Japanese chip-related shares jumped: Kioxia rose 7.3%, SoftBank Group rose 5.4% and Lasertec rose 8.2%.

Huatai Securities says persistent global liquidity uncertainty is likely to cap further valuation recovery for Hong Kong equities; recommends low-volatility, high-dividend names as core holdings (banks, utilities) and advises limiting exposure to sectors with high U.S. Treasury-yield beta such as metals. Earnings: aggregate Hong Kong-listed profit growth in 1H2026 rebounded sharply YoY but is highly divergent — high-dividend earnings turned positive mainly on resource-sector strength (sustainability uncertain), innovative drugs sustained strong growth, while internet profit declines widened. Based on earnings signals and sensitivity to rate expectations, Huatai favors innovative drug and CXO leaders with both earnings realization and market recognition. Staples such as food & beverage have moved into the latter stage of their fundamental trough but lack near-term catalysts; recommend patience.

On Sept. 6, Iran’s armed forces chief of staff said Iran will not surrender to the US and that US pressure via soft‑power, cognitive and economic warfare cannot force Tehran to change course. He said US planners mistakenly expected Iran to capitulate before any military action and are now attempting to use non‑military measures to compensate for strategic failures. He added Iran has demonstrated a new model of resistance.