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Gold
4521.77
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97.531
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159.126
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Real-time News
On May 22, Foreign Ministry Spokesperson Guo Jia-kun held a regular press conference. An AFP reporter asked, "According to reports, the Taiwanese authorities are investigating three individuals who smuggled Nvidia chips to mainland China, violating the export ban. What is the Foreign Ministrys comment on this?" Guo Jia-kun replied, "This is not a diplomatic issue, and I am not aware of the relevant situation."On May 22nd, Abhijit Surya, Senior Economist for Asia Pacific at Capital Economics, stated that a series of data this week suggests the Japanese economy has sufficient resilience to support further interest rate hikes. Surya noted that while the global energy crisis will inevitably cause the economy to lose momentum, there are signs that the slowdown may not be very severe. As of mid-May, Japans fuel consumption reserves could cover 206 days, and the rate of inventory depletion has slowed significantly. This suggests that refiners may have made progress in securing non-Middle Eastern supplies. Meanwhile, price pressures are becoming more widespread, with preliminary PMI data indicating that core commodity inflation could approach 8% by the end of 2026. Capital Economics now expects the Bank of Japan to tighten policy more aggressively at a pace of approximately once every four months, raising the policy rate to a terminal level of 2% by the end of 2027.On May 22, Foreign Ministry Spokesperson Guo Jia-kun held a regular press conference. At the conference, Guo announced that China, as the rotating president of the UN Security Council for May, will host a high-level meeting of the Security Council on May 26, with the theme of "Upholding the Purposes and Principles of the UN Charter and Strengthening the International System with the UN at its Core." Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, will travel to New York to chair the meeting. Guo explained that as the rotating president of the UN Security Council for May, Chinas initiative to convene this high-level meeting will focus on the contemporary value of the UN Charter, upholding and implementing its purposes and principles, and strengthening the authority and effectiveness of the UN and its Security Council—issues of widespread international concern. The meeting will be chaired by Foreign Minister Wang Yi and is open to all UN member states. Foreign ministers and high-level representatives from many countries have confirmed their attendance, and UN Secretary-General António Guterres will attend and provide updates. "We hope that all parties will take this meeting as an opportunity to reaffirm the lofty goals established by the Charter, reaffirm their firm commitment to multilateralism, and revitalize the UNs status and role with greater unity and responsibility, thus pooling greater efforts to reform and improve global governance," Guo said.On May 22, Goldman Sachs issued a report stating that Lenovo Group (00992.HK) outperformed expectations in its quarterly results. Net profit fell 5% quarter-on-quarter to US$521 million, exceeding the banks and market forecasts by 269% and 63% respectively, mainly due to stronger-than-expected revenue and gross margin. Revenue declined 3% quarter-on-quarter, despite being in the off-season and rising storage costs, but still exceeded the banks and market expectations by 20% and 13% respectively. Gross margin remained at 16.4%, the same as the quarter ending December 2025, higher than the banks and market forecasts of 14.9% and 14.8% respectively, driving gross profit growth of 6% quarter-on-quarter, exceeding the banks and market forecasts by 32% and 24% respectively. The operating expense ratio was 12.3%, in line with the banks estimate of 12.3%. Goldman Sachs maintains a "Buy" rating on Lenovo Group with a target price of HK$12.53.Polish Foreign Minister Sikorski: Details of the US troop deployment are still unclear.
