Morning Briefing: Top stories from The Straits Times on Aug 28, 2026

https://str.sg/yQ64

Gold Holds Near $4,600 as Investors Focus on Fed Rate-Hike Path
https://finance.yahoo.com/markets/commodities/articles/gold-holds-near-4-600-233418705.html

Trump renames Lake Ontario as 'Lake America' amid Canada trade war
https://finance.yahoo.com/news/trump-signs-order-rename-lake-173109942.html

George Soros Is Betting Big on Utility Stocks as AI Power Demand Surges
https://finance.yahoo.com/markets/stocks/articles/george-soros-betting-big-utility-184735423.html

‘Clearly, people hate data centers’: Sam Altman admits Americans hate what he’s wrought as his own data centers head quits
https://finance.yahoo.com/technology/ai/articles/clearly-people-hate-data-centers-172723694.html

OpenAI, Anthropic Urge Cyber Defense Action as AI Models Improve
https://finance.yahoo.com/technology/ai/articles/openai-anthropic-urge-cyber-defense-170920858.html

Analysis-Bessent, Warsh diverge on who should set the price of money
https://finance.yahoo.com/economy/policy/articles/analysis-bessent-warsh-diverge-set-050320832.html

Welcome to the ‘upper-middle-class trap’: why $300,000 a year doesn’t feel like winning anymore
https://finance.yahoo.com/economy/articles/welcome-upper-middle-class-trap-161446773.html

CrowdStrike CEO Says the Company Had Its Best Quarter Ever. The Stock Is Rallying

Shares of CrowdStrike (CRWD) surged 20% to finish just under $228, making the stock one of the biggest winners in the S&P 500 on a strong day for tech stocks and approaching the record high set earlier this month. The company said yesterday it generated $1.47 billion in revenue, up about 26% year-over-year, along with adjusted earnings of 31 cents per share in the quarter. Both figures topped analysts' estimates. 

https://finance.yahoo.com/markets/stocks/articles/crowdstrike-ceo-says-company-had-160122398.html

Meta Just Removed a Major Risk From Its Stock. Now AI Spending Is the $145 Billion Question.
https://finance.yahoo.com/technology/ai/articles/meta-just-removed-major-risk-153100072.html

As AI agents go rogue, cyber insurers are adapting their policies
https://finance.yahoo.com/technology/ai/articles/ai-agents-rogue-cyber-insurers-100316462.html

Things to do in and around Singapore | Time Out Singapore
https://www.timeout.com/singapore/things-to-do

September risks are stacking up hard and fast for world markets
https://finance.yahoo.com/markets/articles/september-risks-stacking-hard-fast-053814980.html

Shares turn cautious ahead of Warsh's Jackson Hole debut; FX, bonds hold breath
https://finance.yahoo.com/markets/currencies/articles/shares-turn-cautious-ahead-warsh-015638766.html

China home prices seen falling slightly less this year,  property investment slump deepens
https://finance.yahoo.com/real-estate/articles/china-home-prices-seen-falling-062042122.html

China’s super-rich fled Singapore. Now they want to come back https://share.google/72TshGPir9v4tPRHT

#HKMarketUpdate
<Full-day Takeaway>HSI Closes at 25,584, Up 19 pts; HSTI Closes at 4,605, Down 15 pts; OOIL Down over 8%; LONKING, CHINAGOLDINTL, BANK OF E ASIA, TS LINES, H&H INTL HLDG Hit New Highs; Market Turnover Rises

2026/08/28 16:12 GMT+08

At close, HSI rose 19 pts or 0.1% to 25,584. HSTI dropped 15 pts or 0.3% to 4,605. HSCEI gained 0.000.0% to 8,490. Market turnover reached $231.21 billion.

https://www.aastocks.com/en/stocks/news/aafn-con/NOW.1541716/top-news/AAFN

#HKMarketUpdate
<H Shrs> WH GROUP 1H26 Pre-Biological Fair Value Adj. NP Up 6.6%; Interim DPS Maintained at HKD0.2

2026/08/28 16:35 GMT+08

On the Hong Kong stock futures settlement day, the HSI opened down 155 pts this morning (28th) before picking up. The index settled at 25,584, up 19 pts or 0.07% for the day, with total market 
turnover at HKD231.209 billion. The HSCEI closed at 8,490, up less than 1 pt. The HSTECH ended at 4,605, down 15 pts or 0.33%.

https://www.aastocks.com/en/stocks/news/aafn-con/NOW.1541746/top-news/AAFN

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#HKMarketUpdate by Reuters and Trading Economics

Singapore shares rise ahead of key Fed conference; STI up 0.3%

Singapore stocks ended higher on Friday (Aug 28), as investors awaited US Federal Reserve chairman Kevin Warsh’s speech at the Jackson Hole Economic Symposium, an annual gathering for central bankers.

The benchmark Straits Times Index (STI) gained 0.3 per cent or 15.81 points to finish at 5,699.93.

Wilmar International : F34 +1.06% led the gainers on Singapore’s blue-chip index, rising 1.1 per cent or S$0.04 to S$3.81.

The worst performer among STI constituents was Frasers Logistics & Commercial Trust : BUOU -1.59%, which fell 1.6 per cent or S$0.015 to S$0.93.

The three local banks ended higher. DBS : D05 +0.66% gained 0.7 per cent or S$0.50 to S$76.15, OCBC : O39 +0.55% rose 0.6 per cent or S$0.17 to S$31.07, and UOB : U11 +0.34% was up 0.3 per cent or S$0.14 at S$40.78.

Across the broader market, losers beat gainers 290 to 253, after 1.2 billion securities worth S$1.6 billion changed hands.

Addvalue Tech : A31 +4.97% was the most actively traded stock, with 228.7 million shares changing hands. DBS was the most actively traded stock in terms of value, with 2.5 million shares worth S$191.2 million traded.

Key regional indices were mixed. Hong Kong’s Hang Seng Index gained 0.1 per cent and Japan’s Nikkei 225 rose 0.4 per cent. Meanwhile, South Korea’s Kospi was down 1.8 per cent and the FTSE Bursa Malaysia KLCI declined 0.9 per cent...

https://www.businesstimes.com.sg/companies-markets/singapore-shares-rise-ahead-key-fed-conference-sti-0-3