News
Japanese, South Korean, Australian, Taiwanese, and Hong Kong stock indices fell slightly as investors worried about energy-driven inflation amid the US-Iran conflict. Oil prices broke the $100 per barrel mark for the first time since June on Wednesday after the US attacked five Iranian oil tankers. Iran retaliated with missile strikes against US forces in Jordan and the ships. Nick Twidale, chief market strategist at ATFX Global, said traders who held back from selling stocks in hopes of a Middle East peace agreement may now “trigger selling as the reality of a protracted conflict becomes apparent.” With the US and Iran launching attacks near the Strait of Hormuz, and Saudi Arabia embroiled in conflict with Yemeni forces, the crisis seems to have no end in sight.
The Hang Seng China Enterprises Index (HSI) closed down 320.49 points, or 1.27%, at 24,954.47 on Thursday, September 10. The Hang Seng Tech Index closed down 90.3 points, or 2.04%, at 4,330.49 on Thursday, September 10. The Hang Seng China Enterprises Index (HSCEI) closed down 94.27 points, or 1.13%, at 8,274.78 on Thursday, September 10. The Hang Seng Red Chip Index (HSC) closed down 59.99 points, or 1.41%, at 4,203.42 on Thursday, September 10.
At the close of trading in Hong Kong stocks, the Hang Seng Index fell 1.27% and the Tech Index fell 2.04%; Zhipu (02513.HK) fell more than 10%, MiniMax (00100.HK) fell more than 8%, and Zhida Technology (02650.HK) rose more than 107%.
Market news: Anthropic has opened up access to Mythos to the European Union a few months after its release.
Ryanair CEO: Boeing (BA.N) is confident of obtaining U.S. certification for the MAX 10 by the end of October.
Shares of UDI Robotics (03231.HK) surged in late trading, rising over 30% at one point, and are currently up 23%.
According to the Iranian news agency IRNA, a member of the Presidium of the Iranian Islamic Parliament, when discussing the US claim of a blockade of Iran, stated that Trump either does not understand the meaning of a blockade or is strategically unaware of Iran's location in the world; therefore, the claim of a blockade is a flawed assumption, as Iran borders 15 countries, many of which have extensive ties with Iran.
JPMorgan Chase upgraded Meta Platforms (META.O) from Neutral to Overweight and raised its price target from $640 to $820.
Sources indicate that Vietnamese electric vehicle manufacturer VinFast (VFS.O) is reportedly targeting the Indian market with a new entry-level model priced below $12,000. Early discussions are currently underway with Indian suppliers to ensure the new model meets target costs.
Sources say Vietnamese electric vehicle manufacturer VinFast (VFS.O) plans to launch two new electric vehicles for the Indian market, a shift in its strategy.
According to Iranian media outlet Fars News, a senior military advisor to Iran's Supreme Leader stated that America's belligerence is the best accelerator for shifting the center of power and economic geography eastward. Boasting of "victories" precisely exposes defeat and is tantamount to acknowledging the multipolarity of the international power and security landscape.
The German DAX 30 index opened 3.22 points higher, or 0.01%, at 25,557.50 on Thursday, September 10th; the UK FTSE 100 index opened 1.46 points lower, or 0.01%, at 10,668.60 on Thursday, September 10th; the FCHI index opened 13.57 points higher, or 0.17%, at 8,170.24 on Thursday, September 10th; Europe The Stoxx 50 index opened 4.49 points higher, or 0.07%, at 6316.05 on Thursday, September 10; the Spanish IBEX 35 index opened 100.64 points higher, or 0.51%, at 19781.44 on Thursday, September 10; and the Italian FTSE MIB index opened 169.26 points higher, or 0.33%, at 52044.50 on Thursday, September 10.
Spain's unadjusted industrial production grew at an annual rate of 2.6% in July, compared with 3.80% in the previous month.
Spain's seasonally adjusted industrial production rose 2.3% year-on-year in July, up from 1.10% in the previous month.
The U.S. Embassy in Beirut stated that southern Lebanon does not belong to any regional power or militia.
Ukrainian President Zelensky: Ukraine attacked a Russian port in Dagestan.
South Korean Foreign Minister: Will meet with US Secretary of State Rubio in September.
According to the Wall Street Journal, sources say South Korea is in final-stage discussions with the United States to build up to eight nuclear reactors in the country based on Westinghouse designs.
Ukrainian President Volodymyr Zelenskyy: He will meet with Canadian Prime Minister Mark Carney to discuss how to enhance resilience, support the people, and ensure that Ukraine has the capabilities it needs to defend itself.
Ukrainian President Zelensky: I have arrived in Canada and plan to hold important meetings and sign agreements that will shape future cooperation between the two countries and consolidate and deepen the strategic level of bilateral relations.