News

Hong Kong-listed tech stocks weakened amid volatility, with Tencent Holdings (00700.HK) falling more than 3%, Kuaishou (01024.HK) and Baidu (09888.HK) falling more than 2%, and Alibaba (09988.HK) and JD.com (09618.HK) following suit.

Market news: According to sources, the Japanese cabinet may be reshuffled in mid-September or later.

The yield on Japan's 30-year government bonds rose 3.0 basis points to 3.980%.

The yield on Japan's 20-year government bonds rose 2.5 basis points to 3.710%.

According to NBC News: U.S. Senator Amy Klobuchar has won the Democratic gubernatorial primary in Minnesota.

Associated Press projections indicate that U.S. Representative Tom Tiffany has won the Republican nomination for governor of Wisconsin.

Hong Kong stocks opened lower, with the Hang Seng Index down 0.6% and the Tech Index down 0.8%. Gold stocks opened higher, while Tencent Music (01698.HK) opened down 11.41%. The company reported total revenue of RMB 8.93 billion in the second quarter, a year-on-year increase of 5.8%, and increased its share buyback program to US$400 million.

US President Trump: I do not trust Iran.

US President Trump: The plane I'm on will face greater risks.

US President Trump: During the flight changes, I followed the instructions of the Secret Service.

New Zealand Prime Minister Laxson: (Regarding the leadership challenge) I have the support of the party.

The yield on Japan's 5-year government bond rose 2.0 basis points to 2.105%.

The yield on Japan's two-year government bonds rose 2.0 basis points to 1.630%.

Australia's S&P/ASX 200 index opened down 46.70 points, or 0.50%, at 9203.90 on Wednesday, August 12.

On Wednesday, August 12, the NI225 index opened 17.26 points higher, or 0.03%, at 66,987.48.

Japan's broad money supply liquidity rate was 4.4% year-on-year in July, down from 4.5% in the previous month.

Japan's M3 money supply annual rate was 1.4% in July, down from 1.50% in the previous month.

Japan's M2 money supply grew at an annual rate of 2.2% in July, down from 2.20% in the previous month.

The yield on Japan's 5-year government bonds rose 1.5 basis points to 2.100%, a record high.

National Australia Bank: We still expect the Reserve Bank of Australia to keep the cash rate unchanged for the remainder of 2026, and the first rate cut is still expected to take place around mid-2027.