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A White House economic policy reporter revealed that since Warsh became Federal Reserve Chairman, Trump has spoken to him multiple times, maintaining a rare communication channel between the president and the central bank governor. Nick Timiraos, often referred to as the "Federal Reserve mouthpiece," commented on the report: "The president's calls to Warsh vary in frequency—sometimes several times within a few days, then there are long periods of no contact. Trump seeks Warsh's advice on a range of issues, including the Iran war and the impact of the rapid rise of artificial intelligence on the economy." Previously, Treasury Secretary Bessen specifically named Nick, stating that one of the highlights of Warsh's tenure at the Fed was seeing stenographers posing as journalists, such as Nick Timiraos of the Wall Street Journal (formerly known as the "Federal Reserve mouthpiece"), reduced to reporting only behind-the-scenes gossip about the Fed, because without someone to feed them information, they couldn't produce genuine economic or monetary policy analysis.

DBS CEO: We do not expect the Federal Reserve to raise interest rates this year, but will trade according to market expectations.

DBS CEO: Taiwan's technology, media, telecommunications, and semiconductor ecosystems are seen as drivers of the stock market. He also highlighted opportunities in India's renewable energy growth and artificial intelligence infrastructure development.

The bid-to-cover ratio for Japan's 30-year government bond auction was 3.86, down from 4.55 in July.

Most Hong Kong-listed AI application stocks fell, with Mobvista (01860.HK) plunging nearly 8%, Kingsoft Cloud (03896.HK) falling over 6%, and CMGE (00302.HK), Baidu (09888.HK), Alibaba (09988.HK), and Xiaomi Group (01810.HK) all falling over 3%.

JPMorgan Chase lowered its price target for Disney (DIS.N) from $140 to $137.

Hong Kong stocks opened lower and continued to decline, with the Hang Seng Index falling by more than 2% and the Hang Seng Tech Index falling by 1.7%.

Hong Kong-listed Shanghai Auntie (02589.HK) rose more than 9%, with a trading volume of over 690,000 lots.

The yield on Japan's 20-year government bonds fell 3.5 basis points to 3.655%.

Australia's imports fell 0.2% month-on-month in June, compared with 2.60% in the previous month.

Australia's trade balance for goods and services in June was A$1.929 billion, compared to an expected -A$1.1 billion and a previous reading of -A$3.018 billion.

Australia's exports rose 9.6% month-on-month in June, compared with a -6.90% increase in the previous month.

Pop Mart (09992.HK) shares fell more than 3% in Hong Kong. According to the Hong Kong Stock Exchange, Duan Yongping's holdings in Pop Mart decreased from 7.65% to 5.55%.

Federal Reserve's Daly: We should pay attention to the rise in technology investment lending.

Federal Reserve's Daly: We are closely monitoring the level of investment in the technology sector.

The Hang Seng Index (HSI) opened down 248.68 points, or 0.96%, at 25667.14 on Thursday, August 6th; the Hang Seng Tech Index opened down 48.99 points, or 0.99%, at 4884.08 on Thursday, August 6th; the Hang Seng China Enterprises Index opened down 48.1 points, or 0.56%, at 8555.63 on Thursday, August 6th; and the Hang Seng Red Chip Index opened down 10.91 points, or 0.26%, at 4147.24 on Thursday, August 6th.

Federal Reserve's Daly: If inflationary pressures intensify again, aggressive interest rate measures will be needed.

Federal Reserve's Daly: Concerned about how the public will react to a second major inflation shock.

Federal Reserve's Daly: The Fed should be prepared to take action if inflation gets out of control.

According to the Wall Street Journal: Since Warsh became chairman of the Federal Reserve, US President Trump has spoken with him multiple times.