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Fast Retailing(6288): reported strong interim results for the six months ended February 28, 2026, with consolidated revenue of ¥2,055.2 billion, a year-on-year increase of 14.8%. Operating profit rose significantly by 31.7% to ¥400.6 billion, while profit attributable to owners of the parent company reached ¥279.2 billion, a year-on-year increase of 19.6%, marking its best performance ever. Benefiting from strong profitability, the company significantly increased its interim dividend from ¥240 in the same period last year to ¥320 per share. Given the better-than-expected first-half results, Fast Retailing raised its full-year 2026 earnings forecast, projecting revenue of 3.9 trillion yen and a parent company attributable profit target of 480 billion yen.

Market awaiting US CPI data

The S&P 500 index rose for the seventh consecutive day, boosted by this, reflecting a significant decline in geopolitical risk premiums. However, the energy market remains volatile. Although oil prices fell by more than 10% this week, they rebounded from their lows due to Trump's tough stance on navigation fees in the Strait of Hormuz. Macroeconomically, while the ceasefire has temporarily eased supply chain pressures, the market is still holding its breath awaiting US CPI data. If inflation shows resilience, the balance between economic slowdown and price pressures will become more difficult for monetary policy. Currently, geopolitical risks have shifted from military conflict to political negotiations, reshaping investors' expectations for risk asset allocation.

Hong Kong Stock Connect saw a net inflow of HK$12.593 billion on Thursday, with the Tracker Fund of Hong Kong (02800) seeing the largest inflow at HK$5.63 billion, followed by Xiaomi Group-W (01810). China National Offshore Oil Corporation (00883) recorded the largest net outflow at HK$210 million, followed by Xunze (03317).