News

RBNZ Governor Orr will hold a monetary policy press conference in ten minutes.

Most artificial intelligence stocks in Hong Kong stocks strengthened. Lion Holdings (02562.HK) rose by more than 13%, Meituan (03690.HK) rose by more than 6%, GDS (09698.HK) rose by more than 3%, and JD.com (09618.HK) and Xiaomi Group (01810.HK) rose by nearly 2%.

Hong Kong stock Chow Tai Fook (01929.HK) fell more than 4% after the results. The profit attributable to shareholders in the first half of the fiscal year increased slightly by 0.1% to HK$2.534 billion, and the gross profit margin narrowed 0.9 percentage points year-on-year.

Japan's 2-year government bond yield rose to 0.97%, the highest level since June 2008.

Hong Kong pharmaceutical stocks fluctuated higher, with CSPC Pharmaceutical Group (01093.HK) rising by more than 5%, and China National Biopharmaceuticals (01177.HK), Hengrui Pharmaceuticals (01276.HK), Pharmaron (03759.HK), and Fosun Pharma (02196.HK) all rising by more than 2%.

Hong Kong logistics stocks rose partially, with ZTO Express (02057.HK) rising by more than 4%, JD Logistics (02618.HK) and Sinotrans (00598.HK) following suit.

Most Hong Kong airline stocks rose, with China Eastern Airlines (00670.HK) and Air China (00753.HK) rising by more than 5%, and China Southern Airlines (01055.HK) rising by more than 4%.

Source: The Bank of Japan is adjusting its communication methods to prepare for the market and may raise interest rates as early as December.

Hong Kong stock Yaocai Securities Financial (01428.HK) rose more than 12%. According to the news, the company and Ant have signed a revised agreement to extend the acquisition offer time by 4 months.

Japanese government bond yields rose to 1.335%, the highest level since June 2008.

RBNZ: The Board discussed the option of keeping the Official Cash Rate (OCR) unchanged at 2.5% and lowering it to 2.25%.

Reserve Bank of New Zealand: The Board voted 5 to 1 to lower the Official Cash Rate (OCR) by 25 basis points to 2.25%.

According to Japan Broadcasting Association NHK: Japan's tax revenue in fiscal year 2025 is expected to exceed 80 trillion yen for the first time.

Reserve Bank of New Zealand: The Board noted that lowering the official cash rate would help bolster consumer and business confidence and guard against the risk that the economy will recover more slowly than needed to achieve the inflation target.

RBNZ: Future adjustments to the official cash rate will depend on the development of the medium-term inflation and economic outlook.

The Reserve Bank of New Zealand expects the official cash rate to be 2.25% in March 2026 (previously 2.55%), and the official cash rate is expected to be 2.28% in December 2026 (previously 2.62%).

RBNZ: Lower interest rates are encouraging household spending and the labor market is stabilizing.

Federal Reserve Bank of New Zealand: Economic activity was weak in mid-2025, but is picking up.

RBNZ: Risks to the inflation outlook are balanced.

The Reserve Bank of New Zealand: Due to the spare capacity in the economy, the inflation rate is expected to fall to about 2% by mid-2026.