Real-time News

On August 10th, SenseTime (00020.HK) announced that it has recently secured a multi-million yuan education contract with the Saudi National School Bus Operations and Management Authority to jointly develop a nationwide smart school bus integrated digital management platform centered on artificial intelligence. This platform will serve over 1.2 million students in Saudi Arabia, constructing an end-to-end digital management system covering the entire process of commuting to and from school. It will achieve integrated upgrades in school bus operation, safety supervision, service collaboration, and data governance, providing crucial support for the digitalization of education and the modernization of public services in Saudi Arabia.

Futures Commentary by Everbright Futures: Market sentiment was alternately dominated by US macroeconomic data and geopolitical tensions, with gold experiencing its strongest weekly performance this year last week. Since the second half of the year, gold price movements have shown signs of desensitization to US-Iran geopolitical tensions, with market focus primarily on whether the Federal Reserve "dares" to raise interest rates. Previously, US economic data showed resilience, but inflation data was somewhat stubborn, leading to a surge in expectations of a rate hike, particularly with the probability of a rate hike at the Fed's September meeting rising. However, with the weakening performance of US stocks at their high levels and the instability of employment data, the market questioned the Fed's, especially Warsh's, "hawkish" approach. The unexpectedly weak non-farm payroll data directly shattered previous market pricing in a September rate hike, causing US Treasury yields and the dollar to weaken in tandem, reinforcing the view that the US is struggling between high debt and persistent inflation. Furthermore, while previous outflows from gold ETFs dealt a blow to the market, data from the World Gold Council showed that central banks made a record net purchase of 289 tons of gold in the second quarter, with the People's Bank of China increasing its gold purchases for five consecutive months, further boosting market confidence. Therefore, overall, the view that the current position is the bottom range for gold is becoming more solidified, and it is advisable to buy on dips. In the short term, attention should be paid to whether there is a risk of profit-taking due to short-term emotional euphoria after gold's continuous rise.

The Central Bank of Uzbekistan reported that its gold and foreign exchange reserves totaled $64.347 billion in July (up from $63.757 billion previously).

Euro Stoxx 50 futures fell 0.02%, German DAX futures fell 0.02%, and UK FTSE 100 futures fell 0.39%.

CEO of Abu Dhabi National Oil and Gas Company: We will continue to closely monitor the situation in the Strait of Hormuz and consider various options.

August 10th - According to the latest mobile phone industry research from TrendForce, rising component prices, particularly memory chips, are pushing up the overall cost of Apple's upcoming iPhone 18 series. Taking the 256GB version's BOM (Bill of Materials) cost as an example, the estimated annual increase is around 38%, inevitably leading to a higher selling price. To avoid impacting consumer purchasing decisions, Apple may control the price increase by reducing profit margins in exchange for market share expansion.

Hong Kong-listed mainland property stocks fluctuated and strengthened, with Jinhui Holdings (09993.HK) once rising by more than 50%, Shimao Group (00813.HK) and Country Garden (02007.HK) rising by more than 10%, and Sunac China (01918.HK) and China Jinmao (00817.HK) following suit.

New York silver futures rose 1.00% on the day, currently trading at $64.44 per ounce.

According to Interfax news agency, the Russian city of Nizhny Kamsk has been hit by a large-scale drone attack, resulting in deaths.

According to TASS, drones attacked industrial and civilian facilities in Nizhny Kamssk, Russia.

August 10th - TSMC (TSM.N) announced its July revenue results. In July 2026, the company's revenue was approximately NT$467.58 billion, a 5.6% increase compared to June 2026 and a 44.7% increase compared to July 2025. Cumulative revenue from January to July 2026 reached NT$2,872.06 billion, a 37.0% increase compared to the same period in 2025.

TSMC (TSM.N): Revenue for the first seven months of 2026 was NT$2,872.064 billion, up 37% year-on-year.

On August 10th, JPMorgan Chase raised its year-end target for the S&P 500 to 8,000, citing strong corporate earnings and signs that AI investments by major cloud service providers are poised to drive faster revenue growth. This new target represents an upside of approximately 3.12% from Friday's closing price of 7,757.64.

The Governor of the Central Bank of Hungary stated that the central bank's previous forecast of an inflation rate of 1.8% for 2026 is still achievable.

Hong Kong-listed Kinsun Technology (09877.HK) surged over 4% in the afternoon after the company announced at midday that it expects its interim revenue to increase by 385% to 400% year-on-year.

Japan's economic watchers' outlook index for July was 45.8, down from 45.7 in July.

Japan's Economic Watchers Current Conditions Index for July was 45.7, down from 44 in the previous month.

Japan Meteorological Agency: There is a 100% chance that El Niño will continue into winter.

Japan Meteorological Agency: The El Niño phenomenon has persisted since the spring of 2026.

JPMorgan Chase: Raises its year-end 2026 target for the S&P 500 to 8,000 points, up from 7,800 points previously.