News

Bernstein: It is estimated that for every 1% appreciation of the yen, the operating profit of Japanese automakers will typically be affected by about 2%, and for some companies, the impact may reach 4%.

Japan's 20-year yield rose 6.5 basis points to 3.815%.

Russian authorities said they attacked port infrastructure in Ukraine’s Izmail region overnight.

The yield on Japan's 30-year government bonds rose 5.5 basis points to 4.065%.

Japan's tertiary sector activity index fell 0.2% month-on-month in June, compared with 1.10% in the previous month.

Japan's final June inventory growth rate was 2.8%, compared to 2.3% previously.

Japan's capacity utilization index was 107.2 in June, up from 103 in the previous month.

Japan's final industrial production annual rate for June was 4.9%, down from 4.20% previously.

Japan's capacity utilization index rose 4.1% month-on-month in June, down from 0.10% in the previous month.

Japan's final industrial production growth rate for June was 1.9%, compared to 1.30% in the previous month.

Jefferies raised its target price for Chevron (CVX.N) from $216 to $233.

Jefferies raised its price target for ExxonMobil (XOM.N) from $184 to $200.

Japanese power company J-Power: It will build a data center in Kaminokuni, Hokkaido, and will begin selling its GPU data center computing power in the summer of 2027.

Japanese Economy and Fiscal Policy Minister Minoru Shirou: The economy may be supported by employment, improved wage conditions, and government policy measures.

Japanese Minister of Economy, Trade and Industry Minoru Shirou: It is necessary to closely monitor the impact of the situation in the Middle East.

Japanese Economy and Fiscal Policy Minister Minoru Shirou: The Japanese economy continues its moderate recovery.

Academy Securities strategist Peter Tchir believes the market is currently overly focused on whether Warsh's future "reaction function" will change, but what's more concerning is what data the Federal Reserve intends to use for policy decisions. His core judgment is that Warsh may not need to completely rewrite the policy formula; the real change is on the input side: in addition to traditional official indicators like the PCE, the Fed may place greater emphasis on real-time inflation, rents, business prices, and other higher-frequency data sources, rebuilding a new inflation observation framework. The market has historically been accustomed to betting on "how the Fed will interpret" the same set of data, but if even the data itself changes, the trading framework will shift accordingly. Some high-frequency inflation indicators previously considered supplementary references may become crucial bases for policy discussions. For the market, this means future policy shifts may not necessarily stem from "different conclusions drawn from the same data," but could also come from "the Fed starting to look at a different set of data."

According to Indian media, a stampede at the Ashokdam temple in Bihar, India, has killed six people and injured many others.

Hong Kong stocks opened higher and continued to rise, with the Hang Seng Index up more than 1% in the morning session and the Hang Seng Tech Index up 1.62%.

The Hang Seng Index (HSI) opened 186.56 points higher, or 0.74%, at 25303.41 on Monday, August 17th; the Hang Seng Tech Index opened 53.58 points higher, or 1.14%, at 4761.2; the Hang Seng China Enterprises Index opened 71.04 points higher, or 0.85%, at 8411.87; and the Hang Seng Red Chip Index opened 18.92 points higher, or 0.46%, at 4151.61 on Monday, August 17th.