EUR/USD
1.15097
-0.158%
Gold
4085.97
-0.429%
Oil
81.178
-1.779%
USD/JPY
160.733
0.768%
GBP/USD
1.34503
-0.111%
GBP/JPY
216.195
0.667%
Real-time News
July 31 – Korea Investment & Securities stated that Samsung Electronics increasing shift towards long-term memory chip supply contracts is improving earnings visibility and supporting a stronger profit outlook. The brokerage noted that the companys second-quarter results exceeded expectations as memory chip prices surged, while new hyperscale cloud service provider agreements helped stabilize demand and capacity utilization. The brokerage raised its target price for Samsung by 10% to 650,000 won to reflect the improved earnings outlook and potential upside for HBM pricing, while maintaining a buy rating.On July 31, it was reported that the highest 7-day annualized yield of Tencent Wealth Managements "Current Account +" was 1.4270%, and the lowest was 0.7040%. The highest 7-day annualized yield of WeChat Pays "Lingqian Tong" was 1.0000%, and the lowest was 0.9120%. The highest 7-day annualized yield of Alipays "Yuebao" was 1.0140%, and the lowest was 0.9090%.The Peoples Bank of China (PBOC) announced today that it conducted 134 billion yuan of 7-day reverse repurchase operations, with both bids and winning bids amounting to 134 billion yuan, at an interest rate of 1.40%. Simultaneously, it conducted 600 billion yuan of overnight reverse repurchase operations.On Friday, July 31, the Hang Seng Index opened down 21.16 points, or 0.08%, at 25,837.72; the Hang Seng Tech Index opened up 14.24 points, or 0.3%, at 4,818.01; the H-share Index opened down 21.01 points, or 0.24%, at 8,623.7; and the Red Chip Index opened down 5.51 points, or 0.13%, at 4,244.91.China’s official manufacturing PMI for July will be released in ten minutes.