Advanced Micro-Fabrication Equipment China (AMEC) reports a 282-311% year-on-year profit growth to at least 2.7 billion yuan ($400 million) in H1, driven by strong domestic semiconductor demand amid US sanctions.
Cross-border attacks between Russia and Ukraine leave at least 12 dead. Ukrainian drone strikes hit Russian warehouses and a Black Sea resort, while Russian glide bombs strike Zaporizhzhia.
Market participants in Mumbai faced confusion during the debut of exchanges' new closing auction system as index values diverged significantly following a sharp late-session surge in the Nifty.
David Ossip, president of the Jewish Board of Deputies, told the Royal Commission on Antisemitism that a pro‑Palestinian rally on Oct 9, 2023, featured chants targeting Jews and an Israeli flag set alight, and that police advised Jews to avoid Sydney’s CBD, which he called appalling.
South Korea is weighing new regulations on single-stock leveraged ETFs, including reduced leverage ratios and higher minimum investments, following steep retail losses after a market rally.
Australian crypto brokerage Caleb & Brown has expanded into the UK to target high-net-worth clients, citing low domestic adoption rates as a major growth opportunity.
Coinbase's International Exchange institutional clients will migrate to Deribit on Sept. 9, transferring accounts, balances, and positions, with a mandatory opt-out deadline of Aug. 28.
Colombian prosecutors are investigating a video showing a subcontractor handing $19,000 in cash to a China Harbour Engineering Company manager in Bogotá, allegedly to secure payment for metro work. The consortium denies wrongdoing, claiming the money was a retention payment.
At least 14 people died in Russia and three in Ukraine as both nations exchanged attacks. Drone debris killed six in Russia's Krasnodar region, while a Russian strike on a petrol station killed three in Ukraine's Dnipropetrovsk region. Ukraine also targeted Russian e-commerce giant Wildberries.
Hashdex announced it will liquidate its eponymous spot Bitcoin ETF this month, distributing cash to all remaining shareholders and selling its approximately 225 BTC holdings. The decision follows an evaluation of factors including trading liquidity, operating costs, and investor interest, with the fund holding $14.25 million in net assets.
Coinbase plans to migrate its International Exchange institutional accounts, balances, and positions to Deribit on Sept. 9, a process that will cancel open orders and recreate positions. Clients wishing to opt out must close accounts by Aug. 28.
South Korean crypto exchange Bithumb announced a three-stage plan for a 2028 stock market listing, focusing on internal control upgrades and compliance. This roadmap comes as the company faces multiple legal and regulatory issues, including a significant fine, a display error, and a bribery investigation.
Hong Kong-licensed crypto exchange HashKey Exchange received approval from JPMorgan Chase to open a client money account, enabling fund segregation and settlement. This follows HashKey Holdings' recent integration of its exchange applications and activation of a DBS Bank account for fiat services, bolstering its regulated offerings.
South Korean cryptocurrency exchange Bithumb announced plans to apply for a preliminary listing review in 2027 and complete an initial public offering (IPO) in 2028. The exchange is reorganizing its business and upgrading internal controls, while facing past operational errors and ongoing audit issues with linked companies.
Five-year Chinese treasury bond futures began trading on the Hong Kong stock exchange, providing a standardized instrument for hedging interest rate risk. This move is seen as a critical institutional cornerstone to elevate the renminbi's status as an international reserve currency amid global demand for credible safe assets.
Crypto exchange Bitget will stop services for Japan residents, ceasing new registrations immediately and implementing account restrictions from Nov. 1. This follows multiple warnings from Japanese regulators, including the FSA and Kanto Local Finance Bureau, regarding unregistered operations.
India's Social Stock Exchange (SSE), a Sebi-regulated segment of NSE and BSE, connects credible social enterprises with fund providers, ensuring transparency and accountability in philanthropic capital routing through Zero Coupon Zero Principal (ZCZP) bonds.
South Korea experienced 560.3 billion won ($367 million) in stablecoin outflows to overseas exchanges in June, marking the 18th consecutive month of net outflows. This trend is driven by demand for products unavailable domestically, prompting calls for reassessing investor protection and tightening cross-border crypto regulations.
Ukrainian drone strikes killed at least nine people across several Russian regions, including a Wildberries warehouse and a residential building, while Russian attacks killed at least five in Ukraine. An EU naval mission also intercepted a Russian 'shadow fleet' tanker near Sicily.
HKEX is launching 5-year China government bond futures, receiving positive feedback from international institutional investors. These will be the first offshore products enabling investors to manage risks in Chinese treasury bonds at low cost, bypassing the QFII quota requirement.
Taiwan's MAC and human rights advocate Lee Ming-che warn that China's youth exchange programs, offering low-cost trips, could use AI deepfakes to coerce Taiwanese participants into "united front" collaboration. A Control Yuan report shows a sharp increase in Taiwanese students across all levels attending these programs, prompting calls for improved oversight.
Hong Kong Chief Executive John Lee met China Securities Regulatory Commission chairman Wu Qing to discuss deepening financial market links. This high-level meeting occurred ahead of the launch of Hong Kong's first yuan-denominated five-year bond futures, aiming to enhance the RMB product ecosystem and consolidate Hong Kong's role as an offshore RMB hub.
US college students are choosing to live in retirement communities, volunteering hours for affordable rent and intergenerational connection. This trend addresses housing costs and loneliness, benefiting both students seeking community and older residents desiring companionship.
Hong Kong's finance chief, Paul Chan, announced the city will raise its 2026 full-year economic growth forecast after a 5.1% expansion in H1 2026. This is driven by strong global AI product demand and services exports, alongside a pledge to promote yuan use. Chan cautioned on geopolitical risks and US dollar interest rates.
