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Japan's Topix hits record high on easing US tariff worries, domestic firms' outlook
TOKYO, Aug 7 (Reuters) - Japan's Topix index closed at a record high on Thursday after worries about the impact of U.S. tariffs eased, and increased investor optimism about strong performance of domestic firms.Reuters
Thu, Aug 7
Duolingo Soars 20% After Hours — AI Strategy Survives Backlash, Strong Q2 Growth and Expansion Beyond Language
TradingKey - Despite backlash over its AI-driven strategy, Duolingo (DUOL) delivered a blowout second-quarter performance on Wednesday, August 6, reporting revenue and subscriber growth that exceeded expectations and raising its full-year guidance. The strong results sent shares up nearly 20% in
TradingKey
Thu, Aug 7
Cao Cao Mobility Surges 20% After Announcing Entry into Stablecoins and RWA Tokenization
On Thursday, August 7, shares of Cao Cao Mobility (HK.2463) soared over 20% intraday, hitting a peak of HK$61.50, marking the company’s largest single-day gain since its IPO. By midday, the rally had slightly cooled, with the stock trading at HK$58.80, up 19%.TradingKey
Thu, Aug 7
Trump says US to levy 100% tariff on imported chips, but some firms exempt
Trump says tariffs to exclude firms building in AmericaTSMC seen as likely to be exempt due to US factoriesSouth Korea says will have the most favourable levies100% tariffs would be devastating for Philippines - business leader Chip tariffs expected to affect China's SMIC and HuaweiBy Andrea Sha...Reuters
Thu, Aug 7
Federal Reserve Signals Major Shift — Explores Using Gold Reserve Gains to Fund Bitcoin Holdings
On August 7, the Federal Reserve released a research note exploring the possibility of using valuation gains from U.S. gold reserves to fund a Strategic Bitcoin Reserve, marking a dramatic shift in its stance toward digital assets.
Disney Traditional Media Cracks as Streaming Bets on NFL to Reverse Decline
TradingKey - Disney reported better-than-expected Q3 2025 fiscal results before Wednesday’s market open, though traditional television and film businesses continued to weigh on performance. Shares closed down 2.66% at $115.17, marking a 6.49% decline over the past month.
TradingKey
Thu, Aug 7
Apple’s U.S. Investment and Semiconductor Tariff Exemptions Could Lift Apple-Linked and Chip Stocks
TradingKey - While President Donald Trump’s announcement of a 100% tariff on imported semiconductors initially sparked alarm, analysts say the move may be more symbolic than impactful — especially given the broad exemptions for companies investing in or manufacturing in the U.S. The policy is now
Japan's Topix hits record high on Wall Street rally, solid earnings
By Junko Fujita TOKYO, Aug 7 (Reuters) - Japan's Topix index touched a record high on Thursday, tracking strong overnight gains on Wall Street, while solid corporate earnings from domestic firms reinforced expectations of wage growth.The broader Topix .TOPX was up nearly 1% at 2,993.14, as of...Reuters
Thu, Aug 7
Bank of Korea governor says US trade deal removes 'huge burden'
SEOUL, Aug 7 (Reuters) - South Korea's trade deal with the U.S. will "take a huge burden off" monetary policymakers at their upcoming meeting later this month, the country's central bank governor said on Thursday. "I thought we would be in a difficult situation if things went wro...Reuters
Thu, Aug 7
Trump's higher tariff rates hit goods from major US trading partners
Higher tariffs likely to impact global supply chains and inflationSeveral major trading partners secure reduced tariff ratesTariffs increase US federal revenues, further sectoral duties possible By David Lawder and Andrea Shalal Aug 7 (Reuters) - President Donald Trump's higher tariff rates o...Reuters
Thu, Aug 7
Apple Shares Surge 5% — $100 Billion U.S. Investment Secures Tariff Exemption, Company Back on Track
TradingKey - Apple (AAPL) posted its largest single-day gain in over three months, rising 5.09% to $213.25 on Wednesday, August 6, after CEO Tim Cook announced a massive new U.S. investment plan — effectively securing a tariff exemption from the Trump administration.TradingKey
Thu, Aug 7
South Korea says Samsung, SK Hynix will not be subject to 100% US chip tariffs
SEOUL, Aug 7 (Reuters) - South Korea's top trade envoy Yeo Han-koo said on Thursday that Samsung Electronics 005930.KS and SK Hynix 000660.KS will not be subject to 100% U.S. tariffs on chips. Yeo said on radio that among various countries, South Korea will face the most favourable U.S. tariff r...Reuters
Thu, Aug 7
Australia's Neuren Pharmaceuticals hits one-year high on DAYBUE sales jump
Shares of Neuren Pharmaceuticals NEU.AX rise as much as 8.4% to A$18.440, their highest level since August 2, 2024. The drug developer says its North American partner Acadia Pharmaceuticals ACAD.O posts Q2 net sales of $96.1 million for DAYBUE™ (trofinetide), up 14% from a year agoReuters
Thu, Aug 7
Trump announces $100 billion new investment pledge from Apple
Apple brings total US investment commitment to $600 billionInvestment could help Apple sidestep potential iPhone tariffsAnnouncement helps Apple get on Trump's good side, analysts saidBy Andrea Shalal, Nandita Bose and Arsheeya Bajwa WASHINGTON, Aug 6 (Reuters) - President Donald Trump announ...Reuters
Thu, Aug 7
Bank of England, facing jobs-inflation dilemma, poised to cut rates
LONDON, Aug 7 (Reuters) - The Bank of England looks poised to cut interest rates for the fifth time in 12 months on Thursday but nagging worries about inflation are likely to split its policymakers and cloud the outlook for its next moves.Reuters
Thu, Aug 7
Japan not exempt from tariffs above 15%, Asahi Newspaper reports
TOKYO, Aug 7 (Reuters) - The United States will add 15% tariffs on all Japanese imports without applying exceptions for items that already have tariff rates above 15%, the Asahi newspaper reported on Thursday, citing an unnamed White House official.Reuters
Thu, Aug 7
