Flash News

TREE NEWS reports: The Nasdaq Golden Dragon China Index closed up 0.8% on Friday, but fell 2.5% for the week. Among popular Chinese ADRs, Baidu gained 4%, Meituan rose 3.9%, and NetEase, Xiaomi, and New Oriental added about 2%, while Alibaba climbed 1.2%. ETFs KWEB rebounded 2% and CQQQ rose 0.4%.

TREE NEWS reports: For the week, the S&P 500 was roughly flat, the Dow fell 0.3%, and the Nasdaq rose 0.4%. The semiconductor index gained 2.2% and memory chip index 5.8%, while software ETF dropped 4.6%. On jobs day, the S&P 500 closed down 0.4%, but the Nasdaq 100 rose 0.2% with Sandisk up 11.6%.

TREE NEWS update: Anthropic is close to appointing Morgan Stanley and Goldman Sachs as core underwriters for its $200 billion IPO. The AI company has not yet confirmed the banks’ roles. If completed, it would be one of the largest tech listings in recent years.

TREE NEWS reports: Bitcoin fell $1,430 within five minutes of the Bureau of Labor Statistics reporting 162,000 August jobs, five times the average of the prior year. Polymarket traders moved a quarter-point September rate increase from 39.5 cents to the majority outcome inside 15 minutes.

TREE NEWS reports: CFTC data for the week ended Sep 1 showed speculators cut net long COMEX gold positions by 10,504 contracts to 140,811, the lowest in four weeks. Net long copper positions hit a five-week low, while net short NYMEX palladium positions reached an 11-week low.

TREE NEWS reports: CFTC data for the week ended Sept. 1 shows speculators increased net long NYMEX WTI crude oil positions by 15,046 contracts to 119,619, a 12-week high. Combined Brent and WTI net longs hit a 15-week high, while net longs in NYMEX gasoline reached a nine-month high.

TREE NEWS reports: US Treasury Secretary Scott Bessent said Friday that once the Iran conflict ends, oil prices could plunge to $40 a barrel, easing recent multi-year highs in bond yields. In an interview with Steve Bannon, Bessent predicted a severe supply glut as new supply comes online, pushing crude possibly to $50 or even $40.

TREE NEWS reports: Speculators reduced net short positions in Chicago Board of Trade US ultra-long Treasury bond futures by 36,734 contracts to 369,311 in the week ended September 1. The data reflects a notable shift in speculative positioning amid ongoing market adjustments.

TREE NEWS reports: The dollar rose 0.26% against the yen in New York trading on Friday, September 4, to 156.22 yen, bringing its weekly decline to 2.41%. The pair traded in a range of 160.39-155.30 yen over the week. Meanwhile, the euro and British pound each fell about 2.18% and 2.56% against the yen for the week.

TREE NEWS reports: The ICE Dollar Index rose 0.26% to 99.165 points at New York close on Friday, September 4, but fell 0.54% for the week. Trading ranged between 99.863 and 98.831 points. The Bloomberg Dollar Index gained 0.07% to 1190.56 points, down 0.68% on the week, within a 1200.13-1188.58 range.

TREE NEWS reports: FinCEN reported that transnational criminal organizations based in Southeast Asia were largely behind digital asset scams targeting US residents, totaling $13 billion. The agency highlighted the role of compounds in the region in perpetrating these frauds.

TREE NEWS update: US President Donald Trump said on September 4 that special envoy Steve Witkoff and Jared Kushner will present a plan to Russia to end the Russia-Ukraine conflict. Sources said the two are planning to visit Russia and Ukraine soon.

TREE NEWS update: President Trump said the US may “soon” strike Iran’s Fordow nuclear facility, calling the conflict a military clash rather than a major event. Asked how he would define the current Iran conflict, Trump downplayed its scale.

TREE NEWS reports: The onshore yuan (CNY) closed at 6.7108 per dollar at 03:00 Beijing time, up 70 pips from Thursday’s night session close. Volume reached $35.89 billion.

TREE NEWS reports: The Hang Seng Index main night trading session closed up 0.04% at 25,677 points. The Hang Seng Tech Index main night session fell 0.04% to 4,572 points.

TREE NEWS update: Robinhood is not backing down from AMC Entertainment over its stock tokens, with lawyers questioning AMC’s grounds for a securities-law challenge. However, they note that the tokens’ branding and marketing could leave room for a dispute. The brokerage appears ready to fight the legal battle.

TREE NEWS update: President Trump said his administration is working to bring Hyperliquid into the United States, raising questions about how the crypto platform could enter the market. The statement signals potential regulatory shifts but offers no specifics on the path forward.

TREE NEWS reports: WTI crude for October delivery settled at $91.48 per barrel on NYMEX. October natural gas futures closed at $2.9750 per million Btu, while gasoline futures settled at $3.2146 per gallon and heating oil at $4.5402 per gallon.