News

The U.S. Department of Agriculture will provide $34.1 million to support the development of the purple sweet potato industry in the Philippines. The project funds will come from the sale of nearly 40,000 metric tons of U.S. soybean meal.

The yield on Japan's two-year government bonds fell 6 basis points to 1.840%.

The yield on Japan's 5-year government bonds fell 10.5 basis points to 2.185%.

Zai Lab (09688.HK) once fell by more than 6% after the company planned a private placement of 11.34 million American Depositary Shares, raising net proceeds of approximately US$241 million.

Japanese officials: The Japanese government is considering reducing gasoline subsidies as early as December.

The Hang Seng Index (HSI) opened 93.3 points higher, or 0.41%, at 23,027.98 on Friday, October 23. The Hang Seng Tech Index opened 19.5 points higher, or 0.51%, at 3,813.43 on Friday, October 23. The Hang Seng China Enterprises Index (HSCEI) opened 55.37 points higher, or 0.72%, at 7,744.56 on Friday, October 23. The Hang Seng Red Chip Index (HSC) opened 17.49 points higher, or 0.46%, at 3,852.66 on Friday, October 23.

The yield on Japan's 5-year government bonds fell 8.0 basis points to 2.210%.

Japan's preliminary manufacturing PMI for October was 53.3, compared to 54.1 in the previous month.

Japan's preliminary composite PMI for October was 52.3, unchanged from the previous month.

Japan's preliminary services PMI for October was 52, down from 51.3 in the previous month.

Japanese chip-related stocks fell sharply, with Kioxia and SoftBank down about 7% and Tokyo Electron down about 6%.

The yield on Japan's 5-year government bonds fell 6.5 basis points to 2.225%.

The yield on Japan's 20-year government bonds fell 6.0 basis points to 3.620%.

A Tesla spokesperson for Australia and New Zealand stated that Tesla (TSLA.O) has decided not to proceed with its plans to manufacture Cybertrucks in Australia and New Zealand.

On Friday, October 23, the NI225 index opened down 293.25 points, or 0.47%, to 62,614.59.

Japanese Minister of Economy, Trade and Industry, Minoru Jonouchi, believes that the conditions for the government to formally declare the end of deflation have not yet been met.

Japanese Minister of Economy, Trade and Industry Minoru Jonouchi: Whether the government will announce a formal end to deflation will be decided after comprehensively considering the CPI, the GDP deflator, and the background of potential inflation changes.

Japanese Finance Minister Satsuki Katayama: I believe that Japanese financial institutions have handled the PHP issue relatively smoothly, and I expect them to continue to take necessary actions.

Japanese Finance Minister Satsuki Katayama: I cannot comment on restoring gasoline subsidies; I will consider my family's situation.

Japanese Finance Minister Satsuki Katayama believes that Japanese financial institutions have handled the PHP issue relatively smoothly, and expects the institutions to continue to take necessary actions.