Market news: Malaysia is considering re-imposing consumption tax to boost finances.

Meitu Inc. (01357.HK) had revenue of RMB 1.62 billion in the first half of 2024, a gross profit margin of 64.9%, and 260 million monthly active users in the first half of the year.

The Indian cabinet has approved the establishment of 12 industrial cities with an investment of 286 billion rupees.

Fitch: An increasing number of companies face high vulnerability to climate transition risks.

British bank stocks were lower in early trading, with NatWest falling 4.15%, Lloyds falling 3.3% and Barclays falling 3%.

The euro fell 0.3% against the Swiss franc to 0.9385 during the day, the lowest level since August 8.

The Hong Kong Observatory issued a yellow rainstorm warning signal.

Market news: Due to the typhoon, Honda will suspend production at its Kumamoto plant on Thursday and Friday.

National Hurricane Center: The weakening trend of Gilma has eased, but it is still expected to become a remnant low pressure system when it approaches Hawaii.

Li Auto (LI.O) stocks turned positive before the US market opened.

Sources familiar with the matter: Negotiators from Israel, the United States, Egypt and Qatar held “technical/working-level” Gaza ceasefire talks in Doha on Wednesday.

Citi: Maintain three-month aluminum and zinc price targets unchanged at $2,500 and $2,800 per ton, respectively.

Japan Meteorological Agency: Storm surge emergency alert issued in Kagoshima, Japan.

Due to the typhoon, Japan Airlines canceled 122 domestic flights on Wednesday and 159 flights on Thursday.

Citi: Zinc prices could hit $3,100 per ton in the fourth quarter of 2024 or early 2025 due to supply-side constraints and improved manufacturing sentiment.

The trading price of baseload electricity for next-day delivery in France rose nearly 10% to 95 euros per megawatt-hour.

Hungarian Ministry of Economy: The Competition Authority has launched an investigation into retailers’ price increases.