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Real-time News
On November 17th, Morgan Stanley released a report stating that after high returns in 2025, 2026 will be a year of stabilization. Due to moderate earnings per share growth and valuations remaining at relatively high levels, the upside potential for the index is limited. Morgan Stanley gives the Hang Seng Index a baseline target of 27,500 points by the end of next year; a most optimistic target of 34,700 points; and a most pessimistic target of 18,700 points. For the H-share Index, the baseline target by the end of next year is 9,700 points; the most optimistic target is 12,190 points; and the most pessimistic target is 6,670 points.McDonalds (MCD.N) expects a record number of job seekers.Thailand’s Planning Department projects GDP growth of 2.0% in 2025 (compared to 1.8%-2.3% in August) and 1.2%-2.2% in 2026, with exports projected to grow by 11.2% in 2025 (compared to 5.5% in August).On November 17th, Reserve Bank of Australia (RBA) board member Mark McKibbin wrote in an op-ed in the Australian Financial Review that the RBA is taking a flexible approach to its dual mandate of maintaining employment and controlling inflation. McKibbin joined the Monetary Policy Committee in March this year, having previously led the RBAs independent review for 2022-2023. This review recommended a comprehensive overhaul of the RBAs operations, including reducing the number of monetary policy meetings, holding press conferences after each interest rate decision, and establishing a governance committee. McKibbin pointed out that recent comments have misinterpreted the reviews recommendations regarding the RBAs dual mandate, and that the positions attacked by critics were never supported by the review. "The claim that inflation and unemployment should be given equal weight is untrue." One recommendation in the review clearly states that "price stability and full employment should be given equal consideration," and the report also clarifies that this does not mean they are weighted equally. "This is not a matter of wording, but a fundamentally different policy framework. Equal consideration means that both objectives must be evaluated in decision-making; while equal weighting means that the two must be mechanically balanced in any situation. We recommend the former, while some criticisms are directed at the latter."On November 17th, Japanese self-driving technology startup Turing raised approximately 15.3 billion yen (about $99 million) from investors including Toyota supplier Denso, highlighting the growing market interest in its artificial intelligence technology. Sources familiar with the matter revealed that the companys valuation nearly quadrupled a year ago after its Series A funding round, reaching approximately $388 million. The company stated in a statement on Monday that the round included a 5.5 billion yen syndicated loan. Turing was co-founded by prominent Japanese AI developer Issei Yamamoto, who rose to fame for his algorithm defeating Japans top-ranked shogi player in 2017. Founded in 2021, the startup aims to build a fully autonomous vehicle system and currently employs approximately 85 people, mostly engineers. In an interview, Yamamoto stated, "The difficulty lies in the technology, not the business model. The message from companies like Denso is that they will actively support mass production once the technology matures."
