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Real-time News
Japanese Minister of Economy, Trade and Industry Minoru Jonouchi: The CPI is expected to gradually rise due to the situation in the Middle East.On August 26th, Country Garden Services (06098.HK) announced that its revenue for the first half of 2026 was RMB 24,500.5 million, a year-on-year increase of 5.7%; net profit was RMB 948.4 million, a year-on-year decrease of 5.4%; profit attributable to shareholders was RMB 950.3 million, a year-on-year decrease of 4.6%; and core net profit attributable to shareholders was RMB 1,618.5 million, a year-on-year increase of 3.2%. During the period, the company repurchased 34.995 million shares for a total consideration (including transaction costs) of approximately RMB 186 million, of which 24.124 million shares have been cancelled.On August 26, Anta Sports (02020.HK) announced that for the six months ended June 30, 2026, the company achieved operating revenue of RMB 43.507 billion, a year-on-year increase of 12.9%; gross profit of RMB 27.792 billion; operating profit margin of 27.0%, up 0.7 percentage points from the same period last year; basic earnings per share of RMB 3.42 and diluted earnings per share of RMB 3.34.Destri, a candidate for governor of Central Bank Indonesia, said that the central banks interest rate policy will be forward-looking and preventative.On August 26th, DBS Bank economists Taimur Baig and Radhika Rao predicted that the Bank of Korea (BOK) will raise its benchmark interest rate by 25 basis points to 3.00% at its August meeting. They also noted significant room to revise its 2026 GDP growth forecast from the current 2.6% to approximately 3.5%, and its 2027 CPI inflation forecast from the current 2.3% to near 3.0%. They pointed to stronger-than-expected economic growth in the first half of the year, continued core inflation, and rising housing prices as supporting factors. However, they also stated, "However, we cannot rule out the possibility that the BOK will adopt a hawkish stance and remain on hold at this meeting. This assessment mainly reflects the recent tightening of financial market conditions due to the sharp appreciation of the won and increased volatility in the KOSPI index. Therefore, the BOK may maintain the current interest rate at this meeting while hinting at a possible further rate hike at the October meeting."
