Real-time News

The onshore yuan closed at 6.7817 against the US dollar at 16:30 on May 27, up 53 points from the previous trading day.

On May 27th, local time, the Ukrainian State Electricity Company announced that, as of that morning, several regions in Ukraine experienced civilian power outages due to a new round of drone and artillery attacks by Russia. According to the company, new power outages were reported in Donetsk Oblast, Dnipropetrovsk Oblast, Zaporizhzhia Oblast, Sumy Oblast, and Kharkiv Oblast. Currently, workers are conducting comprehensive power restoration and repair operations in areas where safety conditions have been met.

On May 27th, the European Central Bank (ECB) warned that financial markets face the risk of a sudden and sharp correction, and investors may be underestimating a range of threats, including a war with Iran. In its semi-annual Financial Stability Review, the ECB stated on Wednesday that despite recent market adjustments, asset prices remain "high" compared to historical levels. The report noted that downside risks at the geopolitical, fiscal, and macro-financial levels appear to be "underestimated" by the market. ECB Vice President Guindos stated, "This makes the market susceptible to sharp repricing. Once financial markets experience volatility, non-bank financial institutions could amplify this shock." The ECB emphasized that the Eurozone sovereign bond market is currently operating "orderly" with narrow spreads, but warned that the rising proportion of price-sensitive investors such as hedge funds, and fiscal sustainability issues in some countries, including the United States, could trigger or amplify sudden repricing of risky assets. These risks mean that controlling fiscal spending is becoming increasingly important. The ECB also warned of financial stability risks in the private lending market.

South Korea's Ministry of Foreign Affairs: It will summon the Iranian ambassador to share the findings of its investigation.

ECB Vice President Guindos: We have been telling banks to increase their investment in cybersecurity to address the risks of artificial intelligence.

The South Korean government stated that the engine that struck the 'Na Mu' was similar to a turbojet engine manufactured in Iran.

On May 27th, the Bank of Japan (BOJ) announced on Wednesday that it suffered a record loss on its holdings of Japanese government bonds in the last fiscal year, highlighting the heavy valuation blow to its portfolio caused by the bank's shift to higher interest rates. In the fiscal year ending in March, its unrealized losses on its Japanese government bond holdings reached ¥45.441 trillion (approximately $285.26 billion), up from ¥28.625 trillion in the previous fiscal year, and the largest loss since comparable data became available. BOJ officials have long insisted that such losses do not affect monetary policy decisions because the bank intends to hold these bonds to maturity, meaning these book losses will not be realized. Since exiting negative interest rate policies in 2024, the BOJ has been gradually but steadily tightening monetary policy, pushing up Japanese government bond yields. This upward trend has recently accelerated due to market concerns that the BOJ may lag behind in combating inflation as Middle East conflicts push up oil prices. If this situation continues, its book losses on Japanese government bonds could deepen. Another factor driving up Japanese government bond yields is the government's fiscal stimulus program, which has exacerbated market concerns about Japan's debt burden.

On May 27th, it was learned from the Ministry of Transport that in the first four months of this year, my country's cross-regional passenger flow reached 23.21 billion person-times, a year-on-year increase of 2.1%. Among them, road passenger flow reached 21.31 billion person-times, a year-on-year increase of 1.7%; waterway passenger flow reached 82.2 million person-times, a year-on-year increase of 7.4%. Regarding port cargo throughput, in the first four months, my country's port cargo throughput reached 5.93 billion tons, a year-on-year increase of 3.1%, of which domestic and foreign trade throughput increased by 2% and 5.5% year-on-year, respectively. Container throughput reached 120 million TEUs, a year-on-year increase of 7.2%. In terms of transportation fixed asset investment, in the first four months, my country completed 894.4 billion yuan of transportation fixed asset investment, of which highway and waterway investments reached 600.4 billion yuan and 65 billion yuan, respectively.

According to Yonhap News Agency, South Korea says the attack on the HMM vessel may be related to Iranian anti-ship missiles.

European Central Bank: Energy supply shocks could increase market volatility and challenge debt repayment capacity.

European Central Bank: Equity valuations are too high, and corporate bond risk premiums are being compressed.

Ukrainian General Andriy Biletsky stated that he believes Russian troops in Ukraine are exhausted and unable to achieve any significant breakthroughs.

The German Council of Economic Experts predicts that the German economy will grow by 0.5% in 2026, lower than the 0.9% forecast in November.

The German Council of Economic Experts predicts economic growth of 0.8% in 2027.

European Central Bank: A sudden market sell-off could expose sovereign vulnerabilities and increase concerns about the sustainability of public finances.

European Central Bank: Financial market sentiment may deteriorate, and sovereign risk faces reasonable risk of repricing.

Switzerland's ZEW Economic Situation Index for May was -2.8, compared to 9.1 in the previous month.

On May 27th, it was learned from the Ministry of Industry and Information Technology that the 2026 automotive standardization system has been finalized. This system covers many aspects, strengthens the top-level design of the standards system, and empowers the high-quality development of the automotive industry. In promoting innovation in emerging fields, the focus is on accelerating the development and iteration of standards in areas such as driving automation, connected functions and applications, information security and data security, resource management and information services, automotive software, automotive data, and "vehicle-road-cloud integration." The revision and formulation of standards for key system components such as automotive electronics and automotive chips will be carried out efficiently. Furthermore, forward-looking standard breakthrough actions will be launched for future industry directions such as automotive artificial intelligence and new forms of vehicles, and standard planning and layout will be carried out in advance.