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Golden Ten Data reported on April 22 that the offshore RMB Hong Kong Interbank Offered Rate (CNH HIBOR) on Wednesday showed mixed changes in key term rates. The one-week HIBOR slightly dropped to 1.35909%, and the two-week HIBOR fell to 1.37576%, both hitting their lowest levels since August 1, 2025. The overnight HIBOR rose by 3 basis points to 1.31273%. The one-year HIBOR edged down to 1.73515%, reaching a new historical low.

Glonghui April 22 — According to Korean media, due to the continuously surging demand for storage from Tesla, Samsung Electronics has tripled its monthly supply of DRAM chips to Tesla in April this year. Sources indicate that, as Tesla is facing difficulties with memory supply, Samsung’s supply of 8GB GDDR6 DRAM to Tesla in April increased threefold compared to the average monthly level in the first quarter. Meanwhile, Samsung has increased production at its Hwaseong plant in Korea to meet the DRAM needs of its customers. The DRAM chips supplied by the company to Tesla are mainly used in Tesla’s vehicle infotainment and autonomous driving systems. Last year, Samsung signed a long-term semiconductor manufacturing agreement with Tesla, valued at about 16.5 billion US dollars. Samsung also plans to start producing advanced artificial intelligence chips for Tesla at its Texas facility in the second half of 2026.

Golden Ten Data reported on April 22 that Japan’s imports and exports continued to grow in March, but the trade outlook for the coming months remains overshadowed by the Middle East war. According to Yasuhisa Irie, an economist at Mizuho Securities, in the short term, Japan’s total imports are likely to remain roughly flat due to constrained supply suppressing imports and surging energy prices undermining consumer confidence, thus limiting demand. Takeshi Minami, an economist at Norinchukin Research Institute, expects the effects of energy shortages to become more pronounced starting in April. Minami stated, “Although the (Japanese) government has begun releasing crude oil reserves and claims to have secured alternative procurement routes that do not rely on the Strait of Hormuz, a prolonged blockade could trigger significant economic contraction in emerging markets with lower oil reserves.” He added that this situation is expected to harm Japan’s economy in multiple ways, including slowing economic activity and intensifying inflationary pressures.