• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
As of 10:23 on August 24, in terms of capital inflows into domestic futures main contracts, Shanghai Gold 2610 saw an inflow of 1.004 billion yuan, Shanghai Copper 2610 saw an inflow of 933 million yuan, and Lithium Carbonate 2701 saw an inflow of 856 million yuan. In terms of capital outflows, CSI 1000 2609 saw an outflow of 7.601 billion yuan, CSI 2609 saw an outflow of 4.226 billion yuan, and CSI 2609 saw an outflow of 3.337 billion yuan.On August 24th, Futures News reported that Indonesian Coordinating Minister for Economic Affairs Airlangga Hattato stated that the government will not impose export taxes or windfall profits taxes on key commodities such as coal and nickel this year. Airlangga made these remarks in an interview at his office on Friday (August 21, 2026), stating, "The windfall profits tax has not been implemented this year." When asked if it would be implemented next year, he responded that the relevant policy had not yet been discussed in detail. Previously, driven by rising coal prices due to escalating conflicts in the Middle East, the government had actively promoted the imposition of export taxes on these commodities. Finance Minister Purbaya Yudi Sadeva previously stated that the implementation plan for a coal export tax was still under discussion, but also pointed out that the government expected to obtain additional revenue through revisions to the RKAB in 2026. Purbaya stated that President Prabowo had instructed Energy and Minerals Minister Bahriel to revise the 2026 coal production quotas. He added that increased production due to rising coal prices would bring additional revenue to the country, but did not disclose the specific amount. Export taxes are an international trade tax tool levied by Indonesia on specific exported goods, and the revenue has fluctuated in recent years with changes in global commodity prices and export policies.Gold prices rose to their highest level in over three months on Monday, supported by a weaker dollar, as market focus shifted to key US inflation data and Federal Reserve Chairman Warshs speech later this week. Tim Waterer, chief market analyst at KCM Trade, said gold started the week strongly, regaining buying support, primarily driven by a weaker dollar. The market is also paying closer attention to signals that rising yields may signal underlying economic pressures and policy uncertainty. The market will be watching the July PCE price index and Warshs speech at the Jackson Hole symposium this week for new clues about the interest rate outlook. "Traders will be closely watching for any changes in his tone regarding the policy path and how that rhetoric resonates with recent bond market movements. A balanced or cautious tone, leaving room for policy flexibility, could open the door for further gains in gold prices."On August 24th, the Cyberspace Administration of China (CAC) launched a special campaign to "clean up the online entertainment livestreaming scene and rectify the chaos." The CAC has focused on prominent issues such as vulgar and inappropriate content, rules designed to incentivize tipping, and infringement on the rights of minors in entertainment livestreaming. It has continuously intensified its crackdown on illegal and irregular entertainment livestreaming, and has so far dealt with over 7,200 illegal livestreaming rooms and severely punished over 2,200 illegal accounts. Simultaneously, it has guided websites and platforms to remove and dispose of a number of problematic MCN (Multi-Channel Network) agencies involved in livestreaming, issued 17 governance announcements, and publicly exposed typical cases to create a strong deterrent. As a result of the campaign, vulgar content in entertainment livestreaming has significantly decreased, and illegal behaviors such as inducing tipping have been effectively curbed, leading to a marked improvement in the livestreaming ecosystem. Moving forward, the CAC will continue to maintain a high-pressure, strict regulatory stance, intensify its investigation and punishment of illegal accounts and agencies in entertainment livestreaming, guide and urge websites and platforms to improve their entertainment livestreaming management mechanisms, enhance their technical governance capabilities, continuously optimize functions and gameplay, and promote a healthy, orderly, and clean entertainment livestreaming ecosystem.August 24 - The Ministry of Commerce will hold a press conference at 3:00 p.m. on Thursday, August 27, 2026, where a spokesperson will introduce the recent key work in the commercial field and answer questions from reporters.

Hang Seng Index, ASX200, Nikkei 225: US CPI Report Weighs on Sentiment

Steven Zhao

Feb 15, 2023 16:19

微信截图_20230215140941.png

The Market Overview

The Hang Seng Index and the larger Asian markets had a gloomy morning session. This morning's market risk sentiment was affected by the US CPI Report for January. Investors would have hoped for softer-than-expected results despite the fact that US inflation eased in order to lessen the possibility that the Fed would raise interest rates over 5%.


The annual inflation rate in the US decreased in January from 6.5% to 6.4% compared to an anticipated 6.2%, confirming the hawkish view for interest rates.


The NASDAQ Composite Index increased on Monday while the Dow decreased by 0.46%.


Geopolitical tensions between the US and China added to the negative Hang Seng session despite the absence of any regional economic signs to divert investors.

Advertisement

ASX 200

The ASX 200 was down this morning by 1.22%. Australian economic data were not available to influence market sentiment. RBA remarks, however, once again hurt the ASX 200.


RBA Governor Philip Lowe addressed members of parliament after last week's aggressive RBA Rate and Monetary Policy Statements, outlining the catastrophic repercussions of failing to control inflation.


Reuters quotes Lowe as saying, "The current inflation rate of 7.8% is much too high. It must be taken down. We are most concerned about it.


The ASX 200 fell as the US CPI report came in hotter than anticipated and the RBA said that it will fight inflation.


Bank stock prices saw a down day this morning. CBA and WBC both had declines of 5.78% and 4.48%, respectively. NAB and ANZ Group both had declines of 3.95% and 3.61%, respectively.


Small assistance came from mining stocks. Fortescue Metals Group (FMG) fell by 0.47%, while Rio Tinto (RIO) and BHP Group Ltd (BHP) both had increases of 1.05% and 0.11%, respectively. Newcrest Mining (NCM) also had a decline, dropping by 1.11%.


Woodside Energy Group (WDS) and Santos Ltd (STO), which were down 2.32% and 0.70%, respectively, were affected by a decline in crude oil prices. WTI fell 0.52% this morning to $78.65.

HONG SEN GOLD INDEX

Market response to the US CPI Report and the deterioration of US-China ties caused the Hang Seng to fall 1.28% this morning.


Tencent Holdings Ltd. (HK:0700) down 1.48%, while Alibaba Group Holding Ltd. (HK:9988) fell 2.15%.


Industrial and Commercial Bank of China (HK: 9988), China Construction Bank (HK: 0939), and HSBC Holdings PLC all saw declines in their respective bank stock prices.