News

Glonghui, April 28 – The Korea Composite Stock Price Index once rose by 1.48% intraday to 6,712.73 points, setting a new all-time high. It eventually closed up 0.39% at 6,641.02 points, reaching a new closing record. The Korea Composite Stock Price Index has surged by 57.59% year-to-date, continuing to lead the global equity markets. It is also worth noting that the market capitalization of the Korean stock market soared to 4.04 trillion US dollars, successfully surpassing the United Kingdom's 3.99 trillion US dollars and ranking eighth in the world.

The market expects that the significant price drop of Thai Golden Pillow durians will materialize after the May Day holiday this year. According to some fruit vendors, the period from May to July is usually when durians offer the best value for money, as prices are lower and both ripeness and taste are more consistent. After July, with a reduction in supply, durian prices may rise again. With the new crop of durians coming to the market in bulk, major supermarkets in Shenzhen have also seen a sharp fall in prices. At physical supermarkets, on April 27, the online mini-program of Rainbow Supermarket in Shenzhen listed Thai Golden Pillow durians at a discounted price of 26.9 yuan per jin, with a minimum order of 3.5 kg. The Walmart mini-program showed a fixed price of 143.49 yuan for 3 kg durians, making the actual unit price 23.9 yuan, significantly lower than before. “Durians in Shenzhen are already at 23.8 yuan per jin!” “Elephant Supermarket is 25.7 yuan/jin, really cost-effective!” Many Shenzhen netizens have also posted recent photos from supermarkets, with prices at Hema and Elephant Supermarket proving equally attractive.

Golden Ten Data reported on April 28 that Naomi Muguruma, a strategist at Mitsubishi UFJ Morgan Stanley Securities, stated that the Bank of Japan appears to be increasingly wary of the risk of “falling behind the curve” regarding inflation. In a report released on Tuesday, the Bank of Japan said that, given that underlying consumer inflation is gradually approaching the 2% target and companies are becoming more willing to pass higher costs on to wages and prices, it is necessary to avoid runaway inflation, which could drag down the economy. The strategist noted: “This suggests that even if the economy slows due to the impact of Middle East conflicts, the Bank of Japan’s path to achieving the 2% inflation target will not change significantly.”