News

Hong Kong auto stocks were mixed, with NIO (09866.HK) opening down more than 6%, Xpeng Motors (09868.HK) opening down 1.6%, and Cyrus (09927.HK) opening up 1.1%.

Japan’s Ministry of Finance will auction 3.5 trillion yen of short-term government bonds on December 9.

According to the Wall Street Journal: The U.S. Federal Aviation Administration (FAA) is stepping up its investigation into whether airlines are complying with flight reduction measures related to the suspension. The FAA said it has sent letters to airlines requesting information to understand whether they have met their goals of reducing flights at 40 airports. Airlines could face fines of up to $75,000 per flight over the limit.

Fed Chairman Jerome Powell will speak at a commemorative event in ten minutes.

Hyundai Motor's Korean shares rose 4% after U.S. Commerce Secretary Lutnick confirmed that tariffs on Korean cars will be reduced to 15% from November 1.

Japanese Finance Minister Katayama Satsuki: The specific monetary policy is determined by the Bank of Japan.

Japanese Finance Minister Katayama Satsuki: Will coordinate with the ruling party on the review of subsidy projects and investment funds.

Japanese Finance Minister Katayama Satsuki: Public opinion will be solicited before the end of the year on the issue of wasteful spending.

Japanese Finance Minister Katayama Satsuki: The results of the expert group discussion to review the government’s wasteful spending will be reflected in tax reform and next year’s budget.

ANZ no longer expects the RBA to make a final rate cut in the first half of 2026.

The annual rate of the BRC shop price index in the UK in November was 0.6%, compared with the previous value of 1.00%.

The U.S. Senate Commerce Committee will vote on Trump’s nominee to be the director of NASA on December 8.

Japan's annual rate of base money in November was -8.5%, compared with -7.80% in the previous month.

According to Politico: The European Union has agreed to eliminate trade preferences for countries that refuse to take back rejected immigrants.

U.S. Treasury Secretary Bessant: The Treasury Department is investigating allegations that Minnesota tax dollars may have been diverted to al-Shabaab.

New Zealand Federal Reserve Chairman Breman: The recent interest rate cuts will promote New Zealand's economic growth.

Breman, Chairman of the Reserve Bank of New Zealand: We will face a global environment full of uncertainties.

Finlay, Chairman of the Board of Governors of the Reserve Bank of New Zealand: Our new capital regulations will increase the level of competition.

Fed Governor Bowman: Regulated banks must be given the power to compete.

Breman, chairman of the Reserve Bank of New Zealand: It is important to have sufficient space for discussion within the central bank.