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Real-time News
Japans purchases of foreign stocks in the week ending August 21 were -869 billion yen, compared to 1,391.3 billion yen in the previous week.Foreign investors net outflowed ¥764.1 billion from Japanese stocks in the week ending August 21, compared with a revised ¥622.4 billion in the previous week (originally ¥621.2 billion).On August 27th, after the close of trading on Wednesday, Nvidia (NVDA.O) investors experienced a rollercoaster ride: after releasing its quarterly earnings report, the companys stock price initially fell before rebounding sharply. Nvidias second-quarter results easily exceeded market expectations, and the company raised its third-quarter earnings forecast. Investors bullish on the company saw this as another boost to the AI investment theme. However, after a long period of gains in tech stocks, the results initially seemed insufficient to excite the market. However, as the earnings call unfolded, market sentiment improved significantly. Nvidia CEO Jensen Huang and other executives stated that the company expects revenue to grow by 70% in fiscal year 2028 and further elaborated on their previous view that AI has reached an inflection point. Nvidias stock price subsequently rose by nearly 5%. Analysts pointed out: "Currently, Nvidias stock price fluctuations are within market expectations. The challenge for the company is no longer simply delivering good results, but rather delivering results that are even better than what investors expect. In this situation, exceeding Wall Street expectations is almost just an entry ticket."According to foreign media reports on August 27th, industry sources stated that up to 70 ships were waiting near the Sulina Canal on the Danube River to enter Ukrainian ports to load export grain. Russian attacks effectively blocked Ukraines Black Sea ports, forcing some cargo ships to divert to Danube ports with much lower capacity. Black Sea ports typically handle 90% of Ukraines grain exports. Pilot shortages and prioritization of other cargo caused significant delays. Grain cargo competed for port access with higher-priority goods such as fuel, slowing export speeds. Frequent air raid sirens forced all ports to suspend operations, exacerbating the disruption. Shipping company sources indicated that the Sulina Canal was expected to close for approximately two days due to inclement weather. Around 70 ships were waiting in the Sulina Strait on Wednesday. Currently, only two to three ships actually pass through the Sulina Strait daily to reach Ukrainian ports.On August 27, Federal Reserve Governor Lisa Cook again denied repeated, unsubstantiated allegations of mortgage fraud made by President Trump. Trump is considering restarting efforts to remove her from her post, a move that could trigger another fierce legal battle over the Feds independence. In a letter to the White House on Wednesday, Cooks lawyers called the allegations "baseless and untrue." The letter stated, "Governor Cook has never committed mortgage fraud or any willful misconduct, and there is no legal justification for removing her from the Federal Reserve Board."
