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U.S. equities closed higher as a weaker-than-forecast payrolls report boosted expectations for earlier Federal Reserve rate cuts, helping the S&P 500 post weekly gains led by Tech and Materials.

BlackRock is finding attractive tax-free income opportunities in a specific area of the bond market.
JPMorgan has raised its rating on Etsy, expecting the stock could rebound by about 20% more as its turnaround progresses.
Shares of a digital doctor-platform company briefly surged more than 100% before easing back.
Argus upgraded SpaceX and said investors should not underestimate Elon Musk’s ability to deliver.
One ETF has beaten the S&P 500 this year, and all of its holdings are led by women.
Josh Brown highlighted a credit card company as one of the strongest long-term growth stories he has seen.
JPMorgan added an unpopular value stock to its list of preferred buys, signaling renewed confidence.
Piper Sandler warned investors away from a software stock that was once a market standout.
Market commentators said the stock market’s move back into the “green zone” is an important signal for investors.
Several headlines pointed to major macro and market themes, including weak jobs data, rising gold prices, tariff plans, AI-related upgrades, and renewed interest in SpaceX.

Hong Kong stocks ended higher, with the Hang Seng Index up 137 points to 25,668 as drugmakers surged and market turnover stayed active.

PALO SPRINGS in Kwu Tung North will launch 65 units in its first sale, with discounted prices starting at HK$5.057 million.
Wang Xingxing said Unitree will actively explore more product forms and models, including humanoid robots.
China’s State Taxation Administration said taxing overseas insurance income is not a new policy and should not be overinterpreted.
Hong Kong stocks closed higher, with the Hang Seng Index up 137 points; pharmaceutical shares surged, Zhizhu rose more than 14%, and AIA rebounded.
China’s foreign exchange reserves increased to US$3.4188 trillion in July, slightly below market expectations of US$3.42 trillion.
The Centaline Hong Kong property index edged up 0.66% week on week to 121.82, ending a three-week decline.
SK Hynix announced a US$38 billion investment to build two wafer fabs in South Korea.
Galaxy Entertainment partnered with Ant Bank to set up financial planning service stations.
ByteDance’s Volcano Engine launched the Seedance 2.5 API, supporting direct generation of 30-second videos.
Eastmoney’s front-page themes highlighted global market linkage, AI-driven “compute metals,” and the strong rotation in Chinese sectors such as technology, real estate, gold, and robotics.

Japanese markets were hit by profit-taking on AI and semiconductor stocks, briefly pushing the Nikkei below 65,000 in morning trade.

English translation: The headlines cover sharp moves in the yen, Japanese stocks, and U.S. markets; policy and political pressure on the Federal Reserve; Japan’s tax enforcement; a nationwide Japan Post system outage; weaker-than-expected U.S. employment data; rising tungsten prices due to Chinese export controls; cost-sharing plans for shipping reroutes around the Strait of Hormuz; a profit warning at Nichirei; possible new Shinkansen route studies; and business and railway industry developments.
1. The yen jumped sharply in New York. After the U.S. July jobs report, expectations for further Fed rate hikes weakened, pushing the dollar lower and the yen briefly into the 157-yen range.
2. Japan’s bond and stock markets saw profit-taking. The Tokyo market briefly fell below 65,000, with investors selling AI and semiconductor shares to lock in gains.
3. Japan conducted large-scale currency intervention. The government spent 6.2 trillion yen on April 30, marking the biggest one-day intervention on record, to slow the yen’s decline during the holiday period.
4. The dollar remained strong in Tokyo trading. As U.S. long-term interest rates rose, markets focused on the interest-rate gap between Japan and the U.S., encouraging yen selling.
5. Wall Street weakened after recent gains. The Dow fell for the first time in six sessions on profit-taking, and the Nasdaq also continued to decline.
6. Trump’s repeated calls to the Fed raised concern. Reports said he phoned the Fed chair multiple times, renewing questions about political pressure and central-bank independence.
7. Japan Post experienced a major system failure. Customers who wanted delivery to post offices or convenience stores could not receive parcels, and the impact may have been nationwide.
8. U.S. employment data came in much weaker than expected. July payrolls fell by 23,000 jobs, far below forecasts, though the unemployment rate improved to 4.1%.
9. Tungsten prices surged due to Chinese export controls. Prices rose more than sixfold, prompting Japanese companies to strengthen recycling efforts.
10. Japan’s business environment is facing multiple pressures. Companies are dealing with higher costs from avoiding the Strait of Hormuz, a profit downgrade at Nichirei after a cyberattack and rising expenses, potential new Shinkansen planning, and a sharp rise in bankruptcies in western Japan.

Bitcoin dominated the crypto market as the controversial BIP-110 fork briefly mined two blocks before stalling, while related warnings emerged that holders could risk losing real BTC if they sell forked coins.

BIP-110, a controversial Bitcoin fork attempt, briefly mined two blocks before the effort stalled.
Bitcoin reached block 961,632 as the BIP-110 soft fork process got underway.
Hardware wallet sales in Russia have more than doubled as new cryptocurrency regulations approach.
Brazil’s central bank has told exchanges to hold back large crypto transfers going abroad.
Bitwise’s Matt Hougan says institutional money could pour into Bitcoin on a trillions-of-dollars scale.
T. Rowe Price included memecoins in its crypto ETF, showing that major asset managers are experimenting with riskier digital assets.
The U.S. Senate has begun the first voting stage on the Crypto Clarity Act, keeping the bill’s prospects alive for next month.
A new exploit has hit Bitcoin infrastructure again, this time draining Lightning payment servers.
New XRP Ledger amendments are aimed at supporting $530 million in tokenized Wall Street assets.
Developers warn that Bitcoin holders could lose real BTC if they sell coins tied to the BIP-110 fork.

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