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The Indonesian rupiah fell further against the US dollar, reaching 17,500, a new record low.

According to TASS, the Pakistani ambassador to Russia believes that the United States will not take new military action against Iran.

The Indonesian rupiah fell to a record low against the US dollar, trading at 17,480.

On May 12th, a sales document revealed that Alphabet (GOOG.O), Google's parent company, plans to issue multiple tranches of yen bonds for the first time. Several tech giants are increasingly raising funds for AI infrastructure spending through bond issuance. The sales document did not disclose the size of the Alphabet bond issuance, but a source familiar with the matter indicated that the total issuance is expected to reach hundreds of billions of yen. The document shows that the yen bonds issued by Alphabet will include maturities of 3, 5, 7, 10, 15, 20, 30, and 40 years, but one or more tranches may be cancelled depending on demand and market conditions.

U.S. and European stock index futures fell, with S&P 500 futures down 0.2% and Nasdaq futures down 0.4%. Euro Stoxx 50 futures fell 0.7%, German DAX futures fell 0.8%, and UK FTSE 100 futures fell 0.9%.

May 12 - Data released by Japan's Ministry of Internal Affairs and Communications on the 12th shows that the Engel coefficient, which reflects the proportion of food expenditure in household consumption expenditure, will reach 28.8% in fiscal year 2025, the highest level since fiscal year 1980.

Lenovo Group (00992.HK) shares fell more than 3% in Hong Kong, with a turnover of over HK$250 million.

According to Futures News on May 12, as of 09:30 Beijing time, WTI crude oil futures rose 0.74% and US natural gas futures rose 0.24%.

Tencent Wealth Management's current account + 7-day annualized yield ranges from a maximum of 1.2100% to a minimum of 0.7300%. WeChat Pay's 7-day annualized yield ranges from a maximum of 1.0770% to a minimum of 1.0010%. Alipay's Yu'ebao's 7-day annualized yield ranges from a maximum of 1.0890% to a minimum of 1.0010%.

On Tuesday, May 12, the Hang Seng Index opened 90.19 points higher, or 0.34%, at 26,497.03; the Hang Seng Tech Index opened 23.14 points higher, or 0.45%, at 5,129.54; the H-share Index opened 18.1 points higher, or 0.2%, at 8,902.3; and the Red Chip Index opened 17.71 points higher, or 0.38%, at 4,641.54.

The People's Bank of China (PBOC) announced today that it conducted a 7-day reverse repurchase operation of 500 million yuan, with a bid amount of 500 million yuan and a winning bid amount of 500 million yuan. The operation rate was 1.40%, unchanged from the previous rate.

Japan's Ministry of Finance will auction 3 trillion yen in discount government bonds on May 19.

Hang Seng Index futures opened 0.08% higher at 26,345 points, a discount of 62 points.

According to The Information: OpenAI’s revenue share payments to Microsoft (MSFT.O) are now capped at $38 billion.