Real-time News

Xiaomi Group (01810.HK) shares in Hong Kong continued to fall, currently down more than 5%.

On June 23, according to Futures News, as of June 22, the closing price of benzene in the mainstream market in East China was 7185 yuan/ton, a decrease of 485 yuan/ton from 7670 yuan/ton on June 1. Progress in US-Iran negotiations and the drop in European and American crude oil futures to their early March lows dragged down market confidence. Coupled with the continued pressure of losses in downstream industries, there was low enthusiasm for purchasing raw material benzene, with priority given to fulfilling existing contracts. Spot trading was inactive, putting downward pressure on benzene prices to some extent. However, the lack of imported cargo ships arriving at major ports in East China for an extended period provided support at the market bottom, limiting the decline in benzene prices. Looking ahead, inventory reduction at major ports in East China is expected to continue in June, and market sentiment remains cautious, with few willing to short sell. The market is expected to remain weak in the short term, but the downside is limited.

On June 23rd, Futures News reported that crude oil prices fluctuated significantly during the day. Following the strait blockade, oil prices initially rose, but subsequently retreated from their highs after the successful negotiations between the US and Iran and the reopening of the strait. The Middle East situation remains the core factor driving wide price fluctuations. Zhuochuang Information predicts that with the successful US-Iran negotiations and the resulting agreements, market anxieties have significantly eased, and the center of gravity for oil price fluctuations will gradually shift downwards. In the short term, oil prices are expected to continue their weak trend.

India's preliminary composite PMI for June was 57.4, below the expected 59 and the previous reading of 59.3.

India's June services PMI preliminary reading was 57.3, below the expected 58.8 and the previous reading of 59.8.

Market sources say Tencent is reportedly considering exiting game studios including Marvelous.

The yield on Japan's two-year government bonds rose 1.0 basis point to 1.415%.

On June 23, Rio Tinto (RIO.N), BHP Billiton (BHP.N), and Caterpillar Inc. (CAT.N) launched a trial of battery-powered electric transport trucks in the Pilbara region. The joint trial showed "significant progress." In the initial testing phase, over 100 hours of operation and 200 test cycles have been completed. The next phase will evaluate dynamic charging technology. The three companies stated that dynamic charging could become a key factor in improving operational efficiency. BHP Billiton reiterated its target of reducing operating greenhouse gas emissions by at least 30% from fiscal year 2020 levels by fiscal year 2030.

The yield on Japan's 20-year government bonds fell 1.5 basis points to 3.565%.

Rio Tinto (RIO.N): Rio Tinto (RIO.N), BHP Billiton (BHP.N) and Caterpillar (CAT.N) launched a trial of a battery-powered electric transport truck in Pilbara.

On June 23, US President Trump posted on social media, “At least 39 people injured and 4 dead in the Chicago weekend shooting. Governor Pritzker, as president, I can fix this quickly and permanently. Washington, D.C., Memphis, New Orleans, [crime rates] are at historic lows, and very quickly! Call me!” Since Friday night, a series of shootings in Chicago have resulted in multiple injuries and deaths. This violence has prompted Trump to renew his call for the deployment of troops to Chicago. Illinois Governor J.B. Pritzker has repeatedly rejected such federal intervention.

June 23 – According to data from the European Automobile Manufacturers Association (ACEA), Tesla (TSLA.O) new car registrations in the EU, UK, Iceland, Liechtenstein, Norway, and Switzerland more than doubled year-on-year in May, reaching 28,610 units. In the EU market alone, Tesla sold 21,767 units, also more than double the sales of the same period last year. May marks the fourth consecutive month of sales growth for Tesla in Europe, indicating that after more than a year of decline, the company's electric vehicles are regaining consumer favor. According to ACEA data, the company first achieved new car registration growth since December 2024 in February of this year.

Deutsche Bank: If the Federal Reserve raises interest rates, gold prices could fall to $3,800 per ounce.

June 23 – Morningstar analyst Phelix Lee stated in a report that capital expenditures by leading memory chip manufacturers are likely to increase further this year and next. This growth is primarily driven by long-term supply agreements negotiated with customers, which Morningstar believes are conducive to maintaining stable profit margins and signify high financial commitments from customers. Therefore, memory chip capacity growth is likely to be very strong, particularly in the DRAM and HBM sectors.

According to the European Automobile Manufacturers Association, in May, Nissan's new car registrations in the EU fell by 8.5%, Volkswagen Group's by 3.6%, Stlantis's by 2.6%, and Hyundai's by 1.3%.

The European Automobile Manufacturers Association (EAMA) reported that new car registrations in the EU rose 4% to 4,748,801 units between January and May.

The European Automobile Manufacturers Association (EAMA) reported that new car registrations in the EU rose 3.2% in May, reaching 955,013 vehicles.

The European Automobile Manufacturers Association (EAMA) reported that electric vehicles accounted for 69.49% of new registrations in the EU, UK, and EFTA in May.

The European Automobile Manufacturers Association (EADA) reported that Tesla (TSLA.O) rose to 2.5% market share in the EU, UK, and EFTA in May, and to 10.66% in the battery electric vehicle (BEV) market.