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Most of the Chinese stocks listed in Hong Kong fell, with Baozun E-Commerce (09991.HK) falling more than 9%, Xpeng Motors (09868.HK) falling more than 6%, Beike (02423.HK) and Zhihu (02390.HK) falling more than 4%, and JD.com (09618.HK) falling more than 3%.March 25th news, the reporter learned on the 25th that according to the latest arrangement of the Beijing Stock Exchange, the Beijing Stock Exchange Listing Committee is scheduled to hold the first review meeting of 2025 at 9 am on March 26. Jiaoda Tiefa will become the first company to make its first appearance at the meeting on the Beijing Stock Exchange this year.US Geological Survey: Magnitude 7 earthquake occurred in Riverton area of New Zealand.March 25th news, on March 25th, the Boao Forum for Asia 2025 Annual Meeting Press Conference and Flagship Report Release Conference was held. Two flagship reports, "Asia Economic Prospects and Integration Process 2025 Annual Report" and "Sustainable Development Asia and the World 2025 Annual Report", were released at the meeting. The report mentioned that Asian financial markets will remain generally stable amid frequent fluctuations. Affected by factors such as the macroeconomic situation, the pace of monetary policy adjustments in major economies such as the United States and Europe, and geopolitical risks, stock market indices of Asian economies may fluctuate more frequently in 2025, but most are expected to remain on an upward trend. The exchange rates of major Asian economies are expected to remain stable overall, while the currencies of most economies may face depreciation pressure. Declining inflation and continued loose monetary policies in many economies may bring a mild boost to economic activities, and the yields of 10-year government bonds in major Asian economies may fall back. Banking risks are generally controllable.German Geoscience Research Center GFZ: A 6.24-magnitude earthquake occurred on the west coast of New Zealands South Island.

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