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Hong Kong-listed application software stocks continued their sharp decline, with Zhipu (02513.HK) falling more than 12%, MiniMax (00100.HK) falling more than 8.5%, and Weimob Group (02013.HK) and Haiqing Zhiyuan (01392.HK) both falling more than 5%.

2026-09-08

Hong Kong-listed application software stocks continued their sharp decline, with Zhipu (02513.HK) falling more than 12%, MiniMax (00100.HK) falling more than 8.5%, and Weimob Group (02013.HK) and Haiqing Zhiyuan (01392.HK) both falling more than 5%.

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2026-09-08

ERDOGAN said Turkey will continue to prioritize investment, employment, production and exports over the next three years.

ERDOGAN said Turkey will continue to prioritize investment, employment, production and exports over the next three years.
2026-09-08

Bank of America data shows that there are currently approximately $7 trillion in outstanding US Treasury bonds, the vast majority of which will mature within one year. Since short-term debt has a maximum maturity of only 52 weeks, its financing costs

Bank of America data shows that there are currently approximately $7 trillion in outstanding US Treasury bonds, the vast majority of which will mature within one year. Since short-term debt has a maximum maturity of only 52 weeks, its financing costs will be quickly repriced along with policy interest rates. If the Federal Reserve raises interest rates by a cumulative 75 basis points this year, and this is fully transmitted to these short-term bonds, a simple static calculation would be: $7 trillion × 0.75% = $52.5 billion, equivalent to approximately 15-16 basis points of GDP. For reference, the CBO benchmark forecast has projected that US net interest expenses will be approximately $1 trillion in 2026, representing 3.3% of GDP, rising to 4.6% by 2036.
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