• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On Tuesday, January 13, the Hang Seng Index closed up 239.99 points, or 0.9%, at 26,848.47; the Hang Seng Tech Index closed up 6.59 points, or 0.11%, at 5,869.79; the H-share Index closed up 65.33 points, or 0.71%, at 9,285.41; and the Red Chip Index closed up 32.21 points, or 0.78%, at 4,146.17.On January 13th, the Hang Seng Index opened more than 300 points higher and briefly broke through the 27,000 mark, but the upward momentum was unsustainable. The market continued to decline in the afternoon, with the Hang Seng Tech Index rising more than 2% in the morning before fluctuating and turning lower in the afternoon. At the close, the Hang Seng Index rose 0.9% to 26,848.47 points, and the Tech Index rose 0.11% to 5,869.79 points. The total turnover of the Hang Seng Index reached HK$315.192 billion (compared to HK$306.223 billion in the previous trading day). On the sector front, several pharmaceutical sectors, including innovative drugs, performed well, while precious metals and non-ferrous metals sectors led the gains. Automotive and tech stocks rose initially but then retreated, and AI application stocks weakened in the afternoon. Semiconductors and Apple concept stocks were among the biggest losers. In terms of individual stocks, Alibaba (09988.HK) closed up 3.63%; WuXi AppTec (02359.HK) closed up 8.3%, after the company issued a profit warning yesterday, expecting its net profit attributable to shareholders in 2025 to increase by approximately 102.65% year-on-year; Zijin Mining (02899.HK) closed up 2.39%; BYD (01211.HK) closed up 1.62%; Zhipu (02513.HK) closed down 12.76%; and Hua Hong Semiconductor (01347.HK) closed down 2.02%.Hong Kong stocks closed higher, with the Hang Seng Index rising 0.9% and the Tech Index rising 0.11%. The innovative drug sector performed strongly throughout the day, with WuXi AppTec (02359.HK) closing up 8.3%.On January 13th, the Ministry of Industry and Information Technology (MIIT) issued the "Action Plan for Promoting High-Quality Development of Industrial Internet Platforms (2026-2028)," which mentions promoting the construction of an industrial data labeling system centered on business scenarios, developing governance tools such as intelligent labeling, data cleaning, and quality assessment, and improving data governance levels. It encourages platform enterprises to collaborate with industrial enterprises to build specialized datasets for typical industrial scenarios, and encourages qualified enterprises to develop cross-industry and cross-scenario general datasets. It supports platform enterprises in exploring new models and new business forms such as data brokerage and data hosting, deepening the application of industrial internet identifier resolution and blockchain technology, strengthening cross-domain data management, and providing a secure and reliable environment for data circulation. It encourages platforms to open their data resources to SMEs, providing them with inclusive technical tools and data products. It also strengthens intellectual property protection throughout the entire process of industrial data resource development and utilization, safeguarding the rights and interests of all parties.On January 13th, the Ministry of Industry and Information Technology (MIIT) issued the "Action Plan for Promoting High-Quality Development of Industrial Internet Platforms (2026-2028)," which mentions supporting platforms in expanding the use of labor, capital, knowledge, technology, and data to improve the efficiency of networked resource allocation and collaboration. It encourages platforms to deepen the integration and application of digital and intelligent technologies, enrich the supply of high-quality solutions, and promote the digital transformation of the entire manufacturing process. It guides platforms to address the transformation needs of SMEs, cultivate a batch of low-cost, easy-to-deploy, and highly versatile standardized products, and create a resource pool of "small, fast, lightweight, and accurate" digital solutions. It supports platforms in exploring diversified business models, enhancing their sustainable operational capabilities, and achieving value symbiosis between platforms, user enterprises, and partners.

Prices of Natural Gas Increased Ahead of an Inventory Report

Daniel Rogers

May 05, 2022 11:21

Tuesday, natural gas prices soared to new 13-year highs. For the next two weeks, the weather is forecast to be mixed, with cooler temperatures on the West Coast and warmer temperatures on the East Coast. Stockpiles of natural gas are projected to grow.

 

Net storage injections totaled 40 Bcf last week, compared to 53 Bcf on average over the last five years and 18 Bcf last year during the same week. Working natural gas inventories totaled 1,490 Bcf, 305 Bcf less than the five-year average and 406 Bcf less than this time last year.

Technical Evaluation 

Natural gas prices increased on Monday, reaching a fresh intraday high of 13 years. At 5.7, support is located at the 20-day moving average. Near the June 2013 highs of 13.60, the target resistance is visible.

 

The medium-term trend has shifted to the positive. A crossover purchase signal was given by the MACD (moving average convergence divergence). The MACD histogram is in positive zone with an upward sloping trajectory, indicating that prices are likely to rise. The short-term momentum indicator has turned positive as a crossing buy signal was given by the fast stochastic.

 

image.png