forex cross rate

Japan's Denso, Toyota's main auto parts supplier, cut its full-year operating profit forecast by nearly a fifth, mainly due to the impact of U.S. import tariffs and rising raw material costs. Japan Denso lowered its operating profit forecast for the fiscal year ending March 2026 by 17.8%, from the previously expected 651 billion yen to 535 billion yen (approximately US$3.44 billion).

According to Fox News: The U.S. Senate’s compromise to end the ongoing partial government shutdown has overcome a major obstacle, paving the way for the bill to be voted on in the House of Representatives on Tuesday.

Hong Kong chip stocks rebounded, with GigaDevice (03986.HK) rising by more than 6%, followed by stocks such as ASMPT (00522.HK), Huahong Semiconductor (01347.HK), Tianyu Semiconductor (02658.HK), Shanghai Fudan (01385.HK), Innosec (02577.HK), and Biren Technology (06082.HK).

Hong Kong airline stocks fluctuated and rose. China Eastern Airlines (00670.HK) and Bank of China Aviation Leasing (02588.HK) both rose by more than 3%. Air China (00753.HK), China Southern Airlines (01055.HK), Cathay Pacific Airways (00293.HK) and other stocks followed suit.

Hong Kong optical communication concept stocks rebounded, with Hua Hong Semiconductor (01347.HK) rising by more than 4%, and stocks such as YOFC Optical Fiber and Cable (06869.HK), Cambridge Technology (06166.HK), and Convergence Technology (01729.HK) following suit.

Japanese Chief Cabinet Secretary Minoru Kihara: The UAE has informed Japan that the UAE President’s state visit to Japan will be postponed from February 8 as originally scheduled.