuesday as investors assessed a U.S. plan for the "economic asphyxiation" of Iran and awaited earnings from chip titan Nvidia, according to RTHK.
In Hong Kong, the Hang Seng Index opened 116 points, or 0.46 percent, higher at 25,634 before slipping to 25,466 at one stage in early trading. The China enterprises index opened 29 points, or 0.34 percent, higher at 8,500, while the tech index rose eight points, or 0.18 percent, to 4,602, before both turned lower. In Tokyo, the Nikkei opened down 333 points, or 0.5 percent, at 65,195 before recovering to 65,586 at one stage before noon. In Seoul, the Kospi was 126 points, or 1.89 percent, lower at 6,570 after opening down 161 points, or 2.4 percent, at 6,535.
The losses came after Treasury Secretary Scott Bessent said the White House was declaring an "economic D-Day" on Iran and threatened to hit countries that trade with it six months into a war that the United States started. The threat comes as talks to reopen the Strait of Hormuz remain stalled, while oil prices have risen for most of August and added to long-term inflation fears. Analysts also said investors are watching Nvidia closely as a bellwether for the AI boom, with Salesforce and Marvell also due to report.

According to Jin10, the Bank of Japan said a consumer price measure that excludes fresh food and the effects of several government measures rose 2.3% year on year in July, while a separate core inflation gauge excluding only fresh food rose 1.8% year on year. The data are part of a new set of price indicators introduced by Bank of Japan Governor Kazuo Ueda in March to track underlying inflation trends more closely. The figures also showed that underlying inflationary pressure remained strong, as higher energy prices driven by Middle East conflict increased cost pressure on companies and prompted them to pass more input costs on to consumers. Market pricing currently shows about an 80% probability that the Bank of Japan will raise rates in September.

According to Jin10, Morningstar data released on Tuesday showed that net inflows into Japan bond ETFs have reached a record $1.5 billion so far this year, as rising Japanese government bond yields have made them more attractive to investors. Morningstar senior fixed income strategist Shannon Kirwin said Japanese government bond yields have risen sharply alongside increased European investor demand for fixed-income assets and growing interest in diversifying away from traditional sources of returns such as U.S. dollar assets. She also said uncertainty over the dollar's safe-haven status has prompted investors to seek greater diversification in fixed-income portfolios, and that Japanese bonds offer an attractive investment option. LSEG data showed Japan's 10-year government bond yield rose to 2.93% earlier this month, the highest level since the mid-1990s.

Asian refiners are on course to nearly double their purchases of US crude for September from a month earlier, according to Bloomberg. The buying surge is expected to add pressure on domestic fuel makers as Americans face record-high pump prices.

Hong Kong's 11th batch of three-year Silver Bonds offers a minimum guaranteed rate of 4.25%, with applications open from 9:00 AM on August 21 to 2:00 PM on September 4, according to Ming Pao.
Several banks and brokers have waived subscription fees, while experts said eligible senior investors could consider applying for 20 to 30 lots. Multiple banks and brokers said first-day subscription demand was strong, with both the number of applications and the amount applied for rising from the previous Silver Bond issue.

According to RTHK, Yonhap and Google Finance, Asian equities were mixed at midday Tuesday, with Hong Kong turning lower and Seoul retreating while Tokyo recovered early losses.
Tokyo's Nikkei 225 clawed back a steep opening drop to trade around 65,760.07, up 0.35% or 231.98 points, as of 04:35 UTC; earlier the index had breached 65,000 and fell as much as roughly 920 points to 64,609 before rebounding. Chip-sector names were mixed, with Tokyo Electron up 0.78% and Sony up 0.31%, while Advantest fell 1.30%.
Seoul's KOSPI stayed under pressure, trading at 6,655.36, down 0.62% or 41.60 points, as of 04:34 UTC. Chip heavyweights weighed on the index, with Samsung Electronics off 1.26% and SK Hynix down 2.69%.
Hong Kong stocks gave up early gains, with the Hang Seng Index at 25,453.19, down 0.25% or 64.14 points at the midday break, on main-board turnover of about HK$126.8 billion; the Hang Seng Tech Index was near 4,559, off more than 0.7%. Meituan was the worst-performing blue chip, sliding more than 6%, and XPeng tumbled nearly 10% after its results, dragging peers NIO and Leapmotor lower. Alibaba, which had risen more than 2% intraday, held a gain of about 0.5%, at HK$113.10 on Google Finance as of 04:35 UTC. Zijin Mining and China Molybdenum each fell about 4%.
Taiwan's TAIEX pared a sharp early decline, trading at 44,707.74, down 0.12% or 54.58 points as of 04:35 UTC, after falling more than 500 points at the open to test its monthly moving average, with shipping and financial shares cushioning the market. TSMC edged up 0.21% to NT$2,380, while MediaTek fell 2.66% and Hon Hai lost 1.23%.
In mainland China, the Shanghai Composite was down about 0.14% at the midday break, while the ChiNext Index fell more than 1.4%.

According to Jin10, Riksbank Governor Erik Thedéen said economic signals suggest high energy costs could intensify because of war and weather-related disruptions, increasing broader inflation risks. He also said the risk that an escalation of war would drive prices sharply higher makes an interest-rate hike this year reasonable.

According to Jin10, WTI crude fell below $84 per barrel, down 0.66% on the day.

According to Jin10, Commerzbank head of rates and credit research Christoph Rieger said U.S. Treasury bond buyback operations will raise its risk level regardless of how they are financed. He said cash balances cannot be reduced to previous levels because of political risk and higher spending, and the Treasury will soon face monthly interest payments of more than $100 billion. Rieger said these measures will need to be paired with a coherent and credible fiscal consolidation plan over the long term to keep markets stable. The U.S. Treasury said last week that it plans to double the size of its long-dated bond buybacks, and reports said on Monday that it was considering using its general account as one funding option for the buyback operations.

According to Jin10, Brent crude widened its intraday decline to 2.00% and was last reported at $88.58 per barrel.

According to CNBC, India attracted $73 billion in inflows over 11 weeks, with the bulk driven by foreign currency bank deposits made by non-resident Indians. The article did not provide additional details on the deposits or other sources of the inflows.

According to Yonhap, HKET and RTHK, Asian index futures traded mixed in the overnight session as investors awaited details of threatened US sanctions on Iran and braced for Nvidia's earnings; US long-bond yields eased, spot gold pushed to a three-month high above $4,700 and oil settled about 2.4% lower.
Nikkei 225 futures for the September 2026 contract ended the Osaka Exchange night session at 65,360, down 80 points, after trading between a high of 65,950 and a low of 64,850 on volume of 5,346 lots. The more active Nikkei 225 mini September contract closed the night at 65,330, down 110 points, on volume of about 180,500 lots, with AI-linked names remaining under pressure.
In Seoul, the KOSPI 200 night futures contract fell 1.77%, extending the cash market's slide after Samsung Electronics' weaker-than-expected shareholder-return plan. The Philadelphia Semiconductor Index dropped 2.70% and SK Hynix's US-listed shares lost 4.92%, while the MSCI Korea ETF also declined. Kiwoom Securities analyst Han Ji-young said the prior session's weakness reflected short-term supply-side volatility around Samsung sell-on flows and caution ahead of Nvidia's results, rather than a fundamental crack.
Hong Kong's Hang Seng Index futures firmed overnight, with the August 2026 contract closing the after-hours session at 25,599, up 145 points from the day-session settlement of 25,454, after ranging between 25,657 and 25,451 on volume of 17,957 lots. US-listed Hong Kong ADRs broadly advanced: Alibaba's ADR rose more than 3% above its local close to an HK$116.1 equivalent, with JD.com and Tencent ADRs up around 1% and Ping An and HSBC ADRs also firmer.
Taiwan's TAIEX futures near-month September contract closed the TAIFEX night session at 44,532, down 208 points or 0.46%, trading between a high of 45,015 and a low of 44,270 on volume of 32,394 lots.

According to Jin10, South Korea's Ministry of Economy and Finance plans to reduce government bond issuance in September. Ministry officials said at Monday's primary dealer meeting that total Treasury issuance will be lower than in August, and issuance of 30-year government bonds will also be reduced. Market participants expect September competitive Treasury auctions to total 16.5 trillion to 17 trillion won, including about 2.5 trillion won in 30-year bonds.

According to Sina Finance, Shell's U.S. chemical business has received multiple non-binding indications of interest, with potential buyers including Exxon Mobil, LyondellBasell, Apollo Global Management, and the chemicals arm of Kuwait Petroleum Corp.
The assets could fetch as much as $8 billion in a sale that may include either a full divestment or a breakup sale. The transaction is not guaranteed to close, and Shell declined to comment on the sale rumors.

According to Jin10, strategic reserve releases are nearing an end, global offshore and onshore crude inventories continue to decline, and risks to Middle East exports and key shipping routes are rising again. Market attention is focused on whether supply gaps can be offset by alternative routes, and crude prices may receive fresh risk-premium support.

According to Jin10, the logic behind gold's rise is shifting, with the weight of the rate narrative declining and fiscal credibility and hard-asset allocation becoming the new main themes. The U.S. Treasury Department is using TGA cash to suppress long-term bond yields, and if such quasi-QE operations continue, the Federal Reserve's 2% inflation target may become harder to achieve.

European stocks advanced as oil prices pulled back, easing inflation concerns and bond-market pressure that had weighed on the region in recent sessions, according to Bloomberg.
Siemens Energy also rose.

According to RTHK, Yonhap and HKET, Asian equities opened broadly lower on Tuesday, tracking an overnight retreat in US technology and semiconductor shares, with Seoul and Tokyo leading regional declines while Hong Kong steadied on a bounce in Alibaba.
Tokyo's Nikkei 225 slipped below the 65,000 mark early, trading at 64,928.63, down 0.91% or 599.46 points as of 01:38 UTC, after most AI-linked heavyweights fell. Advantest dropped 4.46% while SoftBank Group eased 0.54%. The index had ended Monday at 65,528.09.
Seoul's Kospi tumbled 2.69%, or 180.12 points, to 6,516.84 as of 01:38 UTC, extending the prior session's slide, with the Kosdaq opening down 6.40 points at 806.93. Samsung Electronics fell 3.31% and SK Hynix dropped 5.63% after Yonhap reported the chipmaker's union narrowly rejected a tentative wage deal, with 50.08% voting against.
Hong Kong stocks steadied after Monday's rout, with the Hang Seng Index opening up 116 points at 25,634 and the Hang Seng Tech Index up 0.2% at 4,602. The benchmark stood at 25,540.50, up 0.09%, as of 01:38 UTC. Alibaba rebounded 2.04% to HK$114.80 a day after its record HK$80 billion share placement to fund AI, while Xpeng dropped more than 8% following results.
Taiwan's TAIEX opened down 33.96 points at 44,728.36 and extended losses to 44,416.01, off 0.77% or 346.31 points as of 01:38 UTC, as chip names weakened. TSMC fell 0.84% to NT$2,355.
In mainland China, the Shanghai Composite eased 0.36% to 3,868.04, the CSI 300 fell 0.56% to 4,537.41 and the Shenzhen Component dropped 1.17% to 13,632.24, all as of 01:39 UTC, with technology sectors under pressure amid a report the US plans to impose a 7.5% overcapacity tariff on Chinese goods ahead of a Xi-Trump meeting.

Laopu Gold Co. reported slower revenue and profit growth in the first half as falling bullion prices reduced Chinese consumers’ appetite for its jewelry, according to Bloomberg.
The company said the decline in bullion prices dented demand for its luxury products.

Investment bankers and potential buyers are looking at assets that could come up for sale as Paramount Skydance Corp.'s legal fight to buy Warner Bros. Discovery Inc. continues, according to Bloomberg.
People familiar with the discussions said the dispute has dragged on, keeping attention on possible Warner assets that may be available.

Leveraged ETFs tied to Samsung Electronics and SK Hynix shed nearly $1 billion in August, their first monthly outflow since launching in late May. According to BeInCrypto, Bloomberg Intelligence data showed $601 million left SK Hynix-linked funds and $381 million exited Samsung-linked products as enthusiasm around the AI trade faded and regulators tightened speculative trading rules.
The products aim to deliver twice the daily move of the underlying stock. Trading volumes cooled after South Korean regulators raised the minimum deposit for new investors and required a five-day mock trading session.

JPMorgan Chase & Co. and Banco Santander SA are leading financing of up to $15 billion for Argentina LNG, a project to liquefy and export the country’s shale gas reserves, according to Bloomberg.
People familiar with the matter said the deal is for the landmark Argentina LNG project.

UBS Group AG is expanding its effort to offer clients leveraged deposits with Middle East lenders to benefit from higher regional savings rates, people familiar with the matter said, according to Bloomberg.

U.S. Treasury yields were little changed on Tuesday as investors waited for more data to assess the current state of the U.S. economy. According to Sina Finance, the 10-year Treasury yield, a key benchmark for mortgages, auto loans, and credit card debt, was flat at 4.7021%, while the 30-year yield held at 5.2297% and the 2-year yield stayed at 4.2421%.
Borrowing costs eased on Monday after two senior Treasury officials said the U.S. Treasury may tap nearly $1 trillion from the Treasury General Account to fund larger Treasury buybacks, though they did not say how much TGA money would be used. According to Sina Finance, the bond market has also been in focus since U.S. Treasury Secretary Scott Bessent unveiled a historic intervention last week.
Investors are now waiting for Fed Chair Kevin Warsh to deliver the keynote speech at this week's Jackson Hole annual economic symposium. According to Sina Finance, Mabrouk Chetouane, head of global market strategy at Natixis Investment Managers, said the Fed chair's remarks would likely continue the tone of the previous two Federal Open Market Committee meetings, and that a gap left after Jerome Powell's departure still exists in guiding market expectations.
Chetouane said the speech could disappoint markets and intensify pressure on the long end of the yield curve. According to Sina Finance, the Federal Reserve's preferred inflation gauge, the July personal consumption expenditures data, will be released on Wednesday, along with second-quarter GDP estimate data, while ADP weekly employment change data and U.S. new home sales data are due later on Tuesday.

AIB Group Plc is working with Banco Santander SA and Howden Group on a significant risk transfer tied to project finance as the Irish lender expands use of the hedging instrument across its loan book, according to Bloomberg.

HSBC Holdings Plc has bought at least $3 billion of Indian government bonds since July, using funds raised through a special diaspora dollar deposit program, according to Bloomberg.
People familiar with the matter said the bank deployed the deposits into the bond market after the program boosted its foreign-exchange funding pool.

According to the Korea Herald, HKET and Yicai, Asian equities mostly recovered on Tuesday as chip and tech names steadied a day after a sharp AI-driven selloff, with Seoul and Taipei staging late rebounds while Hong Kong ended little changed.
Tokyo's Nikkei 225 closed up 328.34 points, or 0.50%, at 65,856.43, recovering after slipping below 65,000 early in the session. Chip-equipment maker Tokyo Electron rose 0.47%, while Sony eased 0.47% and Advantest slipped 0.14%. SoftBank is planning a ¥1 trillion retail bond issue to help fund its OpenAI investment.
Seoul's KOSPI reversed a weak start to close 45.78 points, or 0.68%, higher at 6,742.74, after opening 2.4% lower and shedding more than 3% in the prior session on AI-profitability concerns. Samsung Electronics finished flat at 257,000 won and SK hynix added 0.42% to 1.68 million won, while Hyundai Motor gained 1.69%. LG Energy Solution fell 3.45% and SK Innovation lost 3.92%. Foreign investors sold a net 3.82 trillion won.
Hong Kong stocks were little changed, with the Hang Seng Index down 6.23 points, or 0.02%, at 25,511.10; the Hang Seng TECH Index eased 0.12% and the state-owned enterprises gauge fell 0.31%. Meituan dropped 6.65% and XPeng slid about 9% after reporting a wider second-quarter net loss of 1.34 billion yuan and soft third-quarter guidance. Lenovo rose more than 3% and NetEase gained over 2%, while chip name GigaDevice added more than 4% in an afternoon bounce; gold miner Lingbao Gold fell more than 6%. Xtep climbed about 5% after interim results despite an 11% profit decline.
Taiwan's TAIEX rebounded 407.14 points, or 0.91%, to close at 45,169.46, swinging through a near-1,000-point intraday range after falling more than 500 points at one point. TSMC rose 1.05% to NT$2,400, boosted by heavy late-session buying that added about 200 index points; foreign investors were net sellers of NT$5.3 billion.
In mainland China, the Shanghai Composite added 0.19% to close at 3,889.44, while the Shenzhen Component fell 0.35% to 13,745.87 and the ChiNext Index dropped 1.00% to 3,397.52. More than 4,200 stocks advanced as farming and pharmaceutical shares led gains; combined turnover eased to 1.83 trillion yuan.