Real-time News

According to information from the Hong Kong Stock Exchange, JPMorgan Chase's stake in H shares of Hong Kong Exchanges and Clearing Limited (00388.HK) increased from 6.97% to 7.07% on January 6, with an average purchase price of HK$431.1066.

January 9th - According to an announcement by Hengrui Medicine, the company and its subsidiaries, Chengdu Shengdi Pharmaceutical Co., Ltd. and Shanghai Hengrui Pharmaceutical Co., Ltd., recently received the "Drug Clinical Trial Approval Notice" issued by the National Medical Products Administration for SHR-4394 for injection, HRS-5041 tablets, Zamettostat tablets (SHR-2554), and Revertulamide tablets, and will conduct clinical trials in the near future.

Sunny Optical Technology (02382.HK): In December 2025, mobile phone lens shipments reached 95.59 million units, a decrease of 20.0% month-on-month, mainly due to customers' year-end inventory control. Automotive lens shipments increased by 17.7% year-on-year, mainly due to increased demand from customers; however, they decreased by 40.8% month-on-month, mainly due to the impact of customers' Christmas holidays.

January 9th - UK government bonds surged at the start of the year as the British government reduced long-term borrowing and weak inflation fueled market bets on a Bank of England rate cut. UK bonds rose across the board, with 10-year bonds poised for their biggest weekly gain since October, significantly outperforming less volatile German and US bonds. Craig Inches, head of rates and cash at Royal London Asset Management, said the prospect of a rate cut, coupled with reduced sales of long-term bonds, made UK bonds "very cheap" compared to similar assets. He stated, "UK bonds are an excellent place to put your money." The money market currently estimates a near 90% probability of another 25-basis-point rate cut by the Bank of England in April. The probability of a second rate cut by December has risen from less than 50% two weeks ago to 70%. He added, "We believe the Bank of England will have to cut rates again in February, which, combined with supply shortages, will lead to lower yields, a flattening yield curve, and allow UK bonds to outperform their global counterparts."

Italy's retail sales rose 1.3% year-on-year in November, up from 1.30% in the previous month.

Italy's seasonally adjusted retail sales rose 0.5% month-on-month in November, compared with 0.50% in the previous month.

January 9th - Analysts point out that US job growth may slow in December due to companies remaining cautious about hiring amid import tariffs and increased investment in artificial intelligence. However, the unemployment rate is expected to fall to 4.5%, which could support market expectations that the Federal Reserve will keep interest rates unchanged this month. The non-farm payroll report, expected to be released tonight, is anticipated to show that the US labor market remains in what economists and policymakers call a "no hiring, no laying off" mode. This would also confirm that the US economy is in a phase of jobless expansion. In the third quarter of last year, economic growth and worker productivity surged, partly attributed to a surge in AI spending. Sal Guatieri, senior economist at BMO Capital Markets, stated, "This isn't entirely due to weak demand, as the economy appears to be performing well, but companies are very cautious about hiring new employees. This could be related to a willingness to control costs, perhaps due to tariff pressures, or perhaps because many companies believe that AI-driven automation will lead to productivity gains."

On January 9th, Jefferies analysts wrote that Ferrari's valuation is likely to remain passive in the short term. The company's valuation has contracted from a peak of 46.3 times its 2026 earnings at the end of February last year to the current 32.5 times. Ahead of the full-year earnings report and the setting of 2026 guidance in February, Jefferies believes that market consensus expectations may be slightly revised downwards. Earnings revisions will keep investor discussions cautious. Jefferies maintains a "hold" rating on Ferrari with a target price of €310. Ferrari's share price fell 0.3% to €320.60.

On January 9th, data provided by Cui Dongshu, Secretary-General of the China Passenger Car Association (CPCA), further corroborated the intensity of market competition. In December 2025, the average price of new energy vehicles with price reductions in China was 136,000 yuan, an average reduction of 20,000 yuan, representing a drop of 14.7%. For the whole of 2025, the average price of new passenger vehicles with price reductions in China was 191,000 yuan, an arithmetic average reduction of 20,000 yuan, representing a drop of 10.5%. Among them, the average price of new energy vehicles with price reductions was 195,000 yuan, an average reduction of 21,000 yuan, representing a drop of 11%. Zheng Yun, Global Senior Partner and Head of Automotive Business for Asia at Roland Berger, predicted that the profit margin of China's automotive industry is expected to rebound in the third quarter of 2026. While the car market will see a breakthrough in scale in 2025, profitability will be under pressure, with an average industry profit margin of approximately 4.4%, and more than half of dealers operating at a loss. There are signs that the "price war" is returning to rationality, and industry concentration will increase. The future market structure will be differentiated, with the core competition shifting to the capital arena. Capital liquidity and capital allocation efficiency will become key variables in reshaping the industry landscape.

New Street Research: Raises its price target for Amazon (AMZN.O) from $340 to $350.

Iran's Supreme Leader Ayatollah Khamenei: Iran will not tolerate foreign-backed actions.

Iran's Supreme Leader Ayatollah Khamenei: Iran will not yield to acts of sabotage.

On January 9th, the Ministry of Industry and Information Technology (MIIT) held a meeting on January 8th to comprehensively summarize the work on the protection of aviation and railway radio frequencies in 2025 and systematically plan for radio frequency protection work in 2026. The meeting emphasized the need to vigorously promote the protection of aviation and railway radio frequencies to ensure the safety of people's lives and property. It stressed the importance of strengthening overall coordination, fully leveraging the inter-ministerial joint working mechanism for the protection of aviation and railway radio frequencies, and reinforcing organizational leadership, system construction, capacity building, responsibility implementation, and public awareness. Especially at the end of the year and the beginning of the new year, proactive and effective measures should be taken to ensure the safe use of aviation and railway radio frequencies during the 2026 Spring Festival and the National People's Congress and the Chinese People's Political Consultative Conference (NPC & CPPCC) sessions.

The Ukrainian Prime Minister stated that power restoration efforts have begun in the Kyiv region following the Russian attacks, and it is expected that power will be available to more than 500,000 users.

Gold prices rose on January 9th, poised for a 3.4% gain this week, as traders awaited key U.S. economic data later on Friday for further clues about the path of interest rates this year. Soojin Kim of MUFG Bank stated, "The market's current focus is on Friday's December non-farm payroll report. It's expected to show robust hiring but a stable unemployment rate—this complex situation may reduce the urgency for the Fed to resume rate cuts." Traders are also closely watching the upcoming Fed chair selection, with Treasury Secretary Bessant indicating that President Trump is expected to nominate Powell's successor later this month.

On January 9th, according to an announcement by Reina Intelligent, the company plans to invest approximately RMB 169.9 million in Shuangfeng Industrial Zone, Changfeng County, Hefei, Anhui Province, to build a modern intelligent and efficient heat pump R&D and production base integrating core component manufacturing, complete machine assembly, and technology demonstration. Upon completion, the project is expected to have an annual production capacity of approximately 9,135 intelligent and efficient heat pump units, focusing on breakthroughs in "bottleneck" technologies such as high-power magnetic levitation compressors to achieve independent and controllable production.

R&F Properties (02777.HK): In December 2025, it achieved sales of RMB 1.52 billion, with a total of RMB 14.21 billion for the year, and a sales area of 1.8736 million square meters.

Iran's Supreme Leader Ayatollah Khamenei: Trump should focus on managing his own country.

January 9th - Oil prices continued their upward trend and are poised for a strong weekly gain as traders closely monitor geopolitical developments. This was supported by President Trump's warning that the U.S. would take "very harsh" action against the Iranian government if it violently suppresses protesters. Furthermore, a U.S. congressional bill that allows for severe sanctions against buyers of sanctioned Russian oil further boosted market sentiment. Meanwhile, the market is focused on a meeting between Trump and U.S. oil executives on Friday to discuss investments in Venezuela's oil sector.