EUR/USD
1.16091
0.182%
Gold
4438.40
1.150%
Oil
89.130
0.016%
USD/JPY
156.626
-1.310%
GBP/USD
1.34992
0.103%
GBP/JPY
211.438
-1.210%
Real-time News
According to Hong Kong Stock Exchange filings, HSBC Holdings (00005.HK) repurchased 358,400 shares on the Hong Kong Stock Exchange on September 2 for HK$57.7 million; on the same day, it repurchased a total of 10,000 shares on other exchanges for £153,889.54.On September 3rd, it was reported that South Koreas semiconductor exports surged 209% year-on-year in August, reaching a record $46.65 billion, accounting for 47.5% of total merchandise exports that month. This was mainly driven by demand for artificial intelligence infrastructure. However, such rapid growth has also raised concerns about future trends. Moodys Analytics economist Dave Chia stated, "A gradual slowdown is manageable, but a sudden halt is another matter, because the South Korean economy is already operating at two speeds, and the industries that will need to fill the growth gap are precisely those currently under pressure." Monetary policy may also limit the buffer. The Bank of Korea raised interest rates for the second consecutive month in August, and Chia warned that if monetary policy continues to tighten while chip demand cools, then "this windfall will fade when domestic demand is insufficient to take over." Other more traditional industries are also struggling with the pressure, with automobile exports falling 29.8% year-on-year in August. Chia also stated that factors such as US tariffs and the shift of production to US factories constitute more persistent headwinds.The China Earthquake Networks Center automatically determined that an earthquake of approximately magnitude 4.2 occurred near Gar County, Ngari Prefecture, Tibet, at 16:16 on September 3. The final result is subject to the official rapid report.The final reading of the UKs August services PMI will be released in ten minutes.On September 3, local time, Ding Xuexiang, member of the Standing Committee of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, co-chaired the 13th meeting of the China-Russia Investment Cooperation Committee with Russian First Deputy Prime Minister Manturov in Vladivostok. Ding Xuexiang offered suggestions for further deepening bilateral cooperation: First, strengthen planning and policy guidance, conduct in-depth industrial alignment and project promotion, and jointly support the deepening and solidifying of investment cooperation between enterprises of both sides. Second, promote the implementation and effectiveness of key projects, effectively leverage their demonstrative role, and continuously enhance the scale and level of investment cooperation between the two countries. Third, expand the breadth and depth of cooperation, continuously consolidate cooperation in processing and manufacturing, engineering and infrastructure, and strengthen pragmatic cooperation in more areas such as green industries and the digital economy. Fourth, strive to resolve outstanding difficulties and problems, properly address the practical concerns of enterprises of both sides, and jointly create a better business environment.
