News

Hong Kong stocks opened higher, with the Hang Seng Index up 0.4% and the Hang Seng Tech Index up 0.68%. Alibaba (09988.HK) opened up 3.42% and Concord New Energy (00182.HK) opened up 14.08%, after announcing that it had signed a power purchase agreement with Tesla.

Australia's TD-MI inflation index rose 1% month-on-month in July, compared with a previous reading of -0.40%.

Australia's TD-MI inflation index rose 4% year-on-year in July, down from 3.90% previously.

NI225 fell by 2.00% within the day.

Japan's final manufacturing PMI for July was 54.5, below the expected 54.7 and the previous reading of 54.7.

Jun Mimura, Japan's top foreign exchange official: The limitations of the FIMA tool do not mean that overall foreign exchange intervention is constrained.

Jun Mimura, Japan's top foreign exchange official: The FIMA repurchase tool is just one of the intervention methods.

Jun Mimura, Japan's top foreign exchange official: The government will maintain close cooperation with the Bank of Japan.

Jun Mimura, Japan's top foreign exchange official, declined to comment on the remarks made by the Bank of Japan and US President Trump.

Jun Mimura, Japan's top foreign exchange official, stated that joint intervention could be the culmination of the US-Japan monetary alliance and that further joint intervention would not be hesitated.

Australia's S&P/ASX 200 index opened down 22.00 points, or 0.25%, at 8954.80 on Monday, August 3.

[Japanese and South Korean stock markets open lower] The NI225 index opened down 659.27 points, or 1.02%, at 63,702.75 on Monday, August 3. The South Korean KOSPI index opened down 217.22 points, or 3.29%, at 6,378.23 on Monday, August 3. SK Hynix fell 4%, and Samsung Electronics fell 5%.

U.S. Defense Secretary Hergsays: (Regarding Iran) The fact is, the Department of Defense is ready—and always has been ready—at its best level since World War II. The guns are loaded, the bullets are in the magazines.

Japan's Ministry of Finance: We remain vigilant and maintain close contact with the U.S. Treasury Department.

Japan's Ministry of Finance stated that the intervention was aimed at addressing the recent excessive and disorderly fluctuations in the yen. It will not hesitate to conduct further foreign exchange intervention with the United States and plans to use the Federal Reserve's foreign and international monetary authority repurchase facilities in the future.

Japan's Ministry of Finance: A coordinated yen-buying intervention was conducted with the United States last Friday; the Ministry of Finance and the United States jointly purchased yen.

Australia's final S&P Global Manufacturing PMI for July was 52, below the expected 51.7 and the previous reading of 51.7.

New Zealand's building permits annual rate in June was 32.1%, compared to 20.6% previously.

New Zealand's building permits fell 3.6% month-on-month in June, with the previous figure revised from -4.00% to -4.9%.

US President Trump: There are people within the Iranian regime who want to reach an agreement.