EUR/USD
1.17442
-0.088%
Gold
4951.74
0.320%
Oil
59.792
0.347%
USD/JPY
158.631
0.134%
GBP/USD
1.34905
-0.085%
GBP/JPY
214.017
0.070%
Real-time News
Xtep International (01368.HK): Xtep main brand retail sales growth (including online and offline channels) in the fourth quarter of 2025 was flat year-on-year; Xtep main brand retail sales growth (including online and offline channels) in 2025 was low single digits year-on-year.On January 23, Hong Kong stocks opened higher but then fluctuated downwards. The Hang Seng Tech Index initially rose by over 1%, but closed up 0.32% at 26,715.73 points; the Tech Index closed up 0.12% at 5,769.23 points. On the sector front, commercial aerospace stocks were active, while photovoltaic and gold stocks rose strongly, and new consumption concepts rebounded; passenger airline stocks fell, and building materials stocks retreated. In terms of individual stocks, Junda Shares (02865.HK) surged over 29%, Goldwind Technology (02208.HK) rose nearly 9%, GigaDevice (03986.HK), Laopu Gold (06181.HK), and Chifeng Gold (06693.HK) all rose over 7%, Pop Mart (09992.HK) gained 6.5%, Ganfeng Lithium (01772.HK) and Nanjing Panda Electronics (00553.HK) climbed 5%, and Alibaba (09988.HK) climbed 2.6%; MicroPort Robotics (02252.HK) fell 4.6%, and Hua Hong Semiconductor (01347.HK), CNOOC (00883.HK), and PetroChina (00857.HK) dropped 2%.On January 23, Capital Economics reported that the Bank of Japans more optimistic stance on the economic outlook has led it to believe that a rate hike may come sooner than previously expected. At its first policy meeting in 2026, the Bank of Japan kept interest rates unchanged while raising its GDP growth forecasts for the current and next fiscal years. Marcel Thieliant of Capital Economics noted that despite the governments announcement of energy subsidies last November, the Bank of Japan did not lower its inflation forecast, leading him to believe that underlying inflation will no longer remain subdued but will instead rise moderately. With the real policy rate still deeply negative, further tightening is almost a certainty. Even with the possibility of future consumption tax cuts that could distort prices, Capital Economics believes inflationary pressures will remain robust. The firm previously predicted a July rate hike by the Bank of Japan, but now the risks seem to favor an earlier move. Regardless, the firm expects the policy rate to rise to 1.75% by the end of 2027.Fitch Ratings upgrades Vietnams long-term senior secured debt rating to BBB-.On January 23, Investinglive analyst Eamonn Sheridan stated that the Bank of Japans decision to hold rates steady limited short-term market reactions, but dissenting opinions and upward revisions to core inflation expectations reinforced market expectations for further monetary tightening later this year. The Bank of Japan maintained its policy rate at 0.75% by an 8-1 vote, with board member Hajime Takada calling for an immediate rate hike to 1.0%. The Bank of Japan kept its core CPI forecast for fiscal year 2025 unchanged at 2.7%, while slightly raising its forecasts for the next few years. The median core CPI forecast for fiscal year 2026 was revised from 1.8% to 1.9%, while the forecast for fiscal year 2027 remained unchanged at 2.0%. More notably, the "core-core" inflation forecast, excluding fresh food and energy prices, was revised upward throughout the forecast period. These revisions further confirm the view that underlying domestic inflationary pressures remain stronger than expected. Todays statement and report still hint at the possibility of further rate hikes, and we may get more information about the timing of rate increases from Bank of Japan Governor Kazuo Ueda.
