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2025-09-17 Wednesday

2025-09-19

14:01:13

The Nikkei 225 index closed at 44,829.44 points today, down 0.16%.

14:00:43

The UK's CPI monthly rate for August

Previous : 0.10% Forecast : 0.30%

Published Value 0.30%

14:00:13

GBP/JPY just touched the 200.00 mark and is currently trading at 200.00, up 0.07% on the day.

14:00:12

The annual rate of the core retail price index in the UK for August

Previous : 4.70% Forecast : -

Published Value 4.40%

14:00:12

The monthly rate of the core retail price index in the UK for August

Previous : 0.40% Forecast : -

Published Value 0.40%

14:00:11

The monthly rate of the UK's retail price index for August

Previous : 0.40% Forecast : 0.50%

美元

英镑金银

Published Value 0.40%

14:00:11

The year-on-year rate of the UK's retail price index in August

Previous : 4.80% Forecast : 4.70%

美元

英镑金银

Published Value 4.60%

14:00:08

The UK's retail price index for August

Previous : 406.20 Forecast : -

Published Value 407.70

14:00:06

The UK's CPI monthly rate for August

Previous : 0.10% Forecast : 0.30%

Neutral

Published Value 0.30%

14:00:06

The annual rate of core CPI in the UK for August

Previous : 3.80% Forecast : 3.60%

Neutral

Published Value 3.60%

14:00:06

The monthly rate of core CPI in the UK for August

Previous : 0.20% Forecast : 0.30%

Neutral

Published Value 0.30%

14:00:05

The year-on-year rate of CPI in the UK in August

Previous : 3.80% Forecast : 3.80%

Neutral

Published Value 3.80%

13:59:22

[Preview of the Fed's decision: If the interest rate is only cut by 25 basis points, the US dollar may rebound] According to foreign media analysis reports, the US dollar index is currently hovering near a 41-month low, the S&P 500 and Nasdaq indexes are both at record highs, and US Treasury yields are close to the April low. Market pricing fully reflects the expectation of a 25 basis point interest rate cut by the Fed. In the context of dovish expectations and the continued decline of the US dollar, if the Fed only implements the expected 25 basis point interest rate cut, there is likely to be a "buy expectations and sell facts" reaction. The US dollar seems to be expected to rebound, and the US stock market may face profit-taking. To maintain the decline of the US dollar and the rise of US assets, a 50 basis point interest rate cut and the recognition of the expectation of large-scale easing by Fed Chairman Powell may be required. Although the market believes that the probability of a 50 basis point interest rate cut is only 3%, this possibility cannot be ruled out: the record downward revision of US employment data may force the Fed to take action.

13:59:03

ECB Vice President Guindos: Current interest rates are appropriate

13:58:26

BMW will start mass production of the iX3 at its new plant in Debrecen, Hungary next month. On September 17, the BMW Group announced that it will start mass production of the iX3 electric vehicle at its new plant in Debrecen, Hungary, in late October. BMW said the production capacity of the new model will be gradually increased in stages after it goes into production, with the first car expected to roll off the assembly line at the end of 2025 and go on sale in the European market in March 2026.

13:58:15

[South Korean Minister of Industry: Follow-up consultations on tariffs between South Korea and the United States are in a stalemate] On September 17, it was reported that South Korean Minister of Trade, Industry and Energy Kim Jong-kwan said on the 16th that the follow-up consultations on tariffs between South Korea and the United States have entered a stalemate, with repeated deadlocks, but the negotiations continue to advance and both sides strive to achieve a win-win situation.

13:57:22

[Zelensky: Ukraine is ready for a ceasefire] Zelensky said in an interview with British Sky News: "We hope that (US President Donald) Trump can reach an agreement on a ceasefire. We are ready for a ceasefire."

13:54:26

[EU to Take Pressure Measures on Israel] EU High Representative for Foreign Affairs and Security Policy Kaya Kallas said on the 16th that the European Commission will announce measures against Israel on the 17th, including the suspension of trade preferences, to pressure it to end the Gaza conflict. Kallas wrote on social media that Israel's ground offensive in the Gaza Strip will further exacerbate the already serious situation because it means "more deaths, more destruction, and more displacement." The European Commission will announce pressure measures against Israel on the 17th, including the suspension of trade preferences and sanctions on extremist Israeli ministers and violent settlers. These measures "will clearly demonstrate the EU's demand for an end to this war." (Xinhua News Agency)

13:51:28

[John Lee: Hong Kong launches a combination of measures to encourage childbirth] Hong Kong Chief Executive John Lee delivered a new policy address in the Legislative Council of the Hong Kong Special Administrative Region today (17th). John Lee said that the Hong Kong Special Administrative Region Government will further launch a combination of measures to encourage childbirth, including: (1) Extending the period for newborn children to enjoy additional tax exemptions from one year to two years. From the 2026/2027 tax year, taxpayers can enjoy double tax exemptions (i.e. HK$260,000) for each child in the first two years after the birth of the child. The measure applies to all children under the age of two at the end of the tax year. (2) Further strengthening daytime care for infants and young children. In the next three years, 15 new subsidized child care centers will be added, providing a total of about 1,500 daytime care service places for children aged 0 to 3 years old, nearly doubling the current scale. The Social Welfare Department will also appropriately allocate more service places to care for infants and young children aged 0 to 2 years old. (3) In terms of after-school care services, the "After-school Care Service Program" will be expanded this academic year. There will no longer be a cap on the number of places, making it more convenient for parents who work away from home to take care of their children.

13:48:24

Inflation warning! CPI may explode, shattering the Bank of England's interest rate cut dream? Details>

13:48:18

[European diplomatic source: We will not negotiate on behalf of the Ukrainians] A European diplomatic source stated that Europe will not negotiate on behalf of the Ukrainians to resolve the Ukrainian conflict. "We want a ceasefire and genuine negotiations between the parties, but we will not negotiate on behalf of the Ukrainians," the source said. "The coalition of the willing was not established to pose a threat to Russia. It is a security and warning mechanism designed to help Ukraine," the source added.

13:45:51

South Korean regulator rejects all four online banks' applications

13:45:35

Cracks in the American Dream: Poor wages stagnate while the rich revel Details>

13:45:15

[US immigration raids heighten tensions, South Korea-US trade talks hit a stalemate] South Korea's top trade negotiator continued negotiations in Washington this week on a $350 billion investment commitment after US immigration authorities raided a Georgia electric vehicle battery plant jointly built by Hyundai Motor and LG Energy Solutions. The unprecedented action has heightened tensions and sparked a debate in Seoul over whether the investment is worth pursuing. The two sides are working hard to push for the final implementation of the agreement reached in July, but they must first resolve the impact of the immigration raids. After more than 300 South Korean workers were briefly detained in the operation, South Korean Minister of Trade, Industry and Energy Kim Jong-kwan held talks with U.S. Trade Representative Greer on Tuesday. This was another emergency consultation following last week's meeting between South Korean Industry Minister Kim Young-man and U.S. Commerce Secretary Lutnick. Kim Jong-kwan admitted that he had doubts about the value of the investment commitments and acknowledged that the outcome of the trade negotiations would determine the future relationship between Seoul and Washington.

13:44:42

Yonhap News Agency: US envoy says South Korean and US leaders will meet during APEC

13:44:29

USD/CAD strengthened to 1.3750 as investors focused on the US and Canadian central bank interest rate decisions Details>

13:44:18

A chart summarizing the views of futures companies: September 17 nonferrous metals (copper, zinc, aluminum, nickel, tin, etc.) Details>

13:43:20

SEBI plans to allow banks and pension funds to trade commodities

13:42:00

[CATL's Zeng Yuqun: The actual operating life of some energy storage projects is less than 25% of the promised time] The 2025 World Energy Storage Conference was held in Ningde on September 17. At the opening ceremony of the conference, Zeng Yuqun, Chairman of CATL, pointed out that the current development of the energy storage industry still faces challenges, including false product parameter labeling and false advertising. Many companies have not focused on R&D, but have been fussing about product parameters and making arbitrary decisions about warranty life. Judging from the results of commissioning, the actual operating life of some projects is far less than promised, even less than 1/4 of the promised time, or 25%.

13:40:39

Gold prices remain high ahead of the Fed's interest rate decision Details>

13:40:18

Sri Lankan President: GDP growth rate is expected to reach 5% in 2025.

13:39:29

[The Fed's rate cut is seen as good news for U.S. Treasury bond holders] Harley Bradley of Insight Investment said in a report that a rate cut environment could be good news for investors who invest in U.S. bonds through a globally diversified fixed-income portfolio. The co-head of global interest rates said the Fed is expected to cut interest rates on Wednesday (2:00 a.m. Beijing time Thursday), although tariffs may still lead to higher inflation. He said that given the relatively stubborn inflation in the United States, the market will pay close attention to the Fed's latest "dot plot" forecast for rate cuts after September. "We believe that while inflation may complicate the outcome, we believe the central bank will be prepared to 'ignore' above-target inflation to protect the labor market."

13:36:28

USD/JPY continued to fall as the market focused on the US-Japan policy divergence and the FOMC decision. Details>

13:35:40

[CATL Zeng Yuqun: China has become the world's largest energy storage market and has the most advanced industrial chain] The 2025 World Energy Storage Conference was held in Ningde. Zeng Yuqun, Chairman of CATL, pointed out at the opening ceremony of the conference that in the past five years, under the guidance of the "dual carbon" strategic goals, China has introduced many energy storage policies, from forward-looking layout guidance, to phased and precise policy implementation, to coordinated promotion by the central and local governments, which has promoted China's energy storage industry from small-scale scientific research demonstration to large-scale industrialization. China has become the world's largest energy storage market. China currently has the world's most complete and largest energy storage technology, and the most advanced energy storage industry chain; the shipments of energy storage batteries and systems account for 90% and more than 70% of the global market respectively. Document No. 136 issued at the beginning of this year marks that China's energy storage industry has entered a new stage of global marketization.

13:33:59

[John Lee: Hong Kong will implement an annual review of the minimum wage] Hong Kong Chief Executive John Lee delivered a new policy address in the Legislative Council of the Hong Kong Special Administrative Region today (17th). John Lee said that the SAR government has agreed to the Minimum Wage Committee's proposal to adopt a new "formula" mechanism to implement an "annual review" of the statutory minimum wage. The first statutory minimum wage level derived from the new mechanism is expected to take effect on May 1, 2026.

13:32:24

According to a report by Japan's Asahi Shimbun, citing government sources, the Japanese government plans to postpone recognizing the State of Palestine, primarily out of consideration for Japan-US relations. The US has previously stated that recognizing a Palestinian state would be "counterproductive and unwise."

13:30:11

[Huawei's three flagship mobile phones have been reduced in price] On September 17, Huawei Mall showed that Huawei Mate X6, Pura 80 series, and Mate 70 series have started price reductions. Among them, Huawei Mate X6 has a maximum price reduction of 2,000 yuan, Pura 80 series has a maximum price reduction of 1,500 yuan, and Mate 70 series has a maximum price reduction of 1,000 yuan.

13:27:56

According to Russian News Agency: The fire at the fuel storage facility of the Zaporizhia Nuclear Power Plant was caused by Ukrainian shelling and has now been extinguished. The fire did not spread to the fuel tanks.

13:26:17

[Analysis: Powell may face opposition from two sides] Analysts believe that if the Federal Reserve decides to cut interest rates by 0.25 percentage points as expected, Powell may face opposition from two sides. One side is officials nominated by Trump, including Milan, who say that a tighter policy may unnecessarily slow down the economy; the other side is regional Federal Reserve presidents, who are uneasy about stimulating the economy when inflation is higher than the Fed's target and sticky.

13:22:22

South Korea will decide on dividend income tax issues after parliamentary discussions.

13:20:26

[Japan's benchmark land prices have risen for four consecutive years] The benchmark land prices for 2025 announced by the Ministry of Land, Infrastructure, Transport and Tourism of Japan on the 16th showed that the national average increase for all uses, including residential land and commercial land, was 1.5%, an increase for four consecutive years. The Tokyo metropolitan area, with the inflow of overseas investment funds, has played a pulling role. Against the backdrop of the slow recovery of the domestic economy accompanied by inflation, land prices are also maintaining an upward trend. The place with the highest land prices in Japan has been the "Meiji-ya Ginza Building" in Ginza 2-chome, Tokyo for 20 consecutive years. 46.9 million yen per square meter (about 2.28 million yuan), an increase of 11.4% over the previous year. The increase in 2024 is 5.0%. The increase in Akasaka 1-chome, the most expensive residential land, expanded from 6.1% to 15.6%.

13:18:35

Shanghai: Four Warnings in High Temperature (Orange), Heavy Rain (Blue), Thunderbolt (Yellow), and Gale (Yellow) Valid: At 12:58 PM on September 17th, the Shanghai Meteorological Observatory updated the high temperature warning from a yellow to an orange warning. High temperatures are expected to exceed 37°C in Minhang, the central urban area, and Pudong today. The yellow warning has been updated to an orange warning. Please be vigilant against the adverse effects of high temperatures on industrial and agricultural production and human health, and ensure safety in production, firefighting, and electricity use. The Shanghai Meteorological Observatory issued a blue warning for heavy rain at 12:49 PM. Short-term heavy rainfall exceeding 35 mm per hour is expected in most areas of the city over the next 12 hours. Please be vigilant against urban waterlogging caused by heavy rainfall, and ensure drainage and flood control measures in low-lying and flood-prone areas. The Municipal Flood Control Headquarters has simultaneously activated a Level IV flood and typhoon response citywide. Currently, Shanghai is in high temperature (Orange), heavy rain (Blue), thunderbolt (Yellow), and gleam (Yellow). Please take precautions.

13:18:12

CICC Raises Shangmei Shares' Target Price to HK$111, Maintains "Outperform" Rating] CICC issued a report raising Shangmei Shares' target price by 5% to HK$111, maintaining its "Outperform" rating. The bank believes the growth of new brands will boost its medium- to long-term potential. The bank notes that the company's core brand, Hansu, has been successfully expanding its product categories and broadening its reach. Since mid-year, several smaller brands have seen rapid growth, gradually realizing the logic of a multi-brand group. In the long term, its talent and organizational structure provide the foundational support for building a platform-based cosmetics group.

13:17:02

[John Lee: Hong Kong will launch a blueprint for the development of Chinese medicine] Hong Kong Chief Executive John Lee delivered a new policy address in the Legislative Council of the Hong Kong Special Administrative Region today (17th). John Lee said that the permanent buildings of the Hong Kong Chinese Medicine Hospital and the Government Chinese Medicine Testing Center will be put into service in phases from December this year. The SAR government will intensify its efforts to promote the development of Chinese medicine in Hong Kong and help the country promote the internationalization of Chinese medicine, including: (1) Announce the "Blueprint for the Development of Chinese Medicine" before the end of the year, covering the construction of a governance structure and service system, leveraging advantages and promoting collaboration between Chinese and Western medicine, promoting scientific research innovation and cultural heritage, etc. (2) The Hong Kong Chinese Medicine Hospital will launch a number of Chinese medicine specialty services in the first year, including common diseases of the elderly (such as degenerative diseases and post-stroke rehabilitation). (3) Promote the Chinese medicine industry to share electronic health records through the Medical Health Link, and further expand the scope of information that can be shared between Chinese and Western medicine through the Medical Health Link. (4) Promote the development of collaborative services between Chinese and Western medicine, expand the Hospital Authority's "Knee Osteoarthritis Treatment" project to all hospital networks, and launch a "Palliative Care" pilot project.

13:16:41

[Russian experts: The annual gas supply of the "Power of Siberia" pipeline can be increased to 44 billion cubic meters in two to three years] Maria Belova, research director of the Implemente consulting company, said that the gas supply of the "Power of Siberia" natural gas pipeline can be increased from 38 billion cubic meters to 44 billion cubic meters in two to three years, that is, the growth will be realized during the period of 2027-2028. At the same time, the gas supply of the "Far East" line may be increased when it is opened in 2027.

13:16:08

The Nikkei 225 index just broke through the 44800.00 mark and was last at 44798.48, down 0.23% on the day.

13:15:00

【Technical Analysis: Spot gold may fall back to the $3624-3653 range】 1. Spot gold may retreat to the $3624-3653 range per ounce as it has failed to break through the $3701 resistance level. 2. Gold prices appear to have lost momentum around this resistance level. Considering that the five-wave cycle that started around $3324 is about to end, gold prices may see a sharp correction. 3. The hourly RSI indicator even showed a five-wave cycle, which confirms that the upward trend is very weak. However, breaking through $3701 will push the price up to $3779. On the hourly chart, the bearish divergence of the RSI also indicates a considerable correction, which seems to be triggered by the $3705 resistance level. The correction may be located at the bottom of the (4) wave around $3630.

13:14:51

Ukrainian President Zelensky: Ukraine no longer sends soldiers abroad for training. Instead, it is inviting soldiers from other countries to come to Ukraine for training.

13:13:09

[JPMorgan Chase: Raised target price for Ali Health's revenue and adjusted earnings forecasts to HK$6.5] JPMorgan Chase issued a report stating that the bank raised its revenue forecast for Ali Health for the current fiscal year and the next fiscal year by 4% each, reflecting the synergy with Taobao Express in user traffic and overall total transaction volume, and raised its adjusted earnings per share forecast for the current fiscal year and the next fiscal year by 3% and 4% respectively, reflecting that the marketing savings brought by Taobao's high subsidies to Express E-commerce were partially offset by the investment caused by business collaboration. The target price was raised from HK$5 to HK$6.5, equivalent to a forecast price-to-sales ratio of 2.5 times for the current fiscal year, and the "neutral" rating was maintained.

13:11:49

Berenberg downgraded Eli Lilly and Company from "buy" to "hold" and lowered its price target to $830 from $970.

13:11:12

Li Xiang, CEO of Ideal Auto, posted on social media that there are no small orders for the Ideal i6 and delivery will begin at the end of September.

13:10:01

[Japan Releases Duty-Free Imported Rice Early to Stabilize Rice Prices] Due to high rice prices, the Japanese government released duty-free imported rice to the market early this year to stabilize prices. However, Japanese media believe this move is unlikely to be effective. The Japan Broadcasting Association reported on September 16, citing the Ministry of Agriculture, Forestry and Fisheries, that the Japanese government began delivering zero-duty imported staple rice to rice wholesalers last week, approximately three months earlier than usual. According to the Japan Broadcasting Association, despite the increase in imported rice, overall rice prices are likely to rise further due to the already rising prices of domestic rice. (Xinhua News Agency)

13:09:13

India's Steel Minister: The government is expected to make a tariff decision based on the proposed tariff rate and plans to invest 50 billion rupees in steel production and emission reduction

13:04:29

Indian steel officials: Cheap imports pose a problem

13:03:12

[Deutsche Bank: Maintain NIO's buy rating, the new ES8 is officially launched and deliveries are expected to accelerate] Deutsche Bank expects that NIO (NIO.N) will see an acceleration in weekly deliveries after the final pricing of the new ES8 SUV is announced on September 20. Analyst Bin Wang predicts that the actual selling price of the ES8 will be RMB 7,000-17,000 lower than the pre-sale price. The company's guidance shows that the production capacity of this model can reach 10,000 units in October and will increase to 15,000 units in December. Wang pointed out that thanks to the newly launched Ledao L90 pure electric SUV, NIO's sales in the second week of September increased by 36% year-on-year. As battery supply improves, Ledao brand sales are expected to grow further. Wang added that weekly deliveries are expected to increase significantly as some potential consumers postpone their purchase decisions while waiting for the final pricing of the ES8. Deutsche Bank maintained a "buy" rating on the stock.

13:02:16

[Foreign investors in US assets are eager to hedge against dollar volatility risks] According to the Financial Times, foreign investors in US assets are rushing to hedge their dollar exposure. This is a sign of growing concern about the impact of Trump's policy agenda on the world's leading currency. Deutsche Bank's analysis shows that since Trump was elected last November, the scale of US bond and stock investments that have been hedged for foreign exchange risks has exceeded unhedged positions, the first time in four years. "Foreigners may have resumed buying US assets, but they don't want to take on exchange rate risk at the same time," said Deutsche Bank strategist George Saravelos. He added that these investors "are withdrawing their dollar exposure at an unprecedented rate." This behavior helps explain an apparent contradiction in the US market since Trump's "Liberation Day" tariff announcement in April triggered a sharp sell-off: why Wall Street stocks have achieved a spectacular rebound, but the dollar has not rebounded.

13:01:30

An Indian steel ministry official said: "The direct impact of US tariffs on steel is not significant, but the US may have some indirect impact on steel products. India's growth is sufficient for steel producers to expand production capacity."

13:01:08

An Indian steel ministry official said: "The cost of hydrogen is not yet commercially viable. Our goal is to use more renewable energy to reduce emissions by 2030. We are considering a proposal to incentivize the production of green steel. In the medium term, around 2045 to 2047, we expect the use of hydrogen to become commercially viable."

13:00:06

The SME board index opened at 14,315.30 points in the afternoon, up 0.64%; the Shanghai Composite Index opened at 3,878.13 points in the afternoon, up 0.42%; the CSI 300 Index opened at 4,551.32 points in the afternoon, up 0.62%; the Shenzhen Component Index opened at 13,201.14 points in the afternoon, up 1.05%; the ChiNext Index opened at 3,141.84 points in the afternoon, up 1.78%.

12:11:41

The Nikkei 225 index just broke through the 44900.00 mark and was last at 44897.70, down 0.01% on the day.

12:06:59

Gold prices fell back after hitting a new high. Can the upward trend continue after the Fed’s decision? Details>

12:03:48

[John Lee: Hong Kong has reserved HK$1 billion to establish the "Hong Kong Artificial Intelligence Research Institute" next year] On September 17, the Chief Executive of the Hong Kong Special Administrative Region, John Lee, delivered a new policy address, pointing out that the development of the AI and data science industries will be promoted. He pointed out that the government had earlier announced the launch of a HK$3 billion "Frontier Technology Research Support Program", which will accept applications in the short term to support local subsidized institutions in attracting top international scientific research figures in AI and other fields to Hong Kong to lead basic research in cutting-edge technology. In addition, the government has also reserved HK$1 billion to establish the "Hong Kong Artificial Intelligence Research Institute" in 2026 to promote AI upstream research and development, mid- and downstream results transformation, and the development of application scenarios. Hong Kong Investment Management Co., Ltd. (HKIC), as a patient capital institution wholly owned by the government, has invested in a number of AI companies including AI large language models, cloud computing, and AI drug development, and will continue to invest in the AI industry in the future.

12:03:22

Hong Kong Chief Executive John Lee: Promote Hong Kong to become an international gold trading market; expand gold storage, aiming to exceed 2,000 tons in three years to build a regional gold reserve hub, enrich gold investment tools, and assist issuers in issuing gold funds and tokenized gold investment products.

12:00:37

Hong Kong Chief Executive John Lee: Promoting Hong Kong to become an international gold trading market

12:00:27

Hong Kong Chief Executive John Lee: Hong Kong is exploring ways to shorten the stock settlement cycle to T+1

11:59:58

Hong Kong Chief Executive John Lee: Assist mainland technology companies to raise funds in Hong Kong and encourage more overseas companies to list secondarily in Hong Kong; assist Chinese concept stocks to choose Hong Kong as their preferred destination for return; and promote the inclusion of Hong Kong stock RMB trading counters in southbound trading under the "Stock Connect" program.

11:59:13

[John Lee: Hong Kong will cooperate with exchanges in the Greater Bay Area to develop new businesses such as commodity trading and carbon trading] On September 17, the Chief Executive of the Hong Kong Special Administrative Region, John Lee, delivered the 2025 Policy Address in the Legislative Council. John Lee said that Hong Kong will cooperate with exchanges in the Greater Bay Area to develop new businesses such as commodity trading and carbon trading. The Hong Kong Stock Exchange is the controlling shareholder of the Qianhai United Trading Center and will continue to strengthen cooperation between the two places and develop the offshore soybean spot market. The Hong Kong Stock Exchange's carbon market CoreClimate will also conduct research and trials on cross-border transaction settlement with the Greater Bay Area pilot carbon market.

11:58:34

[John Lee: The HKMA will establish a new RMB funding arrangement] Hong Kong Chief Executive John Lee delivered a new policy address in the Legislative Council of the Hong Kong Special Administrative Region today (17th). John Lee stated that the HKMA will establish a new RMB funding arrangement. (Voice of the Greater Bay Area)

11:55:11

[Demand for Japan's 20-year government bonds hits strongest subscription since 2020] Japan's 20-year government bonds issued on Wednesday recorded the strongest subscription demand since 2020. Despite the uncertainty in Japan's domestic politics, higher yields still attracted investors. The average bid-to-cover ratio for this auction reached 4.0, higher than the 3.09 in the previous issuance in August and higher than the average level of 3.2 in the past 12 months. This bond issuance is the first test of demand for ultra-long-term bonds since Japanese Prime Minister Shigeru Ishiba announced his resignation. His resignation paves the way for successors who may support more expansionary fiscal policies. The leadership change has cast a shadow over the prospects for the Bank of Japan's next interest rate hike and suppressed bond market investor sentiment. Although the spread between 5-year and 20-year government bonds has narrowed recently, Japan's yield curve remains the steepest among major developed markets, pushing up borrowing costs for the Japanese government, which already has the highest debt level among major economies.

11:53:34

Hong Kong Chief Executive John Lee: To attract more mainland companies to set up treasury centers in Hong Kong, and to complete the study and optimization of tax relief measures in the first half of 2026

11:53:24

Hong Kong Chief Executive John Lee: The HKMA will encourage the banking industry, especially mainland banks, to set up regional headquarters in Hong Kong to expand into markets in Southeast Asia and the Middle East.

11:50:03

[John Lee: Promote the realization of cross-border flow of data from the Mainland to the Hetao Hong Kong Park] Hong Kong Chief Executive John Lee delivered a new policy address in the Legislative Council of the Hong Kong Special Administrative Region today (17th). John Lee said that Hong Kong will give full play to the advantages of "one country, two systems" to promote the early realization of cross-border flow of data from the Mainland to the Hetao Hong Kong Park for scientific research under compliance and security guarantees, to help AI application testing and innovation. In addition, following the establishment of the Artificial Intelligence Supercomputing Center in Cyberport and the launch of the "Artificial Intelligence Funding Program" by the SAR government, approximately 10 hectares of data park development land in Shaling, North District will be put on the market for bidding this year to provide advanced computing facilities and promote the development of data and AI-related industries. (Voice of the Greater Bay Area)

11:49:38

Goldman Sachs raises Alibaba's target price to HK$174, optimistic about the compound growth potential driven by cloud AI. Goldman Sachs raised Alibaba's (09988.HK) cloud valuation from US$36 to US$43 per ADS. Based on its assumption of cloud growth in the second to fourth quarters of fiscal 2026, it raised it to a year-on-year increase of 30% to 32% (originally 28% to 30%). Accordingly, it raised Alibaba's SOTP (segmental valuation method) 12-month target price from US$163 to US$179 for US stocks and from HK$158 to HK$174 for Hong Kong stocks. The bank maintains a "buy" rating. Goldman Sachs believes that the multi-chip strategy of China's cloud hyperscalers has updated the narrative of China's AI cloud industry (no longer relying solely on overseas chip supply), bringing compound growth potential to the industry, which supports the bank's recent upgrade of its preference for the cloud and data center sub-sectors. It also predicts that China's cloud service providers' (CSP) capital expenditure will increase by 39% year-on-year in the third quarter of 2025, which may promote the continued growth of AI cloud revenue.

11:49:18

Hong Kong to establish a special task force for mainland enterprises to expand overseas: Hong Kong Chief Executive John Lee delivered a new policy address today (17th) at the Legislative Council of the Hong Kong Special Administrative Region. John Lee stated that Hong Kong will leverage its own advantages to contribute to the country. John Lee pointed out that the pace of mainland enterprises' expansion overseas has significantly accelerated, and the SAR government will integrate mainland offices to establish a "special task force for mainland enterprises to expand overseas."

11:45:54

Thailand's benchmark stock index ended its eight-day winning streak and was last at 1306.46 points, down slightly.

11:44:23

John Lee: The SAR Government will establish the "Hong Kong Drug and Medical Device Supervision and Administration Centre" within 2026. Hong Kong Chief Executive John Lee delivered a new Policy Address today (17th) at the Legislative Council of the Hong Kong SAR. John Lee stated that the SAR Government will establish the "Hong Kong Drug and Medical Device Supervision and Administration Centre" within 2026 and submit legislative proposals for regulating medical devices, aiming to become an internationally recognized authority for drug and medical device regulation as soon as possible. The SAR Government will expedite the "1+" new drug approval mechanism, piloting a program to prioritize innovative drugs that treat serious or rare diseases recommended by the Hospital Authority (HA), helping pharmaceutical companies bring innovative drugs to market faster. The SAR Government will also promote the standardization of clinical data within the Greater Bay Area and build a real-world data platform to help pharmaceutical companies more quickly bring innovative drugs to the mainland and international markets.

11:43:23

Venezuelan President: US Military Threats Against Venezuela Are an International Issue. On September 16th, local time, Venezuela officially established the National Sovereignty and Peace Council. The council, composed of representatives from various sectors of the nation and a parliamentary board, has established diplomatic, legal, and political working groups and regional branches across the country to safeguard national sovereignty through diplomatic and legal channels. At the inauguration ceremony, President Maduro stated that the US military's threats of war against Venezuela in the Caribbean are aimed at seeking "regime change" in Venezuela, installing a "puppet government" that serves US interests, and seizing Venezuela's abundant energy reserves. This is not a national issue, but an international one. Maduro emphasized that the United States is waging a "multifaceted war" against Venezuela in an "immoral manner," and that Venezuela will exercise all its legal rights within the principles of the UN Charter and demand an immediate end to its aggression and lies.

11:40:08

GBP/USD fell back to 1.3640, with the market focusing on the latest economic data from the US and UK and the Fed's policy. Details>

11:38:53

Japan's 20-year government bond auction had a bid-to-cover ratio of 4.00, the highest since May 2020

11:38:04

[John Lee: Hong Kong will accelerate the development of the Hetao District] Hong Kong Chief Executive John Lee delivered a new policy address in the Legislative Council of the Hong Kong Special Administrative Region today (17th). John Lee said that the development of the Hetao District will be accelerated, and the five buildings will be put into use in succession from 2027. The "construction and occupation" model will be considered.

11:36:36

[Employee Medical Insurance Personal Account Balances Can Be Transferred] Personal medical insurance accounts can be used not only for personal use but also for family members. Insured individuals can use the medical insurance wallet transfer function to transfer funds from their personal medical insurance accounts to the medical insurance wallets of close relatives for use in medical treatment and drug purchases, enabling mutual use of personal medical insurance accounts among close relatives (including across provinces). (CCTV News)

11:36:04

A-Share Midday Market Review: ChiNext Index Rises 1.74% in Half-Day, with Lithography and Diversified Financial Sectors Gaining Significantly. The three major indices rose in the morning session. By midday, the Shanghai Composite Index rose 0.41%, the Shenzhen Component Index rose 1.02%, the ChiNext Index rose 1.74%, and the Beijing Stock Exchange 50 Index fell 0.1%. The three stock exchanges in Shanghai, Shenzhen, and Beijing had a half-day trading volume of 1.5619 trillion yuan, a 63.8 billion yuan increase from the previous day. Over 2,900 stocks rose across the board. Lithography, diversified financial, foldable screen, robotics, and battery sectors led the gains. Precious metals, cinema chains, liquor, and pork stocks led the declines. Lithography-related stocks surged in early trading, with Wavelength Optoelectronics, Yongxin Optics, and Kaimet Gas hitting their daily limit. Robotics-related stocks continued to be active, with Wanxiang Qianchao hitting its third consecutive limit-up and Joyson Electronics hitting its second consecutive limit-up. Haowen Automotive and Yian Technology also saw significant gains. The battery sector saw unusual intraday gains, with both CATL's A-shares and H-shares hitting record highs. In addition, the securities and diversified financial sectors all saw some intraday fluctuations. Meanwhile, gold stocks mostly adjusted, with Western Gold falling over 4%, and many other stocks, including Chifeng Gold, Hunan Gold, and Xiaocheng Technology, also saw declines.

11:32:34

[Bank of America Securities: Indonesia accelerates fiscal measures to support economic growth] Bank of America Securities said that if Indonesia's recent fiscal measures can be effectively implemented, it may raise its forecast for Indonesia's economic growth. Currently, Bank of America Securities expects Indonesia's economic growth rate to be 5% in 2025 and 5.2% in 2026. Economists Kai Wei Ang and Rahul Bajoria said in a report that a special ministerial team is accelerating the implementation of flagship projects while launching fiscal measures worth 16 trillion rupiah in the fourth quarter to support low-income households, gig economy workers and the tourism industry. The Ministry of Finance has allocated 200 trillion rupiah in excess cash to five state-owned banks. Combined with the Indonesian central bank's interest rate cuts, this may reduce loan interest rates, but as businesses remain cautious, overall loan growth may take some time to improve. They added that plans to establish a separate tax agency are moving forward and fiscal legislation may be updated next year, which makes investors and credit rating agencies closely watch fiscal developments.

11:31:07

The Shanghai Composite Index closed at 3877.55 points in the morning, up 0.41%; the CSI 300 Index closed at 4550.58 points in the morning, up 0.60%; the Shenzhen Component Index closed at 13197.01 points in the morning, up 1.02%; the ChiNext Index closed at 3140.76 points in the morning, up 1.74%; the SME Board Index closed at 14311.80 points in the morning, up 0.61%.

11:30:16

The Nikkei 225 index opened at 44,950.86 points at noon, up 0.11%.

11:29:32

[The US Dollar Continues to Under Pressure on Rate Cut Expectations, with Markets Focusing on Powell's Speech] 1. The US dollar rebounded modestly by 0.1% in Asian trading on Wednesday, but remained weak, hovering at a four-year low against the euro and briefly falling to a one-month low against the yen. Traders widely expect the Federal Reserve to announce a rate cut later in the day, and market attention has shifted to Chairman Powell's post-meeting remarks to gauge the future path of monetary policy. Markets currently expect a cumulative rate cut of nearly 68 basis points by year-end. 2. With the Trump administration's continued pressure on the Federal Reserve, raising concerns about its independence, the tone of the policy statement and Powell's speech are crucial. An unexpected 50 basis point rate cut or a clearly dovish signal could further weaken the dollar. Conversely, a more hawkish stance could trigger a rebound. The US dollar index is currently trading around 96.71, close to its lowest level since July. 3. ING economists note that the real market influence may lie in the unexpectedly strong policy intensity or the direction of Powell's speech. They believe that "even if the interest rate is only cut by 25 basis points, if it is combined with dovish guidance, the dollar's weakening trend may continue." In addition, personnel changes and political pressure within the Federal Reserve also add uncertainty to this meeting. 4. The market is also paying attention to the Bank of Japan's interest rate decision on Friday, which is expected to keep the interest rate unchanged. With the October Liberal Democratic Party presidential election approaching, the possibility of policy changes is low. Analysts generally believe that the Bank of Japan's next interest rate hike is more likely to occur in early 2026.

11:29:29

[China Association of Automobile Manufacturers: Domestic sales of new energy vehicles reached 1.171 million units in August, an increase of 18.3% year-on-year] According to the analysis of the China Association of Automobile Manufacturers, in August, the production and sales of new energy vehicles increased both month-on-month and year-on-year, with growth rates of more than 25%, showing a rapid growth trend. In August, the production and sales of new energy vehicles reached 1.391 million units and 1.395 million units respectively, up 27.4% and 26.8% year-on-year respectively. From January to August, the production and sales of new energy vehicles reached 9.625 million units and 9.62 million units respectively, up 37.3% and 36.7% year-on-year respectively. In August, domestic sales of new energy vehicles reached 1.171 million units, up 13% month-on-month and up 18.3% year-on-year. From January to August, domestic sales of new energy vehicles reached 8.088 million units, up 30.1% year-on-year. In August, 224,000 new energy vehicles were exported, down 0.6% month-on-month and up 100% year-on-year. From January to August, 1.532 million new energy vehicles were exported, up 87.3% year-on-year

11:25:49

[Japanese automakers pledge to maintain wage growth momentum] Japanese automakers said they will work hard to maintain a virtuous cycle of wage growth. The recent trade agreement with the United States has enabled the industry to avoid the "catastrophic" impact of the Trump administration's tariff policy. Masanori Katayama, president of the Japan Automobile Manufacturers Association, said: "The Japanese auto industry, including automakers, will continue to enhance industrial competitiveness, safeguard employment, and make every effort to ensure that the virtuous cycle of wage growth continues." He made the above statement during a meeting with Japan's chief trade negotiator Ryomasa Akasawa on Wednesday. Ryomasa Akasawa presided over the trade agreement negotiations with the United States on July 22. According to the agreement, the U.S. tariff on Japanese cars was reduced from 27.5% to 15% on Tuesday, bringing a respite to the auto industry, which is still the mainstay of Japan's economy.

11:22:25

The Shenzhen Component Index just broke through the 13200.00 mark and is currently at 13200.23, up 1.04% on the day.

11:20:30

[Baidu's stock price saw the biggest increase in two years, and its self-developed chip business was optimistic about institutions] Baidu (09888.HK) Hong Kong stocks soared 15% at one point during the session, the biggest increase since March 2023, and the stock price rose to the highest level since October 2023. Previously, Arete Research Services LLP upgraded Baidu's American Depositary Receipts (ADRs) from "sell" to "buy" - the agency has held the only sell rating on Baidu since the downgrade in May last year. As the market's optimism about its business strategy heats up, the stock price of China's largest search engine operator has risen by more than 45% this month, leading the industry index. After early disappointments, analysts are gradually turning to a positive view of the company's artificial intelligence plans. Arete analysts Shawn Yang and Richard Kramer believe that the growth potential of Baidu's chip business is expected to completely offset the drag from its troubled online advertising business.

11:19:11

AUD/USD edged lower, but a breakout above key resistance may require dovish signals from the Fed. 1. On Wednesday, AUD/USD fell 0.1% to trade around 0.6678, failing to break through the 0.6685-90 resistance zone for the second time in recent days. A breakout above the November 7 high of 0.6687 is needed to ignite bullish sentiment and unlock further upside potential. 2. Market focus is on the outcome of the Federal Reserve (FOMC) meeting, to be released at 2:00 a.m. Beijing time on Thursday. While a 25 basis point rate cut is widely expected, a more dovish policy statement or from Chairman Powell could be key to a breakout for the Australian dollar. Recent pressure from the Trump administration on Fed policy has increased the likelihood of a larger rate cut or stronger easing guidance. 3. Regarding economic data, Australia will release its August employment report on Thursday. The survey shows that the market expects employment to increase by 21,000 and the unemployment rate to remain at 4.2%. 4. During the Asian trading session, AUD/USD traded in a range of 0.6672-90. The lower support is at 0.6415 and 0.6373, and the upper resistance is at 0.6690 and 0.69435

11:17:16

[The Ministry of Industry and Information Technology is recruiting organizations to promote the "one-stop" application plan for key products and processes in 2025] The Ministry of Industry and Information Technology issued a notice on recruiting organizations to promote the "one-stop" application plan for key products and processes in 2025. In accordance with the work arrangements for the 2025 Industrial Base Reconstruction Project, the Ministry of Industry and Information Technology is organizing the recruitment of organizations to promote the "one-stop" application plan for key products and processes in 2025 in order to accelerate the promotion and application of independent innovative basic products and processes and strive to solve the problem of "not easy to use or not daring to use". The main goal is to promote the promotion and application of independent innovative basic products and processes, focusing on 116 key directions such as high-performance integrated electric joint modules, and adopting the "reveal the list and take charge" model. The promotion organization organizes participating units from upstream, midstream and downstream of the industrial chain, and from various links of production, education, research and application to jointly promote the technological innovation and application of products and processes in the above directions, and promote the formation of an industrial chain collaborative innovation pattern with interactive development of complete machines and basic products, and mutual integration and symbiosis of upstream, midstream and downstream.

11:16:27

[Dollar Rebound Imminent, Barring a Surprise 50 Basis Point Fed Rate Cut] 1. Market analysis suggests that unless the Federal Reserve unexpectedly announces a 50 basis point rate cut on Wednesday and sends a strongly dovish signal, the dollar is likely to rebound, while US stocks may face profit-taking pressure. 2. The US dollar index is currently hovering near the 41-month low reached in July. Meanwhile, the S&P 500 and Nasdaq have hit record highs, and US Treasury yields are approaching their April lows. The market has largely priced in a 25 basis point rate cut. 3. Given the recent weakness in the US labor market, investors are pricing in a cumulative 68 basis points of rate cuts by Christmas, 130 basis points by July of next year, and a final rate of 3.00-3.25% by the end of 2026. If the Fed only cuts by 25 basis points, as expected by the market, this could lead to a "buy the forecast, sell the reality" reaction, potentially hindering the dollar's current decline and US stock market's rally. 4. Maintaining the current market trend may require the Federal Reserve to cut interest rates by 50 basis points, and Chairman Powell has clearly stated his support for easing. Although the market believes that the probability of a large-scale rate cut is only 3%, the significant downward revision of employment data may prompt the Federal Reserve to take more decisive action. 5. Standard Chartered Bank strategist Steve Englander predicts that the Federal Reserve may cut interest rates by 50 basis points, but Powell may be cautious about subsequent easing, and the dot plot may show another 25 basis point rate hike this year. If the US dollar index falls below the support of 96.37, the next target is 95.24, and resistance levels are seen at 98.00-10 and 98.50.

11:11:47

Hong Kong to Establish AI Efficiency Enhancement Group: Hong Kong Chief Executive John Lee delivered a new policy address today (17th) at the Legislative Council. John Lee stated that the SAR government will establish an AI Efficiency Enhancement Group to advance the development of "AI+" and promote the development of AI-powered government affairs. (Voice of the Greater Bay Area)

11:11:12

A chart shows the latest data from the China Cotton Price Index (CC Index) as of September 17, 2025. The 3128B cotton price index (3128B is the benchmark for cotton futures delivery at the Zhengzhou Commodity Exchange) is at 15,310 yuan/ton, up 10 yuan/ton, or 0.07%. The 2227B cotton price index is at 13,422 yuan/ton, up 7 yuan/ton, or 0.05%, and the 2129B cotton price index is at 15,582 yuan/ton, up 8 yuan/ton, or 0.05%. Huitong Finance FX678 has created a custom chart showing the China Cotton Price Index (CC Index) for the last 30 trading days. The China Cotton Price Index is published once per trading day, with three price quotes: 3128B, 2227B, and 2129B. The benchmark delivery commodity for Zhengzhou Commodity Exchange cotton futures contracts is 3128B domestically produced cotton. The spot market cotton transaction price is converted to the price of 3128B cotton using a specific formula. For example, research reports will list the price of cotton from a certain origin and its 3128B equivalent.

11:10:48

The final seasonally adjusted unemployment rate for Singapore in the second quarter

Previous : 2.10% Forecast : -

Published Value 2%

11:10:42

The final seasonally adjusted unemployment rate for Singapore in the second quarter

Previous : 2.10% Forecast : -

Published Value 2%

11:04:53

FTSE China A50 Index futures rose 1.00% to 15234.00

11:04:43

[Shanghai Stock Exchange's Huo Ruirong: Accelerate a new round of capital market reforms by deepening comprehensive reforms in investment and financing] Huo Ruirong, Vice Chairman of the Shanghai Stock Exchange, stated at the 2025 China Capital Market Development Forum that the Shanghai Stock Exchange, under the leadership of the China Securities Regulatory Commission, will use deepening comprehensive reforms in investment and financing as a driving force to accelerate a new round of capital market reforms, continuously enhance market attractiveness and inclusiveness, and better serve technological innovation and the development of new-quality productivity. Huo Ruirong stated that currently, the Shanghai Stock Exchange continues to promote the implementation of policies such as the "Eight Measures for the Science and Technology Innovation Board" and the "Six Measures for Mergers and Acquisitions." Since June, the Shanghai Stock Exchange has further strengthened policy publicity and implementation around the "1+6" reform policy of the Science and Technology Innovation Board, actively promoted the implementation of typical cases, and systematically guided the high-quality development of listed companies.

11:04:07

my country has about 580 million bicycles and electric bicycles in its possession. (Xinhua News Agency)

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Real-Time Popular Commodities

Instrument	Current Price	Change
XAU	3658.04	13.77 (0.38%)
XAG	42.236	0.443 (1.06%)
CONC	62.67	-0.59 (-0.93%)
OILC	66.95	-0.51 (-0.76%)
USD	97.498	0.142 (0.15%)
EURUSD	1.1768	-0.0017 (-0.14%)
GBPUSD	1.3503	-0.0051 (-0.38%)
USDCNH	7.1125	0.0058 (0.08%)

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