Breakfast | August 11, 2026

Tech stocks dragged down U.S. equities, with the S&P 500 and Dow Jones Industrial Average pulling back from record highs. NVIDIA closed down nearly 3%, and optical communication stock Coherent fell more than 10%. Chinese concept stocks continued to rise against the trend, with Alibaba up 3%. Crude oil rose more than 5% intraday, and European natural gas surged over 10%. The Japanese yen once fell 1%, and the offshore Chinese yuan temporarily retreated from its three-year high.

Trump demanded compensation from Iran and included it as a requirement in all future negotiations, stating that the U.S. military had "100% control" over the Strait of Hormuz. Iran underwent intensive leadership changes, with the Supreme Leader appointing six senior military commanders.

The U.S. Strategic Petroleum Reserve fell below 300 million barrels for the first time since 1983.

Trump denied frequent calls with Warsh, stating they have spoken only once since Warsh took office.

Reports: The Bank of Japan signaled a September rate hike, prompting the U.S. to join currency market interventions.

South Korea announced the establishment of a new fund worth 5 trillion Korean won, focusing on investments in semiconductor materials, components, and equipment.

People's Bank of China: Keep the RMB exchange rate basically stable at a reasonable and balanced level, and build a "tech board" for the bond market with high quality.

Unitree Robotics' subscription on the STAR Market was hot, with a winning rate of only 0.018%, and first-day profits may exceed 200,000 yuan.

Starting August 10, Doubao recommends hotels and charges a commission, with a comprehensive fee deduction of 12%.

LONGSYS's net profit in the first half of the year increased 715.29 times year-on-year, planning to repurchase shares for up to 800 million yuan.

An urgent shortage of MLCC supply triggered a rush for goods. Yageo: More and more AI customers are rushing to sign long-term agreements to lock in capacity.

OpenAI launched GPT-5.6-Cyber, opening a "less restricted" model to cybersecurity defense personnel.

Anthropic will launch a new model, Sonnet 5.5, reportedly competing with DeepSeek, the new king of cost-effectiveness; it canceled the plan to raise prices by 50% and permanently locked in the low price for Sonnet 5.

Reports stated that NVIDIA is seeking to join hands with the six giants of Wall Street to raise $500 billion to bet on AI infrastructure, with CDS seeing the largest increase in two weeks.

Meta Platforms released a small AI model that can run locally on a single graphics card. Zuckerberg called on the U.S. government to lower the entry barrier for open-source AI.

Reports stated that Microsoft plans to "significantly" increase the production of next-generation AI chips and is negotiating with TSMC for the delivery of over 300,000 units in 2027.

Intel issued additional shares at high levels, planning to issue $15 billion in common stock, causing the stock price to fall more than 4%.

Concerns about the iPhone's prospects intensified bearish sentiment towards Apple on Wall Street: Six institutions issued sell signals, the highest since 2012.

Reminder: The Reserve Bank of Australia's interest rate decision will be announced on Tuesday, expected to remain unchanged.