EUR/USD
1.16467
-0.149%
Gold
4523.24
-0.488%
Oil
88.174
1.247%
USD/JPY
159.448
0.121%
GBP/USD
1.34582
-0.065%
GBP/JPY
214.593
0.055%
Real-time News
June 1st - It was learned today that the State Administration for Market Regulation has launched a plan to formulate and revise 401 national metrological technical specifications, of which 346 are newly formulated specifications, accounting for 86.3%, covering multiple fields such as general metrological management, carbon peaking and carbon neutrality, digital transformation, advanced measurement, ecological environment, and life and health.According to the Financial Times, Intel (INTC.O) plans to launch an artificial intelligence chip by the end of the year, which will use cheaper memory and cooling technology than its competitors Nvidia and AMD.June 1st - European Central Bank (ECB) Executive Board member Schnabel stated that the ECB can no longer ignore the inflationary impact of the Iran war as price pressures spread beyond energy and the risk of inflation expectations becoming unanchored rises. Schnabel said on Monday that the disruption to energy infrastructure and global supply chains has altered price dynamics in a more lasting way, meaning policymakers may need to respond even if the conflict ends immediately. Schnabel stated that it is too early to say how many interest rate hikes are needed, and policymakers will continue to assess upcoming data and developments in the Middle East. She said, "Its too early to say that the hikes will end after a certain number of times. We really have to see what happens next." She indicated that the current shock differs from previous energy crises because it increasingly acts as a global demand shock, while simultaneously pushing up production costs worldwide.Hong Kong-listed stocks related to the MINIMAX concept continued to decline, with Zhipu (02513.HK) falling by more than 10% and MINIMAX-W (00100.HK) falling by more than 7%.June 1st - Demand for AI propelled Japanese stocks to record highs, with SoftBank surpassing Toyota to become Japans most valuable company on Monday. With its significant exposure to ChatGPT developer OpenAI and broader ambitions in the AI field, SoftBank has transformed itself into a vehicle for the current investment frenzy sweeping the Japanese market. SoftBank has risen nearly 73% year-to-date and hit another record high on Monday, gaining over 8%, after pledging up to €75 billion in investment in France to build a massive AI computing cluster network. Its market capitalization now exceeds 46 trillion yen (approximately $288 billion). Toyota, whose market capitalization closed slightly above 48 trillion yen on Friday, fell nearly 4.5% on Monday, dropping below 46 trillion yen. The automaker surpassed telecommunications group NTT Docomo to become Japans most valuable company in this metric in 2003.
