EUR/USD
1.16403
0.073%
Gold
4428.39
-1.755%
Oil
88.743
-4.008%
USD/JPY
159.391
0.063%
GBP/USD
1.34466
-0.001%
GBP/JPY
214.333
0.067%
Real-time News
Pinduoduo (PDD.O) fell more than 10% after its quarterly profit unexpectedly declined.New York gold futures fell below $4,400 per ounce, down 2.28% on the day.On May 27, Guangzhou R&F Properties Co., Ltd. (02777.HK) announced that, in order to make proper arrangements for subsequent debt repayment and ensure fair information disclosure, upon the companys application, trading in its shares "H16 R&F 5", "H16 R&F 6", "H18 R&F 8", "H18 R&F 1", and "H19 R&F 2" will be suspended from the opening of the market on May 28. During this period, the company will fulfill its information disclosure obligations in accordance with regulations and will apply for resumption of trading after the matter is determined.On May 27th, the German Council of Economic Experts lowered its growth forecast for Europes largest economy, citing the Middle East conflict, rising energy prices, and the impact of US trade policies. According to the councils spring report to the government, economists now expect Germanys economy to grow by 0.5% this year, down from the 0.9% forecast in November. The council predicts growth of 0.8% in 2027. The German Ministry of Economic Affairs had already lowered its economic growth forecasts for 2026 and 2027 in April, while raising its inflation forecast. The government now expects economic growth of 0.5% in 2026, down from its previous forecast of 1.0%, and lowered its 2027 growth forecast from 1.3% to 0.9%.On May 27th, Kingsoft Cloud (03896.HK) released its first-quarter financial report, showing a 37.2% year-on-year revenue increase to RMB 2.7 billion. Public cloud revenue grew 47.5% year-on-year to RMB 2 billion. Intelligent computing cloud revenue reached RMB 1 billion, a 90.1% year-on-year increase, accounting for more than half of public cloud revenue for the first time, reaching 50.1%. During the quarter, Kingsoft Clouds internal and external ecosystem businesses progressed in tandem. As the only strategic cloud platform within the Xiaomi Kingsoft ecosystem, Kingsoft Cloud firmly grasped the diverse business needs within the ecosystem, achieving RMB 840 million in revenue, a 68.9% year-on-year increase, accounting for 31% of total revenue. Furthermore, leveraging its existing technological and product accumulation, Kingsoft Cloud accelerated the expansion of its AI capabilities, achieving business breakthroughs in areas such as internet services, general models, embodied intelligence, and intelligent driving this quarter.
