CoinTelegraph reports — On the morning of August 6 in Asian trading, spot gold traded around $4,250 per ounce. Gold rose over 4% on Wednesday, reaching a two-month high of $4,267.55 per ounce, supported by declining U.S. Treasury yields and optimistic sentiment regarding progress toward reopening the Strait of Hormuz, with reduced expectations of Fed rate hikes boosting gold prices.
CoinMarketCap APP report — In early Asian trading on Thursday (Beijing Time, August 6), spot gold traded around $4,250per ounce. Gold rose over 4% on Wednesday, reaching its highest level in nearly two months at $4,267.55 per ounce, supported by declining U.S. Treasury yields and optimistic sentiment regarding progress toward reopening the Strait of Hormuz; reduced expectations of Fed rate hikes also boosted gold prices. Crude oil traded around $75 per barrel; although reports indicate that Iran and Saudi Arabia have finalized a draft agreement on the Strait of Hormuz, pending approval by Iran’s Supreme Leader, markets remain cautiously optimistic.
U.S. stocks ended mixed on Wednesday: the Dow Jones Industrial Average rose 0.49% to 54,349.06, closing at a record high, supported by progress toward peace in the Middle East and strong earnings from components such as Amgen and Disney; however, the S&P 500 edged down 0.17% to 7,723.52, while the Nasdaq fell 0.83% to 26,363.44, ending a five-day winning streak after steep declines following earnings reports from SpaceX and AMD.
Markets are cautiously optimistic about the proposed Iran-Oman agreement on Strait of Hormuz management, which, if realized, could ease oil price and inflation pressures and reduce expectations of Fed rate hikes, but investors remain on hold until substantive progress is made.
On the stock front, SpaceX's first earnings report since its IPO showed revenue nearly doubling and losses narrowing, but market concerns over the sustainability of AI-related capital spending led to a 13.6% stock plunge, as the IPO lock-up period is about to expire; AMD provided an optimistic revenue forecast, but investors demanded stronger evidence of growth, causing its shares to fall 7%; Amgen and Eli Lilly rose 4.6% and 4.9% respectively due to upgraded earnings or expectations, driving the healthcare sector to lead gains, while Disney's 3.6% increase also supported the Dow Jones.
On the economic data front, the ADP report showed that private job growth in July slowed to 44,000, while the ISM non-manufacturing PMI edged up slightly to 54.1 but remained below expectations; overall labor market conditions remain stable. Meanwhile, the ongoing conflict between the U.S. and Iran has kept inflation and monetary policy in focus. Fed Governor Cook hinted that she would support rate hikes if inflation remains too high, and Minneapolis Fed President Kashkari suggested that gradual rate increases should begin. Market expectations for a September rate hike have now fallen to 54.9%.
Gold prices rose to their highest level in nearly seven weeks on Wednesday, posting their largest single-day gain since February. Spot gold closed up 4.16% at $4,246.79 per ounce, reaching an intraday high of $4,267.55—the highest since June 18—and breaking above the 50-day moving average, primarily driven by declining U.S. Treasury yields and optimistic sentiment regarding progress toward reopening the Strait of Hormuz.
Independent precious metals trader Tai Wong noted that as the likelihood of rate hikes has decreased since last week, early investors have returned to the market, supported by a significant weakening of the dollar and a "pause" in the situation in Iran; however, gold prices have still fallen approximately 24% from their record high of $5,595 set in January and 19% since the outbreak of the war in Iran.
Data from the World Gold Council shows that central bank gold purchases in the first half of 2026 reached the lowest level since 2022, with gold ETFs experiencing net outflows of 45 tons in the second quarter, during which gold prices fell 14%, marking the largest quarterly decline since 2013. J.P. Morgan’s report states that as central bank buying slows, retail interest shifts, and physical demand in Asia weakens, interest-rate-sensitive ETF flows have once again become the dominant force shaping marginal price movements. Analyst Wong believes that for precious metals to gain genuine further momentum, the market must price in interest rate cuts—but this is not expected to occur until as early as 2027.
In other precious metals, spot silver rose 4.24% to $62.75 per ounce, platinum edged down 0.2% to $1,740.04, and palladium gained 1.5% to $1,373.24, with both the latter reaching their highest levels since June on the back of news regarding peace talks in Iran.
Oil prices were mixed on Wednesday; Brent crude edged up 0.9% to close at $79.40 per barrel, while US crude fell 0.08% to $75.08 per barrel, as investors navigated a complex mix of bullish and bearish factors while assessing the prospects for resumed shipping in the Strait of Hormuz.
U.S. President Trump said the U.S. and Iran had conducted "a very good full-day negotiation" and threatened "forceful" strikes if no agreement is reached, but the Iranian Foreign Ministry denied that any peace talks are underway, stating only that it has reached an understanding with Oman on managing the Strait of Hormuz and is finalizing a joint statement—this uncertainty has left markets cautiously optimistic.
Phil Flynn, an analyst at Price Futures Group, noted that the protocol appears fragile and that similar protocols in the past have not been sustainable. Meanwhile, supply-side pressure stems from data from the U.S. Energy Information Administration showing that crude oil inventories rose by 2.5 million barrels last week to 407 million barrels, far exceeding analysts’ expectations of a 1.5-million-barrel decline; the larger-than-expected increase in Cushing inventories further pressured U.S. oil prices.
However, geopolitical risks in the Red Sea have limited downside moves, as the Houthi militia, allied with Iran, claimed an attack on a Saudi oil tanker near the port of Yanbu in Saudi Arabia. Additionally, supply disruptions caused by the Russia-Ukraine war have affected the Caspian Pipeline Consortium, leading to multiple suspensions of loading operations this week due to safety concerns and a shortage of tankers—this has collectively shaped the current mixed price movement in oil.
The US Dollar Index held steady at 99.70 on Wednesday, supported by optimism that the Iran conflict is nearing its end, which eased safe-haven demand. Traders reduced their bets on a Fed rate hike in September (probability fell to just below 60%, down from nearly 70% at the start of the week), despite Kansas City Fed President Schmid stating that tighter monetary policy is needed to bring down inflation.
The Japanese yen stabilized, with the USD/JPY closing near 157.69 on Wednesday, after the United States and Japan jointly intervened in the forex market for the first time since 1998 to buy yen, pushing USD/JPY down to a three-month low; U.S. Treasury Secretary Bentsen stated that the U.S. would support Japan’s efforts to stabilize the yen “at all costs,” fueling market expectations of a September rate hike by the Bank of Japan, though analysts remain skeptical about the long-term effectiveness of the intervention.
Marc Chandler, Chief Market Strategist at Bannockburn Capital Markets, noted that markets will test the resolve of central banks, and Friday’s U.S. jobs report could provide fundamental justification.
The probability of the Federal Reserve raising rates by 25 basis points in September is 54.4%, and the probability of at least one rate hike this year is 80.1%
According to CME's "FedWatch": The probability that the Fed will hold rates steady by September is 45.6%, and the probability of a cumulative 25-basis-point hike is 54.4%. The probability that the Fed will hold rates steady by October is 33.5%, the probability of a cumulative 25-basis-point hike is 52.1%, and the probability of a cumulative 50-basis-point hike is 14.5%. The probability that the Fed will hold rates steady by December is 19.9%, the probability of a cumulative 25-basis-point hike is 44.5%, and the probability of at least a 50-basis-point hike is 35.6%.
Iran finalizes draft agreement on the Strait of Hormuz, pending approval by the Supreme Leader
Two Middle Eastern officials said that negotiators from Iran and Oman have finalized a draft agreement to reopen the Strait of Hormuz, pending final approval by Iran’s Supreme Leader, Mojtaba. The proposed interim arrangement stipulates that vessels entering the Persian Gulf will use Iranian-controlled shipping lanes, while vessels exiting the Gulf will use Omani-controlled lanes, with service fees charged for security and environmental protection. The officials said the agreement could pave the way for renewed negotiations between the U.S. and Iran regarding Iran’s nuclear program.
Gulf officials say the probability of a U.S.-Iran agreement on Friday is 50-50
According to senior Gulf officials speaking to the media, the probability of a temporary agreement between the United States and Iran being reached this Friday is roughly fifty-fifty—a more cautious assessment than the previously optimistic signals from U.S. officials. The source noted that Iran’s delegation does not include representatives from the hardline Islamic Revolutionary Guard Corps, which must approve any details of a temporary deal, adding political uncertainty to the final outcome. While the U.S. claims to be having very constructive discussions with Iran, it has also issued stern threats that Iran will face severe consequences if it walks away from the agreement again, highlighting a carrot-and-stick approach that underscores the fragility of the negotiations. Iran’s official stance, however, continues to deny any direct communication with Washington, emphasizing that its talks are limited to Oman and focus solely on technical solutions regarding shipping in the Strait of Hormuz. Some diplomatic observers believe that lifting the blockade of the strait, as a key negotiating筹码, could open space for broader U.S.-Iran dialogue if breakthroughs are achieved—but current public disagreements over communication channels leave the prospects highly uncertain.
Iran says it is close to reaching an agreement with Oman; two existing strait routes will be closed
On the 5th, Iranian Deputy Foreign Minister Gharibabadi stated that an agreement between Iran and Oman regarding the passage of commercial vessels through the Strait of Hormuz is nearing finalization, at which point both the northern route under Iran’s control and the southern route near Oman will be closed. According to the Islamic Republic News Agency on the 5th, Gharibabadi said in an interview that a new passage model, different from the one established over the past 60 years, will be implemented in the Strait of Hormuz. Both the southern route through Oman’s territorial waters and the northern route within Iran’s territorial waters will be closed. Under the newly designated route, commercial vessels will transit part of their journey through Iranian territorial waters when entering and exiting the Strait of Hormuz. However, the new route is also temporary and is expected to be operational for two to four months. Gharibabadi denied reports of ongoing negotiations between Iran and the United States, but noted that Iran has received messages from the U.S., which indicated its readiness to resume commitments under a previously signed memorandum of understanding. (Xinhua)
Some U.S. AI models were found to consistently engage in harmful behavior during testing
A new report from the UK’s AI Safety Institute reveals that during cybersecurity evaluation tests conducted by the institute, certain AI agents engaged in unauthorized and potentially harmful actions against real individuals and institutions over the internet. The report states that the evaluation required agents to complete a cybersecurity challenge. Across 122 test rounds using seven models, 19 actions clearly exceeding the test scope were identified in 10 rounds. Of these, 17 were carried out by Anthropic’s “Claude-Mythos 5” model from the United States, and 2 were performed by OpenAI’s GPT-5.6 Sol model from the United States. (Xinhua)
Federal Reserve's Kashkari: It's time to begin gradually raising rates
On Wednesday, Neel Kashkari, president of the Minneapolis Fed and a 2026 FOMC voter, said in an interview that the Fed should now “begin gradually raising” interest rates to reduce inflation and avoid the need for more aggressive hikes in the future. Kashkari was one of three voters who supported a 25-basis-point rate hike at last week’s FOMC meeting. He stated that strong corporate earnings, along with resilience in consumer and labor markets, provide no evidence that monetary policy is clearly restrictive, making it time to begin gradual rate increases. He emphasized that this is not a call for large hikes, but rather a preference for “small steps” to avoid being forced into aggressive tightening later if inflation becomes entrenched. He added that he is uncertain what action the FOMC will take in September, and future data will be critical. Meanwhile, Kashkari said Fed Chair Powell has not pressured him, telling him: “Do what you think is right for the economy.”
White House AI review excludes U.S. open-weight models
On the 4th, the U.S. White House disclosed to the country’s leading artificial intelligence (AI) companies a framework designed to test the capabilities of advanced models, excluding U.S. open-weight models from review. Several informed sources revealed this information to U.S. media on the same day. Open-weight models, considered broadly as open-source models, refer to AI models that publicly release weight files—i.e., the model parameters after training—and permit downloading, local deployment, and fine-tuning, though they are not required to disclose training data, full code, or training procedures. The sources said that only closed, proprietary U.S. models demonstrating “state-of-the-art” cybersecurity and attack capabilities in performance benchmark tests must be voluntarily submitted by their developers to the government for testing prior to release. (Xinhua News Agency)
Dalian Commodity Exchange: Coke options will begin trading on Wednesday, September 2, 2026
The auction period is from 8:55 to 9:00, with trading opening at 9:00. On the evening of September 2 (Wednesday), coke options will conduct night session trading. The position limit for coke options is 5,000 contracts. Coke options are subject to separate position limits from coke futures. For non-futures company members and clients, the combined long positions in all call options and short positions in all put options for a given month, as well as the combined long positions in all put options and short positions in all call options for that month, must not exceed the position limit for the options product. Positions under actual control are aggregated.
Unitree Robotics initiates preliminary inquiry for its STAR Market IPO, with market estimates suggesting a potential IPO valuation exceeding RMB 40 billion.
According to the previous announcement, August 5 is the initial book-building date for Unitree Technologies' STAR Market IPO. After book-building, subscription will open on August 10, with both online and offline subscription dates falling on August 10, and the payment deadline set for August 12. The initial book-building period on August 5 runs from 9:30 to 15:00, during which the sponsor (lead underwriter) verifies qualified offline investors and strategic investors pay their subscription funds. On August 6, the offering price will be determined, along with the list of qualified bidders and their eligible subscription quantities; strategic investors will also confirm their final allocation numbers and proportions. Unitree Technologies aims to raise RMB 4.202 billion through this IPO, offering 40.4464 million new shares, representing 10% of the post-offering total share capital of 404 million shares. The market estimates Unitree Technologies' IPO valuation will exceed RMB 40 billion. Based on the STAR Market's subscription unit of 500 shares and the estimated valuation, the IPO price is projected at approximately RMB 104 per share, meaning one subscription lot would require a payment of about RMB 52,000. However, the final IPO pricing will be determined by market participants during the book-building process. (CCTV Finance)
Focus on the day's key events
Stock market
U.S. stocks ended mixed on Wednesday: the Dow Jones Industrial Average rose 0.49% to 54,349.06, closing at a record high, supported by progress toward peace in the Middle East and strong earnings from components such as Amgen and Disney; however, the S&P 500 edged down 0.17% to 7,723.52, while the Nasdaq fell 0.83% to 26,363.44, ending a five-day winning streak after steep declines following earnings reports from SpaceX and AMD.
Markets are cautiously optimistic about the proposed Iran-Oman agreement on Strait of Hormuz management, which, if realized, could ease oil price and inflation pressures and reduce expectations of Fed rate hikes, but investors remain on hold until substantive progress is made.
On the stock front, SpaceX's first earnings report since its IPO showed revenue nearly doubling and losses narrowing, but market concerns over the sustainability of AI-related capital spending led to a 13.6% stock plunge, as the IPO lock-up period is about to expire; AMD provided an optimistic revenue forecast, but investors demanded stronger evidence of growth, causing its shares to fall 7%; Amgen and Eli Lilly rose 4.6% and 4.9% respectively due to upgraded earnings or expectations, driving the healthcare sector to lead gains, while Disney's 3.6% increase also supported the Dow Jones.
On the economic data front, the ADP report showed that private job growth in July slowed to 44,000, while the ISM non-manufacturing PMI edged up slightly to 54.1 but remained below expectations; overall labor market conditions remain stable. Meanwhile, the ongoing conflict between the U.S. and Iran has kept inflation and monetary policy in focus. Fed Governor Cook hinted that she would support rate hikes if inflation remains too high, and Minneapolis Fed President Kashkari suggested that gradual rate increases should begin. Market expectations for a September rate hike have now fallen to 54.9%.
Gold Market
Gold prices rose to their highest level in nearly seven weeks on Wednesday, posting their largest single-day gain since February. Spot gold closed up 4.16% at $4,246.79 per ounce, reaching an intraday high of $4,267.55—the highest since June 18—and breaking above the 50-day moving average, primarily driven by declining U.S. Treasury yields and optimistic sentiment regarding progress toward reopening the Strait of Hormuz.
Independent precious metals trader Tai Wong noted that as the likelihood of rate hikes has decreased since last week, early investors have returned to the market, supported by a significant weakening of the dollar and a "pause" in the situation in Iran; however, gold prices have still fallen approximately 24% from their record high of $5,595 set in January and 19% since the outbreak of the war in Iran.
Data from the World Gold Council shows that central bank gold purchases in the first half of 2026 reached the lowest level since 2022, with gold ETFs experiencing net outflows of 45 tons in the second quarter, during which gold prices fell 14%, marking the largest quarterly decline since 2013. J.P. Morgan’s report states that as central bank buying slows, retail interest shifts, and physical demand in Asia weakens, interest-rate-sensitive ETF flows have once again become the dominant force shaping marginal price movements. Analyst Wong believes that for precious metals to gain genuine further momentum, the market must price in interest rate cuts—but this is not expected to occur until as early as 2027.
In other precious metals, spot silver rose 4.24% to $62.75 per ounce, platinum edged down 0.2% to $1,740.04, and palladium gained 1.5% to $1,373.24, with both the latter reaching their highest levels since June on the back of news regarding peace talks in Iran.
Oil market
Oil prices were mixed on Wednesday; Brent crude edged up 0.9% to close at $79.40 per barrel, while US crude fell 0.08% to $75.08 per barrel, as investors navigated a complex mix of bullish and bearish factors while assessing the prospects for resumed shipping in the Strait of Hormuz.
U.S. President Trump said the U.S. and Iran had conducted "a very good full-day negotiation" and threatened "forceful" strikes if no agreement is reached, but the Iranian Foreign Ministry denied that any peace talks are underway, stating only that it has reached an understanding with Oman on managing the Strait of Hormuz and is finalizing a joint statement—this uncertainty has left markets cautiously optimistic.
Phil Flynn, an analyst at Price Futures Group, noted that the protocol appears fragile and that similar protocols in the past have not been sustainable. Meanwhile, supply-side pressure stems from data from the U.S. Energy Information Administration showing that crude oil inventories rose by 2.5 million barrels last week to 407 million barrels, far exceeding analysts’ expectations of a 1.5-million-barrel decline; the larger-than-expected increase in Cushing inventories further pressured U.S. oil prices.
However, geopolitical risks in the Red Sea have limited downside moves, as the Houthi militia, allied with Iran, claimed an attack on a Saudi oil tanker near the port of Yanbu in Saudi Arabia. Additionally, supply disruptions caused by the Russia-Ukraine war have affected the Caspian Pipeline Consortium, leading to multiple suspensions of loading operations this week due to safety concerns and a shortage of tankers—this has collectively shaped the current mixed price movement in oil.
Forex
The US Dollar Index held steady at 99.70 on Wednesday, supported by optimism that the Iran conflict is nearing its end, which eased safe-haven demand. Traders reduced their bets on a Fed rate hike in September (probability fell to just below 60%, down from nearly 70% at the start of the week), despite Kansas City Fed President Schmid stating that tighter monetary policy is needed to bring down inflation.
The Japanese yen stabilized, with the USD/JPY closing near 157.69 on Wednesday, after the United States and Japan jointly intervened in the forex market for the first time since 1998 to buy yen, pushing USD/JPY down to a three-month low; U.S. Treasury Secretary Bentsen stated that the U.S. would support Japan’s efforts to stabilize the yen “at all costs,” fueling market expectations of a September rate hike by the Bank of Japan, though analysts remain skeptical about the long-term effectiveness of the intervention.
Marc Chandler, Chief Market Strategist at Bannockburn Capital Markets, noted that markets will test the resolve of central banks, and Friday’s U.S. jobs report could provide fundamental justification.
International News
The probability of the Federal Reserve raising rates by 25 basis points in September is 54.4%, and the probability of at least one rate hike this year is 80.1%
According to CME's "FedWatch": The probability that the Fed will hold rates steady by September is 45.6%, and the probability of a cumulative 25-basis-point hike is 54.4%. The probability that the Fed will hold rates steady by October is 33.5%, the probability of a cumulative 25-basis-point hike is 52.1%, and the probability of a cumulative 50-basis-point hike is 14.5%. The probability that the Fed will hold rates steady by December is 19.9%, the probability of a cumulative 25-basis-point hike is 44.5%, and the probability of at least a 50-basis-point hike is 35.6%.
Iran finalizes draft agreement on the Strait of Hormuz, pending approval by the Supreme Leader
Two Middle Eastern officials said that negotiators from Iran and Oman have finalized a draft agreement to reopen the Strait of Hormuz, pending final approval by Iran’s Supreme Leader, Mojtaba. The proposed interim arrangement stipulates that vessels entering the Persian Gulf will use Iranian-controlled shipping lanes, while vessels exiting the Gulf will use Omani-controlled lanes, with service fees charged for security and environmental protection. The officials said the agreement could pave the way for renewed negotiations between the U.S. and Iran regarding Iran’s nuclear program.
Gulf officials say the probability of a U.S.-Iran agreement on Friday is 50-50
According to senior Gulf officials speaking to the media, the probability of a temporary agreement between the United States and Iran being reached this Friday is roughly fifty-fifty—a more cautious assessment than the previously optimistic signals from U.S. officials. The source noted that Iran’s delegation does not include representatives from the hardline Islamic Revolutionary Guard Corps, which must approve any details of a temporary deal, adding political uncertainty to the final outcome. While the U.S. claims to be having very constructive discussions with Iran, it has also issued stern threats that Iran will face severe consequences if it walks away from the agreement again, highlighting a carrot-and-stick approach that underscores the fragility of the negotiations. Iran’s official stance, however, continues to deny any direct communication with Washington, emphasizing that its talks are limited to Oman and focus solely on technical solutions regarding shipping in the Strait of Hormuz. Some diplomatic observers believe that lifting the blockade of the strait, as a key negotiating筹码, could open space for broader U.S.-Iran dialogue if breakthroughs are achieved—but current public disagreements over communication channels leave the prospects highly uncertain.
Iran says it is close to reaching an agreement with Oman; two existing strait routes will be closed
On the 5th, Iranian Deputy Foreign Minister Gharibabadi stated that an agreement between Iran and Oman regarding the passage of commercial vessels through the Strait of Hormuz is nearing finalization, at which point both the northern route under Iran’s control and the southern route near Oman will be closed. According to the Islamic Republic News Agency on the 5th, Gharibabadi said in an interview that a new passage model, different from the one established over the past 60 years, will be implemented in the Strait of Hormuz. Both the southern route through Oman’s territorial waters and the northern route within Iran’s territorial waters will be closed. Under the newly designated route, commercial vessels will transit part of their journey through Iranian territorial waters when entering and exiting the Strait of Hormuz. However, the new route is also temporary and is expected to be operational for two to four months. Gharibabadi denied reports of ongoing negotiations between Iran and the United States, but noted that Iran has received messages from the U.S., which indicated its readiness to resume commitments under a previously signed memorandum of understanding. (Xinhua)
Some U.S. AI models were found to consistently engage in harmful behavior during testing
A new report from the UK’s AI Safety Institute reveals that during cybersecurity evaluation tests conducted by the institute, certain AI agents engaged in unauthorized and potentially harmful actions against real individuals and institutions over the internet. The report states that the evaluation required agents to complete a cybersecurity challenge. Across 122 test rounds using seven models, 19 actions clearly exceeding the test scope were identified in 10 rounds. Of these, 17 were carried out by Anthropic’s “Claude-Mythos 5” model from the United States, and 2 were performed by OpenAI’s GPT-5.6 Sol model from the United States. (Xinhua)
Federal Reserve's Kashkari: It's time to begin gradually raising rates
On Wednesday, Neel Kashkari, president of the Minneapolis Fed and a 2026 FOMC voter, said in an interview that the Fed should now “begin gradually raising” interest rates to reduce inflation and avoid the need for more aggressive hikes in the future. Kashkari was one of three voters who supported a 25-basis-point rate hike at last week’s FOMC meeting. He stated that strong corporate earnings, along with resilience in consumer and labor markets, provide no evidence that monetary policy is clearly restrictive, making it time to begin gradual rate increases. He emphasized that this is not a call for large hikes, but rather a preference for “small steps” to avoid being forced into aggressive tightening later if inflation becomes entrenched. He added that he is uncertain what action the FOMC will take in September, and future data will be critical. Meanwhile, Kashkari said Fed Chair Powell has not pressured him, telling him: “Do what you think is right for the economy.”
White House AI review excludes U.S. open-weight models
On the 4th, the U.S. White House disclosed to the country’s leading artificial intelligence (AI) companies a framework designed to test the capabilities of advanced models, excluding U.S. open-weight models from review. Several informed sources revealed this information to U.S. media on the same day. Open-weight models, considered broadly as open-source models, refer to AI models that publicly release weight files—i.e., the model parameters after training—and permit downloading, local deployment, and fine-tuning, though they are not required to disclose training data, full code, or training procedures. The sources said that only closed, proprietary U.S. models demonstrating “state-of-the-art” cybersecurity and attack capabilities in performance benchmark tests must be voluntarily submitted by their developers to the government for testing prior to release. (Xinhua News Agency)
Domestic News
Dalian Commodity Exchange: Coke options will begin trading on Wednesday, September 2, 2026
The auction period is from 8:55 to 9:00, with trading opening at 9:00. On the evening of September 2 (Wednesday), coke options will conduct night session trading. The position limit for coke options is 5,000 contracts. Coke options are subject to separate position limits from coke futures. For non-futures company members and clients, the combined long positions in all call options and short positions in all put options for a given month, as well as the combined long positions in all put options and short positions in all call options for that month, must not exceed the position limit for the options product. Positions under actual control are aggregated.
Unitree Robotics initiates preliminary inquiry for its STAR Market IPO, with market estimates suggesting a potential IPO valuation exceeding RMB 40 billion.
According to the previous announcement, August 5 is the initial book-building date for Unitree Technologies' STAR Market IPO. After book-building, subscription will open on August 10, with both online and offline subscription dates falling on August 10, and the payment deadline set for August 12. The initial book-building period on August 5 runs from 9:30 to 15:00, during which the sponsor (lead underwriter) verifies qualified offline investors and strategic investors pay their subscription funds. On August 6, the offering price will be determined, along with the list of qualified bidders and their eligible subscription quantities; strategic investors will also confirm their final allocation numbers and proportions. Unitree Technologies aims to raise RMB 4.202 billion through this IPO, offering 40.4464 million new shares, representing 10% of the post-offering total share capital of 404 million shares. The market estimates Unitree Technologies' IPO valuation will exceed RMB 40 billion. Based on the STAR Market's subscription unit of 500 shares and the estimated valuation, the IPO price is projected at approximately RMB 104 per share, meaning one subscription lot would require a payment of about RMB 52,000. However, the final IPO pricing will be determined by market participants during the book-building process. (CCTV Finance)