News

Sources say Amazon plans to invest $3 billion in its fast-moving consumer goods (FMCG) business in India by 2030. Amazon plans to open approximately 1,300 fast-commerce stores in India by April, a significant increase from the current 750.

Swiss National Bank President Schlegel: It is crucial to draw the right conclusions from the Swiss credit crisis. The proposed measures are important, addressing the regulatory weaknesses identified during that crisis.

Federal Reserve's Williams: I expect productivity to increase significantly, the question is how long that increase will last.

JPMorgan Chase raised its price target for Meta Platforms (META.O) from $820 to $920.

Federal Reserve's Williams: Real interest rate expectations are a significant factor driving up bond yields.

Federal Reserve's Williams: I think the U.S. neutral real interest rate is facing a tug-of-war – higher long-term trend growth is pushing it up, while demographic factors are putting downward pressure on it.

Federal Reserve's Williams: We don't know if yields will continue to rise.

Federal Reserve's Williams: The time for providing clear, very direct forward guidance is over.

Federal Reserve's Williams: We need to bring inflation back to the target level in a timely manner.

Swiss National Bank President Schlegel: The Swiss franc has depreciated, but we are prepared to intervene in the foreign exchange market if necessary.

Federal Reserve's Williams: Downside risks to achieving full employment have diminished.

Swiss National Bank President Schlegel: We are not an island; what happens abroad is important to Switzerland.

Swiss National Bank President Schlegel: We are ready to intervene in the foreign exchange market at any time, but we cannot give any direction.

Federal Reserve's Williams: We have seen the U.S. economy demonstrate remarkable resilience.

Swiss National Bank President Schlegel: Current monetary policy is appropriate, with interest rates at 0% and inflation forecasts within the price stability range.

According to CNBC, Chinese humanoid robot company Unix AI is accelerating its expansion into overseas markets and considering a future initial public offering (IPO). Unix AI founder and CEO Yang Fengyu stated that the company is "planning an IPO in the future," but the specific timing depends on market conditions and regulatory factors. "Most importantly, it currently depends on the deployment of our robots in real-world application environments," Yang said, noting that the Chinese market remains the largest market for the company's humanoid robots. He explained that Unix AI, founded in 2024, has rapidly expanded its overseas business since the beginning of this year, entering markets such as Singapore and India, with applications in areas including hotel cleaning and retail. He said, "We are quite optimistic about the robot products we are currently selling overseas." Yang revealed that over 50% of the company's overall orders come from customer renewals and upgrades of existing products.

The Hang Seng China Enterprises Index (HSI) closed down 72.99 points, or 0.29%, at 24,761.13 on Thursday, September 24. The Hang Seng Tech Index closed down 17.94 points, or 0.41%, at 4,361.13 on Thursday, September 24. The Hang Seng China Enterprises Index (HSCEI) closed down 7.8 points, or 0.09%, at 8,266.01 on Thursday, September 24. The Hang Seng Red Chip Index (HSC) closed down 7.09 points, or 0.18%, at 4,020.12 on Thursday, September 24.

Swiss National Bank President Schlegel: We do not provide forward guidance; we will assess the situation based on the data in December.

Hong Kong stocks closed lower, with the Hang Seng Index down 0.29% and the Hang Seng Tech Index down 0.41%. Sectors such as oil, port transportation, and banking bucked the trend and rose, while sectors such as biopharmaceuticals, chips, and mainland property fell.

The Norwegian central bank stated that the committee is particularly concerned about the fact that inflation remains significantly above the target.