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The Hang Seng Tech Index rose more than 1% in late trading, with NIO-SW (09866.HK) and Lenovo Group (00992.HK) leading the gains among constituent stocks. The Hang Seng Index is currently up nearly 1%.August 10th - The recent news of Chevrolets withdrawal from the Chinese market has sparked heated discussions within the industry. General Motors China responded today, stating that in China, Cadillac and Buick possess strong competitive advantages in their respective market segments, supporting sustainable business growth; while the Chevrolet product line under the joint venture best suits the needs of the export market. GM China emphasized that Chevrolet products will continue to be manufactured in China, and the company will actively explore opportunities in overseas markets outside the United States. For existing Chevrolet owners in China, the company will provide comprehensive after-sales service guarantees. Several authorized Chevrolet dealers have confirmed that Chevrolet has suspended new car sales in China, but the timing of the suspension varies: some dealers say it started around the end of last year, while others say sales have been stagnant for over a year.August 10th – Today, with one month to go until the opening of the 2026 China International Fair for Trade in Services (CIFTIS), a series of details regarding the organization, service, and support of the event were officially released at the CIFTIS permanent venue, Shougang Park. At this years CIFTIS, over 80 enterprises and institutions plan to release more than 180 innovative achievements, and for the first time, a "Global Services Enterprises Exhibition Area" will be set up, further enhancing the internationalization, professionalism, and marketization of the event. To date, nearly 70 countries and international organizations, including the UK, Denmark, Brazil, Australia, the World Trade Centers Association, and the Food and Agriculture Organization of the United Nations, have confirmed their participation. Norway, the guest of honor, and Guangxi, the guest province of honor, have respectively established national pavilions and themed pavilions.As of 15:00 Beijing time, spot platinum rose 1.11% and spot palladium rose 0.64%.According to RIA Novosti, a drone strike by Ukraine on Nizhny Kamsk, Russia, has killed 12 people and injured 39.

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.