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US stocks closed broadly lower on Monday after military clashes between the United States and Iran erupted again for the first time in a month, according to Sina Finance. The Dow Jones Industrial Average fell 0.70%, the S&P 500 dropped 0.33% and the Nasdaq declined 0.12%.
Edison International sank 23.08%, Pacific Gas and Electric fell 20.06%, HWM lost 7.51%, Sempra Energy dropped 3.10%, Aon slid 9.53% and GEV eased 1.47%, while Super Micro Computer rose 0.54%.
Among the "Magnificent Seven," Nvidia gained 1.36%, Tesla rose 5.51%, Apple fell 0.89%, Meta Platforms declined 0.98%, Microsoft dropped 1.22%, Amazon lost 2.50% and Google fell 2.18%; the US Federal Trade Commission sued Amazon.
On Sunday, US Central Command confirmed to MSNOW that US forces struck two rocket launch sites on Iran's Larak Island, the first publicly acknowledged US military strike on Iranian targets since late July.
Iranian state media reported that Iran retaliated by attacking a US military base in Jordan. Oil prices surged on the renewed hostilities: NYMEX light crude for October delivery rose $2.36 to settle at $85.76 a barrel, up 2.83%, while London Brent crude for November delivery gained $2.39 to $90.49 a barrel, up 2.71%.
Despite August volatility, major indexes were still on track for monthly gains led by the technology sector. The Dow was up 2.1% so far this month, on track for a fifth straight monthly gain, while the S&P 500 and Nasdaq were poised for their first monthly rise since May, up roughly 3% and 4% respectively. The S&P 500 technology sector climbed nearly 6% this month, with Nvidia up more than 8% and Microsoft and Micron Technology up 10% and 13% respectively.
Inflation concerns drove US Treasury yields to multi-year highs, and the Treasury expanded its buyback program to curb the bond selloff, though long-end yields remained elevated. Federal Reserve Chair Kevin Warsh voiced concern over inflation, saying that although this summer's inflation data came in better than expected, it did not represent a substantive improvement in the underlying trend.
Barclays economist Jonathan Millar wrote that Warsh's hawkish remarks put the odds of a 25-basis-point September rate hike above 50%, with a base case of another hike in December.
Societe Generale expects the Fed to begin raising rates in September, forecasting 25-basis-point hikes at the September and December meetings and one more in March 2027. The August nonfarm payrolls report is due Friday morning.

Anthropic PBC agreed to a $35 billion computing deal with Lambda, a cloud provider backed by Nvidia, as part of an effort to quickly expand its AI capacity, according to Bloomberg, citing a person familiar with the matter. Infrastructure company Hut 8 is developing the Texas data center involved in the project, the person said, asking not to be identified because the discussions are private. The Wall Street Journal previously reported that Nvidia would hold the lease on the data center, located in Nueces County, Texas.
The deal is the latest AI computing agreement tied to Nvidia, the world's most valuable business and the leading provider of AI chips, which has been using its financial resources to expand access to computing infrastructure, in turn boosting demand for its technology. Anthropic has emerged as one of the most significant customers for data center power. The Claude chatbot maker last week agreed to spend $45 billion to rent capacity from Nscale in West Virginia, and in recent months has signed cloud deals worth $50 billion with neocloud Fluidstack and $45 billion with Elon Musk's SpaceX.
A representative for Anthropic declined to comment, while Nvidia, Lambda and Hut 8 did not immediately respond to requests for comment. Bloomberg reported last week that Lambda is in talks to raise as much as $3 billion and has discussed a valuation of $12 billion or more, according to people familiar with the talks. Lambda raised more than $1.5 billion in a November funding round and reached an agreement with Microsoft last year to deploy AI infrastructure powered by tens of thousands of Nvidia processors.

Apple's Tim Cook told employees that he will miss the role of chief executive officer but has "enormous comfort" in the leadership of his replacement, John Ternus, according to Bloomberg. Cook made the comments in an email to all employees on Monday, his final day as CEO. He took over from Steve Jobs in August 2011, embarking on a record-breaking 15-year tenure that included the launch of the Apple Watch and AirPods and major expansions to the iPhone, iPad and Mac lines.
"As you know, I am not leaving Apple. But I am stepping away from a role that I have loved deeply," Cook said in the email, adding that he will miss the work in ways he can only begin to imagine even as he remains completely at peace with his decision. Discussing Ternus, Cook said few people understand what it takes to build products that change the world the way John does, and that he could not be more excited for his leadership.
In his new role as executive chairman, Cook will remain responsible for working with governments around the world, including those of the US and China. In the memo, he thanked employees for the privilege of a lifetime serving as their leader, said the company is proof that culture triumphs over everything, and expressed hope that they will continue to be proud to be part of Apple and always give it their best.

Venezuelan crude oil exports rebounded in August as the administration of US President Donald Trump sought greater control of the country’s oil sector, according to Bloomberg.

Nvidia is investing $3.5 billion in MediaTek, deepening its collaboration with the Taiwanese chipmaker as it works to persuade more companies to build chips that plug into its dominant data center ecosystem, according to Bloomberg. Nvidia will buy bonds convertible into MediaTek shares, the companies said in a joint statement Monday, in what will be Nvidia's largest direct investment yet outside the US. The stake is part of a $3.9 billion US dollar-denominated convertible bond sale by MediaTek, with Alphabet and other investors also participating, MediaTek said without specifying amounts.
The investment broadens a partnership that will see MediaTek use Nvidia's NVLink Fusion and the newly announced NVHBM technology to help components communicate more seamlessly in data centers, as the smaller company seeks to challenge Broadcom and Marvell Technology by helping data center owners create their own components. Nvidia CEO Jensen Huang told Bloomberg Television the deal makes an existing partnership much bigger, calling it a massive engineering alignment carried out over a decade-long road map, and said Nvidia's networking ecosystem is now part of MediaTek's supply chain while MediaTek's XPU is part of Nvidia's.
For Nvidia, the agreement is the latest effort to ensure the future of AI is built around its hardware platform and standards, following a similar deal with Amazon, which agreed to deploy an additional 2 million Nvidia components and use Nvidia's connection technology with its in-house chips. The moves let Nvidia retain a central role in AI data center build-outs even as companies deploy chips designed to replace its main offerings. Addressing concern about the circular nature of such investments, Huang disputed the idea Nvidia is creating false demand, saying it is not circular because MediaTek is already highly profitable and successful.
MediaTek, whose market value has roughly tripled in recent months, secured a partnership with Alphabet's Google earlier this year and is gaining credibility as a design partner for firms building their own AI chips. It already helps Nvidia with the RTX Spark product for laptops. CEO Rick Tsai said he expects the AI chip business to accelerate after the deal but that it will take some time. MediaTek previously guided its AI chip sales to about $2 billion this year and is aiming to secure 15% of the $80 billion segment next year, while Nvidia continues to forecast a 70% sales increase next year.

Venezuelan oil production will take decades to return to its peak of more than 3 million barrels a day, even as a deal with the US lifts near-term output, according to Bloomberg reported and Rystad Energy.

Gold extended its decline on the last trading day of August after international spot gold fell more than 3% in the previous session, its biggest one-day drop since June 10. According to Odaily, the pullback followed hawkish signals from Fed Chair Kevin Warsh and came as expectations for a weaker U.S. dollar faced pushback from higher interest rates and rising Treasury yields.
Market observers said rising oil prices are adding to inflation pressure, which could keep the Federal Reserve at higher rates or lead to further hikes. They also said the U.S. fiscal deficit, expanding government debt, and Treasury intervention in the bond market may continue to support gold over the long term.

According to Wallstreetcn, WTI crude futures for October settled at $85.76 a barrel, NYMEX October natural gas futures settled at $2.9350 per million British thermal units, and NYMEX October heating oil futures settled at $4.4937 a gallon.

U.S. stocks closed lower on Monday, with the Dow down 0.70%, the S&P 500 down 0.33%, and the Nasdaq down 0.12%. According to Sina Finance, Amazon fell 2.50% after the U.S. Federal Trade Commission sued the company, while Tesla rose 5.51% and Nvidia gained 1.36%.
Oil prices jumped after renewed clashes between the United States and Iran. According to Sina Finance, West Texas Intermediate crude for October delivery rose $2.36 to $85.76 a barrel, while Brent crude for November delivery rose $2.39 to $90.49 a barrel.
The article also said U.S. Treasury yields remained elevated as inflation concerns persisted, and that Barclays economist Jonathan Miller wrote in a research note that a 25-basis-point rate hike in September now has more than a 50% chance. According to Sina Finance, Société Générale expects the Federal Reserve to raise rates in September and again in December, with another hike in March 2027.
Investors will next watch Friday morning's August nonfarm payrolls report, along with upcoming manufacturing and services PMI data.

The US Department of War said it will provide $174 million in financing to Alcoa Corp. for a gallium plant at its alumina refinery in Western Australia, according to Bloomberg.
Washington is seeking to reduce its reliance on China for critical minerals.

Citi Group plans to increase headcount in its global corporate banking unit serving North Asia clients by about 25% this year. According to Sina Finance, JianXun Toh, who oversees corporate banking in Japan, North Asia and Australia, said the bank will add staff in North America, Latin America, Europe and Asia to support overseas business for clients in Greater China, Japan and South Korea.
Toh said Citi's network revenue in Japan, North Asia and Australia has grown at a double-digit annual pace over the past five years, and that the bank has seen more hedging activity this year because of foreign exchange market volatility. He also said more North Asia clients are expanding internationally to capture AI-related opportunities, especially in AI infrastructure construction.

Wells Fargo Equity Research Analyst Timna Tanners said the steel rally may be nearing its peak, warning that high prices could draw imports and come under pressure from new domestic capacity, according to Bloomberg.
She said Canada’s looming counter-tariffs are largely symbolic and said Nucor and Steel Dynamics could outperform if steel prices retreat.

According to Wallstreetcn, the U.S. crypto and crypto-linked equity index rose 3.79% to 69.90 points and gained 8.81% in August, while spot bitcoin rose 0.33% over the past 24 hours to $78,832.69 and was up 25.18% in August, and ether fell 0.91% to $2,473.340 after rising 32.34% in August.

According to Wallstreetcn, Intercontinental Exchange (ICE) said that from the trading day of October 5, its U.S. futures market will list financial natural gas liquids, Americas physical crude oil, Americas crude oil, and U.S. crude oil futures and options contracts for market trading.

According to Jin10, TD Securities global commodities strategy head Bart Melek said traders reduced net crude oil positions this week because uncertainty over the next phase of the Iran conflict persists, and he still expects oil prices to keep rising because there are no signs that normal passage through the Strait of Hormuz will resume in the near term.

Dell Technologies reports fiscal second-quarter results Tuesday after the close, and options expiring September 4 imply an 11% move in either direction. The at-the-money straddle costs about $52 versus Dell’s $456.01 close on Monday, according to BeInCrypto, as investors brace for a reaction to guidance on revenue, AI server sales and margins.
Dell guided for $44 billion to $45 billion in revenue, about $4.80 a share in adjusted earnings and roughly $15.5 billion in AI server revenue. It also said Infrastructure Solutions Group revenue should grow about 75%.

According to CNBC, CME Group began offering a new futures contract on Sunday that represents 10 barrels of West Texas Intermediate crude, or about $860 at current prices. The contract is smaller than CME's Micro WTI contract, which covers 100 barrels, and its standard contract, which covers 1,000 barrels.
The launch comes as oil prices inched lower on Monday after OPEC+ agreed to further increase output targets from August and exports from key producers via the Strait of Hormuz recovered. Market participants said the smaller contract could make crude trading more accessible to retail investors, following growth in online brokerage platforms, exchange-traded funds and smaller futures products. CME said its 100-barrel Micro WTI futures averaged 272,000 contracts a day in May, up 317% from a year earlier.

Baidu Group said its previously announced voluntary conversion of its Hong Kong Stock Exchange secondary listing status to a dual primary listing took effect on September 1, 2026. The company is now dual primary listed on the Hong Kong Stock Exchange and Nasdaq Global Select Market, and its ordinary shares in Hong Kong and American depositary shares on Nasdaq will remain convertible, according to Jiemian News.

According to Jin10, Hong Kong stocks opened lower, with the Hang Seng Index down 0.59% and the Hang Seng Tech Index down 0.62%, while new energy vehicle makers, oil, biopharmaceuticals, and nonferrous metals led gains; Zhipu (02513.HK) fell more than 4% after earnings.

According to JPX official data, RTHK and HKET, Asian index-futures traded lower overnight as a renewed US-Iran military exchange pushed Brent crude above US$90 a barrel and lifted the US 10-year Treasury yield to a 19-month high, while Wall Street and European markets dipped on hawkish remarks from US Federal Reserve chief Kevin Warsh. The United States said it had struck Iranian rocket launchers in the Strait of Hormuz, and Tehran retaliated with missiles at US targets in Jordan.
The near-month Nikkei 225 index futures (September 2026 contract) ended the Osaka Exchange night session at 65,820, down 630 points, trading between a high of 66,540 and a low of 65,720 from an open of 66,370, as firmer expectations of Bank of Japan rate hikes weighed on risk appetite.
Korean night-index futures fell, according to Yonhap, tracking the softer overnight tone on Wall Street. In the prior cash session the KOSPI had closed 0.46% higher at 6,820.02, supported by share buybacks from Samsung Electronics and SK Hynix.
Hang Seng Index night futures closed 107 points lower at 25,346, while the China-concept night index eased 2.2% to 6,074. In US ADR trading, Alibaba fell 2.17% against its Hong Kong close, Tencent's ADR slipped 1.04% and Meituan's eased 0.75%, though HSBC's ADR firmed 0.43%. Southbound flows drew a net HK$2.14 billion into Hong Kong stocks for a fourth straight session.
Taiwan's TAIEX futures were little changed, with the near-month (September 2026) contract ending the night session at 45,978, up 1 point or 0.00%, after ranging between 46,195 and 45,788 on volume of 25,137 lots.

Robinhood ecosystem meme coin MOO has a market capitalization above $15 million and is trading at $15.44 million, up more than 500% over the past 24 hours. According to Odaily, MOO is a stock-themed meme coin on the RH chain with the MOO/MU trading pair, directly paired with tokenized Micron stock on Robinhood Chain.

U.S.-listed Chinese ADRs mostly declined overnight, with Alibaba, Baidu, JD.com, PDD Holdings and Bilibili among the names under pressure, according to ETNet.
Alibaba fell 4.10% to $114.02, Baidu dropped 1.89% to $95.28, JD.com lost 1.74% to $28.24 and PDD Holdings slipped 1.97% to $84.00. Among other movers, Futu Holdings fell 1.71% to $122.14, Beike shed 6.17% to $17.19 and Lexin declined 9.32% to $1.07.
Among the few gainers, Cheetah Mobile rose 2.42% to $3.38, DouYu added 1.17% to $4.33, iQIYI gained 1.51% to $0.93 and Yunmi climbed 8.79% to $0.95. The dollar was quoted at HK$7.8384.

Shein Global Holdings Ltd. is set to begin trading in Hong Kong after raising HK$13.6 billion, according to Bloomberg.
The initial public offering values the consumer company at $1.7 billion and will test investor appetite for stocks outside the artificial intelligence supply chain.

Brooks Cutright, portfolio manager at Hedgeye Asset Management, said investors are trying hard to outfox the S&P 500 on Bloomberg ETF IQ, according to Bloomberg.
Index-tracking funds have nearly $27 trillion tied to the benchmark. This Friday, the S&P 500 is set to announce additions and deletions as part of a rebalancing, with 36 companies qualifying for entry and more than 110 current members no longer meeting the index's market-cap hurdle.

According to CNBC, Citadel Securities head of equity and equity derivatives strategy Scott Rubner told clients that the bullish setup that drove the S&P 500 to records in August is fading, with September seasonality, the earnings calendar, buyback trends and retail trading patterns all pointing to a less favorable near-term risk-reward. He said the upside catalysts are becoming less obvious while downside catalysts are becoming more numerous, and noted that investors are entering a more macro event-heavy period while paying relatively little for protection. The S&P 500 hit an intraday all-time high of 7,816.70 this month after rising almost 7% from the end of July through the first week of August, then moved sideways to lower as the Cboe Volatility Index fell to 14.1 last week, its lowest level of the year. Rubner also said corporate buybacks are likely to slow as the blackout period for share repurchases accelerates around Sep. 12.

Rumours that mainland banks delivered solid first-half results and benefited from improved deposit-loan spreads, along with a longer 40-year term for mainland mortgages, were said to have supported the sector, according to ETNet. Bank of China (03988) closed at HK$5.90 on Tuesday, up 5.7%.
Market talk also said Apple and Huawei are set to launch new smartphones, which could lift production orders and shipments. BYD Electronic (00285) jumped 9% to HK$27.00, with turnover of HK$1.6 billion.

According to Wallstreetcn, the U.S. Federal Trade Commission (FTC) will sue Amazon over advertisers, and public prosecutors from 20 U.S. states have also sued the company.

According to Wallstreetcn, the final trading day of August overnight repurchase agreements ended a period of stable funding conditions, even as heavy supply of short-term U.S. Treasury bills has been entering the market since last month. Wells Fargo strategists said the trend may continue into the first half of September, until before the tax deadline, after funding costs had stayed low because of insufficient supply, abundant cash in the market, and the availability of dealer intermediation before the Treasury began increasing short-term bill issuance in July.

Colombia’s incoming administration plans to raise about $11 billion and carry out debt swaps to manage its 2026 financing needs, public credit director Cesar Arias told market makers, according to people who attended the meeting.
Bloomberg reported the plan as Colombia looks to address its 2026 funding requirements.

According to CNBC, Micron Technology shares have more than tripled this year and trade at just above 6 times forward earnings, making the stock one of the cheapest in the S&P 500 despite its rally. The article says the debate centers on whether Micron’s memory business is still as cyclical as in past semiconductor cycles or whether long-term customer agreements, including price ceilings, floors, binding volume commitments and take-or-pay provisions, are reducing earnings volatility.
The piece says Nvidia Chief Financial Officer Colette Kress told analysts after Nvidia reported earnings Wednesday evening that component costs have risen significantly and that the company is seeing extreme pricing conditions in memory. Micron, one of the three major suppliers of high-bandwidth memory used in AI systems, briefly opened about 3% higher on Thursday before ending lower. D.A. Davidson’s Gil Luria attributed part of the move to a broader trading unwind, with some investors selling semiconductors after software stocks rebounded sharply.
Micron has said the agreements generally extend through 2030 and that, once planned agreements are completed, roughly half or more of company revenue should be covered by them. Management has also said that minimum prices in contracts with price bands would still imply gross margins well above the company’s peak quarterly margins in previous memory cycles.

Man Wah Holdings said its subsidiary Southern Motion, Inc. is involved in a commercial dispute with its landlord and certain other creditors and has filed for Chapter 11 bankruptcy protection in the United States, according to ETNet.
The company said the filing was made to protect employees, key suppliers and customers while the acquired group, Gainline Recline Intermediate Corp., continues to operate under applicable law until the dispute is resolved. Man Wah completed the acquisition of Gainline Recline Intermediate Corp. in December 2025. The acquired group manufactures and sells upholstered furniture in the U.S. and operates eight production facilities in northern Mississippi, six of which are leased from the same landlord. It contributed about 2% of Man Wah's total revenue in the financial year ended March 31, and would have accounted for about 8% of total revenue on a pro forma basis if the acquisition had been completed at the start of fiscal 2026.

GameStop shares rose about 5% in Monday morning trading after the video game retailer released preliminary second-quarter results. According to Sina Finance, the company said its second-quarter profit is expected to be boosted by gains from its eBay holdings.
GameStop said net income for the quarter ended August 1 is expected to be between $290 million and $310 million, compared with $168.6 million a year earlier. The company said it converted its eBay derivative position into common shares, generating about $238 million in gains. It now holds 43.4 million eBay common shares, with a market value of more than $4.9 billion.
Revenue is expected to decline, with sales forecast at $780 million to $800 million, below $972.2 million a year earlier. GameStop said it will release full second-quarter results on September 8. The company also disclosed an amended convertible note agreement earlier this month. GameStop shares are down 11% so far this year, and the company earlier made a $56 billion takeover offer for eBay that was rejected.

According to CNBC, U.S. oil company North American Blue Energy Partners will take over some oilfields previously controlled by five Chinese companies and a Russian firm under a broader oil production agreement announced by President Donald Trump with Venezuela. Two U.S. officials said the projects are among 14 contracts newly granted to the company, which is expected to control 17 projects in Venezuela and eventually use them to supply oil to the U.S. The officials said five of the 14 contracts had been operated by Chinese companies, one by a Russian company, two by China Concord Resources, one by Sinopec and one by China National Petroleum Corp, while two others were run by affiliates of Alex Saab and another was linked to a nephew of Cilia Flores. The officials also said talks between Venezuela's interim authorities and representatives of the 2015 National Assembly are aimed at restoring constitutional order and addressing legal questions around the country's transition.

Colombia’s new government said the country’s public finances showed a 9.4% deficit, and the peso fell 2.1%, according to Bloomberg.
The disclosure sparked one of the worst selloffs of the year in Colombia’s assets on Wall Street.

According to Jin10, the amount of time U.S. ultra-long Treasury yields have stayed elevated has reached its longest stretch since 2006, with investors expected to remain cautious in the coming weeks amid a large fiscal deficit, another wave of corporate bond issuance, and a potentially decisive Federal Reserve meeting. The U.S. 30-year Treasury yield briefly rose to 5.34% in mid-August, its highest level since 2007 and just 10 basis points below a 22-year high. As of Monday, the 30-year yield had closed above 5% for 55 days this year, the most since 2006, and it was quoted at 5.27% on Tuesday.

Bloomberg's Anthony Stephens said oil prices have become a driver of shorter-duration Treasury yields, according to Bloomberg.
He said rising oil prices are also boosting expectations that the Federal Reserve will raise interest rates.

Data compiled from HKEX Disclosure Easy's Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect holdings records showed that on the previous day, with holding date August 31, 2026, SenseTime-W (0020) saw the largest increase in holdings, up 63.447 million shares, while Industrial and Commercial Bank of China (1398) saw the biggest reduction, down 33.607 million shares, according to Ming Pao.

According to CNBC, U.S. stock futures were little changed Monday night after a losing session, even as the major benchmarks posted monthly gains in August. Dow Jones Industrial Average futures rose 11 points, S&P 500 futures were up less than 0.1%, and Nasdaq-100 futures were flat. The S&P 500 gained 2.6% in August, the Nasdaq Composite rose 3.9%, and the Dow added 1.3% for its fifth straight monthly advance. Wall Street ended the month lower, with the Dow falling more than 370 points in regular trading as oil prices climbed and rates moved higher after the U.S. struck two rocket launchers on Iran's Larak Island. Goldman Sachs traders said the market was showing signs of nervousness, citing new American Association of Individual Investors sentiment survey data. Investors are also facing a busy week of economic releases, including manufacturing and services data on Tuesday and Wednesday and the August jobs report on Friday, which economists polled by Dow Jones expect to show 53,000 jobs added.

According to Jin10, Kuaishou (01024.HK) rose more than 3% after the National AI Fund and CP Robot injected cash capital of RMB 1.4 billion and about $19.29 million, respectively, into Beijing Kling.

Japan's Nikkei 225 opened at 65,885.47 on Tuesday, down 0.64%, while South Korea's KOSPI Composite Index opened 0.5% lower at 6,784.29, according to ETNet.