EUR/USD
1.18253
0.065%
Gold
5037.66
1.846%
Oil
63.742
0.185%
USD/JPY
156.126
0.225%
GBP/USD
1.37067
0.066%
GBP/JPY
214.002
0.299%
Real-time News
Hong Kong-listed chip stocks opened lower, with Shanghai Fudan (01385.HK) falling over 4%, followed by declines in other stocks such as Hua Hong Semiconductor (01347.HK), GigaDevice (03986.HK), SMIC (00981.HK), ZTE (00763.HK), and Biren Technology (06082.HK). Innoscience (02577.HK) bucked the trend, rising over 6%.February 4th - Tencent Wealth Managements current account + 7-day annualized yield ranges from a high of 1.5680% to a low of 0.8530%, WeChat Pays 7-day annualized yield ranges from a high of 1.1840% to a low of 1.0260%, and Alipays Yuebaos 7-day annualized yield ranges from a high of 1.2490% to a low of 1.0160%.Hong Kong-listed tech stocks have been declining for several days, with BOSS Zhipin (02076.HK) falling over 3%, Trip.com Group-S (09961.HK) falling over 2%, and Bilibili (09626.HK), Tencent Holdings (00700.HK), Kuaishou (01024.HK), Meituan (03690.HK), Baidu (09888.HK), Alibaba (09988.HK) and other stocks following suit.February 4th - Oil prices rose in early Asian trading due to heightened tensions between the US and Iran. The US shot down an Iranian drone that was targeting the USS Abraham Lincoln aircraft carrier. CBAs Vivek Dhar stated in a report that this confrontation has exacerbated market concerns about a further conflict between the US and Iran, potentially disrupting Middle Eastern oil supplies. The analyst added that while negotiations between the US and Iran are scheduled to begin on Friday, President Trumps previous threats that "bad things will happen" if no agreement is reached on Irans nuclear program have provided support for risk premiums.Hong Kong stocks in the non-ferrous metals sector rallied in early trading, with China Nonferrous Mining (01258.HK) rising nearly 7%, Shandong Gold (01787.HK) up over 3%, Jiangxi Copper (00358.HK) up over 3%, and other stocks such as Minmetals Resources (01208.HK), Luoyang Molybdenum (03993.HK), China Gold International (02099.HK), and Zijin Mining (02899.HK) following suit.
