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September 10th - This morning, Bokang Vision Cloud-B (02592.HK) suddenly announced a trading halt. The announcement stated that, pursuant to Section 8(1) of the Securities and Futures (Listing on Securities Markets) Rules, the Hong Kong Stock Exchange, at the direction of the Hong Kong Securities and Futures Commission (SFC), has suspended trading in Bokang Vision Cloud shares from 9:00 a.m. on September 10, 2026. Inquiries were made to Bokang Vision Cloud regarding the specific reasons for the mandatory trading halt by the SFC, but no response has been received as of now.On September 10th, statistics from 58 Anjuke Research Institute showed that in the first seven days of September this year, the transaction volume of new homes in 13 key first- and second-tier cities was generally higher than the same period last year. Among them, the transaction volume in all four first-tier cities increased year-on-year, while the growth in second-tier cities varied, with Nanjing, Wuhan, and Ningbo all recording positive growth in new home transactions. The second-hand housing market was generally positive; in the 12 cities surveyed by the institute, the transaction volume of second-hand homes in the first seven days of this month all showed positive year-on-year growth. Data released by the China Index Academy also showed that from the end of August to the beginning of September, the housing market in key cities heated up. The institute pointed out that in the 36th week of this year (August 30th to September 5th), the transaction volume of new homes in 30 cities increased by 1.5% month-on-month and 20.8% year-on-year; the transaction volume of second-hand homes in 20 cities decreased slightly month-on-month but increased by 16.9% year-on-year.South Korean Foreign Minister: Will meet with US Secretary of State Rubio in September.According to the Wall Street Journal, sources say South Koreas investment is expected to include approximately $20 billion in a Texas natural gas power plant. South Korea may pay more than $2 billion in initial seed funding by the end of this month.According to the Wall Street Journal, sources say South Korea is in final-stage discussions with the United States to build up to eight nuclear reactors in the country based on Westinghouse designs.

AUD/JPY Exceeds 90.30 As RBA Considers Option To Raise Rates Prior To Pause

Daniel Rogers

Apr 18, 2023 14:02

AUD:JPY.png 

 

Following the release of the minutes from the Reserve Bank of Australia (RBA), the AUD/JPY pair surged above the 90.30-point critical resistance level. According to the RBA minutes, policymakers actively considered the decision to raise rates further. However, the decision to maintain the status quo was made after the collection of additional data.

 

Citing the resilience of Australia's financial system, RBA policymakers believed that the Board's future cash rate decisions would depend on the global economy, household spending trends, inflation projections, and employment forecasts.

 

Continue to monitor China's Gross Domestic Product (GDP) statistics. Compared to its stagnant performance in the final quarter of CY2022, the Chinese economy is estimated to have grown by 2.2%. Compared to the previous annual growth rate of 2.9%, the current annual growth rate for the economy is 4.0%. Australia is China's greatest trading partner, and stronger Chinese GDP data would strengthen the Australian Dollar.

 

The announcement of the People's Bank of China (PBOC) interest rate decision later this week will be crucial. Last week, the People's Bank of China pledged to provide additional monetary support to spur retail demand. Despite the reopening of China's economy following a period of economic restraint, the country's inflation rate has been consistently declining over the past few months.

 

According to Jiji news and Reuters, the Bank of Japan is reportedly considering a projection for consumer price growth between 1.6% and 1.9% for the 2025 fiscal year, a move seen as preventing market participants from betting on the central bank's departure from stimulus. This has also delayed the possibility of a shift away from an expansionary monetary policy, which cannot be considered until the Japanese inflation rate persists above 2%.


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