Real-time News

On Thursday, May 7, the Hang Seng Index opened 317.57 points higher, or 1.21%, at 26,531.35; the Hang Seng Tech Index opened 119.91 points higher, or 2.41%, at 5,089.11; the H-share Index opened 114.28 points higher, or 1.3%, at 8,915.03; and the Red Chip Index opened 14.54 points higher, or 0.32%, at 4,501.91.

The People's Bank of China (PBOC) announced today that it conducted 27 billion yuan of 7-day reverse repurchase operations, with both the bid and winning bids amounting to 27 billion yuan. The operating rate was 1.40%, unchanged from the previous rate.

US President Trump: The crime rate in Washington, D.C. has dropped to its lowest level in 30 years, which is fantastic.

The intraday decline in the most active liquefied petroleum gas (LPG) contract narrowed to 2.00%, currently trading at 5860.00 yuan/ton.

On May 7th, according to US sources, on May 6th local time, US officials stated that residents from three US states are currently under health monitoring to screen for potential Hantavirus infection risks. These individuals had previously traveled on a Dutch cruise ship, which experienced a fatal Hantavirus outbreak. Officials stated that none of those monitored have shown signs of illness. According to the World Health Organization, since April 11th, three passengers who traveled on the "Hundius" cruise ship have died, and five others have developed symptoms of Hantavirus infection. Hantavirus is a type of virus carried by rodents that can cause serious illness in humans. In the US, health departments in at least three states are monitoring residents who traveled on the cruise ship and have since returned home. The Georgia Department of Public Health stated in a statement that it is monitoring two local residents. The department stated that these two residents "are currently in good health and show no signs of infection," and are strictly cooperating with the recommendations of the US Centers for Disease Control and Prevention.

On May 7th, Jun Mimura, Japan's top foreign exchange official, stated that the International Monetary Fund's (IMF) classification of Japan as having a floating exchange rate system does not limit the frequency of exchange rate intervention. Mimura made this response to reporters when asked about recent exchange rate trends and the IMF's classification criteria. The criteria stipulate that exchange rate intervention should not exceed three times within a six-month period. Furthermore, Mimura declined to comment on the exchange rate level but stated that he will continue to closely monitor the foreign exchange market and maintain daily contact with US authorities.

The US Centers for Disease Control and Prevention (CDC) states that the risk to the American public is currently extremely low (regarding Hantavirus).

Conflict Update: 1. Ukraine claims a kindergarten was attacked. 2. Zelenskyy stated Ukraine will respond "reciprocally" to Russian attacks. 3. Russia claims an administrative building at the site of the Zaporizhia nuclear power plant was attacked and caught fire. 4. Ukrainian Foreign Minister: The Russian attack lasted all night, using 108 drones and 3 missiles, including morning strikes on Kharkiv and Zaporizhia. Other Updates: 1. The Russian Foreign Ministry stated its willingness to engage in effective negotiations on the Ukrainian issue. 2. The Russian Foreign Ministry called on all countries to evacuate their personnel from Kyiv in a timely manner. 3. Zelenskyy: Russian troops have violated the ceasefire agreement initiated by Kyiv 1,820 times. 4. Ukraine's chief negotiator may travel to the US this week to meet with Vitkov. 5. The Russian Security Service arrested several agents gathering intelligence for Ukraine. 6. Norway provided 2.8 billion Norwegian kroner in aid to Ukraine. 7. French Foreign Minister: Putin's troops withdrew 120 square kilometers from Ukraine in April, the first time in three years. The Russian economy is in crisis. The Kremlin should have opened its eyes to its failures long ago and ended this senseless and costly conflict.

According to the New York Times: U.S. officials said Wednesday that residents in three states are being monitored for the risk of hantavirus infection after traveling on a Dutch cruise ship. Officials stated that none of those being monitored have shown any symptoms so far.

As of 8:30 AM Beijing time, spot platinum was down 0.02% and spot palladium was down 0.17%.

Futures News, May 7th: 1. Heavy Rainfall in Southern China. From May 7th to 8th, most parts of Jiangnan and South China will experience moderate to heavy rain, with some areas experiencing torrential rain, accompanied by short-term heavy rainfall, thunderstorms, and strong winds. It is expected that from 08:00 on May 7th to 08:00 on May 8th, parts of central and western South China and southern Southwest China will experience thunderstorms with winds of level 8 or higher, or hail; parts of central and eastern Jiangnan, central and eastern South China, and southern Southwest China will experience short-term heavy rainfall with hourly rainfall exceeding 20 mm, with some areas in central Guangdong experiencing hourly rainfall exceeding 50 mm, and a maximum exceeding 60 mm. The Central Meteorological Observatory continued to issue a blue warning for severe convective weather at 06:00 on May 7th. 2. Heavy Rainfall in Northern Brazil and France. Yesterday, moderate to heavy rain occurred in parts of northern Brazil, France, the eastern United States, southern Chile, northern Italy, Germany, Belgium, Gabon, eastern South Africa, Thailand, Indonesia, Malaysia, Singapore, and Brunei, with some areas experiencing torrential rain. Additionally, moderate to heavy snow occurred in parts of the Alaska Peninsula, southeastern Canada, Siberia in Russia, and northern Northern Europe, with some areas experiencing blizzards. 3. Persistent high temperatures are expected in West Asia, South Asia, and north-central Africa. Over the next three days, parts of Southeast Asia and Mexico will experience temperatures above 38°C, while parts of the southeastern Arabian Peninsula, southeastern Iran, southwestern Afghanistan, southern Pakistan, western India, and north-central Africa will experience temperatures above 40°C, with some areas exceeding 42°C. 4. Strong winds and rain in the southeastern United States ⑥ Over the next three days, moderate to heavy rain is expected in the southeastern United States and northeastern Mexico, with some areas experiencing torrential rain and localized extremely heavy rain, accompanied by short-duration heavy precipitation, thunderstorms, strong winds, and other severe convective weather; most of the above-mentioned areas will experience a temperature drop of 4-8°C, with some areas experiencing a drop of more than 10°C, and there will be winds of force 4-6, with gusts of force 7-9, and gusts of force 10 or higher in the southeastern coastal areas of the United States and the eastern coastal areas of Canada.

Bank of Japan meeting minutes: One member said that the central bank may have inadvertently been slow to respond to inflation risks.

Jun Mimura, Japan's top foreign exchange official: The U.S. authorities are aware of my thoughts.

Samsung Electronics shares rose 3%.