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Real-time News
Irans Islamic Revolutionary Guard Corps: Iran still controls and manages the Strait of Hormuz, and any interference will be met with a "decisive response."Xiaomi Group (01810.HK) repurchased 10.5 million B shares on May 28, spending nearly HK$300 million.According to Iranian state television, on the morning before the US attack on Bandar Abbas, Iran intercepted two ships passing through the Strait of Hormuz and forced two other ships to turn back.On May 28, Futures Exchange issued a notice revising the "Detailed Rules for Lithium Carbonate Futures and Options Business of Guangzhou Futures Exchange" to strengthen risk control and ensure the smooth and orderly operation of the market. The notice adjusts the position limits for general months of lithium carbonate futures contracts: Starting with the lithium carbonate futures contract LC2610, from the date of contract listing to the 9th trading day of the month preceding the delivery month (i.e., the general month), the position limit is 5% of the contracts total open interest when the single-sided open interest exceeds 60,000 lots, and 3,000 lots when the single-sided open interest is less than 60,000 lots. 1. CITIC Securities Futures stated that the adjustment changes the position limit from 3,000 lots for contracts with a single-sided open position of 30,000 lots to 3,000 lots for contracts with a single-sided open position of 60,000 lots. The position limit for contracts with a single-sided open position exceeding 30,000 lots (10% of the contracts open position) has been adjusted to 5% for contracts with a single-sided open position exceeding 60,000 lots. This can be understood as a reduction in the position limits. Industrial clients can apply for hedging quotas according to their operational needs; this adjustment will not affect their participation. 2. A relevant official from the Guangzhou Futures Exchange stated that, based on a thorough assessment of the products operation and in accordance with market development needs and the requirements of "strengthening supervision, preventing risks, and promoting high-quality development," the exchange adjusted the position limits for general months of lithium carbonate futures to ensure the stable operation of the futures market. Furthermore, the Guangzhou Futures Exchange will continue to optimize product rules, strengthen risk assessment and market supervision, and strive to ensure the safe and stable operation of the futures market.Mizuho Bank: Raises its price target for Dell (DELL.N) from $300 to $350.
