Real-time News

TD COWEN: Lowered its target price for Workday from $220 to $210.

TD COWEN: Raises target price for Marwell Technology (MRVL.O) from $225 to $245.

Toyota Motor (TM.N): In July, the parent company's Japanese automobile production increased by 12.4% year-on-year to 328,157 vehicles.

Toyota Motor Corporation (TM.N): In July, the parent company's overseas automobile production fell 9.8% year-on-year to 500,472 vehicles.

Toyota Motor Corporation (TM.N): The parent company's global sales fell 4.8% year-on-year in July to 856,125 vehicles.

Toyota Motor Corporation (TM.N): In July, the parent company's global automobile production fell 2.1% year-on-year to 828,629 vehicles.

Investment bank DA Davidson raised its price target for Ulta Beauty from $585 to $625.

JPMorgan Chase lowered its price target for Kroger (KR.N) from $63 to $62.

On August 28th, at a press conference for the 2026 Guangdong Golden Autumn Consumption Season and Cultural Tourism Industry Investment Promotion Conference, it was announced that the Guangdong Golden Autumn Cultural Tourism Consumption Season will officially launch on September 11th and last until the end of October, covering the Mid-Autumn Festival and National Day holidays. The Guangdong Provincial Department of Culture and Tourism will distribute 30 million yuan in cultural tourism consumption subsidies. From September 11th to October 31st, the subsidy program will have two sessions: offline and online. The offline session will allow users to claim coupons through the UnionPay app, which can be redeemed at participating merchants; the online session will allow users to purchase coupons through relevant platforms for instant discounts. Products cover hotels, guesthouses, scenic spot tickets, tour packages, as well as cruise ships, yachts, study tours, family travel, and senior citizen health and wellness services, with a maximum discount of 500 yuan per transaction.

Barclays raised its price target for Workday from $200 to $224.

August 28th - Omdia's latest forecast analysis shows that shipments of custom AI ASICs will surpass those of GPUs in 2028. Omdia predicts that AI ASIC shipments will reach 10.5 million units in 2028, while GPU shipments will reach 10.1 million units. Omdia data shows that the situation is different in terms of revenue: GPU revenue is expected to lead until 2032, although the gap will gradually narrow starting in 2029. The underlying logic is simple: GPU prices are very high and still rising, a factor that currently offsets the faster growth in AI ASIC shipments.

The yield on Japan's 5-year government bonds rose 4 basis points to 2.195%, a record high.

China Merchants Port Holdings (00144.HK): Revenue of HK$7.3 billion and net profit of HK$3.83 billion for the first half of 2026. Interim dividend of HK$0.25 per share.

The yield on Japan's 30-year government bonds rose 5 basis points to 4.11%.

August 28th - The latest data released by the Argentine government shows that Argentina's daily oil production exceeded 916,000 barrels in July, a year-on-year increase of 17.2%, setting a new record. The data shows that the Bacmuerta oil field was the main driver of Argentina's oil and gas production and exports growth. In July, the field produced over 643,000 barrels of oil per day, a year-on-year increase of 26.4%; and 96.5 million cubic meters of natural gas per day, a year-on-year increase of 5.9%. Located in Neuquén Province, Argentina, the Bacmuerta oil field is rich in shale oil and shale gas and is an important oil and gas resource area for the country. According to Argentine media reports, against the backdrop of increased oil production, crude oil has become one of Argentina's main export products this year.

August 28th - Demand was weak in Friday's two-year government bond auction amid rising market expectations of a tightening monetary policy from the Bank of Japan. The bid-to-cover ratio was 2.97, down from 3.63 the previous auction and below the 12-month average of 3.74. Another indicator of weak investor interest was the tail spread, the difference between the average winning bid and the lowest winning bid, which was 0.034 this time, up from 0.007 last month. This measure of demand is the weakest since 2016. Japanese government bond yields have risen sharply as investors increase their bets on another imminent interest rate hike by the Bank of Japan. The government, led by Prime Minister Sanae Takaichi, reportedly supports a rate hike as early as September to counter the continued weakness of the yen. Overnight index swaps showed an approximately 84% probability of a September rate hike by the Bank of Japan, with the market already fully pricing in an October rate hike.

Nepal's Ministry of Finance: Flood damage in Nepal has reached at least several billion US dollars. Preliminary estimates of the GDP impact are worrying.

Gold mining stocks are surging, with August gains exceeding any month's performance of chip stocks in recent years. The MSCI World Gold Mining Index has risen 43% this month, on track for its biggest monthly gain on record. The MSCI World Semiconductor Index and the Philadelphia Semiconductor Index both posted their best monthly performances this year in April, rising 27% and 38% respectively. This rally was swiftly triggered earlier this month after the U.S. Treasury unexpectedly announced plans to expand bond buybacks and lower borrowing costs. Tomasz Godziek, head of equities at Gain Capital, stated, "From an equity investment perspective, gold is one of our most overweight sectors." He is bullish on the investment logic of a depreciating dollar and also believes gold is a strategic asset that central banks can use to diversify their reserves. Meanwhile, rising global bond yields and increasing market skepticism about the returns on massive AI spending are putting pressure on technology stocks.

According to a Japanese Financial Services Agency (FSA) official, the FSA has expressed concern about "50-year mortgage loans" and has strengthened its oversight of personal loans.

August 28th - According to an exclusive report by the British newspaper *The Guardian* on the 27th, the US-led war against Iran has plunged the US military into a "severe financial crisis," forcing the US Navy to divert funds from salaries and other sources to pay for operations. The report states that the joint US-Israeli military operation against Iran has placed enormous pressure on the overall US military budget. This military operation has depleted US ammunition reserves and triggered retaliatory strikes from Iran, which damaged multiple US strategic bases in the Middle East.