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1.16279
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Gold
4475.12
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89.085
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156.287
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Real-time News
On September 4th, three senior Iranian sources stated that the effects of US sanctions and blockades against Iran are beginning to emerge. In recent weeks, the US has sought to further increase economic pressure on Tehran in an attempt to force concessions from Iran in future negotiations. The six-month-long conflict has so far failed to compel Iran to make any of the concessions the US seeks. The sources said that although Iran has managed to circumvent sanctions for decades, recent US measures have made Irans situation more vulnerable. Iran now has only a few channels left to obtain foreign exchange or purchase goods. The sources specifically pointed out that the US attempt to cut off Irans long-standing international financing networks poses a real and imminent threat to Iran. If an economic war successfully breaks the months-long stalemate, it will boost the confidence of US policymakers. However, Iran has also warned that it may respond to economic pressure with military escalation, making the situation even more risky at this critical juncture.On September 4th, experts stated that as valuations of some companies in the artificial intelligence (AI) sector begin to appear overvalued, investors should focus on the productivity growth of AI companies. Jakub Nytra, founding partner of venture capital firm Purple Ventures, said, "We are likely to see a reshuffling as investors become more discerning about which technologies can create real value and which are merely functionalities disguised as business models." He predicts that capital allocation will become more selective over the next 6 to 12 months. Market concerns about a bubble persist because companies continued increases in capital expenditure seem endless, and extremely high growth figures raise questions about the sustainability of this expansion. Nytra stated that while AI can transform the economy, not every company that includes AI in its funding pitches deserves an extraordinary valuation. "The ultimate winners will be those companies that use AI to solve costly and extremely complex problems."On September 4th, it was reported that Zhipus launch of its official flagship store on Tmall has sparked widespread discussion. Data shows that within 48 hours of opening, brand searches for Zhipu surged 50 times compared to the previous period, driving a more than 160% increase in sales of subscription products such as AI tokens on Taobao and Tmall. Previously, Tmall launched the AI Space Station (Token Recharge Center), initially connecting major model manufacturers such as Alibaba Cloud, Zhipu, Kimi, MiniMax, and DeepSeek, allowing users to directly purchase related subscription services like "topping up phone credit."The National Bank of Kazakhstan lowered its policy rate to 16.25%, down from 16.75%. The central bank stated that there is limited room for further rate cuts.At midday closing, most domestic futures contracts rose, with ferrosilicon hitting its daily limit up, polyvinyl chloride (PVC) rising nearly 5%, liquefied petroleum gas (LPG) and palladium rising over 3%, soda ash rising nearly 3%, caustic soda rising over 2%, and alumina and Shanghai silver rising nearly 2%. On the downside, lithium carbonate fell over 7%, low-sulfur fuel oil (LU) fell over 2%, paraxylene and PTA fell over 1%, and SC crude oil fell nearly 1%.
