The rumored foldable iPhone is now being called iPhone Duo, after earlier names such as iPhone Ultra and iPhone Fold. According to Sina Finance, there is still no evidence that Apple will use the iPhone Duo name, although the possibility remains. Apple has previously used the Duo brand for the PowerBook Duo notebook line in the 1990s and for the MagSafe Duo charger in the early 2020s. The article says Duo refers to the foldable iPhone’s dual-screen design. Microsoft launched the Surface Duo dual-screen Android phone in 2020, and Intel previously released the popular Core Duo and Core 2 Duo processors. The report also notes that other rivals use Ultra and Fold naming, including Samsung’s Galaxy S26 Ultra and Galaxy Z Fold8. In April, former Macworld reporter Felipe Esposito cited sources familiar with Apple’s plans as saying the foldable iPhone would be named iPhone Ultra. Bloomberg’s Mark Gurman said many Apple employees call the device iPhone Ultra, but he has never reported with certainty that it will be the product’s official name. Apple has already used the Ultra name for Apple Watch Ultra, CarPlay Ultra, and the M1 Ultra, M2 Ultra, M3 Ultra, and M5 Ultra chips.

According to Yonhap, HKET and JPX official data, Asian index-futures traded higher overnight after Federal Reserve Governor Christopher Waller said he would back holding rates at this month's FOMC if incoming data confirm easing inflation pressure. His remarks trimmed rate-hike bets and lifted Wall Street, with the Dow up 1.18%, the S&P 500 up 1.06% and the Nasdaq up 1.40%; the CME-implied odds of a September hold rose to 49.5% from 36.8%, and the 10-year Treasury yield eased 3 basis points to 4.761%. The yen firmed past 156 per dollar. In Japan's overnight futures on the Osaka Exchange, the near-month Nikkei 225 index futures (September 2026 contract) settled the night session at 65,830, up 810 points, trading between a low of 64,660 and a high of 65,970 from an open of 65,100 (as of 06:00 Japan time, Sept. 5). Hong Kong's Hang Seng Index night futures closed 10 points higher at 25,667, while the FTSE China A50-linked mainland-shares gauge cited by HKET rose 0.9% to 6,055. Among U.S.-listed proxies, Baidu's American shares traded about 1.7% above their Hong Kong close; converted to Hong Kong dollars, Tencent's ADR was 443.76 (+0.22%), HSBC's ADR 167.96 (+0.75%), Alibaba's U.S. shares 110.98 (+0.80%) and Meituan's ADR 81.50 (-0.31%). In the prior cash session the Hang Seng had closed up 437 points at 25,650. Taiwan's index-futures night session did not trade, as the Taiwan Futures Exchange runs no after-hours session ahead of the weekend; the market is closed for the night session. South Korea is omitted this session: no morning report on the KOSPI 200 night-futures close for the overnight period was available, so no night-session figure is reported for Seoul.

People involved in the talks said U.S. negotiators used promises of access to Nvidia AI chips to help secure a preliminary peace agreement between Armenia and Azerbaijan last year. According to Odaily, the U.S. also expanded chip purchase approval authority for Armenia’s data center project to encourage its participation in the negotiations. The arrangement was described as one of the clearest examples so far of what U.S. officials have called "chip diplomacy." The article said the Armenia deal was the Trump administration’s first public use of such a tactic to help reach a peace agreement, after previously using AI hardware in talks with the United Arab Emirates and Saudi Arabia. It also said the agreement further deepened ties between the White House and the world’s largest chipmaker.

A Chuncheon District Court judge sentenced a 34-year-old man to one year in prison for violating the Act on Reporting and Using Specified Financial Transaction Information. According to Foresight News, the man operated a virtual asset cash-out channel on Telegram from January to June this year, recruited clients, and carried out 152 transactions. He received a total of about 2.287 million USDT from customers and delivered equivalent cash in person after deducting a 2% to 5% fee. The court said the activity amounted to illegal virtual asset business operations that were not reported to South Korean financial authorities.

U.S. stocks closed lower on Friday as Treasury yields rose following the release of employment data, with the 2-year Treasury yield touching its highest level since January 2025, according to Sina Finance. The S&P 500 fell 0.38% to 7,718.60, the Nasdaq Composite slipped 0.29% to 26,506.99, and the Dow Jones Industrial Average dropped 271.86 points, or 0.51%, to close at 53,414.25. August nonfarm payrolls increased by 162,000, far above the 53,000 expected by economists surveyed by Dow Jones, while the unemployment rate held at 4.1%, in line with expectations. June and July payroll figures were both revised upward. According to the CME FedWatch tool, federal funds futures traders now price a 58% probability that the Federal Reserve will raise rates in two weeks, up from 49.4% the prior day. Among the "Magnificent Seven," Meta Platforms rose 1.00% and Nvidia gained 0.84%, while Amazon fell 0.15%, Alphabet dropped 1.05%, Microsoft declined 2.04%, Apple lost 2.51%, and Tesla tumbled 5.92%. The Philadelphia Semiconductor Index gained more than 3%. Storage stocks rallied, with SanDisk up more than 11%, SK Hynix up more than 8%, Micron up more than 6% and Western Digital up more than 5%, while Seagate Technology fell more than 6%. In optical communications, Marvell Technology rose more than 7%, Coherent gained more than 6%, Corning added more than 5%, and Lumentum climbed 4%. Janus Henderson portfolio manager Bradford Smith said the August jobs report was very strong, reflecting a sharp rise in labor-data volatility while slightly increasing the likelihood of a September rate hike. He added that the outlook for Fed policy will depend heavily on upcoming inflation data, noting that after Chair Warsh's hawkish signal at the Jackson Hole meeting last week, the Fed has formed a clear inclination to raise rates if subsequent data fails to show further progress on cooling inflation. On Thursday, Treasury yields had retreated after Fed Governor Christopher Waller said he "leans toward supporting" keeping rates in the current 3.5%-3.75% target range at the September 15-16 meeting, lifting the three major indexes. For the week, the Dow fell 0.3%, the S&P 500 rose 0.1%, and the Nasdaq Composite gained 0.4%.

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