News

Most Hong Kong-listed AI application stocks fell, with Mobvista (01860.HK) plunging nearly 8%, Kingsoft Cloud (03896.HK) falling over 6%, and CMGE (00302.HK), Baidu (09888.HK), Alibaba (09988.HK), and Xiaomi Group (01810.HK) all falling over 3%.

JPMorgan Chase lowered its price target for Disney (DIS.N) from $140 to $137.

Hong Kong stocks opened lower and continued to decline, with the Hang Seng Index falling by more than 2% and the Hang Seng Tech Index falling by 1.7%.

Hong Kong-listed Shanghai Auntie (02589.HK) rose more than 9%, with a trading volume of over 690,000 lots.

The yield on Japan's 20-year government bonds fell 3.5 basis points to 3.655%.

Australia's exports rose 9.6% month-on-month in June, compared with a -6.90% increase in the previous month.

Australia's imports fell 0.2% month-on-month in June, compared with 2.60% in the previous month.

Australia's trade balance for goods and services in June was A$1.929 billion, compared to an expected -A$1.1 billion and a previous reading of -A$3.018 billion.

Pop Mart (09992.HK) shares fell more than 3% in Hong Kong. According to the Hong Kong Stock Exchange, Duan Yongping's holdings in Pop Mart decreased from 7.65% to 5.55%.

Federal Reserve's Daly: We should pay attention to the rise in technology investment lending.

Federal Reserve's Daly: We are closely monitoring the level of investment in the technology sector.

Federal Reserve's Daly: If inflationary pressures intensify again, aggressive interest rate measures will be needed.

Federal Reserve's Daly: Concerned about how the public will react to a second major inflation shock.

Federal Reserve's Daly: The Fed should be prepared to take action if inflation gets out of control.

According to the Wall Street Journal: Since Warsh became chairman of the Federal Reserve, US President Trump has spoken with him multiple times.

Federal Reserve's Daly: The Fed still needs to collect data to formulate future policy measures.

Federal Reserve's Daly: Fully supports keeping interest rates unchanged in July.

Federal Reserve's Daly: The Federal Reserve faces different types of risks when setting interest rate policies.

Federal Reserve's Daly: The Fed should not take it for granted that inflation expectations are stable.

Federal Reserve's Daly: Long-term inflation expectations have been effectively anchored.