Technology shares led gains in Asian equities following a rally in their US info-tech peers on Friday. Oil climbed after the US and Iran exchanged attacks involving tankers in the Strait of Hormuz. The MSCI Asia Pacific index rose 1.1%, with South Korean chipmakers SK Hynix Co. and Samsung Electronics Co. the biggest contributors. The advance came after the Nasdaq 100 Index closed 0.2% higher on Wall Street and the Philadelphia Semiconductor Index jumped 3.4%. Most US shares fell on Friday though as robust payrolls numbers boosted bets on a Federal Reserve interest-rate hike. The biggest driver behind the Korean chipmakers’ gains is optimism about a new model from OpenAI, which pushed US chip stocks higher, said Kim Namho, a fund manager at Timefolio Investment Management in Seoul. OpenAI said last week it is releasing a new generation of its technology, called GPT-6 that the company is positioning as a key milestone in its decade-long push to build so-called artificial general intelligence. In other assets, the yen edged higher, while Treasury 10-year futures were little changed. There’s no trading of cash Treasuries worldwide Monday because of a US public holiday. Brent crude rose as much as 0.8% to trade near $97 a barrel before trimming its gains, while West Texas Intermediate was around $92. European natural gas prices climbed as much as 4.2% in thin trading. The US said it launched strikes against three Iranian oil tankers over the weekend, destroying one, in retaliation for ballistic-missile attacks on US Navy warships. In response, Iran’s top security official said a new restricted zone outside the Strait of Hormuz will be declared in the coming days, beginning at the US Navy blockade line and extending into parts of the Persian Gulf, Press TV reported. The rise in oil prices, and Friday’s stronger-than-expected US payroll numbers, are placing added focus on US inflation data due this Friday that may make it more likely the Fed will raise rates when it meets this month. A Fed rate hike on Sept. 16 “hinges on Friday’s US August CPI print,” Elias Haddad, global head of markets strategy at Brown Brothers Harriman, wrote in a note to clients. “A hot CPI print would all but seal a September hike and underpin a firmer US dollar. A cooler reading would strengthen the case for a hold and leave the US dollar vulnerable to a dovish Fed repricing.” The yen inched higher amid speculation Japan’s Government Pension Investment Fund may boost allocations toward domestic assets and as traders weighed a potential interest-rate increase by the central bank this month. The currency strengthened by as much as 0.3% to 155.80 per dollar. Elsewhere, China is injecting 300 billion yuan ($45 billion) into its largest banks and insurers, part of the nation’s biggest recapitalization in almost two decades, to shore up the strength of its financial system and sustain lending as economic growth slows. European bonds, including German bunds, will also be closely watched Monday after the far-right Alternative for Germany scored its best-ever result in a state election on Sunday. The euro was little changed in early Asian trading.
The AfD secured 44% of the vote in the eastern state of Saxony-Anhalt, more than doubling its support and putting it ahead of the long-governing Christian Democratic Union, whose backing collapsed to 17.5%, according to a projection broadcast by ARD.
Nikkei +1.98% Hang Seng -0.95% CSI +0.66% Kospi +4.24% Shanghai +0.16% Shenzen +1.64%
Eur$ 1.1610 CNH 6.7106 CNY 6.7125 JPY 156.10 GBP 1.3511 CHF 0.8106 RUB 86.1808 TRY 48.4399 WTI$ 92.48 +1.06% Gold 4,396 -0.76% BTC 79,684 -0.29% ETH 2,498 -0.08%
S&P -0.05% Nasdaq +0.20% EuroStoxx -0.12% FTSE -0.09% Dax -0.23% SMI -0.99% (Novartis impact)
Macro :
- Korea’s Kospi Rises as Chip Stocks Extend Gain on OpenAI’s Astra
- China Injects $45 Billion in Banks, Insurers to Boost Growth
- Oil Edges Higher on Middle East Angst With Nasdaq Futures Firmer
- U.S. Used Promise of Nvidia Chips to Broker Armenia-Azerbaijan Peace Deal -- WSJ
- U.S. Used Promise of Nvidia Chips to Broker Armenia-Azerbaijan Peace Deal -- WSJ
- Italy Should Tax Banks Like Spain, Says Vice Premier Salvini
- Point72 Seeks to Double Japan Headcount to 100, Boost Allocation
- Iran plans maritime exclusion zone near Strait of Hormuz after US strikes on tankers
Keep an eye on :
Keep an eye on :
- ABVX FP : Another Round of Jet Followers mentionned LLY in Paris for the Weekend speculating on ABVX bid : https://dub.sh/L9YYh38
- Anthropic IPO : Anthropic IPO Marketing Expected Mid-October at Earliest: Rtrs
- AAPL US : Apple might soon make App Store changes to raise revenue, increase margins: 9to5.com
- AAPL UµS : Huawei, Xiaomi to Debut New Top Phones on Eve of Foldable iPhone
- MT NA : ArcelorMittal faces green steel price test at flagship low-carbon plant, Company has ‘no real visibility’ over whether its new electric-arc furnace will be able to pass on added costs to buyers - FT
- AZN LN :AstraZeneca Gets FDA Accelerated Approval for Breast Cancer Drug
- BE US : *BLOOM ENERGY TO BE ADDED TO S&P 500
- BMW GY : BMW Stock Has Rarely Been Cheaper Amid Pressure in Chinese Market - Barron's
- BSX US : Boston Scientific Resuming Product Shipment Is ‘Big Step’: Cowen-
- CL US : will be remove from S1P100 on 21/09/2026
- ACA FP : Crédit Agricole To Buy 50% of Primeo Energie France
- DSY FP : Dassault Slides as Peer Results Underwhelm, OpenAI Concerns Grow
- DSY FP : Dassault Slides as Peer Results Underwhelm, OpenAI Concerns Grow
- ENGI FP : Engie builds foothold in Poland's battery storage sector
- EL FP : EssilorLuxottica Names Schinetti Chief Operating Officer: FT
- GAMA LN : Dutch private equity firm plans to gatecrash £1bn bid for Gamma
- GS US : Anthropic close to awarding Morgan Stanley and Goldman Sachs top roles in $2tn IPO
- HNR1 GY : Hannover Re Sees Slightly Lower Prices Ahead of Jan. 1 Renewals
- HONA US : will be remove from S1P100 on 21/09/2026
- IVG IM : Iveco Group Board Deems €14.10/Shr TML Offer Fair
- JEF US : Jefferies fund caught with $500mn exposure to second alleged invoice fraud - FT
- LAZ US : Lazard to acquire boutique Altamoda in France push
- TAP US : *MOLSON COORS TO BE REMOVED FROM S&P 500
- MS US : Anthropic close to awarding Morgan Stanley and Goldman Sachs top roles in $2tn IPO
- MULTI NO : Rejlers Combines With Multiconsult in All-Stock Deal
- NKE US : will be remove from S1P100 on 21/09/2026
- NN NA : NN Group Expands Life and Pensions in Eastern Europe
- NOVN SW : Novartis' Pelacarsen Fails Phase III Primary Endpoint (*NOVARTIS ADRS QUICKLY FALL 7.4% IN POST-MARKET TRADING)
- SHOT SS : *IREMIS BUYS NOVOTEL FREIBURG FOR AROUND €28M
- REJLB SS : Rejlers Combines With Multiconsult in All-Stock Deal
- SMCP FP : Affordable Luxury Is Gaining Ground in Department Stores, "Contemporary and premium tiers now dominate the segment map," according to the International Association of Department Stores. - WWD
- SPG US : will be remove from S1P100 on 21/09/2026
- SPI LN : Toscafund Consortium to Buy Spire Healthcare for 250p/Share
- STAN LN : Standard Chartered ‘doubling down’ on China wealth opportunities despite tax pivot
- UBER US : Kalanick’s Atoms Held Talks With Uber About Robotaxi Tech: FT
- YCA LN : Russia’s uranium push raises concern over nuclear fuel supply, Report forecasts that Russia-controlled mines will supply a greater proportion of an already tight market by 2040 - FT