News

Morgan Stanley: India's SENSEX index is expected to reach 89,000 points by June 2027 due to an accelerating growth cycle.

Traders: The Reserve Bank of India may sell dollars to boost the rupee when the spot market opens.

According to Nikkei, the estimated inflow of funds into Japan's domestic public equity investment trusts (excluding listed investment trust ETFs) in August was 2.1078 trillion yen, marking the third consecutive month that the inflow exceeded 2 trillion yen and the 39th consecutive month of net inflows. The figure for the previous month was 2.6451 trillion yen.

Goldman Sachs: Oil prices could rise to $120 if attacks on ships in the Middle East escalate.

Hong Kong stocks fell more than 1% to the Hang Seng Index and 1.06% to the Hang Seng Tech Index. Baidu (09888.HK) fell 4.7%, Xiaomi Group (01810.HK) fell more than 4%, and Longfor Group (00960.HK) and China Resources Mixc Lifestyle (01209.HK) both fell more than 3%.

Jukan, a semiconductor analyst at Citrini Research, has shifted to a more positive stance on DRAM, following a bearish report released on July 3. Specifically, Citrini Research believes the fundamentals of DRAM are solid. DRAM inventories at US hyperscale manufacturers are already at low levels, with further room for reduction. Regarding prices, Citrini Research expects DRAM mixed contract prices to rise by approximately 10% quarter-over-quarter in Q4 2026 (compared to a high-double-digit increase in Q3). The fundamentals of NAND are weaker. While prices achieved high-double-digit quarter-over-quarter growth in Q3 2026, the increase is expected to slow significantly in Q4 due to weakening demand from mobile devices and high inventory levels, recording only low single-digit quarter-over-quarter growth.

Hong Kong-listed medical equipment and supplies stocks fluctuated upwards, with Dextro (02526.HK) surging over 30.5%, Jinhai Medical Technology (02225.HK) rising over 17%, and Jingfeng Medical (02675.HK) and Qiming Medical (02500.HK) both rising 6.5%.

The U.S. Ambassador to India had productive discussions with Amazon (AMZN.O) executives on its business strategy in India, opportunities for U.S. businesses, and strengthening U.S.-India economic ties.

Data center construction has become one of the most contentious issues in the 2026 US election cycle, sparking widespread opposition among voters of both parties. Republican and Democratic lawmakers at the local, state, and federal levels have previously issued halt orders to suspend some data center construction. Two months before the November midterm elections, Trump repeatedly expressed support for AI data centers, but a recent poll shows that most Americans do not want such facilities built in their communities. An NBC News Decision Channel survey found that 69% of respondents oppose building AI data centers near their homes, with 45% expressing "strong opposition." Republicans have relatively higher support, but a majority (57%) still oppose it. 81% of Democrats and 71% of independents do not want data centers built near their homes.

Stephen Zunez, founding director of Middle East studies at the University of San Francisco, stated that Iran will find it difficult to enforce a no-go zone near the Strait of Hormuz. It's hard to see how they could actually enforce it, and Iranian ships and aircraft attempting to enforce such restrictions would be highly vulnerable to US attacks. However, they may be sending a warning, as shipping companies still bear risks and cannot expect to pass through the strait without consequences. Iran may be hoping to provoke a broader US military response, which is politically advantageous to Iran as it could "provide a justification for attacking neighboring countries and US military facilities in the region." This, in turn, could help Iran by "undermining public support for an ongoing conflict in the US," while simultaneously fostering unity among the Iranian people amidst escalating domestic economic difficulties.

The U.S. Geological Survey reports a 4.6-magnitude earthquake off the coast of Oregon, at a depth of 12.0 kilometers.

ANZ Senior Economist Jasmine Zheng: We expect Australian economic momentum to weaken in the coming months as high interest rates continue to dampen demand.

Australia's seasonally adjusted ANZ total job advertisements rose 7.8% year-on-year in August, compared with 2.1% previously.

Australia's seasonally adjusted ANZ total job advertisements rose 2.5% month-on-month in August, compared with 0.80% previously.

The Hang Seng Index (HSI) opened 2.1 points higher, or 0.01%, at 25,652.97 on Monday, September 7th; the Hang Seng Tech Index opened 11.73 points lower, or 0.26%, at 4,558.07 on Monday, September 7th; the Hang Seng China Enterprises Index opened 6.97 points lower, or 0.08%, at 8,548.06 on Monday, September 7th; and the Hang Seng Red Chip Index opened 7.17 points lower, or 0.17%, at 4,206.29 on Monday, September 7th.

Hong Kong stocks opened higher, with the Hang Seng Index up 0.01% and the Tech Index down 0.26%. Tianshu Zhixin (09903.HK) opened up nearly 3.5%, Huahong Grace (01347.HK) opened up nearly 2%, and Baidu (09888.HK) and Hansoh Pharmaceutical (03692.HK) both rose more than 1.8%.

NI225 rose by 2.00% within a day.

Japanese chip-related stocks surged, with Kioxia up 7.3%, SoftBank Group up 5.4%, and Lasertec up 8.2%.

Australia's S&P/ASX 200 index opened 3.70 points higher, or 0.04%, at 9009.60 on Monday, September 7.

On Monday, September 7, the NI225 opened 643.21 points higher, or 0.99%, at 65,664.15.