TREE NEWS update: US Treasury Secretary Scott Bessent said the European Union has joined the economic isolation campaign against Iran. The statement underscores growing international pressure on Tehran amid ongoing tensions over its nuclear program.
TREE NEWS update: On September 3, Tesla announced that its Cybercab autonomous vehicle has officially begun operations in Austin, Texas. The vehicle, which features no steering wheel, pedals, or mirrors, is designed to operate with higher efficiency and handle more transportation demand.
TREE NEWS update: Nvidia agreed to acquire AI open-source platform Hugging Face for $12.93 billion. The deal underscores Nvidia’s expansion into AI infrastructure and open-source ecosystem. Financial terms were confirmed, marking one of the largest AI acquisitions this year.
TREE NEWS reports: South Korea and the United States are continuing negotiations over US chip tariffs, a South Korean minister said. The talks aim to address trade measures affecting semiconductors, with details still under discussion. No outcome was announced.
TREE NEWS reports: Six A-share listed brokers each generated over 10 billion yuan in net proprietary trading income in the first half of 2026, with the segment becoming their top revenue source. Combined net income from proprietary trading for 42 listed brokers (excluding Guosheng Securities) reached 168.754 billion yuan, up 50.22% year-on-year, accounting for 46.39% of their total revenue.
TREE NEWS update: President Donald Trump announced on Truth Social on September 3 that Adam Telle, currently Assistant Secretary of the Army for Civil Works, will become Acting Secretary of the Army. The appointment takes effect immediately.
TREE NEWS reports: In August, 1,072 private fund institutions conducted 6,148 surveys of A-share listed companies, covering 599 stocks, a 289.61% month-on-month surge. Semiconductors, medical devices, and general equipment drew the most attention, with Actinic Technology leading at 105 surveys, the only firm to exceed 100.
TREE NEWS reports: Anthropic is expected to complete a $15 billion credit facility before its IPO. The financing is led by Morgan Stanley, with Goldman Sachs, JPMorgan and Citigroup playing major roles in the lending, while Barclays and Wells Fargo will also be key participants.
TREE NEWS reports: As A-share half-year reports close, Q2 holdings of social security funds, insurers, and basic pension funds show consensus additions in banks, AI computing, new productive forces, and safe-haven assets, while consumer sector allocations diverged in pace and focus.
TREE NEWS reports: JPMorgan strategists said a break of USD/JPY below 155 could accelerate yen appreciation as massive yen short positions unwind. They estimate short positions at 16-17 trillion yen, and a full unwinding could push USD/JPY to 142-146. The team, including Junya Tanase, noted recent price action supports the view that relatively large shorts remain, though they see a substantive break below the assumed 155-165 range as unlikely.
TREE NEWS reports: Crusoe, a cloud computing provider and data center developer, has raised more than $3 billion in a funding round at a $30 billion valuation. The round was co-led by Atreides Management and Valor Equity Partners, with participation from Mubadala Capital.
TREE NEWS reports: As 2026 interim reports close, A-share listed firms show faster profit growth but widening sector divergence. Electronics, AI hardware, nonferrous metals, chemicals and high-end manufacturing beat expectations, while agriculture, property, building materials, steel and some consumption lag. Fund managers say tech growth enters an ‘earnings verification’ phase, where outperformance depends on converting AI trends into orders, revenue and profit, not just concept exposure.
TREE NEWS update: Distressed-asset firm Echo Base has formed a claimholder committee for creditors of crypto exchange BitMart and is weighing an involuntary bankruptcy filing. Echo Base says BitMart never responded to its offer of up to $10 million to fund a court-supervised bankruptcy. The committee aims to organize creditors to pursue recovery.
TREE NEWS update: Since 2026, 17 biotech companies have listed on HKEX, raising HK$18.501 billion, accounting for 16.19% of the 105 new listings. Meanwhile, 110 biotech firms filed for Hong Kong IPOs this year, covering oncology, CGT, radiopharma, ophthalmology, and medical devices. A notable trend: many A-share drugmakers pursue dual listings, with some making repeated filings.
TREE NEWS update: Global markets face a data-heavy Friday (Beijing time): Korea’s finance minister holds a market assessment at 08:00; German July factory orders due at 14:00; BoE’s Bailey and ECB’s Lane speak at 16:50 and 17:00; US August nonfarm payrolls (including employment, unemployment, average hourly earnings) and Canada’s August employment report at 20:30; OPEC+ monthly meeting on Sunday.
TREE NEWS reports: As innovative drug BD deals stay active, pharma firms’ R&D funding grows, boosting willingness to pay for external R&D services. CRO companies report a ‘volume and price rise’ in orders, with project quotes rising. The sector may accelerate its recovery in the second half.
TREE NEWS reports: Chinese insurers are increasing their allocation priority to dividend-yielding stocks for Q4, according to an equity investment head at a major Shanghai insurer on September 3. The shift comes as A-share market volatility widens and the market transitions from oversold rebound to range-bound trading, making dividend assets more attractive.
TREE NEWS reports: Hong Kong-listed companies have spent over HK$100 billion on share buybacks this year, with 8.24 billion shares repurchased by Sept 3, up 55.4% year-on-year. The Hang Seng Index slipped 1.63% in 2026 amid liquidity-driven volatility. Major shareholders increased stakes in AI, innovative drugs, and property chain sectors.
TREE NEWS reports: This week (Aug 31-Sep 4), 82 new funds started raising, a record weekly high. Among them, the first batch of eight ChiNext computing infrastructure ETFs will launch on Sep 4. So far, 167 funds are raising or about to, with 112 equity funds, including 84 index funds.
TREE NEWS update: US Trade Representative Jamieson Greer said trade and tariffs are not dragging on the economy. Asked directly whether they pose a drag, he answered: no. The remarks come amid ongoing tariff policy debates.