EUR/USD
1.17039
0.223%
Gold
4583.45
1.424%
Oil
85.985
0.072%
USD/JPY
158.519
-0.334%
GBP/USD
1.36594
0.217%
GBP/JPY
216.534
-0.107%
Real-time News
On August 21, it was reported that the Japanese government will allocate an additional 150 billion yen (approximately US$944 million) to support chip startup Rapidus, increasing spending in an effort to compete with companies like TSMC. According to a source familiar with the matter, Japans Ministry of Economy, Trade and Industry will seek more funding for the domestic chip foundry in the 2027 fiscal year budget. This government-backed joint venture, established in 2022, aims to manufacture cutting-edge 2-nanometer chips by 2027 and help Japan reduce its dependence on TSMC. Policymakers consider Rapiduss success and its technological independence in AI, robotics, and quantum computing crucial to national security.Bernstein raised its price target for NetEase (NTES.O) from $150 to $160.Southbound capital saw a significant net outflow of HK$7.63 billion today. In the Shanghai-Hong Kong Stock Connect, Alibaba-W and Xiaomi Group-W experienced net outflows of HK$1.118 billion and HK$590 million respectively; Pop Mart saw the largest net inflow at HK$209 million. In the Shenzhen-Hong Kong Stock Connect, Tencent Holdings and Meituan-W saw net outflows of HK$570 million and HK$341 million respectively; both saw the largest net inflow at HK$496 million.According to Interfax news agency: Russian troops have captured a village in eastern Ukraine.On August 21, CNN published an exclusive report on the 20th stating that the U.S. Navy is working on renaming the aircraft carrier USS Doris Miller, which is currently under construction, and may instead be named after current U.S. President Donald Trump. The report cited three sources as saying that the U.S. Navy has been pushing forward with the renaming of the USS Doris Miller since the beginning of this year. Two of the sources revealed that internal discussions have included renaming it after Trump. During Trumps first term as president, the U.S. Navy announced that the aircraft carrier CVN-81 would be named USS Doris Miller in honor of Doris Miller, the African American soldier who fired machine guns at Japanese aircraft during the 1941 attack on Pearl Harbor. The carrier is expected to be delivered in 2034.
