Public Markets 8 Hours

Last updated: August 10, 2026, 11:37 PM ET

Equities

The Nifty 50 inclusion could drive $741 million of passive flows into BSE. Tencent is seeing early success with its Work Buddy AI tool after lagging peers in the AI race. The AI stock ETF risks are spreading to a broader equity market as leverage concentrates in the same AI names. AI trade is luring investors away from bitcoin and digital tokens. Wall Street’s AI bet seeks another $500 billion to raise computing power money for Nvidia customers. Gautam Adani won dismissal of US securities fraud charges, ending a blockbuster case threatening his conglomerate’s expansion. Trump Media reported a loss of $238.1 million for the second quarter, deepening from $20 million a year earlier. Rocket Lab narrowed its loss and reported rising revenue, ending the quarter with a backlog of $2.36 billion. Hims & Hers Health boosted its revenue target to $3.1–$3.3 billion after swinging to a second-quarter loss. AST SpaceMobile reaffirmed its revenue outlook of $150–$200 million as its satellite network expands.

Fixed Income

Bonds fell across Asia Pacific, following Treasuries lower as oil’s rally revived inflation concerns before key US consumer price data. Treasury yields rose as hopes for a US-Iran deal over Hormuz faded and rising oil prices stoked inflation fears.

Currencies

The yen strengthened slightly amid prospects of coordinated intervention by Japan and the U.S. Traders are piling into Taiwan dollar options to bet on a rebound after the currency suffered its worst July since 2015. The yen intervention effect is already fading, raising prospects of another action. The yen sank as the US-Japan intervention effect faded, giving up roughly half its gains due to a lack of "unified voice" among central banks. The renminbi faces a difficult path to becoming an asset the world wants to hold.

Commodities

Gold gained on a weaker-than-expected U.S. jobs report and central bank buying. Gold advanced above $4,400 an ounce, hitting a two-month high ahead of a key US inflation report on the Fed’s appetite for a rate hike. China’s shrinking stockpiles could boost Iran oil buying by independent refiners in Shandong province. Oil futures edged lower in early Asian trade on a technical correction after strong overnight gains. Oil held a four-day gain after President Trump made sweeping demands on Iran, clouding the outlook for a Hormuz deal. Oil surged as Hormuz talks stalled, with Nvidia’s big deal and Intel’s share sale also in focus. U.S. natural gas futures rebounded on warmer weather forecasts and Middle East supply concerns.

Policy & Regulation

Hong Kong may exempt performance-related pay for staff at trading firms like Jane Street and Citadel Securities in "big bang" tax reforms. Vietnam is betting on Korean-style chaebols to boost growth after relying on trade and foreign investment. Russia’s antiwar party Yabloko was banned from parliament elections after its pro-peace manifesto crossed a red line with the Kremlin. The DHS is intensifying deportation of noncitizens on voter rolls who inadvertently registered while obtaining driver’s licenses. The FDA ordered food ingredient disclosure but delayed RFK Jr.’s ultraprocessed crackdown, requiring companies to notify regulators before adding new ingredients. Bernie Sanders called on AI companies to pause development to "avoid disaster," warning corporations have lost control of technology that could cause "cataclysmic results."

Corporate & Deals

Tesla has a clause that would wipe out lofty performance targets if it merges with SpaceX, giving Musk a shortcut to his $1 trillion payday. JBS heir Wesley Batista Filho will become CEO of the world’s largest meatpacker, restoring control to its founding family. South Korea’s Hanwha made a $1 billion push into US naval shipbuilding with a nonbinding offer for Austal USA. OpenAI ethics lead Chloé Bakalar departed less than a year after joining, one of several high-profile exits amid safety concerns. The SEC alleged Adit Ventures and co-founder Eric Munson misled investors in pre-IPO schemes and overcharged clients. Morgan Stanley will facilitate a $1.5 trillion infrastructure initiative to support clients building companies and technologies central to US economic and national security. Alternative investment firm 777 Partners filed for bankruptcy weeks after creditors sought liquidation of the company that began unloading assets over a year ago. Chicago hired Fitch senior director Ashlee Gabrysch as its new CFO amid a rash of exits.