News

Japan's 30-year government bond yield rose 3.5 basis points to 3.655%.

Indian Oil Corporation executives said that in fiscal year 2027, Indian Oil Corporation will purchase 50% of its oil through long-term contracts.

Indian oil executives say purchases of Russian oil are slowing.

An Indian Oil executive said Venezuelan oil was quoted at a discount of $4 to $5 a barrel to Dubai crude.

Indian Oil Corporation executives said Indian Oil will buy at least 24 million barrels of oil from Brazil in fiscal 2027, compared with 18 million barrels in fiscal 2026.

South Korea’s ruling party: Strive to pass a special bill on the U.S. trade agreement before the end of February.

Office of the President of South Korea: South Korea’s trade envoy is about to visit the United States and will meet with the U.S. Trade Representative to discuss the implementation of the trade agreement. We will express to the United States our willingness to implement the tariff agreement.

U.S. Department of Energy: Issued two emergency orders to stabilize the power grid in the Mid-Atlantic and Carolinas following Winter Storm Fern.

The U.S. Department of Energy issues emergency orders to mitigate the risk of power outages in North and South Carolina following Winter Storm Fern.

South Korea’s ruling party: I believe we can speed up the passage of legislation to implement U.S. investment.

South Korea’s ruling party: We urge opposition parties to strengthen cooperation on the U.S. investment bill.

South Korea’s ruling party: A bill aimed at implementing U.S. investment has been submitted and will be reviewed soon.

U.S. natural gas futures fell 3.00% during the day and are currently at $3.781/million British thermal units.

According to Fox News: U.S. Treasury Secretary Bessent said that U.S. President Trump had a phone call with Canadian Prime Minister Carney on Monday.

Japan's 20-year government bond yield rose 4.0 basis points to 3.205%.

The Hong Kong insurance sector strengthened at the beginning of the session, with AIA (01299.HK)1 rising 2.35%, China Life (02628.HK) rising 1.8%, Prudential (02378.HK), PICC (01339.HK), and China Taiping (00966.HK) all rising more than 1%.

European Mediterranean Seismological Center: A magnitude 6 earthquake occurred in Java, Indonesia.

ANTA Sports (02020.HK) opened up 1.51%. It recently announced that it will acquire 29.06% of Puma SE (PUMA SE) for 1.5 billion euros.

Hong Kong stocks opened with the Hang Seng Index opening up 0.36% and the Hang Seng Technology Index opening up 0.16%. Zijin Mining (02899.HK) opened 4.31% higher after announcing that it would acquire 100% of Allied Gold Corporation.

President Trump is considering capping state fuel taxes.