EUR/USD
1.15114
-0.243%
Gold
4860.92
-2.901%
Oil
97.909
2.825%
USD/JPY
159.476
0.304%
GBP/USD
1.33107
-0.332%
GBP/JPY
212.278
0.032%
Real-time News
March 18th - Recently, reports of HK$300 billion of Middle Eastern capital flowing into Hong Kong have been circulating widely in the market. After interviewing several Hong Kong banks, securities firms, financial institutions, and Middle Eastern market researchers, it was learned that since the outbreak of conflict in the Middle East, there has indeed been an increase in foreign capital inflows into the Hong Kong market, including some funds from the Middle East. However, the specific scale and true destination of these inflows are difficult to accurately quantify and verify. What is clear is that: on the one hand, the turmoil in the Middle East has led to a continued rise in global demand for safe-haven assets; on the other hand, Middle Eastern capital has been continuously investing in the Hong Kong and mainland capital markets over the past two years, making Hong Kong an important choice for global capital allocation, including Middle Eastern capital.On March 18th, Tencent executives responded to questions about rising storage chip prices, stating that the surge in demand for artificial intelligence has not only driven a rebound in demand for DRAM and high-bandwidth memory (HBM), but also a comprehensive recovery in demand for CPUs, solid-state drives (SSDs), and hard disk drives (HDDs). Orders now need to be placed months, quarters, or even years in advance. Suppliers are prioritizing their largest and most stable clients, such as Tencent Cloud. Smaller cloud vendors are now finding it difficult to secure stable supply chain support. The Tencent executives indicated that, under these circumstances, the industry may have no choice but to pass on increased costs to higher prices. In the past 24 hours, several Chinese cloud vendors have raised prices across multiple areas.Google: Threat intelligence group Google Tiger has identified threat actors who have deployed exploit chains against targets in Saudi Arabia, Turkey, Malaysia and Ukraine.Irans Ministry of Oil: Some infrastructure at the South Pars gas field has been damaged, but there are no reports of casualties.The Israeli Defense Forces attacked a Hezbollah-controlled gas station in Lebanon.
