{"id":71485,"date":"2026-09-07T04:38:16","date_gmt":"2026-09-07T08:38:16","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/huawei-debuts-tri-fold-smartphone-as-yen-hits-multi-month-high\/71485\/"},"modified":"2026-09-07T04:38:16","modified_gmt":"2026-09-07T08:38:16","slug":"huawei-debuts-tri-fold-smartphone-as-yen-hits-multi-month-high","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/huawei-debuts-tri-fold-smartphone-as-yen-hits-multi-month-high\/71485\/","title":{"rendered":"Huawei Debuts Tri-Fold Smartphone as Yen Hits Multi-Month High"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_86 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/huawei-debuts-tri-fold-smartphone-as-yen-hits-multi-month-high\/71485\/#Key_Takeaways\" >Key Takeaways<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/huawei-debuts-tri-fold-smartphone-as-yen-hits-multi-month-high\/71485\/#Huawei_Showcases_%22US-Free%22_Tech_with_Tri-Fold_Launch\" >Huawei Showcases &quot;US-Free&quot; Tech with Tri-Fold Launch<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/huawei-debuts-tri-fold-smartphone-as-yen-hits-multi-month-high\/71485\/#Yen_Rallies_Despite_Record_Reserve_Depletion\" >Yen Rallies Despite Record Reserve Depletion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/huawei-debuts-tri-fold-smartphone-as-yen-hits-multi-month-high\/71485\/#UBS_Shifts_to_Hawkish_Fed_Forecast\" >UBS Shifts to Hawkish Fed Forecast<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/huawei-debuts-tri-fold-smartphone-as-yen-hits-multi-month-high\/71485\/#Diplomatic_Push_to_Reopen_Strait_of_Hormuz\" >Diplomatic Push to Reopen Strait of Hormuz<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/huawei-debuts-tri-fold-smartphone-as-yen-hits-multi-month-high\/71485\/#China_Targets_Japanese_Chip_Chemicals\" >China Targets Japanese Chip Chemicals<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/huawei-debuts-tri-fold-smartphone-as-yen-hits-multi-month-high\/71485\/#Google_and_Cathay_Tackle_Aviation_Emissions\" >Google and Cathay Tackle Aviation Emissions<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Key_Takeaways\"><\/span>Key Takeaways<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Huawei<\/strong> launched the <strong>Mate XT 2<\/strong>, the world\u2019s first triple-folding smartphone featuring a <strong>&quot;US-free&quot; Kirin 9050 Pro chip<\/strong>, signaling a major breakthrough in Chinese semiconductor self-sufficiency.<\/li>\n<li>The <strong>Japanese Yen<\/strong> surged to its highest level since May, trading near <strong>155.30 per dollar<\/strong>, even as Japan reported a record <strong>$79.6 billion drop<\/strong> in foreign reserves following massive currency interventions.<\/li>\n<li><strong>UBS Global Wealth Management<\/strong> pivoted its Fed outlook, now forecasting <strong>25 basis point rate hikes<\/strong> in both September and December 2026, citing robust US labor data and hawkish central bank rhetoric.<\/li>\n<li><strong>Iran and Oman<\/strong> are nearing a final agreement on a <strong>temporary shipping route<\/strong> through the <strong>Strait of Hormuz<\/strong> to de-escalate maritime tensions that have seen vessel traffic drop to its lowest level since May.<\/li>\n<li><strong>China<\/strong> will impose anti-dumping security deposits of up to <strong>99.2%<\/strong> on Japanese <strong>dichlorosilane<\/strong> imports starting September 8, targeting a critical chemical used in semiconductor manufacturing.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Huawei_Showcases_%22US-Free%22_Tech_with_Tri-Fold_Launch\"><\/span>Huawei Showcases &quot;US-Free&quot; Tech with Tri-Fold Launch<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Huawei Technologies officially unveiled the <strong>Mate XT 2<\/strong>, a triple-folding smartphone that expands into a 10.2-inch tablet-sized display. The device is powered by the <strong>Kirin 9050 Pro<\/strong> processor, which utilizes a new <strong>LogicFolding architecture<\/strong> to deliver a <strong>42% performance increase<\/strong> over previous generations. This launch is seen as a direct challenge to Apple (<a href=\"\/stock\/AAPL\">AAPL<\/a>) and a demonstration of Huawei&#39;s ability to innovate despite ongoing US trade restrictions on high-end chipmaking tools.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Yen_Rallies_Despite_Record_Reserve_Depletion\"><\/span>Yen Rallies Despite Record Reserve Depletion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The <strong>Japanese Yen (JPY)<\/strong> strengthened by <strong>0.6%<\/strong> to hit a four-month high against the US Dollar, momentarily breaking below the <strong>155.50<\/strong> level. This rally comes as Japan&#39;s Ministry of Finance revealed that foreign exchange reserves fell by a record <strong>$79.6 billion<\/strong> in August to <strong>$1.21 trillion<\/strong>. The decline was driven by a historic <strong>15.4 trillion yen ($98.66 billion)<\/strong> intervention effort conducted between late July and August to support the currency.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"UBS_Shifts_to_Hawkish_Fed_Forecast\"><\/span>UBS Shifts to Hawkish Fed Forecast<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>UBS Global Wealth Management<\/strong> updated its Federal Reserve policy forecast, now expecting two interest rate hikes before the end of the year. The bank anticipates <strong>25 bps increases<\/strong> in September and December, a sharp reversal from its previous &quot;no change&quot; stance. Analysts cited <strong>Fed Chair Kevin Warsh&#39;s<\/strong> hawkish Jackson Hole speech and an August non-farm payrolls report that showed employment growth rebounding to <strong>50,000<\/strong>, exceeding market expectations.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Diplomatic_Push_to_Reopen_Strait_of_Hormuz\"><\/span>Diplomatic Push to Reopen Strait of Hormuz<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Iran\u2019s Foreign Ministry announced that negotiations with <strong>Oman<\/strong> regarding a temporary corridor in the <strong>Strait of Hormuz<\/strong> have reached their final stages. The proposed route aims to restore safe passage for commercial vessels after months of &quot;overt aggression&quot; and maritime mining that crippled regional trade. While a Qatari delegation visited Tehran on Sunday to assist in de-escalation, Iranian officials warned they would reciprocate if the <strong>UN nuclear watchdog<\/strong> passes a resolution against them.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"China_Targets_Japanese_Chip_Chemicals\"><\/span>China Targets Japanese Chip Chemicals<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In a move that could further strain regional trade, China&#39;s Commerce Ministry announced preliminary anti-dumping measures on <strong>dichlorosilane<\/strong> imports from Japan. Starting September 8, importers must provide cash deposits, with rates set at <strong>99.2%<\/strong> for major suppliers like Shin-Etsu Chemical (<a href=\"\/stock\/4063\">4063<\/a>). This chemical is vital for the deposition of silicon-containing films in semiconductor fabrication, and the move is viewed as a retaliatory step in the ongoing global &quot;chip war.&quot;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Google_and_Cathay_Tackle_Aviation_Emissions\"><\/span>Google and Cathay Tackle Aviation Emissions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Google (<a href=\"\/stock\/GOOGL\">GOOGL<\/a>) and Cathay Pacific (<a href=\"\/stock\/0293\">0293<\/a>) announced an expansion of their AI-powered partnership to mitigate <strong>contrails<\/strong>, which account for roughly <strong>one-third of aviation&#39;s climate impact<\/strong>. Early trials on ultra-long-haul routes in the Asia-Pacific region have reportedly reduced the warming impact of contrails by an estimated <strong>40%<\/strong>. The system uses AI to predict atmospheric zones where contrails are likely to form, allowing pilots to make small altitude adjustments to avoid them.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Huawei launched the Mate XT 2, the world\u2019s first triple-folding smartphone featuring a &quot;US-free&quot; Kirin 9050 Pro chip, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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