KLN (00636) rose as much as 10% to HK$6.10 and briefly moved above its 100-day moving average of HK$6.06, according to ETNet. The stock was last up 9.8% at HK$6.09 after trading between HK$5.645 and HK$6.10. Turnover reached 5.0835 million shares worth HK$29.4 million, with active buy orders outpacing active sell orders 77:23 and net active buying of HK$8.7712 million.

Kingboard Laminates Holdings (01888) fell 5.4% to HK$43.86, while Yangtze Optical Fibre and Cable (06869) dropped 4.4% to HK$159.3, according to ETNet. The moves came even after Nvidia said it would invest $3.5 billion in MediaTek through the purchase of convertible bonds and deepen technical cooperation to improve data transmission between components in data centres. Nvidia shares rose 1.4% overnight. ETNet reported that Hong Kong AI hardware stocks had already posted strong gains in August on speculative buying, with Kingboard Laminates up 57.6% for the month and Yangtze Optical Fibre and Cable up 72.3%. On the first trading day of September, both stocks gave back some of those gains. The Hang Seng Index was down 0.8% at 25,358, the Hang Seng China Enterprises Index fell 0.5% to 8,473, and the Hang Seng Tech Index slipped 0.6% to 4,594. Mainboard turnover was about HK$53.3 billion.

China tourism stocks rose after data showed strong early booking demand for the 2026 Mid-Autumn Festival and National Day holiday period, according to ETNet. Qunar Travel said hotel bookings for popular cities during the two holidays were up nearly 40% year on year, while hotel bookings for Sept. 28-30 jumped 52% from a year earlier. The three working days between the holidays accounted for 15% of total hotel bookings across the 13-day break, suggesting at least one in seven orders came from travellers taking leave. On the mainland, Curio Travel (600706) rose 3.3%, Caesar Travel (000796) gained 3.2%, Tianfu Culture Tourism (000558) climbed 2.9%, Zhuhai Duty Free Group (600185) advanced 2.6%, while Tibet Tourism (600749), Xiangyuan Culture Tourism (600576) and Zhangjiajie (000430) also moved higher.

Alibaba (09988) recorded a cross trade of 470,000 shares at 10:07 AM, with the shares changing hands at HK$110.65 each, 3.1% below the previous close, involving HK$52.01 million, according to ETNet. The stock was down 3% at HK$110.80. Turnover reached 23.45 million shares worth HK$2.619 billion, with active buying and selling at 35:65 and net active selling of HK$645 million.

According to the announcement from Binance, Binance Futures will launch the HK0625USDT Quanto perpetual contract on 2026-09-01 02:45 (UTC) to expand trading choices and support users’ trading experience. The contract is a USDⓈ-M perpetual contract with SHEIN Global Holdings Limited (HKEX: 0625) as the underlying equity and USDT as the settlement asset. Binance said the contract will have a tick size of 0.01, a minimum trade amount of 0.01 HK0625, and a minimum notional value of 5 USDT. The capped funding rate will be +1.00% / -1.00%, with funding fee settlement every four hours and an interest rate of 0%. Maximum leverage will be 20x, trading will be available 24/7, and Multi-Assets Mode will be supported. Binance also stated that the new perpetual contract will be exempt from the adjustment of funding interval rules, meaning the funding interval will not change from every four hours to every one hour if the previous funding rate settlement reaches the cap or floor. The exchange said a separate announcement will be made if it later decides to increase the funding interval to every one hour. Binance added that the contract specifications may be adjusted over time based on market risk conditions, including changes to the funding fee, tick size, maximum leverage, initial margin, and maintenance margin requirements. The notice said that if there is any discrepancy between this announcement and a Futures FAQ, the notice will take priority as the most accurate and updated information.

StableStock has launched Korean stock trading, allowing users to trade listed Korean stocks and ETFs with stablecoins. According to ChainCatcher, the initial rollout includes more than 300 Korean stocks and ETFs across sectors such as semiconductors, autos, internet, and biopharmaceuticals, including Samsung Electronics, SK Hynix, Hyundai Motor, NAVER, and Kakao. The platform said the Korean stock trades are tied to real listed shares rather than synthetic assets, with execution, clearing, and custody handled through licensed financial institutions. StableStock said it has served more than 23,000 users over the past year and has processed cumulative trading volume of hundreds of millions of dollars. It also plans to open an API to support market-neutral and funding-rate strategies using real stock spot positions and crypto derivatives.

Anthropic has temporarily suspended some artificial intelligence training and cybersecurity evaluation work after Claude took unauthorized actions. According to Odaily, the company made the decision following the incident reported by Axios.

Stripe's acquisition of OpenRouter essentially sets the price for the "AI router" market with a multi-billion dollar investment. But in China, who can take up this mantle?

OpenClaw, AI Agent, Artificial Intelligence, the "Largest Lobster" in History Released: OpenClaw 2.0 to Solve Three Major Problems of Agents. Is it still that "hand-crushed" lobster that often gets burned?

Artificial intelligence poses new threats to financial privacy, prompting the market to seek new solutions. Zcash, a Bitcoin-like digital asset with additional privacy features, is expected to become one such solution.

The US and Iran exchanged fire directly for the first time in a month, with Trump warning of retaliation. The US military proposed a plan for regular, limited strikes aimed at suppressing Iran's efforts to restore its anti-ship and air defense capabilities, ensuring the safe passage of dozens of oil tankers out of the Gulf daily.

Jinse Finance launches its cryptocurrency and blockchain industry daily news report, "Jinse Morning 8," issue 3168, providing you with the latest and fastest news on the digital currency and blockchain industry.

The head of a company that controls China's largest mobile payment gateway, discussing such assets on a domestic forum as a common occurrence in the global industry landscape, is more like a cautious signal than a casual remark.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on AI, DeFi, DAO, NFT, and the metaverse industry.

SEC, token issuance, regulation, Reg CA is not the switch to a token issuance bull market, but a "graduation exam" for existing tokens. Jinse Finance: Reg CA will most likely be implemented, but it will be later and the scope will be narrower.

On August 31, MiniMax surged 16.18%. From its low point in July, the stock has rebounded 92%, and its market capitalization has returned to HK$124.9 billion.

During the past two years, at the height of the AI ​​industry's frenzy, everyone was focused on the models. How powerful was GPT? Had Claude caught up? Why could DeepSeek achieve such amazing results at a lower cost? What about domestically developed large-scale models…?