News

Hong Kong paper stocks experienced a shock correction, with Lee & Man Paper (02314.HK) falling more than 3%, Junqiu Holdings (01481.HK) and Nine Dragons Paper (02689.HK) both falling more than 2%.

Hong Kong stock Zhida Technology (02650.HK) rose by more than 23%, with a turnover of over 50 million yuan. According to the news, Zhida Technology was added to the list of securities subject to the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect.

Hong Kong apparel stocks continued to strengthen. Fast Retailing (06288.HK) rose nearly 10%, Tianji Holdings (01520.HK) rose more than 6%, and Anta Sports (02020.HK), Bosideng (03998.HK) followed suit.

Bank of Korea Governor Lee Chang-yong: I hope that the U.S. dollar-South Korean won exchange rate will be in a more stable situation before the end of my term.

Japanese Finance Minister Katayama Satsuki: We will pay close attention to the interest rate situation and manage fiscal policy while assessing various situations surrounding the Japanese economy.

Bank of Korea Governor Lee Chang-yong: The exchange rate trend of the US dollar against the South Korean won in recent weeks has been driven by foreign investors' selling of South Korean stocks.

Hong Kong stock Alibaba (09988.HK) fluctuated and rose nearly 3%. On the news, Alibaba's AI video model HappyHorse is expected to be released in a week.

Bank of Korea Governor Lee Chang-yong: Compared with European economies, Asian economies are more vulnerable to the supply-side shock caused by the Iran war.

Hong Kong stock Youzan (08083.HK) once rose by more than 20% and is now up 17%. According to news, the company has been approved to transfer to the main board and is expected to be transferred to the main board for listing on April 17.

Hong Kong AI application stocks continued to be strong at the beginning of the session. Xunce (03317.HK) rose by 11%, Dipu Technology (01384.HK) rose by more than 5.5%, China Mobile Games (00302.HK) and SenseTime (00020.HK) both rose by more than 4.5%, and MINIMAX-W (00100.HK) followed suit.

Japan's two-year government bond yield rose 1.0 basis points to 1.395%.

Japanese Finance Minister Katayama Satsuki: We believe that speculation in the crude oil, futures and foreign exchange markets is intensifying.

Japanese Finance Minister Katayama Satsuki: I have always said that the government is ready to take decisive action, but will not elaborate on future response measures.

Japanese Finance Minister Katayama Satsuki: No comment on foreign exchange levels.

Japanese Finance Minister Katayama Satsuki: The government is ready to take measures in all areas to deal with market fluctuations.

The Hang Seng Technology Index of Hong Kong stocks rose by more than 1% in early trading, with storage concepts, Chinese securities firms, and chip stocks among the top gainers.

HSI opened on April 10 (Friday), up 139.48 points, or 0.54%, to 25891.88 points;Hong Kong’s Hang Seng Technology Index opened on April 10 (Friday), up 22.48 points, or 0.47%, to 4844.15 points ;The state-owned enterprise index opened up 43.48 points, or 0.5%, at 8655.31 points on April 10 (Friday);The red chip index opened at 4280.34 points, up 24.14 points, or 0.57%, on April 10 (Friday).

Himimino Ryozo, Deputy Governor of the Bank of Japan: At each meeting, the Bank of Japan will carefully study all available data at the time to update our economic and price forecasts and risks, as well as the possibility of achieving the price target in the long term.

Himimino Ryozo, Deputy Governor of the Bank of Japan: Overall, we will adopt the most appropriate policies based on the scale and duration of the shock and the economic environment at that time from the perspective of stably achieving the inflation target.

Himimo Ryozo, Deputy Governor of the Bank of Japan: If the conflict in the Middle East continues, dragging down economic growth and exacerbating inflation, the Bank of Japan will face a dilemma.