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On May 30th, Xiaomi officially unveiled its end-to-end optimization solution for the inference system of the MiMo-V2.5 series models. According to Xiaomi, the team systematically reconstructed the entire inference stack, from KVCache management, hierarchical caching, and prefix caching to scheduling strategies and the Prefill/Decode link, based on a hybrid architecture of Hybrid SWA+MoE+multimodal. KVCache storage was compressed to approximately 1/7 of comparable solutions, significantly reducing inference costs in long-sequence scenarios—this is the core technological foundation for this price reduction. On May 27th, the MiMo-V2.5 series API underwent a permanent price reduction, with a maximum reduction of 99%, regardless of input length.On May 30, the nations first green computing power full-stack AI platform was officially launched in the Hohhot Area of the Inner Mongolia Pilot Free Trade Zone, filling the gap in the regions one-stop computing power model word element comprehensive service transaction.The UK Maritime Trade and Operations Authority stated that the maritime security threat level in the Strait of Hormuz remains extremely high due to the blockade.On May 30, the Ukrainian Presidential Press Service announced that Volodymyr Zelenskyy signed two presidential decrees formally implementing measures by the National Security and Defense Council of Ukraine in conjunction with EU sanctions. This round of sanctions covers a total of 120 individuals and related organizations. It is understood that these sanctions are based on the EUs 20th round of sanctions and focus on key sectors of the Russian economy. Russia has not yet responded.On May 30th, Cui Dongshu, Secretary-General of the China Passenger Car Association (CPCA), stated that global auto sales reached 96.89 million units in 2025, a year-on-year increase of 6%. Global auto sales in April 2026 reached 7.99 million units, a year-on-year increase of 4%. From January to April 2026, global auto sales reached 30.96 million units, a year-on-year increase of 1%. With the relatively negative growth in the US and Chinese auto markets at the beginning of the year, global auto sales growth in the first four months of 2026 is expected to be weak. China accounted for 35.4% of the global auto market in 2025; at the beginning of 2026, Chinas share was 30.9%, a relatively low start due to the Spring Festival effect. As the effects of policy stimulus gradually recover and become apparent, the Chinese auto market is expected to gradually strengthen starting in the second half of the year.

Hang Seng Index, ASX200, Nikkei 225: Hang Seng Slides on Fed Fear

Alice Wang

Feb 21, 2023 15:39


Market Overview

It was a mixed morning session. There were no US economic indicators from Monday to provide direction, with the US markets closed to commemorate George Washington’s birthday. With no stats to consider, the US futures market, Asian economic indicators, and Fed Fear weighed on the Hang Seng Index and the broader Asian markets.


Fading hopes of a China economic resurgence also weighed on market sentiment this morning.


Private sector PMI numbers for February were in the spotlight today, which failed to drive demand for riskier assets ahead of today’s US PMI numbers.


For the ASX 200 and the Nikkei 225, investor sentiment toward central bank policy outlooks remained headwinds ahead of tomorrow’s FOMC meeting minutes. Amidst hawkish Fed bets, there is uncertainty over the Bank of Japan’s monetary policy outlook as inflationary pressures build.

ASX 200

The ASX 200 was down 0.23% this morning. A bearish end to the week for the Dow Jones and a fall in the Dow mini weighed ahead of economic indicators and the RBA meeting minutes.


Ahead of the RBA meeting minutes, private sector PMIs for February delivered mixed results. While the manufacturing PMI increased from 50.0 to 50.1 in February, the services sector continued to contract. According to prelim figures, the services PMI rose from 48.6 to 49.2.


Following the mixed PMI numbers, the RBA released its monetary policy meeting minutes, which delivered no surprises. Last week, RBA Governor Lowe signaled more interest rate hikes to tackle inflation. According to the minutes,


“Members agreed that further increases in interest rates are likely to be needed over the coming months ahead to ensure that inflation returns to target and that the current period of high inflation is only temporary.”


This morning, bank stocks had a bearish morning. Westpac Banking Corp (WBC) and National Australia Bank (NAB) saw losses of 1.32% and 0.99%, respectively. Commonwealth Bank of Australia (CBA) and ANZ Group (ANZ) also saw red, falling by 0.69% and 0.76%, respectively.


Mining stocks had a mixed session. Rio Tinto (RIO) and Fortescue Metals Group (FMG) were up by 1.22% and 2.92%, respectively, while BHP Group Ltd (BHP) slipped by 0.33%. Newcrest Mining (NCM) was up by 0.63%.


Oil stocks found support, with Woodside Energy Group (WDS) and Santos Ltd (STO) rising by 0.49% and 0.29%, respectively. The gains came despite WTI sitting remaining at sub-$77 this morning.


On the earnings front, BHP Group Ltd released earnings today. A cut in dividend payouts off a slide in profits weighed. The company declared a $0.90 a share. The dividend payout was down from $1.50 a share a year ago.

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