News

Japan's 30-year government bond yield fell after strong auction results. It hit a record high of 3.445% in early trading and is now at 3.385%.

ANZ: We expect any hit to Russian oil exports to be relatively short-lived. This should limit further gains in oil prices.

Japan’s 30-year government bond yield fell 3.5 basis points to 3.385%.

Hong Kong technology and Internet stocks fluctuated and strengthened before midday. Ctrip Group-S (09961.HK) and Meituan (03690.HK) rose more than 3%, Bilibili (09626.HK) and Xiaomi Group (01810.HK) rose more than 2%, and Tencent Music (01698.HK), NetEase (09999.HK) followed suit.

The semiconductor sector of Hong Kong stocks strengthened, with Innosec (02577.HK) accounting for more than 4%, Huahong Semiconductor (01347.HK) rising by more than 3%, Shanghai Fudan (01385.HK), Solomon Semiconductor (02878.HK), etc. following suit.

The demand rate for Japan's 30-year government bond auction hit a new high since May 2019. (Note: The bid multiple for Japan’s 30-year government bond auction was 4.04, and the previous auction in November was 3.12)

On the morning of December 4, President Xi Jinping will attend the closing ceremony of the seventh meeting of the China-France Entrepreneurs Committee in Beijing with French President Macron and deliver a speech.

Japanese Finance Minister Katayama Satsuki: We will pay attention to maintaining the market's trust in our finances when guiding fiscal policy.

Japanese Finance Minister Katayama Satsuki: We will not formulate bond issuance plans based on the assumption that the Bank of Japan will maintain its bond holdings.

Japanese Finance Minister Katayama Satsuki: We cannot comment on monetary policy, which falls under the jurisdiction of the Bank of Japan.

Bank of Japan Governor Kazuo Ueda: The impact of the Bank of Japan’s ETF holdings on stock market pricing may be limited.

After the U.S. Federal Register announced a reduction in tariffs on Korean cars and auto parts, Hyundai Motor's stock price rose 6% to 282,500 won.

Bank of Japan Governor Kazuo Ueda: Current monetary conditions are still loose.

Bank of Japan Governor Kazuo Ueda: There is still uncertainty as to how far we can ultimately raise interest rates.

Bank of Japan Governor Kazuo Ueda: At present, we still need to work based on the currently set and quite broad range of estimates.

Bank of Japan Governor Kazuo Ueda: We are working hard to narrow the range of estimates of the neutral interest rate. If successful, the relevant findings will be announced in a timely manner.

Japan’s Chief Cabinet Secretary Minoru Kihara: The key to Japan’s government debt management policy is to ensure the smooth progress of government bond issuance while keeping the necessary costs low in the medium and long term.

Hong Kong stock Connect Optical (02276.HK) rose more than 4% during the session. The company is the exclusive lens supplier of Quark AI glasses.

Japanese Chief Cabinet Secretary Minoru Kihara: It is more important to communicate with domestic and foreign markets to purchase Japanese government bonds.

Japan’s Chief Cabinet Secretary Minoru Kihara: Appropriate action will be taken against excessive and disorderly foreign exchange fluctuations.