A[Overnight global news you need to know on Tuesday: Affected by the situation between the United States and Iran, Brent oil prices stood at US$90 per barrel; Huang Renxun said that VeraRubin can bring more than US$40 billion in revenue per gigawatt to Nvidia]
1. The three major U.S. stock indexes collectively closed down. The Dow Jones Industrial Average fell 0.7%, rising 1.34% this month; the Nasdaq fell 0.12%, rising 3.93% this month; the S&P 500 fell 0.33%, rising 2.62% this month. The utility sector led the decline, and cryptocurrency concept stocks rose; Amazon fell more than 2%, and the company was sued by the U.S. Federal Trade Commission; Tesla rose more than 5%, hitting a new high in more than a month.
2. The U.S. Federal Trade Commission and more than 20 states will accuse Amazon of seeking billions of dollars in revenue by manipulating advertising prices on its retail platform.
3. U.S. President Trump announced a new drug pricing agreement; nine pharmaceutical companies promised to sell at low prices. Currently, 26 companies have signed up to participate in the plan, covering 90% of the pharmaceutical market.
4. U.S. Treasury Secretary Bessent said that he will meet with his Canadian counterpart during the G20 summit.
5. The large Saudi oil tanker Cedar was intercepted while passing through the southern channel of the Strait of Hormuz.
6. The General Staff of the Iranian Armed Forces issued a statement stating that Iran will never tolerate any acts of aggression on the premise of respecting the national sovereignty of its neighboring countries and will respond more strongly to such acts.
7. Nvidia CEO Jensen Huang said that the VeraRubin platform can bring Nvidia more than $40 billion in revenue per gigawatt.
8. Goldman Sachs predicts that the average price of humanoid robots will drop from US$41,800 in 2025 to US$21,300 in 2035.
9. Nvidia will invest US$3.5 billion in chip manufacturer MediaTek; Alphabet participated in MediaTek’s record-breaking US$3.9 billion overseas convertible bond issuance.
10. The U.S. Strategic Petroleum Reserve crude oil inventory decreased by approximately 3.1 million barrels last week to 286.6 million barrels.
11. Affected by the situation between the United States and Iran, international oil prices rose. WTI crude oil futures closed at US$85.76 per barrel, an increase of 2.83%; Brent crude oil futures closed at US$90.49 per barrel, an increase of 2.71%.
12. Most major European stock indexes closed lower, with the British FTSE 100 index rising by 0.29%, the French CAC40 index falling by 0.65%, and the German DAX30 index falling by 1.09%.
13. Apple’s Phil Schiller steps down as head of App Store and product launches.
14. Microsoft and Humain have expanded their strategic cooperation and plan to jointly launch Humain One products integrating Microsoft 365.
15. AWS will launch its first cloud infrastructure region in Saudi Arabia by December 2026. A[The three major U.S. stock indexes collectively closed down] On September 1, the three major U.S. stock indexes collectively closed down, with the Dow Jones Industrial Average falling 0.7%, the Nasdaq Composite Index falling 0.12%, and the S&P 500 Index falling 0.33%. The utility sector led the decline, with Edison International falling by more than 23%, Pacific Coal and Electric falling by more than 20%; Amazon fell by more than 2%, and court documents showed that the U.S. Federal Trade Commission sued Amazon. Cryptocurrency concept stocks strengthened, Circle rose by more than 9%, Coinbase rose by more than 5%, Strategy rose by more than 4%; Tesla rose by more than 5%, and SanDisk rose by more than 5%. A[Reminder of important events in the capital market next week: China’s official PMI data for August will be released on Monday; US non-agricultural data for August will be released on Friday; Suiyuan Technology will open subscriptions on Wednesday. The “Four Domestic GPU Tigers” will gather in the capital market]
1. On August 31, China’s official PMI data for August was released, including manufacturing PMI, non-manufacturing business activity index, etc. Previously, China's manufacturing PMI was 49.2% in July.
2. The August non-farm employment report will be released on Friday (September 4). Nonfarm payrolls unexpectedly dropped by 23,000 in July, the worst rate of the year, and the market expected an increase of 55,000 in August. This data can reflect the stability of the job market and whether high inflation is transmitted to wages. Investors will use this to judge the possibility of the Federal Reserve raising interest rates as early as September.
3. From August 31 to September 1, under the auspices of the Kyrgyz Republic, the meeting of the Council of Heads of Member States of the Shanghai Cooperation Organization will be held in Bishkek. The heads of state will review current international and regional hot issues, discuss the development of multilateral cooperation, and the prospects for cooperation in areas such as political security, economy and trade, transportation, energy, digitalization, artificial intelligence, people-to-people and cultural exchanges, and sustainable development.
4. The G20 Finance Ministers and Central Bank Governors Meeting will be held from August 31 to September 1 in Asheville, North Carolina, USA, and will be chaired by Bessant. This is also the first major appearance of the United States re-leading the multilateral agenda after eschewing the South African-led G20 process last year.
5. Three new stocks will be issued next week (August 31st to September 6th), including 2 on the Science and Technology Innovation Board and 1 on the Beijing Stock Exchange. Specifically, Baimeike was issued on August 31; Suiyuan Technology was issued on September 2; and Sinovac was issued on September 3. Among them, Suiyuan Technology, Moore Thread, Muxi Technology, and Biren Technology are collectively known as the "Four Little Dragons of Domestic GPUs." Previously, the closing gains of Moore Thread, Muxi Shares, and Biren Technology on the first day of listing were 425.46%, 692.95%, and 75.82% respectively.
6. The MSCI index will take effect after the closing of August 31 after the August index review and adjustment results. Among them, the MSCI China Index newly included 33 targets such as Zhipu, and excluded 32 targets such as GCL Technology and Kingdee International. Of the 33 stocks included this time, 31 are from A shares.
7. Broadcom’s financial report performance next week will affect artificial intelligence (AI) trading trends. Other companies worthy of attention include Dell Technologies, HP Enterprise, Lululemon, Medtronic, etc. Chinese concept stock NIO will also release results.
8. Shein is scheduled to IPO in Hong Kong on September 1. Documents show that Shein will raise US$1.7 billion through the Hong Kong IPO and issue approximately 280 million shares at a price of HK$48.56 per share.
9. Baidu’s dual primary listing on the Hong Kong Stock Exchange and Nasdaq will take effect on September 1. According to the company's announcement, this move has improved the liquidity and financing flexibility of the two places. The return of Chinese concept stocks to the benchmark continues to have significance. Pay attention to the sentiment of the Hong Kong stock technology sector.
10. Next week (August 31-September 6), a total of 31 companies will gradually lift their restricted shares. Calculated based on the closing price on August 28, the top three companies in terms of market value after the release of the ban are: Aerospace Intelligent Manufacturing (6.05 billion yuan), Honghe Technology (3.46 billion yuan), and Juren New Materials (1.13 billion yuan).
11. The 2026 World Power Battery Conference will be held in Yibin, Sichuan from September 3 to 4. It aims to promote global green, low-carbon and sustainable development and accelerate the high-quality development of the power battery and new energy vehicle industries.
12. The 2026 China International Consumer Electronics Expo will be held in Qingdao from September 4th to 6th. With the theme of "AI Leading the Intelligent Future", the expo aims at the forefront and future trends of today's global consumer electronics industry.
13. The 14th Semiconductor Equipment Materials and Core Components Exhibition (CSEAC2026) will be held in Wuxi from August 31 to September 2. It is an exhibition in the field of semiconductor equipment materials and core components. The exhibition planning exceeds 70,000 square meters and gathers more than 1,300 domestic and foreign companies, covering wafer manufacturing equipment, packaging and testing equipment, core components and materials, and other fields. Overseas exhibitors account for 16%.
14. The G20 Science and Technology Ministerial Meeting will be held in North Carolina, USA, from September 1st to 2nd. Technology giants such as Musk, Huang Jensen, and Altman will attend.
15. The Federal Reserve will release the latest Beige Book on economic conditions on September 3. At the same time, many members of the Federal Open Market Committee will speak on the economic outlook and monetary policy. The market will pay attention to its hints on the timing of interest rate cuts.
16. Tesla will release Cybercab, a self-driving model without a steering wheel and pedals, in Austin on September 3, local time. A[Tesla launches more affordable version of Model 3 in Hong Kong, China, and Macau, China] On August 30, Tesla has officially launched a model 3 sedan version with simplified configuration and lower price in the markets of Hong Kong, China, and Macau, China. According to Tesla’s official website, the starting price of this new model in Hong Kong, China is 205,000 Hong Kong dollars (approximately US$26,150), which is 8.5% lower than the price of the basic model previously on sale; the starting price in Macau, China is 252,000 Macau patacas (approximately US$31,200). This version has deleted or downgraded some interior and exterior decoration configurations, and the adjustment scope covers ambient lights, interior textile fabrics, wheels and other components. At the same time, the official maximum cruising range on a single charge has been increased to 572 kilometers.
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