News

Hong Kong-listed AI application stocks rallied, with WeRide-W (00800.HK) surging over 90%, Zhipu (02513.HK) and MINIMAX-W (00100.HK) rising over 4%, while China Literature (00772.HK) and Pony.ai-W (02026.HK) followed suit.

Japan's Ministry of Finance will issue 2.5 trillion yen in 5-year government bonds on August 18.

NI225 rose by 2.00% within the day.

According to Japan's Kyodo News, Japan plans to utilize cutting-edge artificial intelligence technology within a preventative cyber defense policy framework.

The Hang Seng Index (HSI) opened 137.15 points higher, or 0.53%, at 25805.18 on Monday, August 10th; the Hang Seng Tech Index opened 41.22 points higher, or 0.85%, at 4899.51 on Monday, August 10th; the Hang Seng China Enterprises Index opened 52.24 points higher, or 0.61%, at 8583.82 on Monday, August 10th; and the Hang Seng Red Chip Index opened 4.13 points higher, or 0.1%, at 4125.14 on Monday, August 10th.

Japan's seasonally adjusted annualized bank lending rate (excluding trusts) was 5.9% in July, revised from 6.30% to 6.2% in the previous month.

Australia's S&P/ASX 200 index opened down 4.90 points, or 0.05%, at 9258.70 on Monday, August 10.

Summary of Opinions from the Bank of Japan's July Meeting: A representative from the Cabinet Office stated that appropriate monetary policy is crucial for achieving a strong economy and price stability. They expressed hope that the Bank of Japan would adopt appropriate monetary policy and coordinate it closely with the government.

The NI225 opened 332.18 points higher, or 0.51%, at 65,938.89 on Monday, August 10.

**Summary of Opinions from the Bank of Japan's July Meeting:** One member stated that the Bank of Japan must accelerate its adjustment of monetary support policies because the cost of delaying interest rate hikes should not be underestimated.

Summary of opinions from the Bank of Japan's July meeting: One member stated that the Bank of Japan must clearly demonstrate its determination to prevent inflation from exceeding its target, as inflationary pressures may begin to emerge from the summer.

Summary of opinions from the Bank of Japan's July meeting: One member stated that it is important to flexibly adjust the level of policy interest rates in order to monitor potential inflation risks.

**Summary of Opinions from the Bank of Japan's July Meeting:** One member stated that the Bank of Japan must normalize monetary policy by raising the policy rate above the lower bound of the projected neutral rate range.

Summary of opinions from the Bank of Japan's July meeting: One member stated that we are now at a stage where we need to pay attention to the potential upward risk of inflation.

Summary of opinions from the Bank of Japan's July meeting: One member stated that, depending on economic, price, and financial conditions, the Bank of Japan's pace of interest rate hikes may be faster than the market expects.

Summary of opinions from the Bank of Japan's July meeting: One member stated that, considering the 1 to 1.5-year lag in the impact of past interest rate hikes on inflation and the domestic economy, it was appropriate to keep interest rates stable at this meeting.

Summary of opinions from the Bank of Japan's July meeting: One member stated that financial conditions remain accommodative because short-term real interest rates remain negative.

Summary of opinions from the Bank of Japan's July meeting: One member stated that the inflation outlook faces significant upside risks as rising oil prices transmit to consumer inflation, global demand for artificial intelligence, and demand driven by Japan's expansionary fiscal policy.

Summary of opinions from the Bank of Japan's July meeting: One member stated that the Bank of Japan considered the upside risks to inflation due to the weak yen and strong demand related to artificial intelligence.

Japan's trade balance in June was -13.5217 billion yen, compared to 6.875 billion yen in the previous month.