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The yield on 5-year Japanese government bonds fell 3.5 basis points to 1.545%.
January 8th - Hong Kong stocks closed at midday. The Hang Seng Index fell 1.22%, and the Hang Seng Tech Index fell 1.13%. On the sector front, military, semiconductor, coal, and commercial aerospace stocks led the gains, while Chinese securities firms, film and entertainment, food, and catering stocks led the declines. Lenovo Group (00992.HK) fell over 5%, CITIC Securities (06030.HK) fell over 4%, Baidu (09888.HK), NetEase Cloud Music (09899.HK), and Uni-President China (00220.HK) fell over 3%, and Nayuki (02150.HK) fell over 2%. On its first day of trading, Tianshu Zhixin (09903.HK) rose over 11%, Hua Hong Semiconductor (01347.HK) rose over 3%, China Shipbuilding Industry (00317.HK) rose nearly 4%, and Yankuang Energy (01171.HK) rose over 2%.
Faraday Future (FF): The goal is to produce and sell approximately 250 vehicles by 2026.
Faraday Future (FF): The goal is to achieve production and sales of 400,000 to 500,000 vehicles within five years. The target is to achieve positive cash flow and a 20% profit margin within three years. The final launch of the FX Super One model in the US is scheduled for the second quarter.
The bid-to-cover ratio for the Japanese 30-year bond auction was 3.14, compared to 4.04 in the previous auction.