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Hong Kong stocks continued to fall, with the Hang Seng Index falling 2%, the Hang Seng Technology Index falling 1.23%, technology and Internet stocks weak, innovative drug concepts falling, Meituan (03690.HK) falling nearly 6%, and Hansoh Pharmaceuticals (03692.HK) falling 4.8%.

Bank of Korea Governor Shin Hyun-song: The recent increase in chip prices has exceeded the increase in oil prices, causing South Korea's gross domestic income (GDI) data to rise.

Hong Kong technology and Internet stocks fell, with Meituan (03690.HK) falling 5.6%, SenseTime (00020.HK) falling more than 4%, Baidu (09888.HK), Bilibili (09 626.HK) fell 3%, Alibaba (09988.HK) fell 2.8%, Tencent Holdings (00700.HK) and JD.com (09618.HK) fell more than 2%.

Fed Goolsby: Supply shocks, including oil shocks, make inflation problems caused by expected future productivity growth more serious.

Fed Goolsbee: The more hype there is about future productivity growth, the more the U.S. and other countries may need to raise interest rates.

According to the Wall Street Journal,Meta Platforms (META.O) has begun rolling out subscription plans for Facebook,Instagram and WhatsApp, and is testing a new subscription service for users of its AI chatbot.

According to the Wall Street Journal: Meta Platforms (META.O) has begun rolling out subscription plans for Facebook, Instagram and WhatsApp, and is testing new subscription services for users of its artificial intelligence chatbot.

Federal Reserve Goolsby warned that Asia is facing the impact of stagflation in the traditional sense.

Fed Goolsby: Energy inflation is more persistent than expected.

Japan's 2-year government bond yield fell 2.0 basis points to 1.360%; Japan's 5-year government bond yield fell 1.5 basis points to 1.915%.

New Zealand's Finance Minister said that a prudential tax would be introduced for banks, non-bank depository institutions, insurance companies and other financial market participants.

New Zealand's Debt Management Office plans to issue $34 billion worth of bonds in the 2026/27 financial year, in line with its December forecast.

New Zealand's Treasury expects net debt to be 42.4% of GDP in 2025/26.

The New Zealand Treasury expects inflation to peak at 4.0% in the second quarter of 2026.

U.S. Treasury Secretary Bessent: The U.S. Treasury Department will continue to exert maximum pressure on Iran.

Hong Kong stocks continued to fall, with the Hang Seng Index falling below the 25,000-point mark and falling 1.34% on the day; the Hang Seng Technology Index fell 0.52%.

Japanese Finance Minister Katayama Satsuki: The Bank of Japan Law requires full communication with the government while ensuring the independence of the central bank.

Japanese Finance Minister Katayama Satsuki: I hope the Bank of Japan can adopt appropriate monetary policies to achieve the 2% price target stably and sustainably, accompanied by wage increases.

Japanese Finance Minister Katayama Satsuki: Our cabinet unanimously believes that specific monetary policy measures are determined by the Bank of Japan.

Japanese Finance Minister Katayama Satsuki: The Bank of Japan is expected to coordinate closely with the government.