FNFabrinet
Reports Mon Aug 17After close4:15 PM ETConfirmed

Fabrinet reports after the close at 4:15 PM ET, and as the contract manufacturer behind much of the industry's 800G optics, its commentary sets the tone for Lumentum, Coherent and AAOI. The $20.4 billion market cap leaves little room for a soft AI demand read.

    CLOSING BELL
    Asia
    • 🇭🇰 Hang Seng+1.63%
    • 🇨🇳 SSE Composite+1.22%

    Hong Kong finished 1.6% higher, buyers stepping in even as Beijing rules out a big stimulus package in favor of targeted support. Shanghai closed within striking distance of 4,000, a level it has not held this year.

    MARKET OPEN
    Europe
    • 🇬🇧 FTSE 100+0.39%
    • 🇩🇪 DAX+0.24%
    • 🇫🇷 CAC 40

    London opened above 10,790 with UK GDP growth holding at 0.4% in the second quarter, the kind of steady read that keeps the Bank of England on hold and equity risk appetite intact. Frankfurt is moving with it.

    MARKET OPEN
    Asia
    • 🇭🇰 Hang Seng+1.31%
    • 🇨🇳 SSE Composite

    Hong Kong opened 1.3% higher even after Beijing signaled it will support growth without a big new stimulus package, per Reuters. Buyers are paying up for China exposure without the policy bazooka they spent months waiting on.

    MARKET OPEN
    Nikkei 225🇯🇵 JPX
    68,714

    Tokyo opens near 68,714 with the Bank of Japan reportedly eyeing a September hike and a faster tightening pace, per Reuters. Exporters carry the risk if a US-Japan push against yen speculators lifts the currency further.

    Sponsored

    _________________________________

    What's Your Number...?

    Here's a question most people 5y from retirement can't answer: at your current savings rate, how much do you need, and how long will it actually last? A good advisor can put a date on that in a single meeting. SmartAsset's free quiz matches you with up to three fiduciary advisors serving your area, so you can get YOUR retirement number now (sponsor)

    __________________________________________

    Disclosure

    1 INVESTMENTS ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE Brokerage and Active investing products offered through SoFi Securities LLC, member FINRA( www.finra.org )/SIPC( www.sipc.org ). 2 The probability of a member receiving $3,000 is 0.028%. If you don’t make a selection in 45 days, you’ll no longer qualify for the promo. Members must fund their account with a minimum of $50.00 to qualify. The probability percentage is subject to decrease. Members are only eligible for the Stock Award promotion upon opening their first brokerage account; subsequent cash brokerage accounts are ineligible for the promo, including for members with multiple accounts. 3Other fees, such as exchange fees, may apply. Please view our fee disclosure to view a full listing of fees. 4There are limitations with fractional shares to consider before investing. During market hours fractional share orders are transmitted immediately in the order received. There may be system delays from receipt of your order until execution and market conditions may adversely impact execution prices. Outside of market hours orders are received on a not held basis and will be aggregated for each security then executed in the morning trade window of the next business day at market open. Share will be delivered at an average price received for executing the securities through a single batched order. Fractional shares may not be transferred to another firm. Fractional shares will be sold when a transfer or closure request is initiated. Please consider that selling securities is a taxable event.

    SoFi Active Invest is offering a limited-time promotion. Open an account, fund it with $50 or more, and you could receive up to $3,000 in complimentary stock for Active Invest accounts. See for yourself by clicking here now. (Sponsor)