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Hong Kong nonferrous metals stocks extended declines; China Molybdenum (03993.HK) and Jiangxi Copper (00358.HK) were down more than 6%, Minmetals Resources (01208.HK) fell over 5% and Jinli Permanent Magnet (06680.HK) dropped about 4%.

2026-06-23

Hong Kong nonferrous metals stocks extended declines; China Molybdenum (03993.HK) and Jiangxi Copper (00358.HK) were down more than 6%, Minmetals Resources (01208.HK) fell over 5% and Jinli Permanent Magnet (06680.HK) dropped about 4%.

Other News
2026-06-23

1. Trump signed two executive orders to push for the deployment of quantum computers for scientific research by 2028. 2. Micron and Anthropic signed a multi-year storage product supply agreement. 3. Alibaba released the video generation model Happy

1. Trump signed two executive orders to push for the deployment of quantum computers for scientific research by 2028. 2. Micron and Anthropic signed a multi-year storage product supply agreement. 3. Alibaba released the video generation model HappyHorse 1.1. 4. Baichuan released its next-generation medical enhancement model, M4. 5. Concerns about an AI bubble intensified, causing tech giants to collectively plunge, with Google's talent exodus triggering a decline in US tech stocks. 6. Europe released a record-breaking 35 new NVIDIA AI supercomputers. 7. SpaceX and Reflection AI signed a computing power agreement worth over $6 billion. 8. Chevron and Microsoft signed a 20-year power supply agreement to provide natural gas power for their Texas AI data centers. 9. UBTECH released its next-generation embodied intelligent humanoid robot, Walker C1, designed for commercial service scenarios. 10. The Central University of Finance and Economics and Zhaoqi Supply Chain jointly open-sourced the WorkMate super AI working partner. 11. JD.com open-sources JoyAI-VL-Interaction, a real-time video visual language interaction model. 12. National Energy Administration: The rapid development of emerging industries such as computing power facilities and 5G base stations will become an important component of future electricity consumption growth.
2026-06-23

Japanese government bond yields ticked up on Tuesday following moves in overnight US Treasures, stoking market speculation the Bank of Japan could speed up rate hikes to counter yen weakness. Japan’s finance minister Katayama held an online call with

Japanese government bond yields ticked up on Tuesday following moves in overnight US Treasures, stoking market speculation the Bank of Japan could speed up rate hikes to counter yen weakness. Japan’s finance minister Katayama held an online call with US Treasury Secretary Bessent on Monday amid volatile FX; NHK and Kyodo reported the talks likely covered the exchange rate and may have included the possibility of FX intervention. Mitsubishi UFJ Morgan Stanley Securities senior bond strategist Keisuke Tsuruta said Bessent’s past actions have helped create conducive conditions to BOJ tightening and that the meeting could prompt market bets on faster hikes. Sumitomo Mitsui analyst Lisa Mochizuki noted USD/JPY in the mid-161s increases the likelihood the BOJ will signal a more hawkish stance, which could push mid-dated JGB yields higher.
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