According to The Korea Herald, HKET and UDN Money, Asian equities finished mixed on Tuesday, with Taiwan sharply higher and Hong Kong lower. Tokyo's Nikkei 225 slipped 96.59 points, or 0.15%, to close at 66,215.34, with chip-sector names mixed. Tokyo Electron fell 2.59% to 54,980 yen and Advantest lost 0.92% to 33,380 yen, while Sony rose 0.75% to 4,046 yen. Seoul's KOSPI rose for a second straight session, adding 15.78 points, or 0.23%, to 6,835.80. The index opened lower, tracking Wall Street losses, but erased declines in the afternoon on tech gains after data showed South Korea's August exports remained solid on strong chip demand. Daishin Securities analyst Lee Kyung-min said external uncertainty weighed on sentiment but large-cap buying supported the index, citing recent buyback programs from Samsung Electronics and SK hynix. Samsung rose 0.38% to 261,000 won and SK hynix gained 1.14% to 1.69 million won, while refiner SK Innovation jumped 7.81%. Hong Kong stocks opened September lower, with the Hang Seng Index down 237.26 points, or 0.93%, to 25,329.73 on turnover of HK$238.74 billion. The Hang Seng Tech Index fell 1.49% to 4,550. Alibaba dropped 3.33% to HK$110.40, Meituan slid 2.60% to HK$76.85 and Tencent eased 2.25% to HK$442.80, while Kuaishou rose about 3% and NIO fell more than 6% ahead of results after its delivery data. Mainland banks bucked the trend, with Agricultural Bank of China up over 2%. Fast-fashion retailer Shein slipped 0.12% on its Hong Kong debut. Taiwan's TAIEX jumped 820.25 points, or 1.78%, to close at 46,948.72, a two-month high, on turnover of NT$1.081 trillion. MediaTek closed limit-up, gaining 9.94% to NT$4,315, while TSMC rose 1.46% to NT$2,440 and Hon Hai added 2.40% to NT$256. Foreign and institutional investors turned net buyers, purchasing NT$56.1 billion of shares. In mainland China, the Shanghai Composite eased 0.16% to 3,979.89, the Shenzhen Component fell 1.02% to 13,872.38 and the ChiNext Index dropped 1.32% to 3,393.43. Combined turnover was 2.03 trillion yuan, with banks hitting record highs and media stocks active.

MiniMax Group Inc. co-founder Yeyi Yun said the benchmark for artificial general intelligence will be its ability to generate 1% of the global economy, according to Bloomberg. Yun made the comment as the Chinese AI lab outlined its view of the AGI milestone.

According to Jin10, BCA Research analyst Felix Vezina-Poirier said in a report that volatility in government bond yields is expected to become an important factor affecting risk asset prices. He said that for stocks, the speed of yield changes matters more than the absolute level, making implied rate volatility a more useful gauge of equity market risk. However, Fed Chair Kevin Warsh said last week that he was prepared to take action to curb inflation, a signal that should help keep yield volatility relatively contained.

Oil prices rose and long-dated U.S. Treasury yields also climbed as the U.S.-Iran conflict intensified, while U.S. stocks fell overnight, according to Ming Pao. In afternoon trading, U.S. futures and most Asian markets extended losses. South Korea's Kosdaq fell 1.56%, Japan's Nikkei 225 slipped 0.15%, and the Shanghai Composite reversed to a 0.16% decline. Taiwan stocks rose 1.78% against the trend, while South Korea's Kospi fluctuated and ended up 0.23%.

According to Jin10, the median forecast of 13 economists surveyed by The Wall Street Journal showed South Korea's August CPI is expected to rise 3.3% from a year earlier, above July's 2.8%, while month-on-month CPI is expected to increase 0.4%. Deutsche Bank analysts said higher cost pressures are still being passed through to end prices, while improving income conditions are further adding to demand-side inflation pressure. The Bank of Korea previously said part of the August acceleration in inflation was due to base effects, as local mobile carriers offered discounts on communication fees in the same period last year, which pushed down prices at the time. South Korea's August CPI data will be released on Wednesday.

Two oil supertankers were struck by unknown projectiles in quick succession while transiting the Persian Gulf’s Strait of Hormuz chokepoint, maritime security consultant Marisks said, according to Bloomberg. The incidents occurred as the vessels passed through the key shipping route.

UBS China internet research head Fang Jincong said mainland internet stocks have fallen about 20% year to date, and the clear capital rotation and rebound seen in July mainly reflected investors moving their allocations from underweight back to neutral rather than a bullish view on near-term share performance, according to Ming Pao. He said investors remain cautious on internet companies in the second half because weak macro consumption is directly hurting revenue from e-commerce, advertising and local services, while heavy investment in artificial intelligence is also pressuring cash flow.

New World Development said its Tsim Sha Tsui K11 MUSEA will complete the first phase of its brand upgrade plan by the end of this year. As more international brands open or expand at the mall, first-half turnover rose about 40% year on year, a record for the same period since K11 MUSEA opened, according to Ming Pao. The company said member spending in May hit a monthly high for the first time in two and a half years, while sales at newly opened brands rose more than 30% on average.

Hackers manipulated TONIC’s price to borrow $74M from Tectonic. Only $6M in Ethereum was stolen.

Crypto.com’s Cronos blockchain stopped producing blocks on Sunday after a roughly $75 million exploit targeting Tectonic, the network’s largest decentralized lending protocol, forcing validators to freeze the entire chain to contain the attack.

South Korea will offer free, unlimited generative AI access to all 51 million residents, with services covering tasks such as medical appointments, housing and taxes.

Anthropic signed a $35 billion deal with cloud service provider Lambda, but the real winner behind the scenes is Nvidia. Nvidia not only sells chips to Lambda but also holds investments and has secured data center leases to support its computing power in advance, benefiting simultaneously at multiple stages of the supply chain.

AI Agent, Artificial Intelligence, LLM, Policy Regulation, Token, Leaked Confidential LP Letters of a US Dollar Fund: The US-China AI Game - Jinse Finance, Highly Insightful and In-Depth Content.

Russia’s largest bank, Sber, is preparing to expand its crypto-backed lending to accept Tether’s USDT stablecoin and Ether as collateral alongside Bitcoin — even as the bank questions whether Russia’s own digital ruble has attracted meaningful demand.

The platform is designed to serve more than 3 million U.S. military and civilian personnel.

More and more companies are starting to ask a more direct question: Since AI is said to be able to do the work, why not wait until it actually finishes the work before charging?

A seemingly unprofitable "buy low, sell high" strategy helped Strategy regain the initiative.

More than 100 companies signed the coalition letter warning that AI-enabled cyberattacks will become "far more widespread and sophisticated" in the coming months