OnePage Money - Your news on time is priceless

US stocks were pressured by a sharp Nasdaq-100 selloff and a record-low valuation for the Magnificent 7, while AI and chip names stayed relatively resilient on strong Microsoft-linked momentum.

The Magnificent 7 ETF has dropped to a record-low valuation, and several names in the group may now be attractive buying opportunities.
SpaceX short interest has now surpassed Tesla’s ahead of earnings and an important lockup expiration event.
Two biotech stocks highlighted on Josh Brown’s Best Stocks list are hitting meaningful new highs.
TD Cowen is bullish on stablecoin issuer Circle, while Morgan Stanley believes the stock should be sold.
Truist says a beaten-down optical sensor stock is worth buying on the dip.
Street analysts are pointing to three dividend stocks as strong picks for passive income investors.
The Nasdaq-100 had its worst month since March 2025, but some stocks managed to hold up better than the rest.
AMD and SanDisk are among the major chip stocks showing notable earnings momentum this week.
Texas Stock Exchange has officially launched in Dallas, marking a new development in U.S. market structure.
Big Tech and AI-linked names remain in focus as markets react to strong semiconductor gains, major earnings, and shifting investor sentiment.

Hong Kong stocks closed higher as the Hang Seng Index rose 124 points to reclaim 26,000, led by a more than 7% surge in Alibaba and strong gains in tech names, while analysts also noted improved sentiment from stronger Hong Kong growth expectations and resilient market turnover.

China Citic Asset Management expects its first-half net profit to fall 60%–70% year on year.
Ride-hailing company Ruqi Mobility says its first-half loss is likely to narrow to no more than RMB 75 million.
Alibaba is reported to be consolidating two internal secret teams and its Wukong-related business into a new Qianwen office business unit.
Hong Kong stocks closed higher, with the Hang Seng Index rising 124 points to reclaim 26,000, driven by gains in Alibaba and other tech-related shares.
UBS raised its forecast for Hong Kong full-year GDP growth to 4.5%.
Major brokerages gave mixed but largely positive comments on Amazon, citing strong AWS growth and raising target prices in several cases.
Goldman Sachs cut Apple’s target price to $360, citing weaker-than-expected Q4 guidance and supply constraints.
Meta saw target-price cuts from multiple brokerages, with concerns focused on higher execution risk and weaker outlooks.
China’s monetary policy will remain moderately loose, with the central bank stressing liquidity support, balanced credit growth, and tools to support capital markets.
China’s policy and market trends show stronger capital-market openness, a continued rush into Hong Kong and Chinese assets, and heavy ETF inflows amid global portfolio rebalancing.

Japan and the U.S. carried out an unusual coordinated currency intervention to slow the yen’s sharp fall, signaling a strong joint stance against market-driven “Japan selling.”

U.S. and Japanese authorities carried out a coordinated currency intervention, with officials framing it as an unusual but deliberate move to counter “Japan selling” in the market.
Market observers said Japan’s share of the intervention alone may have been around 5 trillion to 6 trillion yen, with two straight days totaling roughly 11 trillion to 12 trillion yen.
Japanese officials suggested they would not hesitate to intervene further if needed, and U.S. Treasury Secretary Bessent also warned of additional action.
A senior Japanese finance official described the coordinated intervention as the “completed form” of a U.S.-Japan currency alliance.
Tokyo stocks fell sharply at one point, dropping more than 1,500 yen, as profit-taking and a stronger yen weighed on the market.
The ruling Liberal Democratic Party approved a plan to cut the consumption tax on food and beverages to 1%, with final government approval possibly coming soon.
The flat 35-year mortgage rate rose to 3.29% in August, marking the highest level on record.
TSMC said it would donate 250 million yen to support disaster recovery in Kumamoto, while its first factory passed inspections and resumed normal production.
Investigation and recovery efforts continued in Kumamoto, including a full probe into the explosion at Aeon Mall Kumamoto and continued support for affected areas.
Several local and consumer stories highlighted business and social trends, including FamilyMart’s larger portion promotions, changes in ceremonial gifts, regional branding for Tamagawa pears, the renewed popularity of Sanrio characters, and a new edamame sorting machine that greatly reduces labor and cost.

Bitcoin and ether fell as the ongoing Coldcard hardware wallet exploit, combined with broader market headwinds, pressured crypto sentiment.

Trump-linked American Bitcoin president Matt Prusak is leaving to join Giga Energy.
U.S.-Japan intervention has renewed concerns that the yen carry trade could pressure bitcoin.
Circle shares dropped after Morgan Stanley downgraded the stock and lowered its price target.
Bernstein warned crypto markets could fall further if the Clarity Act fails to move forward.
BlackRock is broadening its tokenized cash products with new blockchain-based money market funds.
Tom Lee’s Bitmine increased its ether holdings and also added to its stock buyback program.
Strategy sold another $105 million in bitcoin last week while repurchasing $81.2 million of STRC.
Bitget plans to leave Japan and close all remaining positions by the end of the year.
A solo Bitcoin miner earned $200,000, while a Coldcard hardware wallet exploit hurt market sentiment.
Bitcoin and ether prices fell as the Coldcard exploit continued into a fifth day.

Disclaimer:
The information provided on this website is for informational and educational purposes only and should not be construed as financial, investment, trading, or other professional advice. All opinions, analyses, and commentary reflect the personal views of the respective authors and do not constitute recommendations to buy, sell, or hold any assets, securities, or cryptocurrencies. While every effort is made to ensure the accuracy and timeliness of the information presented, no warranty, express or implied, is given regarding its completeness, reliability, or suitability. Financial markets, particularly cryptocurrencies and digital assets, involve significant risk and volatility. You should conduct your own research, seek independent advice from licensed financial advisors, and assess your risk tolerance before making any investment decisions. The website, its contributors, and affiliates assume no liability for losses or damages arising from the use of or reliance on any information contained herein. External links are provided for convenience and informational purposes only; the site has no control over and assumes no responsibility for their content or policies. By using this website, you acknowledge and agree to these terms.