Public Markets 3h Briefing
×Last updated: August 10, 2026, 11:38 PM ET
Equity Markets
Hong Kong ft.com is set to include trading firms in sweeping tax reforms that may exempt performance-related pay for staff at companies like Jane Street and Citadel Securities, boosting the city's appeal as a financial hub. The BSE's inclusion bloomberg.com in the Nifty 50 index could drive passive inflows of about $741 million, while the NSE gears up for its own listing—a move that could reshape India's exchange landscape. Separately, Vietnam ft.com is betting on Korean-style chaebols to accelerate growth, shifting from reliance on trade and foreign investment toward nurturing homegrown conglomerates.
Commodities
Gold wsj.com gained in early Asian trade, supported by a weaker-than-expected U.S. jobs report that shifted Fed expectations, with central bank buying also underpinning prices; some analysts eye a rally toward $4,500 per ounce. China’s independent refiners may increase purchases of Iranian crude bloomberg.com as regional oil stockpiles in Shandong province dwindle, offering Tehran a needed boost after a period of slow sales.
Corporate Strategy
A critical clause in Elon Musk’s Tesla stock award would eliminate lofty performance targets if a Tesla-SpaceX merger wsj.com occurred, providing a shortcut to his potential $1 trillion payday. The clause, if triggered, would immediately vest all remaining tranches of Musk’s 2018 award wsj.com, accelerating his compensation and drawing scrutiny from Tesla investors.