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Key Events Overnight and This Morning

2026-08-09·newswire-us-stock-202002
Key Events Overnight and This Morning.

Key current-affairs developments include Beijing's decision to reduce the required period for non-Beijing households to have paid social-security contributions and individual income taxes before buying a home to one year. Domestic residents made 3.463 billion trips during the first half of the year and spent 3.21 trillion yuan in total on travel.

Typhoon "White Dolphin" was expected to make landfall along the coast from Zhoushan in Zhejiang province to Fuding in Fujian province on the evening of Aug. 9, Beijing time. The storm could affect as many as 25 airports in a single day. U.S. nonfarm payrolls fell by 23,000 in July, compared with an increase of 57,000 in the previous reading.

The unemployment rate was 4.1%, versus 4.2% previously. Trump again called for Cook to resign, challenging the Federal Reserve's independence. U.S. officials said they expected Iran and Oman to reach an agreement soon on the Strait of Hormuz. An Iranian official said a defense agreement could not guarantee Saudi Arabia's security. All three major U.S.

stock indexes closed higher. The Dow Jones Industrial Average rose 0.28%, the S&P 500 gained 0.62% and the Nasdaq Composite advanced 1.3%. The optical-communications sector surged, with Coherent up more than 13% and Credo up more than 8%. Tesla and Nvidia each rose more than 2%.

The Nasdaq Golden Dragon China Index gained 0.77%, while Uxin jumped more than 26%. For the week, the Dow rose 2.96%, the S&P 500 gained 3.58% and the Nasdaq advanced 5.19%. Gaozheng Minbao, which has risen for seven sessions in eight days, said the company has no specific plan involving a mine-asset injection or a major asset restructuring.

Cambricon said its net profit for the first half rose 122.61% year over year. Unitree Technology said a sales ban on its robots would not affect sales of its existing major products.

#Stocks #Nvidia #Tesla #Fed #Gold

Full text

Key Events Overnight and This Morning

Key current-affairs developments include Beijing's decision to reduce the required period for non-Beijing households to have paid social-security contributions and individual income taxes before buying a home to one year. Domestic residents made 3.463 billion trips during the first half of the year and spent 3.21 trillion yuan in total on travel. Typhoon "White Dolphin" was expected to make landfall along the coast from Zhoushan in Zhejiang province to Fuding in Fujian province on the evening of Aug. 9, Beijing time. The storm could affect as many as 25 airports in a single day. U.S. nonfarm payrolls fell by 23,000 in July, compared with an increase of 57,000 in the previous reading. The unemployment rate was 4.1%, versus 4.2% previously. Trump again called for Cook to resign, challenging the Federal Reserve's independence. U.S. officials said they expected Iran and Oman to reach an agreement soon on the Strait of Hormuz. An Iranian official said a defense agreement could not guarantee Saudi Arabia's security. All three major U.S. stock indexes closed higher. The Dow Jones Industrial Average rose 0.28%, the S&P 500 gained 0.62% and the Nasdaq Composite advanced 1.3%. The optical-communications sector surged, with Coherent up more than 13% and Credo up more than 8%. Tesla and Nvidia each rose more than 2%. The Nasdaq Golden Dragon China Index gained 0.77%, while Uxin jumped more than 26%. For the week, the Dow rose 2.96%, the S&P 500 gained 3.58% and the Nasdaq advanced 5.19%. Gaozheng Minbao, which has risen for seven sessions in eight days, said the company has no specific plan involving a mine-asset injection or a major asset restructuring. Cambricon said its net profit for the first half rose 122.61% year over year. Unitree Technology said a sales ban on its robots would not affect sales of its existing major products.

Key current-affairs developments include Beijing's decision to reduce the required period for non-Beijing households to have paid social-security contributions and individual income taxes before buying a home to one year.

Domestic residents made 3.463 billion trips during the first half of the year and spent 3.21 trillion yuan in total on travel. Typhoon "White Dolphin" was expected to make landfall along the coast from Zhoushan in Zhejiang province to Fuding in Fujian province on the evening of Aug. 9, Beijing time. The storm could affect as many as 25 airports in a single day.

U.S. nonfarm payrolls fell by 23,000 in July, compared with an increase of 57,000 in the previous reading. The unemployment rate was 4.1%, versus 4.2% previously.

Trump again called for Cook to resign, challenging the Federal Reserve's independence. U.S. officials said they expected Iran and Oman to reach an agreement soon on the Strait of Hormuz. An Iranian official said a defense agreement could not guarantee Saudi Arabia's security.

All three major U.S. stock indexes closed higher. The Dow Jones Industrial Average rose 0.28%, the S&P 500 gained 0.62% and the Nasdaq Composite advanced 1.3%. The optical-communications sector surged, with Coherent up more than 13% and Credo up more than 8%. Tesla and Nvidia each rose more than 2%. The Nasdaq Golden Dragon China Index gained 0.77%, while Uxin jumped more than 26%.

For the week, the Dow rose 2.96%, the S&P 500 gained 3.58% and the Nasdaq advanced 5.19%.

Gaozheng Minbao, which has risen for seven sessions in eight days, said the company has no specific plan involving a mine-asset injection or a major asset restructuring. Cambricon said its net profit for the first half rose 122.61% year over year. Unitree Technology said a sales ban on its robots would not affect sales of its existing major products.

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