Banks and mining stocks led the market The Australian stock market fell another 1.05% on Thursday

​

Australian shares tumbled more than a percent on Thursday, marking a fourth day of losses in a row, amid growing anxiety in global financial markets that the U.S. debt-ceiling crisis remains unresolved.The Australian share market composite index fell 76.2, equivalent to 1.03%, to close lower at 7,316.7.

​

Foreign Exchange Trading Reminder 

​

Beijing time on Friday (May 26), the dollar strengthened against a basket of major currencies for the fourth consecutive session on Thursday, hitting a two-month high, as U.S. data showed that even in the Fed's aggressive interest rate hike cycle, the economy remains resilient; gold prices hit their lowest level in two months, as optimism surrounding U.S. debt-ceiling negotiations reduced safe-haven demand for the metal.

​

SFC suspends Humm from signing new clients

​

The Australian Securities and Investments Commission (ASIC) has issued a moratorium on fintech company Humm Group's "buy now pay later" product, preventing it from registering new customers.The ASX-listed fintech company told investors on Friday morning that AustralianThe CSRC has ordered it to suspend signing new buy-now-pay-later client contracts, citing concerns about the target market positioning of its buy-now-pay-later products.