News

According to The Information, Nvidia (NVDA.O) will pay $6 billion to AI model startup Poolside as part of a licensing and talent acquisition agreement.

The U.S. Federal Aviation Administration (FAA) announced that the National Transportation Safety Board will lead the investigation into the Alaskan plane crash.

Market news: The U.S. Federal Aviation Administration (FAA) and the National Transportation Safety Board (NTSB) will investigate the Alaskan plane crash.

According to Saudi Arabia's Al Arabiya TV, the Iranian government says it has not yet made a decision on new gasoline prices.

FedEx (FDX.N): Will adjust FedEx International Parcel and Freight Demand Surcharges to and from the Middle East, East Africa, India and Sub-Saharan Africa.

FedEx (FDX.N): Demand surcharge will continue until February 7, 2027.

FedEx (FDX.N): Starting September 21, 2026, a demand surcharge will be introduced for non-standard freight transportation.

Deutsche Bank lowered its price target for Walmart (WMT.N) from $120 to $113.

US President Trump announced that over the next 90 days, the US will allow the import of up to 300,000 tons of beef products intended for ground beef production without incurring out-of-quota tariffs. He has also pledged that this beef will be sold at a price 25% lower than current market prices.

US President Trump: An agreement has been reached, and beef prices have been significantly reduced.

BMO Capital Markets: Initiated coverage research on Nvidia (NVDA.O) with an Outperform rating and a target price of $340. Also initiated coverage research on Micron Technology (MU.O) with an Outperform rating and a target price of $1300.

The press secretary for the Bangladeshi Prime Minister said that no decision has yet been made regarding Prime Minister Rahman's visit to India.

Barclays raised its price target for Alibaba (BABA.N) from $195 to $200.

According to US financial media Semafor, the Nigerian government will provide funding to cover up to 70% of exploration costs.

According to US financial media Semafor, Nigeria will provide exploration cost subsidies to mining companies.

Wells Fargo lowered its price target for Walmart (WMT.N) to $120 from $140.

Mexico has extended its fuel price stabilization program for another six months.

SK Hynix (SKHY.O): No decision has been made yet regarding building a factory in Japan. Further information will be disclosed within the next month starting today. (Previously, it was reported that SK Hynix would build a memory chip factory in Miyagi Prefecture, Japan.)

Beike (BEKE.N) shares rose 5.5% in pre-market trading.

Southbound capital saw a significant net outflow of HK$7.63 billion today. In the Shanghai-Hong Kong Stock Connect, Alibaba-W and Xiaomi Group-W experienced net outflows of HK$1.118 billion and HK$590 million respectively; Pop Mart saw the largest net inflow at HK$209 million. In the Shenzhen-Hong Kong Stock Connect, Tencent Holdings and Meituan-W saw net outflows of HK$570 million and HK$341 million respectively; both saw the largest net inflow at HK$496 million.