Good morning. We’ve arrived at the final trading day of what’s been a historic August run on stocks. And the rally shows no signs of fading as Asian stocks, led by a bullish investment from Warren Buffett, push global equities into the green.
Let’s see where investors are putting their money.
- The major Asia indexes are mixed in afternoon trading, with Japan’s Nikkei leading the way, up 1.3%.
- Japanese investors are cheering Warren Buffett this morning. His Berkshire Hathaway announced over the weekend it’s acquired stakes in five major Japanese trading companies, including Mitsubishi and Sumitomo Corp, worth $6 billion.
- TikTok owner ByteDance says it will now abide by China’s updated technology export restrictions guidelines, making any potential sale of the viral video platform a bit more complicated transaction for an American suitor.
- The European bourses opened in positive territory with Germany’s