EUR/USD 1.16128
0.044%
Gold 4342.25
0.256%
Oil 75.500
-0.404%
USD/JPY 160.317
-0.080%
GBP/USD 1.34302
0.031%
GBP/JPY 215.315
-0.047%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On Wednesday, June 17, the Hang Seng Index opened 1.9 points higher, or 0.01%, at 24,495.85; the Hang Seng Tech Index opened 21.87 points lower, or 0.47%, at 4,636.78; the H-share Index opened 5.35 points lower, or 0.06%, at 8,234.7; and the Red Chip Index opened 9.28 points lower, or 0.22%, at 4,240.87.Hong Kong stocks opened higher, with the Hang Seng Index up 0.01% and the Tech Index down 0.47%. New Oriental (09901.HK) rose more than 2.6%, while China Biopharmaceutical (01177.HK) and Alibaba (09988.HK) both rose more than 1%.Hang Seng Index futures opened 0.16% higher at 24,512 points, a premium of 6 points.June 17th - According to the China State Railway Group, a new train schedule will be implemented nationwide starting from 00:00 on July 1st, further improving transport capacity and efficiency. After the schedule adjustment, 12,174 scheduled passenger trains will be available nationwide, an increase of 106 trains compared to the current schedule. Utilizing the soon-to-be-opened Xian-Xian high-speed railway (Xian East to Shiyan East section), 58 high-speed trains will be scheduled to run from Xian East (Xian North) to Nanyang East, Hankou, Chongqing North, and other destinations, further strengthening connections between Northwest China and Central, South, and Southwest China, and shortening travel time.On June 17th, SK Hynix announced that it will eliminate all educational requirements and launch a rolling recruitment process for entry-level positions. With increasing competition in the AI semiconductor field, SK Hynix stated that it will now select talent based on actual work ability and growth potential, rather than solely on academic background. Previously, SK Hynixs job postings stipulated that "applicants must have at least a four-year bachelors degree." With the removal of this requirement, applicants can apply regardless of their educational background, as long as their work experience, job skills, and fit with the company culture meet the requirements of the position.

S&P 500 Drops 2.5% As Traders Prepare For Hawkish Fed

Cory Russell

Oct 08, 2022 14:22

微信截图_20221008141524.png

Stocks decline before the weekend

As a result of the better-than-expected Unemployment Rate news, which showed that the Unemployment Rate decreased from 3.7% in August to 3.5% in September, the S&P 500 is down 2.5%.


Stock prices will decrease as a result of the Fed's increased hawkishness as a result of the unexpected decline in the unemployment rate.


While the majority of market categories are now under significant pressure, energy stocks have been moving higher as WTI oil prices have risen. Leading oil companies including ConocoPhillips, APA Corporation, and Halliburton are up more than 3% today.


One of the poorest performing sectors right now is technology. AMD, which is down 11% after its preliminary third-quarter earnings underperformed analyst expectations, is leading the sell-off.


Additional export restrictions placed on by the U.S. today to cut China off from important chips have increased pressure on semiconductor stock prices. Monolithic Power Systems, ON Semiconductor, and NVIDIA are all down between 6 and 8%.


Because traders try to reduce their risks before the weekend, there is a widespread sell-off. Because of the positive employment market statistics, Treasury rates may soon reach annual highs, which would be negative for equities.


Traders have to keep an eye on what's happening in the markets for European government debt. Yields are increasing alarmingly quickly in Europe, which might eventually result in a debt catastrophe. The S&P 500 may hit new lows as a result of the strong currency and serious issues in the European economy, which will harm profitability for American multinational corporations.

Suggestion