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On January 14th, the Hang Seng Index opened more than 100 points higher, briefly dipped, then regained its upward momentum, strongly breaking through the 27,000 mark. Strong performance from tech stocks, led by AI applications, propelled the Hang Seng Tech Index higher, outperforming the broader market, rising over 1.5% before midday. At midday close, the Hang Seng Index closed up 0.92% at 27,094.31 points, while the Tech Index closed up 1.54% at 5,960.07 points. Total turnover for the Hang Seng Index reached HK$162.674 billion. On the sector front, tech stocks, led by AI applications, collectively strengthened, with Alibaba-related stocks performing particularly well. Consumer stocks and battery stocks led the gains, while insurance and power stocks were among the biggest losers. In terms of individual stocks, Alibaba (09988.HK) closed up 5.25% in the morning session, and Alibaba Health (00241.HK) closed up 15.9%; Q Technology (01478.HK) closed up 13.5%, with the company expecting its consolidated profit for 2025 to increase by approximately 400% to 450% year-on-year; Nongfu Spring (09633.HK) closed up 6.13%, while China Taiping (00966.HK) closed down 2.13%.The National Bank of Kazakhstan reported that net gold and foreign exchange reserves in December totaled $63.447 billion (a 6.3% increase month-on-month).On January 14th, it was learned from the China Development Bank (CDB) that in 2025, CDB will provide over RMB 290 billion equivalent in funding to support high-quality Belt and Road Initiative cooperation. Deepening multilateral and bilateral financial cooperation, CDB announced in November 2025 the establishment of a RMB 30 billion special loan program for China-Europe freight trains, focusing on supporting the construction of China-Europe freight train corridors, ports, hubs, supporting facilities, and related enterprise operations. CDBs subsidiary, the China-Africa Development Fund, has increased its direct investment support for projects with high development potential, strong driving force, and good comprehensive effects. In 2025, it made an additional RMB 8.39 billion equivalent in investment in Africa, driving domestic enterprises to invest RMB 20.39 billion equivalent in Africa, both record highs, primarily supporting infrastructure and industrial cooperation.The most active Japanese rubber futures contract rose 2.00% on the day, currently trading at 356.40 yen per kilogram.On January 14th, Wang Jun, Deputy Director of the General Administration of Customs, stated at a press conference held by the State Council Information Office that my countrys goods trade has been continuously optimized and upgraded. Over the past five years, the import and export of high-tech products has grown at an average annual rate of 7.9%, with the year-on-year growth rate further accelerating to 11.4% in 2025, contributing nearly 60% to the overall foreign trade growth. The export scale of the "new three" products—electric vehicles, photovoltaic products, and lithium batteries—is expected to reach nearly 1.3 trillion yuan in 2025, a 3.5-fold increase compared to 2020. New business formats and models are flourishing. According to preliminary statistics from customs, my countrys cross-border e-commerce imports and exports are expected to reach 2.75 trillion yuan in 2025, a 69.7% increase compared to 2020.

NZD/USD falls rapidly from 0.6260 when the RBNZ announces a decline in inflation projections to 3.07 percent

Daniel Rogers

Aug 08, 2022 12:00

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The NZD/USD pair has encountered selling pressure while attempting to surpass the immediate resistance level of 0.6260. The asset has seen bids after the Reserve Bank of New Zealand (RBNZ) announced inflation estimates at 3.07 percent, down from 3.29 percent previously. It could be an indication of waning price pressure, but additional evidence is still needed to support the argument.

 

Price pressures in the New Zealand economy are increasing and have not yet shown signs of weariness. A June report indicates that an inflation rate of 7.3% is adequate to generate headwinds for families. The RBNZ is consistently escalating its policy tightening measures to combat the same. RBNZ Governor Adrian Orr has already increased the Official Cash Rate by 2.50 percentage points.

 

On the front of the US dollar, the US dollar index (DXY) has returned all intraday gains and is currently trading near the day's open at 106.60. While attempting to break over the crucial resistance level of 106.80, the DXY has encountered selling pressure. This week, investors' attention is centered on Wednesday's release of the US Consumer Price Index (CPI).

 

The annual inflation rate is projected to continue at 8.7 percent, down from 9.1 percent in the previous report. Oil prices have been on a downward trend in July, which may be the determining factor for a significant decline in the price increase index. While the US CPI excluding volatile food and oil prices may increase from 5.9 percent to 6.1 percent, the previous reading was 5.9 percent.