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On December 31, the U.S. Treasury Department announced on December 30 that it had lifted sanctions against Alexandra Briko, former chief financial officer of Sberbank, Russias largest state-owned commercial bank. In February 2022, Russia announced special military action against Ukraine; in April of the same year, the United States announced sanctions against Sberbank and other entities and individuals.On December 31st, the highest 7-day annualized yield of Tencent Wealth Managements "Current Account +" was 1.3350%, and the lowest was 0.9220%. The highest 7-day annualized yield of WeChat Pays "Lingqian Tong" was 1.1670%, and the lowest was 1.0660%. The highest 7-day annualized yield of Alipays "Yuebao" was 1.1920%, and the lowest was 1.0180%.On Wednesday, December 31, the Hang Seng Index opened down 53.11 points, or 0.21%, at 25,801.49; the Hang Seng Tech Index opened down 12.14 points, or 0.22%, at 5,566.24; the H-share Index opened down 20.53 points, or 0.23%, at 8,970.49; and the Red Chip Index opened down 0.6 points, or 0.01%, at 4,045.42.Hong Kong stocks opened lower, with the Hang Seng Index down 0.21% and the Tech Index down 0.22%. NIO (09866.HK) rose over 3%, XPeng Motors (09868.HK) and Zijin Mining International (02259.HK) rose over 2%, Trip.com (09961.HK) fell over 2%, and JD Health (06618.HK) and NetEase (09999.HK) fell 1.2%.The Peoples Bank of China (PBOC) announced today that it conducted 528.8 billion yuan of 7-day reverse repurchase operations, with both the bid and winning bids amounting to 528.8 billion yuan. The operating rate was 1.40%, unchanged from the previous rate.

Trading Strategies

Just starting out? Begin your trading education with our Foundational Trading Knowledge course. Learn about a variety of markets like foreign exchange, commodities and equities and how they operate. Discover the right trading style for you and get to grips with key trading processes and market psychology.

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