Real-time News

On August 28th, Ko Nakayama, an economist at Okasan Securities, stated that the latest consumer price data from Tokyo shows the increasing impact of rising oil prices due to the Middle East conflict. The data indicates widespread price increases in everyday household items such as facial tissues, toilet paper, cling film, plastic bags, and kitchen paper towels, suggesting that cost pressures from Middle East tensions may be more broadly transmitted to commodity prices. This aligns with the Bank of Japan's view that the impact of rising oil prices will become apparent around the summer. Overall consumer prices in Tokyo's wards rose 1.9% year-on-year in August, higher than July's 1.8%.

August 28th - From 8:00 AM on August 27th to 8:00 AM on August 28th, according to monitoring by the Guangxi Hydrological Center, moderate to heavy rain fell in parts of Beihai, Guilin, Liuzhou, and Hechi, with localized areas experiencing torrential to extremely heavy rain. The highest daily rainfall was recorded in Yintan Town, Yinhai District, Beihai City, at 150.0 mm. At 8:00 AM on the 28th, 20 stations on 14 rivers in Guangxi, including the Yujiang, Zuojiang, and Mingjiang rivers, exceeded warning levels by 0.01 to 5.82 meters. The Guangxi Hydrological Center predicts that in the next 24 hours, the Guigang urban section of the Yujiang River will experience flooding exceeding the warning level by approximately 3.0 meters; the Qingshui River (a tributary of the Hongshui River), the Wuming River (a tributary of the Youjiang River), the Xiangjiang River, the Guijiang River, and the Qinglongjiang and Linglijiang Rivers (tributaries of the Yujiang River) may experience rises of 1 to 3 meters. Significant rises in water levels are possible in some small and medium-sized rivers in cities such as Hechi, Baise, Chongzuo, Nanning, Laibin, Guigang, Yulin, Beihai, Qinzhou, Fangchenggang, Guilin, and Liuzhou.

On August 28th, at a press conference held by the State Council Information Office, Vice Minister of Commerce Yan Dong stated that during the 15th Five-Year Plan period, the Ministry of Commerce will further implement the action plan to upgrade and expand the service industry, accelerate the innovative development of service trade, promote the opening up and cooperation of the service industry, and cultivate more "Chinese service" brands. We will focus our efforts on the following three aspects, which can be summarized as "three new aspects." The first "new aspect" is accelerating the cultivation of new drivers of trade. The second "new aspect" is steadily expanding new market space. The third "new aspect" is actively promoting new improvements in the business environment.

Moscow says drones attacked oil product warehouses and apartment buildings in Sevastopol, which is under Russian control.

On August 28th, the Guoguang Quantum AI Research Team introduced relevant quantum technologies into the decision-making and reasoning processes of large language models, and launched the Xuanmi Large Model family for scientific research and academia. In specific tasks such as scientific research popularization, routing, and agent decision-making, Xuanmi demonstrates more stable professional understanding, clearer task judgment, and shorter decision paths compared to mainstream open-source models.

On August 28th, the highest 7-day annualized yield of Tencent Wealth Management's "Current Account +" was 1.1700%, and the lowest was 0.7050%. The highest 7-day annualized yield of WeChat Pay's "Lingqian Tong" was 0.9780%, and the lowest was 0.8720%. The highest 7-day annualized yield of Alipay's "Yu'ebao" was 1.0440%, and the lowest was 0.9010%.

As of 09:30 Beijing time, New York gold futures fell 0.34%, New York silver futures rose 0.72%, and New York copper futures rose 0.07%.

On August 28, Russian State Duma Chairman Volodin, in an interview, strongly refuted Japan's comments regarding Russian President Putin's visit to Iturup Island (known as Etorofu Island in Japanese). Volodin emphasized that the Japanese leadership should face up to its history of aggression. During World War II, Japanese militarism caused severe harm to many countries and was punished for it. Now, the Japanese leadership is reviving dangerous rhetoric, which will only lead to further defeat.

According to JLC Network Technology's calculations, as of the tenth working day on August 28th, the average price of benchmark crude oil was $88.21 per barrel, with a change rate of 6.74%. Domestic gasoline and diesel retail prices should be increased by 375 and 360 yuan/ton, respectively. 1. Shandong Local Refineries: With international crude oil futures prices rebounding at the close, coupled with a moderate increase in purchases by industry players yesterday, local refineries are close to achieving a balance between production and sales of gasoline and diesel. Driven by positive factors, it is expected that the price of refined oil products from Shandong local refineries will rise by 30-50 yuan/ton today. 2. East China: On Friday, crude oil prices rebounded at the close, and the window for price increases opened, providing renewed support from the news. It is expected that gasoline and diesel prices from major oil companies in East China will consolidate at high levels today, with industry players mainly operating on an as-needed basis, resulting in a relatively weak market trading atmosphere. 3. South China: On Friday, international crude oil prices rose at the close, and the window for retail price increases opened. Positive news boosted the market, and it is expected that gasoline and diesel prices from major oil companies in South China will remain high and consolidate today, with the terminal market mainly purchasing on an as-needed basis, resulting in a sluggish trading volume. 4. North China: On Friday, the rebound in international oil prices narrowed, and the window for retail price increases opened, which is expected to support the high prices of gasoline and diesel from major oil companies in North China. A small number of prices may see slight increases. Traders are cautious with their immediate needs, resulting in a quiet and stable trading environment. 5. Central China: On Friday, crude oil prices rebounded after a decline, and the window for retail price increases opened. Supported by this positive news, gasoline and diesel prices from major oil companies in Central China are expected to remain high today. Traders are purchasing only as needed, resulting in a quiet and stable market.

On August 28th, the State Council Information Office held a press conference to introduce the development of China's service trade and the progress of preparations for the 2026 China International Fair for Trade in Services (CIFTIS), and answered questions from reporters. The press conference announced that this year's CIFTIS will further leverage its role as an open platform, establishing a "China Services" exhibition area in the core area of the thematic exhibition for the first time to showcase innovative achievements and typical cases in the service trade sector from various regions. The Global Service Trade Summit will continue to be held at a high level, authoritative reports such as the "China Service Trade Development Report" will be released, and nearly 100 conferences and events will be held to provide opportunities for countries around the world to discuss and promote the liberalization and facilitation of service trade.

On August 28th, the Ministry of Industry and Information Technology (MIIT) released the economic performance of the telecommunications industry for the first seven months of 2026. As of the end of July, the number of broadband internet access ports nationwide reached 1.27 billion, a net increase of 21.52 million compared to the end of last year. Among them, fiber optic access (FTTH/O) ports reached 1.23 billion, a net increase of 19.35 million compared to the end of last year, accounting for 96.7% of all broadband internet access ports. As of the end of July, the number of 10GPON ports with gigabit network service capabilities reached 33.04 million, a net increase of 1.417 million compared to the end of last year. As of the end of July, the total number of 5G base stations reached 5.154 million, a net increase of 316,000 compared to the end of last year, accounting for 39.4% of the total number of mobile base stations, an increase of 0.3 percentage points compared to the first half of the year.

On Friday, August 28, the Hong Kong Hang Seng Index opened down 155.28 points, or 0.61%, at 25,410.46; the Hang Seng Tech Index opened down 39.31 points, or 0.85%, at 4,580.98; the H-share Index opened down 64.6 points, or 0.76%, at 8,425.71; and the Red Chip Index opened down 2.11 points, or 0.05%, at 4,228.33.

August 28th - From January to July this year, the total value of social logistics in China reached 214.5 trillion yuan, a year-on-year increase of 5.0%. The total value of social logistics maintained stable growth, with some optimization in the demand structure. Specifically, the basic foundation of industrial goods logistics remained stable, and the trend of structural upgrading became increasingly apparent. From January to July, the total value of industrial goods logistics increased by 5.3% year-on-year. Among them, demand for traditional mining logistics was relatively weak, while manufacturing logistics remained the core engine of growth. In July, demand for manufacturing-related logistics increased by 5.5% year-on-year, 1 percentage point higher than the overall industrial goods logistics growth rate. Specifically, demand for equipment manufacturing logistics increased by 12.3% year-on-year, and demand for high-tech manufacturing-related logistics increased by 16.9%.

On August 28th, Levitt, on her last day as White House Press Secretary, gave an interview to reporters on August 27th, stating that she wouldn't truly miss her work. Levitt explained that she only did briefings and television appearances for 10% of her time, spending 90% of her time answering calls between 5 AM and 11 PM, and she wouldn't really miss that period. Levitt described her departure as "bittersweet" and said she would miss everyone. She also stated that she was leaving to spend more time with her family. No successor has yet been announced, but Trump previously mentioned receiving many job applications.

The yield on Japan's 5-year government bonds rose 2 basis points to 2.175%, while the yield on Japan's 40-year government bonds rose 2 basis points to 4.15%.

International crude oil prices fell slightly. A chart provides a quick overview of the pre-market conversion prices of crude oil between domestic and international markets.

U.S. Central Command: We only allow ships to enter and leave Iranian ports for humanitarian reasons.

Futures News, August 28th: Overnight oil prices rebounded after a decline, and news regarding fuel oil improved slightly. Fuel oil costs are providing reasonable support, and supply shortages in some areas are encouraging refineries to increase production and maintain prices. Overall market negotiations remain at high levels, with downstream demand primarily driven by immediate needs. Fuel oil trading is expected to remain mostly stable today, with some minor adjustments.