News

JPMorgan Chase: Raised its target price on Cisco Systems (CSCO.O) from $96 to $120.

Statistics South Africa: South Africa’s gold production increased by 17.1% year-on-year in March.

UK Government: Recent market pressures have highlighted the need to strengthen the resilience of money market funds.

British Government: The new money market system is expected to be implemented in the fourth quarter of 2026, subject to parliamentary approval.

UK Government: Proposals for the regulation of money market funds will include guidance clarifying the expectation that UK money market funds will hold higher levels of liquidity.

Canada's existing home sales in April were 0.7% on a monthly basis, compared with expectations of 0.7% and the previous value of -0.10%.

Hong Kong Stock Exchange documents show that Standard Chartered Bank repurchased 801,239 shares on other exchanges on May 13 for a total amount of 15 million pounds.

India's NIFTY 50 index expanded to 1.5%.

HSI closed up 0.6 points, or 0.0%, at 26389.04 points on May 14 (Thursday);Hong Kong's Hang Seng Technology Index closed down 17.65 points, or 0.35%, at 5076.2 points on May 14 (Thursday);The state-owned enterprise index closed down 17.75 points, or 0.2%, at 8858.63 points on May 14 (Thursday);The red chip index closed down 40.12 points, or 0.87%, at 4574.03 points on May 14 (Thursday).

Hong Kong stocks closed at the end of the day, with the Hang Seng Index closing flat and the Kose Index closing down 0.35%. Back in Hong Kong, Chinese concept stocks performed actively. Alibaba (09988.HK) rose by about 4%, Shell (02423.HK) rose by about 3%, and Baidu (09888.HK) rose by more than 2%.

Hon Hai executive: The United States will gradually become Hon Hai’s largest artificial intelligence server business hub.

Indian Ministry of Foreign Affairs: After the attack on the ship, all Indian crew members on board were safe.

India's Ministry of External Affairs: Wednesday's attack on an Indian-flagged ship off the coast of Oman is unacceptable.

Nvidia (NVDA.O) U.S. stocks rose 2.6% before the market opened.

HSBC Holdings: The silver supply gap is expected to narrow to 73 million ounces in 2026 and 25 million ounces in 2027.

Governor of Türkiye’s Central Bank: Oil prices continue to drive up transportation prices. The duration of regional tensions will be critical to the inflation outlook.

According to the Financial Times: British manufacturers warn that steel tariff changes will cause serious problems.

Reuters poll: Short bets on the Indian rupee hit their highest level since early April.

Burberry CFO: We are very pleased with the performance during Japan's Golden Week and the performance of Mother's Day in the United States.

Burberry CFO: In Europe, half of our consumers are tourists and local customers. We have noticed that American tourists have good consumption momentum.