Asia Market Movers: Meta launches $799 Ray-Ban Display AR glasses with neural wristband

Thursday, 18 Sep, 2025 Stocks Meta launches $799 Ray-Ban Display AR glasses with neural wristband At Meta Connect 2025, Mark Zuckerberg unveiled the company's new Meta Ray-Ban Display smart glasses, a next-generation wearable that blends a camera with a built-in display to deliver true augmented r Central Banks New Zealand dollar extending its losses after terrible data, forecasts for more rate cuts The data from New Zealand was very disappointing indeed: New Zealand Q2 GDP -0.9% q/q (vs. -0.3% expected) -0.9% is three times worse than what was expected. Its prompted forecasts for more interest r Learn more Central Banks Westpac forecasts Reserve Bank of New Zealand rate cuts in October and November Westpac now expects the Reserve Bank of New Zealand to step up its easing cycle, forecasting the Official Cash Rate will be lowered to 2.5% at the October meeting and then cut again to 2.25% in Novemb Central Banks PBOC is expected to set the USD/CNY reference rate at 7.1113 – Reuters estimate People's Bank of China USD/CNY reference rate is due around 0115 GMT. The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as News Japan machinery orders +4.9% y/y (expected +5.4%) Japan core machine orders data for July 2025. These data are a leading indicator of capital spending in the coming six to nine months. It's a volatile data set. -4.6% m/m expected -1.7%, prior 3.0% +4 Central Banks Hong Kong's central bank follows the Fed, cuts base rate by 25bp to 4.5% The Hong Kong Monetary Authority (HKMA) adjusts its interest rates in line with the U.S. Federal Reserve's decisions primarily because of the linked exchange rate system between the Hong Kong Dollar ( Central Banks Bank of England meeting preview - to slow bond sales, keep rates steady at 4% The Bank of England is expected to slow the pace of its quantitative tightening programme at Thursday's meeting, while leaving interest rates unchanged at 4%. Policymakers are likely to vote 7–2 in fa News Reuters: China auto glut sparks discounts, gray markets, and survival fears for carmakers China's auto sector is in turmoil as years of state-driven overproduction have created a glut of vehicles, forcing steep discounts, gray-market sales, and unprofitable dealers. Analysts warn only a ha Learn more News New Zealand Q2 GDP -0.9% q/q (vs. -0.3% expected) New Zealand Q2 GDP Gross Domestic Product -0.9% (QoQ) (Q2) expected -0.3%, prior 0.8% The Reserve Bank of New Zealand's forecast was for a 0.3% fall Gross Domestic Product -0.6% (YoY) (Q2) expected 0.

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