(Representative AI image)Hong Kong’s Hang Seng index surged 2.2% to 26,189.79. Markets in Tokyo, Shanghai, Thailand and New Zealand remained closed for holidays.South Korea's Kospi climbed 1.5% to 4,277.94, while Australia’s S&P/ASX 200 edged up 0.2% to 8,727.30. Taiwan’s Taiex rose 1.1%, and India’s Sensex added 0.1%.Chinese tech majors were among the top gainers.Alibaba jumped 3.2%, while Baidu rallied 7.5% after announcing plans to spin off its artificial intelligence chip unit, Kunlunxin. The unit is ex ...

Amazon's cloud unit raced to get the latest version of its artificial intelligence chip to market, renewing efforts to sell hardware capable of rivaling products from Nvidia and Google https://t.co/euGDh11jYv ...

Market Performance - U.S. equity markets are showing a mixed but generally positive performance, with major indexes holding steady as investors weigh a robust retail sales report against an anticipated Federal Reserve policy meeting [1][3] - The Dow Jones Industrial Average (DJI) gained 0.10% to reach 45,881.91, the Nasdaq Composite (IXIC) increased by 0.80% to 22,318.03, and the S&P 500 (SP500) rose 0.43% to 6,612.52 [2] Corporate Developments - CoreWeave (CRWV) shares surged by 7.6% after Nvidia (NVDA) placed an order valued at "at least" $6.3 billion for its cloud technology, indicating strong demand in the AI sector [4] - Dave & Buster's Entertainment (PLAY) saw a sharp decline of 18.8% in pre-market trading after reporting earnings that fell short of expectations, with a 3% drop in same-store sales [5] - Seagate Technologies (STX) rallied 7.7% following an upgraded price target from Bank of America, reflecting renewed analyst confidence [6] - Live Nation Entertainment (LYV) dipped amid reports of an FTC investigation into bots on its platforms, introducing regulatory uncertainties [7] - Alaska Air Group (ALK) stock fell 6.7% as the airline projected profits at the lower end of estimates due to rising fuel costs and a technology outage [7] Upcoming Events - The Federal Open Market Committee (FOMC) meeting is set to begin, with widespread expectations of an interest rate cut [9][10] - Key economic data releases include the August New Residential Construction report and Initial Unemployment Insurance Claims report, which will provide insights into the housing market and labor market trends [11] - FedEx Corp. (FDX) is scheduled to report its quarterly earnings, which could serve as a bellwether for global trade and logistics [12]