GMT EIGHT - Economy&politics -

The Entry of JD.com and Taobao Accelerates the Decline of "Flash Express"

U.S. Auto Market Hit Hard by Tariffs, May Sales Record Sharpest Decline in Five Years

U.S. Congressional Budget Office Projects $2.42 Trillion Increase in Deficit Under Republican Tax Bill

The Federal Reserve’s Beige Book Highlights Gloomy Economic Outlook as Tariffs Drive Costs Higher

Transformation, Overseas Expansion, and Policy Incentives Drive Hong Kong IPO Surge

Import decline hits record high, US trade deficit narrows by more than 50% in April.

In April, the trade deficit in the United States narrowed to its largest extent in history, with the largest decrease in imports. This indicates that some companies abruptly stopped stockpiling goods in anticipation of tariff increases.

The number of initial jobless claims in the United States unexpectedly soared to 247,000, reaching an eight-month high.

Last week, the number of initial jobless claims in the United States unexpectedly rose to its highest level since October of last year, further indicating that the labor market is cooling off.

Johnson pushes to maintain $40,000 SALT deduction cap. Can the "Build Back Better" bill pass the Senate?

Speaker of the House Johnson is working to maintain the $40,000 limit on state and local tax deductions in the tax bill draft.

The European Central Bank cut interest rates for the eighth time this year due to falling inflation and trade pressure.

For the first time in eight months, the inflation rate has dropped below 2%, and amid continued impact on the economy from the US tariff policy, the European Central Bank announced on June 5th a 25 basis point cut in the deposit rate to 2%, in line with market expectations.

Shout "diamonds are forever" Darbyshire is about to change hands, led by two former leaders.

After receiving indications of interest from potential buyers, the Anglo-American Resources Group is about to kick off the formal selling process of Derby's.

The Hong Kong court has set the date for the preliminary hearing of the insider trading case involving Wong Po-Ying.

The Eastern District Court in Hong Kong has tentatively set the date for the trial of the insider trading charges filed by the Securities and Futures Commission against Wong Pak Ming (male) to begin on November 24, 2025.

The temporary stability of U.S. debt cannot hide the hidden worries of the deficit. The market holds its breath, waiting quietly for the non-farm payroll data to determine the path of interest rate cuts.

The rising trend of U.S. Treasury bonds has stabilized, with investors remaining cautious ahead of the employment report released on Friday and slightly reducing their bets on the Fed cutting interest rates.

Continued weak nickel prices prompts rebound catalyst? Indonesia suspends nickel mining near "diving paradise"

"Diving Paradise" Needs Protection: Indonesia Suspends Production of Nickel Mine in Raja Ampat Islands Due to Tourism Concerns. Indonesia will temporarily suspend production at a nickel mine in the Raja Ampat Islands of West Papua due to concerns that it could negatively impact the tourism industry.

Ally: Expect Hong Kong commercial property to see the light at the end of the year, suggesting raising the investment immigration limit for buying commercial properties.

Commercial property is expected to see the first light of dawn at the end of 2025, with transactions already showing signs of recovery.

Hong Kong Land Registry: Bulk sale and zero application of presale flats agreed in May.

On June 5th, the Hong Kong Land Registry announced that no cases of new project presale consents or applications had been approved in May. This marks the first time since February 2022 that zero applications or approvals have been recorded, the last time being over 3 years ago.

Edward Yau: Recognition by Rating Agencies Shows Hong Kong's Resilience, Investors' Confidence in Hong Kong Strengthens

Chen Maobo said that Hong Kong has repeatedly proved pessimists wrong, becoming stronger and investors' confidence in Hong Kong has increased.

Japan plans to collaborate with the United States on the rare earth supply chain.

The Japanese government will propose to cooperate with the United States on the rare earth supply chain, as a result of recent export restrictions imposed by China on these critical minerals.

The first batch of 38 national retail industry innovation promotion pilot cities list has been announced.

On June 5th, the General Offices of the Ministry of Commerce and five other departments issued a notice announcing the first batch of pilot cities for innovation and improvement in the national retail industry.

Emerging market assets continue to soar: South Korea leading the way, weak dollar providing assistance.

The emerging market stock market has risen for the third consecutive trading day, with assets in South Korea continuing their global-leading rally after the end of the presidential election.

June effect is coming? US small cap stocks are expected to break out of the downturn

The small-cap benchmark Russell 2000 Index has not reached a new high since 2021, and has fallen 5.9% so far this year.

AI spending dominates the top priority of enterprises! The momentum of software stocks teaming up with AI computing power is still going strong.

Bank of America's research data shows that global enterprises are increasingly focusing on investment in AI application software. Budget expenditure on enterprise AI software is expected to continue to show strong expansion from 2025 to 2026.

Hong Kong Exchanges and Clearing Limited: As of the end of May, the market value of the Hong Kong stock market was 40.9 trillion Hong Kong dollars.

According to data from the Hong Kong Stock Exchange, as of the end of May 2025, the total market value of the Hong Kong securities market was 40.9 trillion Hong Kong dollars, up 24% year-on-year. The average daily turnover in May was 210.3 billion Hong Kong dollars.

Ministry of Commerce responds to US raising tariffs on steel and aluminum: Urges US to stop generalizing and abusing the concept of national security.

The Chinese side urges the US to respect economic laws, abandon zero-sum thinking, stop generalizing and abusing the concept of national security, and work with all parties to uphold a rules-based multilateral trading system. Through equal dialogue to address respective concerns, we can jointly maintain the stability of the global industrial and supply chains.

UK inflation data now "oops" Vehicle tax statistics error led to April CPI overestimation by 0.1 percentage points.

The UK Office for National Statistics stated that due to incorrect vehicle excise duty data provided by the government's transportation department, the overall inflation rate that shocked the market in April was 0.1 percentage points higher than it should have been.

Hong Kong Rating and Valuation Department: Private residential completions in April dropped by 19%, hitting a new low since September last year.

The latest report released by the Hong Kong Rating and Valuation Department shows that in April of this year, Hong Kong recorded 1610 newly completed private residential units, a decrease of 19% compared to the previous month's 1976 units, and a new low since September of last year.

Seeking Coverage

Being Writer

Exploring Cooperation