News

The National Bank of Kazakhstan reported that net gold and foreign exchange reserves in July totaled $61.724 billion (a 3.2% increase month-on-month).

Hong Kong stocks in the new consumption sector fluctuated and weakened, with Shanghai Auntie (02589.HK) falling more than 3%, Laopu Gold (06181.HK) falling more than 2%, and Guming (01364.HK) and Mingming Very Busy (01768.HK) following suit.

A Citi report points out that while the cost of enterprise AI usage is decreasing, the price of underlying computing power has not followed suit. The usage-weighted token expenditures it tracks have fallen by approximately 37.5% from their May peak, while Blackwell GPU rental prices have actually increased by about 15.2% over the past three months. This means that the current decrease in the unit cost of AI is not primarily due to GPU price reductions, but rather to improvements in model selection, intelligent routing, and inference efficiency. This change is noteworthy because it signifies that AI commercialization may be moving from simply "piling up computing power" to improving computing power utilization efficiency: enterprises can call different models based on task complexity, reducing the actual cost of each AI service even when underlying computing power remains tight. NVIDIA recently demonstrated significant improvements in inference throughput and reduced hardware footprint on the Blackwell architecture through optimization techniques such as quantization, indicating that software and model layer optimizations are becoming important sources of reduced inference costs.

Sources familiar with the matter said Apple (AAPL.O) still plans to release a completely upgraded iPhone with a glass core next year to mark the 20th anniversary of the iPhone, after an analyst report said the plan had been cancelled.

US President Trump: It would be a huge mistake for FIFA to even consider replacing President Gianni Infantino for any reason. He has been outstanding, just successfully hosting the most successful World Cup in history—four times more successful than ever before. If he leaves, the World Cup will never again achieve such great success or profitability.

Australia's NAB Business Confidence Index for July was -6, compared to -5 previously.

Australia's NAB Business Climate Index for July was 4, down from 3 in the previous month.

The Hang Seng Index (HSI) opened 61.1 points higher, or 0.24%, at 25,998.59 on Tuesday, August 11th; the Hang Seng Tech Index opened 13.35 points higher, or 0.27%, at 4,932.81 on Tuesday, August 11th; the Hang Seng China Enterprises Index opened 32.22 points higher, or 0.37%, at 8,654.06 on Tuesday, August 11th; and the Hang Seng Red Chip Index opened 9.4 points higher, or 0.23%, at 4,152.25 on Tuesday, August 11th.

Australian Prime Minister Albanese: Agreed to strengthen trade and investment relations between Australia and Vietnam.

Indonesian Automobile Manufacturers Association: Car sales in Indonesia increased by 33.3% year-on-year in July.

Australian Prime Minister Albanese: Significant progress has been made in deepening the comprehensive strategic partnership between Vietnam and Australia.

New Zealand Prime Minister Laxson called for an emergency meeting of lawmakers on Wednesday to address speculation about leadership changes.

Singapore trade officials say the U.S. tariffs of 12.5% ​​on Singaporean exports are not expected to have an impact on trade.

Australia's S&P/ASX 200 index opened 8.30 points higher, or 0.09%, at 9240.90 on Tuesday, August 11.

The Japanese stock market is closed today for the "Mountain Day" holiday.

UK BRC total retail sales rose 1.3% year-on-year in July, down from 1.9% in the previous month.

UK BRC same-store retail sales rose 1% year-on-year in July, down from 1.70% previously.

According to Al Arabiya TV: A US official stated that they are optimistic about the progress of negotiations between Lebanon and Israel, but also aware of the difficulties involved; they held separate talks with the Lebanese delegation on reconstruction issues. The official indicated that Lebanon and Israel discussed the possibility of a third party conducting demining operations. Hezbollah continues to attempt to sabotage the negotiations between Lebanon and Israel.

Market news: Blackstone Group (BX.N) is set to acquire a minority stake in Air Canada's Aeroplan loyalty program for $2 billion. This deal will inject new capital into Air Canada to address rising fuel costs and weak U.S. travel demand.

An advisor to the Ukrainian Interior Minister stated that Russia launched ballistic attacks on the Kyiv, Zaporizhzhia, and Dnipropetrovsk regions. Multiple explosions occurred in Kyiv.