US-Canada trade talks collapsed Friday, and new 50% tariffs on roughly $20B of Canadian goods took effect over the weekend, with Ottawa vowing to match them dollar-for-dollar; another round looms Tuesday unless a deal is reached. US stock futures fell Monday on the news. The same weekend, Bitcoin capped its best week in about two and a half years, breaking above $75,000. Let's dig in 👇

💬 US-Canada trade talks just collapsed with a new deadline looming Tuesday: is this serious, or just more tariff theater?

📊 Quick Recap — What Moved & Why

🇺🇸 US — Trade War With Canada Escalates as New Tariffs Bite

🔑 Key Event: US-Canada trade talks broke down Friday, and new 50% tariffs on about $20B of Canadian goods, including lumber, liquor, and furniture, took effect over the weekend; Canada's PM Mark Carney called the move a "miscalculation" and vowed to match the tariffs dollar-for-dollar. A further round of tariffs looms at midnight Tuesday unless a last-minute deal is reached. US stock futures fell Monday morning on the news, with Nasdaq futures down about 0.7%, as Treasury yields also resumed climbing.

👀 Other to Watch

• US indices → closed Friday up ($S&P 500(.SPX.US) +0.4% to 7,674.37, $NASDAQ Composite Index(.IXIC.US) +0.4% to 26,180.45, $Dow Jones Industrial Average(.DJI.US) +1% to 53,277.01), before this weekend's trade news, though all three logged a down week.
• Bitcoin → broke above $75,000 Friday, its best week in ~2.5 years, on record short-liquidations (Bloomberg: $2.7B in a day); $Strategy(MSTR.US) rose about 7%, extending a ~22% weekly gain.
• $Apple(AAPL.US) → Tim Cook steps down as CEO Sept 1 after 15 years, handing the role to John Ternus, as the App Store posts its first revenue decline in 4 years.
• $NVIDIA(NVDA.US) → in early talks with Korean AI-chip startup Rebellions, from partnership to acquisition; told major customers server prices will rise over 15% for 2027 delivery.

@koolgal : Bitcoin's rally isn't just a price move, it's backed by real catalysts: the CLARITY Act gaining traction in Congress and major asset managers like BlackRock building institutional tokenisation infrastructure.

🇸🇬 Singapore — STI Snaps a 3-Day Losing Streak

🔑 Key Event: $FTSE Straits Times Index(STI.SG) rose 0.3% to 5,688.96 Friday, snapping a three-day losing streak, and was trading about 0.1% higher around 5,695 Monday morning.

@koolgal : The STI isn't a speculative tech bubble, it's dominated by cash-rich banking monopolies with fortress balance sheets and great dividends, so dips are a chance to accumulate, not flee.

👀 Other to Watch

• $CityDev(C09.SG) → Friday's top STI gainer, up 1.73% to S$8.25.
• $Sembcorp Ind(U96.SG) & $SATS(S58.SG) → Friday's biggest laggards, down 1.49% and 1.21% respectively.
• $TSH(KUH.SG) → rose about 4% after its Planet Spirits unit agreed to buy assets of whisky-bar operator The Auld Alliance for up to S$2M.
• $DBS(D05.SG) → Friday's most actively-traded stock, up 0.21% to S$76 on S$255.75M turnover, and pays its S$0.81/share capital-return dividend around Aug 25; $OCBC Bank(O39.SG) and $UOB(U11.SG) had no fresh company news this week.

🇭🇰 HK/China — Alibaba Falls 8% After Pricing Its HK$80B Placement

🔑 Key Event: $BABA-W(09988.HK) fell about 8% Monday morning after pricing an HK$80B share placement over the weekend, its first since its 2019 HK listing, with all proceeds earmarked for AI infrastructure; the deal was oversubscribed by sovereign wealth funds despite the stock's drop. $Hang Seng Index(00HSI.HK) had closed Friday up 1.21% at 26,009.46, though Alibaba's Monday selloff weighed on the index even as mainland markets fell separately, with the Shanghai Composite down 0.6%.

👀 Other to Watch

• Shein → set its Hong Kong IPO price range at HK$47.60-49.50/share, with trading set to begin Sept 1, the largest HK listing so far this year.
• $Hang Seng TECH Index(STECH.HK) → proposed expanding from 30 to 50 constituents with more AI and hardware names; a final decision is due late September, effective December.
• $INGENIC(03223.HK) → priced its H-share IPO at HK$100, below the HK$102.80 cap, about 692x oversubscribed, with listing expected this week.

🌍 Other

• 🇺🇸 The US is set to announce new economic measures against Iran and third-country entities today, with Iran's security council warning it could block Gulf oil shipments entirely if the pressure campaign continues.
• 🌍 Gold hit a 3-month high (about $4,580-4,660/oz) and oil logged a second straight weekly gain, both on a weaker dollar and elevated Iran-related risk.

📅 Key Events Tonight / This Week

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Not investment advice, just market talk 🙏