News

Hong Kong stocks expanded their gains, with the Hang Seng Technology Index rising 1% and the Hang Seng Index rising 0.5%.

Australia's seasonally adjusted monthly CPI rate in May was -0.1%, compared with -0.1% in the previous month.

HSI opened on June 24 (Wednesday), up 84.42 points, or 0.36%, to 23420.7 points;Hong Kong’s Hang Seng Technology Index opened on June 24 (Wednesday), up 21.19 points, or 0.48%, to 4420.41 points; br/>The state-owned enterprise index opened on June 24 (Wednesday), up 32.77 points, or 0.42%, to 7792.13 points;The red chip index opened on June 24 (Wednesday), up 13.58 points, or 0.35%, to 3902.26 points.

Hong Kong stocks opened, with the Hang Seng Index opening up 0.36% and the Stock Exchange Index opening up 0.48%. Most technology stocks strengthened, with Weilai-SW (09866.HK) up about 5% and Baidu (09888.HK) up about 3%.

Australia's unadjusted CPI annual rate for May will be released in ten minutes.

NI225 gave up its earlier gains and is currently down 0.4% at 69499.12.

SpaceX on Tuesday sold $25 billion of investment-grade bonds to replace high-cost debt tied to Musk's 2022 acquisition of X (then Twitter) and to loans and bonds issued last year for AI lab XAI. The affected entities held roughly $17.5 billion of debt that would have generated about $1.8 billion of interest this year; the consolidated $25 billion issuance reduces SpaceX's annual interest burden to about $1.5 billion.

According to the Associated Press: Anthropic’s Mythos model discovered a vulnerability in a classified U.S. government system.

Summary of the Bank of Japan's June policy meeting: A representative from the Cabinet Office said the central bank must assess the impact of reducing the size of its balance sheet on the macro economy and take appropriate measures to maintain market stability.

Australia's S&P/ASX200 index opened up 13.40 points, or 0.15%, on Wednesday, June 24, to 8800.40 points.

South Korea's KOSPI index opened up 1.9%. NI225 opened down 0.25%.

Summary of the Bank of Japan's June policy meeting: One member said there is absolutely no reason for the Bank of Japan to stop reducing its bond purchases.

Summary of the Bank of Japan's June policy meeting: Global demand related to artificial intelligence is driving economic activity and prices to a greater extent than expected, a member said.

Summary of the Bank of Japan's June policy meeting: A member said there has been a shift in inflation expectations, with negative real interest rates leading to higher lending, commercial paper issuance and asset prices.

Summary of the Bank of Japan's June policy meeting: There are growing signs of rising wholesale prices, especially in distribution costs, which could affect underlying inflation, a member said.

Summary of the Bank of Japan's June policy meeting: One member said that more attention must be paid to the contribution of companies' proactive pricing behavior to overall inflation.

Summary of the Bank of Japan's June policy meeting: One member said downside risks to output and employment could disrupt the virtuous cycle between wages and prices, potentially leading Japan to slip into deflation again.

Summary of Bank of Japan's June policy meeting: One member said concerns about an economic slowdown have subsided.

Summary of the Bank of Japan's June policy meeting: The Cabinet Office stated that the Bank of Japan must take responsibility for raising interest rates and take proactive and appropriate actions when economic activity experiences excessive fluctuations.

Summary of the Bank of Japan's June policy meeting: Japan's neutral interest rate is expected to be around 2%, and the Bank of Japan must raise interest rates every few months, a member said.