Correct the grammar and keep the short form: " China import export data will be out today with the consensus estimate imports YoY decrease 5% and consensus estimate exports YoY decrease -12.5%. 
The forecast from HSBC Global Research for the USD-RMB pair has been revised, with an expectation of reaching 7.10 by the end of 2023 and 7.00 by mid-2024. The USD-RMB currency pair has lost upward momentum due to authorities tightening foreign exchange policies and expressing more support for economic growth. However, there are challenges such as cyclical weakness, structural concerns, and a significant yield disadvantage. 
WHARF REIC (01997.HK) weaker-than-expected 1H23 results, with an underlying profit decline of 9% YoY to HKD3.1bn. The group’s effective borrowing rate rose to 4.7% per annum due to the interest rate hike cycle. Chairman and managing director, Stephen Ng, mentioned in an online conference that the company has been actively reducing its debt since 2Q to offset the impact of higher interest rates. Ng also noted that the recovery of Hong Kong’s retail market is unpredictable due to various factors and that the group will enhance the competitiveness of its office properties to increase market share. However, the hotel industry continues to face a shortage of manpower. 
The US market saw mixed performance on Monday, with a gauge of global equities rising and the dollar slightly higher. This followed a mixed US jobs report last week and investors waiting for US and Chinese inflation data that could impact the stock market’s recovery. The dollar recovered from a one-week low and Treasury yields were mixed. The US economy’s strong growth has eased fears of a recession, but rising bond yields are seen as a risk for equity investors. Corporate results have beaten lowered expectations, with roughly 90% of S&P 500 earnings reported better than consensus estimates. This week, data on the US consumer price index is expected to show slightly higher inflation. The Treasury Department plans to sell $103 billion in Treasuries this week, and the US credit rating was downgraded by Fitch. The shift in yields has aided the dollar, while gold prices slid and oil prices fell.
Berkshire Hathaway (BRK) reported impressive Q2 earnings, exceeding consensus estimates. The company’s revenue reached $92.503 billion, surpassing market expectations and representing a 21.4% increase compared to the same period last year. Net profit also saw a significant turnaround, reaching $35.912 billion compared to a loss in the previous year. Of particular significance to Warren Buffett, the company’s operating profit for Q2 exceeded expectations and showed a year-on-year increase. The increase in net profit was largely attributed to substantial growth in investment income, with Apple being a significant contributor to Berkshire Hathaway’s overall performance. The company also repurchased a significant amount of its common stock in Q2 and held a significant amount of cash reserves. Overall, the Q2 earnings report showcases Berkshire Hathaway’s strong financial performance. The shares jumped to a record high by rising more than 3.5%. 
Tesla’s chief financial officer (CFO), Zach Kirkhorn, has stepped down from his position, and the company’s chief accounting officer, Vaibhav Taneja, has been appointed as the new CFO. The news initially caused Tesla’s shares to dip nearly 3%, but they recovered to close down less than 1% for the day. Kirkhorn will continue to assist with the transition through the end of the year. Taneja has been with Tesla since 2017 and previously worked for SolarCity. This marks the second CFO replacement at Tesla in just over four years.
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