Breakfast briefing: Friday, August 25 (Update)


Western Digital, which jointly runs Toshiba's main semiconductor plant, has been feuding bitterly with its Japanese partner over the $18 billion sale.

MarketWatch: US stocks dipped on Thursday as political uncertainty in Washington kept investors cautious ahead of comments on monetary policy from central bankers gathered for their annual meeting in Jackson Hole, Wyoming. The DJIA fell 28.69 points, or 0.13%, to 21,783.4, the S&P 500 lost 5.07 points, or 0.21%, to 2,438.97 and the Nasdaq dropped 7.08 points, or 0.11%, to 6,271.33. - Reuters

Energy

US crude prices fell 2% on Thursday as Hurricane Harvey, forecast to come ashore as the strongest storm to hit the US mainland in 12 years, threatened oil operations along the energy hub on the US Gulf Coast. Brent crude LCOc1 ended down 53 cents a barrel, or 1%, at US$52.04. - Reuters

Forex summary

*The ringgit gained 0.05% to 4.2773 versus the US$

*Up 0.05% to 5.0445 versus euro

*Up 0.14% to 5.4776 per pound sterling

*Up 0.05% to 3.1421 per Singapore dollar

*Up 0.02% to 3.3770 per Aussie

*Up 0.15% to 3.9004 per 100 yen

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