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  1. CBO Report: Iran War Escalates US Inflation, Strains Munitions Stockpiles
  2. U.S. Stock Futures Edge Up Ahead of Fed Rate Hike Decision · 3 sources
  3. Vietnam's To Lam Taps Global Diplomacy to Fuel Economic Growth
  4. China's Economic Outlook Dims Amid Worsening Real Estate and Retail Pressures in August
  5. Japanese Companies Boost Hiring Perks for High School Graduates Amid Labor Shortages

Markets 122

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  • U.S. stock futures are showing modest gains.
  • Market focus remains primarily on the upcoming Federal Reserve rate decision.
  • Investors are likely positioning ahead of potential monetary policy changes.
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  • Japan's Nikkei Stock Average declined 0.2%.
  • Losses in chip-related stocks were a primary factor in the decline.
  • Gains in energy companies and trading houses helped to offset some of the losses.

Macro/Economy 60

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  • US war on Iran has cost $38 billion in six months, projected to rise by $3 billion monthly.
  • Conflict is expected to increase inflation by 0.5 percentage points in the first three months of 2027.
  • Replenishing depleted US munitions stockpiles could take up to five years.
  • The war has disrupted global energy markets and contributed to rising prices.
  • Vietnamese President To Lam oversaw deals during recent visits to France and Russia.
  • Agreements covered key sectors including energy and aviation.
  • The diplomatic efforts aim to boost Vietnam's annual economic growth rate to 10%.
  • Vietjet and Thales exchanged agreements on aircraft maintenance and digital aviation.
  • Slower consumption in August contributed to China's economic slowdown.
  • Property investment experienced a sharper fall in August, further dragging growth.
  • Policymakers face increased pressure to implement additional stimulus measures.
  • Exports continue to be a crucial pillar supporting China's economic growth.
  • Japanese companies are enhancing hiring incentives for high school graduates due to ongoing labor shortages.
  • New perks include expanded training programs, revised promotion systems, and support for certifications.
  • The hiring screening process for students graduating in spring 2027 has officially begun.
  • These efforts aim to secure young talent in Japan's competitive job market.
  • Japanese households are increasing spending on digital purchases within video games.
  • This rise in in-game spending occurs even as inflation prompts consumers to reduce other expenditures.
  • The 'gacha' randomized reward mechanism is identified as a key driver for high-engagement users' spending.
  • Game-related spending continues to grow, contrasting with a dip in food spending.

Central Banks 12

Energy/Oil 21

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  • Japanese energy group Inpex reports strong buyer interest for its Abadi LNG project in Indonesia.
  • Interest is driven by Middle East tensions, highlighting the value of energy resources bypassing the Strait of Hormuz.
  • The Abadi LNG project is projected to produce 9.5 million metric tons of LNG annually.
  • This production volume is equivalent to over 10% of Japan's yearly LNG imports.

Gold/Metals 19

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  • Australian miner EQ Resources will participate in a US government-backed project to restart a tungsten processing plant in Nevada.
  • EQ Resources will hold a 10% stake in the project, aimed at rebuilding the US domestic tungsten supply chain.
  • The initiative responds to Chinese export curbs on tungsten, a widely used metal.
  • The project focuses on reviving production at the long-shuttered Springer Mine complex.

Crypto 38

Geopolitics 40

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  • Saudi air defenses intercepted and destroyed a Houthi drone launched towards Mecca, according to the Saudi-led coalition.
  • The coalition spokesperson, Major General Turki Al-Malki, declared the act a 'red line' and stated the coalition would act against Houthis.
  • This incident occurred a day after Houthi missile and drone attacks injured 13 civilians in Saudi cities like Khamis Mushait, Abha, and Taif.
  • West Texas Intermediate (WTI) crude oil was down 0.85% at $100.10 at the time of writing.
  • New Chinese entry and exit rules took effect Tuesday, tightening border control.
  • The rules explicitly link who can enter and leave the country with national security concerns.
  • Lawyers indicate the move raises compliance stakes for businesses, particularly in sensitive sectors like chips and AI.
  • Observers suggest the rules largely formalize existing practices but introduce additional considerations for certain travelers.
  • The presumed crash of one of Japan's three Global Hawk reconnaissance drones could significantly hurt its defense capabilities.
  • Global Hawk drones are central to Japan's long-distance surveillance missions.
  • The loss of one drone risks creating a substantial surveillance gap for Japan.
  • Global trade dynamics are being reshaped by major economic powers.
  • The United States, European Union, and China are increasingly imposing and enforcing their own trade rules on each other and other economies.
  • Legal due diligence is becoming a central and critical component in this evolving global trade landscape.
  • Australia's far-right One Nation party proposed slashing temporary migrant numbers.
  • The party aims to reduce the temporary migrant population by 750,000 over three years.
  • The plan involves cutting student and work visas to achieve the reduction.

Tech/AI 36

Companies 1

  • Japanese agricultural startup Towing is launching a full-scale business in Thailand.
  • The company will sell an enhanced soil additive to improve crop yields.
  • Towing's Soratan biochar contains microbes designed to feed more nutrients to plants.
  • The initiative targets land depleted by sugar cane farming in Thailand.

Thai Markets 10