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February 9th - According to information obtained from Flat Glass Group, the companys sales department recently issued a price increase notice to its customers. Effective February 9th, 2026, the prices of disperse dyes will be adjusted accordingly. Specifically, nine products, including Disperse Black ECT (300%), will see a price increase of RMB 2,000 per ton, while Navy Blue HW-SR will see a price increase of RMB 3,000 per ton. The estimated price increase for these ten products is approximately 10%. A company representative stated that against the backdrop of rising global raw material prices, the companys main disperse dye products have already adjusted prices in line with industry trends, effectively passing on upstream cost pressures. Currently, product prices are showing a stable upward trend. The company will continue to monitor raw material market price trends, optimize its supply chain management and cost control system, and adjust its business strategies in a timely manner to effectively safeguard the interests of the company and all investors.On February 9th, Meituan announced its intention to acquire Dingdong Maicais China business. Following the announcement, some users on social media expressed concerns about Dingdong Maicais future product and service standards. In response to the acquisition, Dingdong Maicai (DDL.N) stated: "Currently, Dingdong Maicais business and team are operating normally and stably, and we will continue to provide high-quality products and services. Furthermore, this year Dingdong Maicai will operate without interruption during the Spring Festival for the ninth consecutive year, and all business teams will comprehensively ensure a smooth Spring Festival consumption experience for users."February 9th - According to statistics from Haikou Customs, during the first week of the Spring Festival travel rush (February 2nd-February 8th), Haikou Customs supervised a total of RMB 1.106 billion in duty-free shopping on Hainan Island, with 191,900 people making duty-free shopping trips and 895,000 items purchased, representing increases of 6.3%, 26%, and 9.4% respectively compared to the previous week.Hong Kong-listed chip stocks continued their upward trend in the afternoon, with Montage Technology (06809.HK) surging over 52.7% on its first day of trading, GigaDevice (03986.HK) rising over 11.5%, Shanghai Fudan (01385.HK) climbing over 10%, and Tianyu Semiconductor (02658.HK), Innoscience (02577.HK), and SMIC (00981.HK) all rising over 5%.On February 9th, Hou Xiaonan, CEO and President of China Literature Group (00772.HK), released an internal letter during the Spring Festival, systematically reviewing the companys business progress in 2025 and clearly defining "evergreen content, IP + AI, and globalization" as its three core strategic directions. In the letter, Hou Xiaonan stated that 2025 will be a year for China Literature to solidify its foundation and cultivate new momentum amidst deep industry adjustments. The biggest gain will not only be a series of blockbuster works, but also a more resilient and continuously evolving ecosystem. The internal letter shows that in 2025, while consolidating its core online literature business, China Literature will achieve breakthroughs on multiple fronts, including IP visualization, commercialization, globalization, and AI. Short dramas, comics, and derivative products will achieve large-scale growth, collectively forming the "second growth curve" of the IP ecosystem.

Before the US NFP, the USD/JPY is likely to decrease to roughly 132.00

Alina Haynes

Aug 05, 2022 14:49

截屏2022-08-05 上午9.50.18.png 

 

The difficulties that the USD/JPY pair met around 133.00 during the Asian session are now in full force. As investors predict a disappointing result from the US Nonfarm Payrolls (NFP) data, the asset has printed a low of 132.77 and is projected to decrease further to about 132.00.

 

JP Morgan experts projected that the US Nonfarm Payrolls (NFP) will be poorer than expected at 200K in the July labor market statistics, compared to the consensus expectation of 250k jobs gained in the month. The US economy produced 372k new jobs in the labor market in June. The labor market is under great pressure as a result of data showing a continued fall in job creation. The unemployment rate, though, will be constant at 3.6 percent.

 

Increased labor market dangers are a result of rising interest rates and their compounding impacts. Due to pricey dollars, business players are unable to invest without reluctance. Low investment possibilities cannot thus speed the process of creating jobs.

 

Despite the Federal Reserve (Fed) policymakers' enhanced interest rate ambitions, the US dollar index (DXY) has thrown up the support of 106.00. According to Cleveland Fed President Loretta J. Mester, ending the policy tightening program without detecting a decline in the inflation rate for several months is not conceivable at interest rates above 4 percent .

 

Tokyo's entire household expenditure has dramatically climbed from the previous report of -0.5 percent and the predictions of 1.5 percent to 3.5 percent. As an inflation indicator, the economic data may aid the yen bulls. The economic data have greatly improved, which means that the inflation rate may climb much further. The findings may, however, be largely impacted by growing energy expenditures. However, a hike in the labor cost index is shortly to come in order to keep the inflation rate over 2 percent.


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