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On April 10, Sunac China Holdings Limited (01918.HK) announced that its wholly-owned subsidiary, Sunac Real Estate Group Limited, and its executive director, Mr. Wang Mengde, received formal written notices from the Tianjin Regulatory Bureau of the China Securities Regulatory Commission (CSRC) and the Shenzhen Stock Exchange. These notices stated that Sunac Real Estate failed to disclose overdue debts and asset seizure information in a timely manner from the end of 2021 to mid-2025, in accordance with the "Administrative Measures for the Issuance and Trading of Corporate Bonds," the "Administrative Measures for the Disclosure of Information on Corporate Credit Bonds," and the Shenzhen Stock Exchanges rules for listing corporate bonds. The Tianjin Securities Regulatory Bureau issued a warning letter to Sunac Real Estate and its then-chairman and general manager, Mr. Wang, and the Shenzhen Stock Exchange imposed disciplinary sanctions on Sunac Real Estate and Mr. Wang, including a public reprimand.On April 10th, during the Vienna International Energy and Climate Forum, a global cooperation initiative focusing on capacity building for energy transition was officially launched. This initiative calls for the establishment of cooperative mechanisms and enhanced knowledge sharing to provide systemic support for the global energy transition. The initiative includes six key measures: strengthening global capacity-building cooperation mechanisms; jointly establishing a Global Energy Interconnection Academy; promoting knowledge sharing on energy transition; strengthening resource mobilization and sustainable investment; promoting inclusive participation from youth, women, and other groups; and strengthening monitoring, evaluation, and continuous improvement.Chart: Overview of US market data on Friday, April 10, 2026The U.S. February factory orders month-on-month rate, the preliminary reading of the University of Michigan consumer sentiment index for April, and the preliminary reading of the one-year inflation rate expectations will be released in ten minutes.On April 10, Minister of Commerce Wang Wentao met with Serbian Minister of Domestic and Foreign Trade, Lazzarevic, who was visiting China. The two sides exchanged in-depth views on developing China-Serbia economic and trade relations. Wang Wentao stated that under the strategic guidance of the two heads of state, China-Serbia economic and trade cooperation has become increasingly close, with rapid growth in bilateral trade, deepening investment cooperation, and significant achievements in large-scale projects. China is willing to strengthen the alignment of its 15th Five-Year Plan with Serbias "National Development Strategy 2030," expand imports from Serbia, and continuously deepen cooperation in areas such as green development, the digital economy, and supply chains. China welcomes Serbian enterprises to continue participating in important exhibitions and events such as the China International Import Expo and the China-Central and Eastern European Countries Expo, promoting the steady and long-term development of China-Serbia and China-Central and Eastern European Countries economic and trade cooperation.

Forex

Volatility subsides around 101.80 as focus shifts to US S&P PMI in US Dollar Index Price Analysis

The US Dollar Index is in the green in advance of provisional US S&P PMI data. Thursday's market behavior was erratic after the publication of the eleventh consecutive report of higher-than-anticipated unemployment claims. The Fed's decision to increase interest rates has led to persistently deteriorating labor market conditions.