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Real-time News
Japanese Minister of Economy, Trade and Industry Minoru Shirou: The Bank of Japan has performed well in terms of policy.On August 10th, a residential land parcel with price restrictions was listed on the Changsha Municipal Land and Resources Online Transaction System, specifying a sales price of 6,200 yuan per square meter for unfinished residential units, attracting market attention. This marks the first time Changsha has released a land parcel with price restrictions since September 2023. Will price-restricted projects return to the market? Relevant officials stated that this price-restricted land parcel is for affordable housing, and Changsha currently has no plans to release more similar price-restricted land parcels. Currently, Changsha is simultaneously boosting developers confidence in acquiring land and stabilizing housing price expectations to ensure the further stable and healthy development of the real estate market.On August 10th, Yum China Holdings, Inc. (09987.HK) announced that for the six months ended June 30, 2026, system sales increased by 5% year-on-year (excluding the impact of foreign currency translation), with total revenue of US$6.4 billion, up 11% year-on-year, and same-store sales up 1% year-on-year. Operating profit was US$795 million, up 13% year-on-year; net profit (Yum China Holdings, Inc.) was US$553 million, compared to US$507 million in the same period last year; diluted earnings per share were US$1.57, up 16% year-on-year. During the period, a net increase of 1,196 stores was recorded, a 105% increase compared to the same period last year, bringing the total number of stores to 19,297, of which franchised stores accounted for 18%.Apple (AAPL.O) shares fell 1.3% in pre-market trading after Jefferies downgraded the company from "hold" to "underperform" and lowered its target price from $285.56 to $263.66.Jefferies downgraded Apple (AAPL.O) from "Hold" to "Underweight"; lowered its price target from $285.56 to $263.66.
