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Tariff Pause Could Further Support South Korea's Job Market: MIDF
The gains of the three major U.S. stock index futures narrowed to nearly flat, most Chinese concept stocks rose, Gold continued to adjust, and the Korean won rose significantly.
In Pre-Market Trading, the three major index futures are almost flat. Some Technology stocks have risen, with NVIDIA up about 2% and AMD up about 1.5%. Previously, both companies announced they would provide Semiconductors to an AI company in Saudi Arabia for a $10 billion Datacenter project. Pony.ai's stock rose over 16% in Pre-Market Trading, with reports that the company plans to apply for a confidential listing in Hong Kong, and Pony.ai has accumulated a rise of over 38% in the past five trading days.
South Korea's Seasonally Adjusted Jobless Rate Declines to 2.7% in April
South Korea's Exports Decline 23.8% in First 10 Days of May
South Korea to Closely Monitor Markets After US Fed Holds Rates
Paul Chan Mo-po, the Financial Secretary of Hong Kong: It is expected that interest rates will remain at a low level for some time, which is beneficial for the property purchase business.
The Hong Kong dollar has strengthened recently, prompting the Monetary Authority to intervene multiple times to take on USD sell orders, causing the 1-month Hong Kong Interbank Offered Rate (HIBOR) related to mortgages to hit a new low of over two and a half years.