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06/02/2026
The central bank conducted a net withdrawal of RMB 146.0 billion in the open market operations today.
Latest
4 m ago
Samsung Electronics erased its previous 4.8% decline and is now up 0.6%.
5 m ago
Many milk tea stores temporarily closed due to excessive orders.
7 m ago
The Taiwan stock market recovered lost ground, after falling by up to 2% earlier.
8 m ago
The price of gold fell sharply to near $4680 during the early Asian trading session on Friday. However, as market sentiment stabilized and the US dollar weakened, gold and silver attracted buyers again, with spot gold surpassing $4830. The previous decline was believed to be traders reducing positions to make up for losses in the stock market and adjust their positions. The Chicago Mercantile Exchange also raised the initial margin requirements for gold and silver futures contracts, increasing the amount of collateral traders must deposit to open and maintain positions. The decline in tech stocks forced some traders to sell gold positions to meet margin requirements, putting pressure on gold prices. Looking ahead, the US dollar is expected to remain the core driver of short-term trends, with precious metals typically moving inversely. Analysts at ING Bank in the Netherlands suggest that in the short term, volatility may remain high as the market continues to digest last week's position adjustments. In the absence of a substantial change in macroeconomic fundamentals, recent selling is expected to be corrective rather than structural.
8 m ago
The Land Surveying Satellite No. 01 and the Ocean Salinity Detection Satellite developed by the China Academy of Space Technology have entered into operational service.
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