News

US President Trump will hold a cabinet meeting at 11:00 Eastern Time and will deliver a "Invest in the United States" speech at 16:00 Eastern Time (04:00 the next day in Beijing time).

Hong Kong stock NIO (09866.HK) continued to fall, now falling by more than 5%, with trading volume exceeding 100 million lots.

Most Hong Kong biotech stocks strengthened, CanSino Biologics (06185.HK) rose more than 10%, BeiGene (06160.HK) rose more than 6%, Nocturnal Kinhua (09969.HK) rose more than 4%, and Tiger Pharmaceuticals (03347.HK) rose more than 3%.

Australian Treasury Secretary Chalmers: The market is expected to have more rate cuts after inflation data is released. I don't see anything in these data that will substantially change market expectations.

South Korea Finance Minister Choi Sang-mu: South Korea will definitely not try to end tariff negotiations with the United States before the presidential election.

Hong Kong insurance stocks continued to strengthen, with AIA (01299.HK) rising by more than 5%, Xinhua Insurance (01336.HK), China Life Insurance (02628.HK) rising by more than 2%, and China Property Insurance (02328.HK) and China Taiping (00966.HK) following the rise.

Hong Kong auto stocks fell partly, with NIO (09866.HK) falling more than 4%, Xiaopeng (09868.HK) falling more than 3%, BYD (01211.HK), Geely Auto (00175.HK), and Leapmotor (09863.HK) falling more than 1%.

The Australian S&P/ASX 200 index narrowed its gains, now up 0.1%; the weighted average CPI data after the first quarter was higher than expected.

The A-share real estate sector rose at the beginning of the session, with Chinese companies rising by more than 8%, and Xinhuangpu rising by more than 7%. Airport Shares, Qixia Construction, Everbright Jiabao, Wantong Development, and Dalong Real Estate following the rise.

Australia's annualized loan rate of private enterprise loans in March was 6.5%, compared with the previous value of 6.50%.

Australia's seasonally adjusted CPI monthly rate in March was 0.7%, and the previous value was 0.1%.

Australia's post-seasonally adjusted CPI annual rate in March was 2.4%, expected to be 2.2%, and the previous value was 2.4%.

Australia's private enterprise loan monthly rate was 0.5%, expected to be 0.50%, and the previous value was 0.50%.

Australia's first quarter CPI annual rate was 2.4%, expected to be 2.30%, and the previous value was 2.40%.

Australia's first quarter CPI quarterly rate was 0.9%, expected to be 0.80%, and the previous value was 0.20%.

Australia's weighted CPI annual rate in March was 2.4%, expected to be 2.20%, and the previous value was 2.40%.

Samsung Electronics: U.S. tariff policy will continue to pose a potential risk of slowing demand.

Hong Kong stock AIA (01299.HK) rose nearly 4%, and the value of new business in the first quarter rose 13% to US$1.497 billion.

At the opening of Hong Kong stocks, the Hang Seng Index rose 0.14%, and the Science and Technology Index rose 0.21%. WuXi AppTec (02359.HK) rose more than 3%, while China Merchants Bank (03968.HK) fell more than 1% after the results.

China's official manufacturing PMI in April, Australia's March weighted CPI annual rate and the first quarter CPI annual rate will be announced in ten minutes.