News

India's SENSEX30 index opened 1.7% lower to 78,968.34 points. Among the constituent stocks, Asian Paint opened 3.13% lower, Industrial Bank of India fell 2.91%, and Tata Motor fell 2.83%.

Pakistan’s Information Minister: Resolutely refute the unfounded and misleading allegations of the so-called Pakistani cross-border attacks.

India's NIFTY index fell 1.4% in pre-market trading, while the NIFTY energy index fell 2.2%.

India's NIFTY Metals Index fell 2% in pre-market trading.

India's 10-year benchmark Treasury bond yield opened up to 6.4401%, and closed at 6.3976% the day before.

Goldman Sachs expects the Bank of England to cut interest rates at each meeting starting from August 2025 and reach a terminal interest rate of 2.75% in March 2026.

Goldman Sachs currently expects the Bank of England to keep interest rates unchanged at its June meeting, with the previous expectation of a 25 basis point cut.

Hong Kong non-alcoholic beverage stocks fluctuated and rose, Andrey Juice (02218.HK) rose by more than 47%, Uni-President China (00220.HK) rose by nearly 9.5%, Tea Baidao (02555.HK) rose by nearly 9%, Superstar Legend (06683.HK) rose by more than 4%, Gu Ming (01364.HK) and Mixue Group (02097.HK) both rose by 2%.

Indian Army: Pakistani Army has also violated the ceasefire agreement several times along the Jammu and Kashmir Line of Control.

According to AXIOS website: US President Trump held a "private meeting" with Israeli Prime Minister Netanyahu's adviser before his trip to the Middle East.

Indian Army: The drone attack has been effectively repelled and given a "appropriate response".

Indian Army: Pakistan's armed forces launched multiple drone and other weapons attacks along the entire western border at night from May 8 to 9.

Japanese Finance Minister Katsunobu Kato: Japan's current foreign exchange reserve scale is not excessive.

Japanese Finance Minister Katsunobu Kato: Negotiating whether to sell US Treasury bonds is not considered.

Japanese Finance Minister Katsunobu Kato: It is crucial to hold enough foreign exchange reserves to deal with rapid exchange rate fluctuations.

Hong Kong stocks Shanghai Aunt (02589.HK) plunged nearly 10% at the beginning of the session, and closed up more than 40% on the first day of listing yesterday.

Hong Kong stock Huahong Semiconductor (01347.HK) opened 9.2% lower, and R&D investment and exchange losses dragged down net profit in the first quarter by about 90%.

At the opening of Hong Kong stocks, the Hang Seng Index rose 0.35%, and the Ke Index fell 0.06%; Hansen Pharmaceuticals (03692.HK) and Master Kong Holdings (00322.HK) both opened up 2%, while SMIC (00981.HK) fell nearly 6%.

[Middle price of RMB exchange rate in the interbank foreign exchange market on May 9, 2025]U.S./RMB is 7.2095, upward (RMB depreciation) 22 points; Euro/RMB is 8.1118, downward 478 points; Hong Kong dollar/RMB is 0.92764, downward 10.6 points; British pound/RMB is 9.5724, downward 225 points; Australia/RMB is 4.6269, downward 162 points; Canadian dollar/RMB is 5.1959, downward 238 points; 100 yen/RMB is 4.9518, downward 684 points; RMB/Russian ruble is 11.3876, upward 2184 points; New Zealand dollar/RMB is 4.2717, downward 214 points; RMB/ringgit was 0.59397, up 59.2 points; The Swiss franc/renminbi was 8.6927, down 691 points; Singapore dollar/renminbi was 5.5563, down 187 points.

Japanese Minister of Economic Regeneration Ryomasa Akazawa: Trade negotiations with the United States will be the top priority.