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March 25th - The world economy is injecting valuable confidence and vitality. Chinas economy boasts a stable foundation, numerous advantages, strong resilience, and great potential. The supporting conditions and basic trends for its long-term positive outlook remain unchanged. Chinas healthy and stable development will inject more certainty and new momentum into the world, sharing development opportunities and achieving common development with all countries. Zheng Shanjie stated that China will continue to expand high-level opening-up, continuously improve the business environment, fully guarantee national treatment for foreign-invested enterprises, create a policy environment with transparent rules and equal opportunities for foreign-invested enterprises, and share development dividends with all countries. The National Development and Reform Commission welcomes Samsung to seize the opportunities presented by Chinas continued expansion of opening-up, strengthen its confidence and determination to develop in China, further expand its investment and cooperation in China, actively maintain the stability of the global semiconductor supply chain, and achieve mutual benefit and win-win results. Lee Jae-yong expressed his gratitude to the National Development and Reform Commission for its support of Samsungs production and operations in China. He stated that China is an important part of Samsungs global strategy, and Samsung is optimistic about the new opportunities brought by Chinas high-quality development and looks forward to further deepening cooperation.CSPC Pharmaceutical Group (01093.HK): Net profit of RMB 3.88 billion, compared with an estimated RMB 4.87 billion, a year-on-year decrease of 10.3%.CSPC Pharmaceutical Group (01093.HK): Full-year revenue for 2025 is expected to be RMB 26.01 billion, with an estimated RMB 27.82 billion.March 25th - Overnight, the three major US stock indices fluctuated and adjusted, while the China Golden Dragon Index fell slightly. Hong Kong stocks continued yesterdays upward trend, with the Hang Seng Index rising over 300 points at one point, driven by strong performance from blue-chip stocks. The Hang Seng Index opened 216 points higher at 25280, filling all the gaps from Mondays decline and rising above its annual moving average. The market rallied strongly in the early session, rising as much as 326 points to a high of 25390, but selling pressure increased subsequently, and gains narrowed significantly near midday. By midday close, the Hang Seng Index was up slightly by 0.04% in the morning session, while the Hang Seng Tech Index closed down 0.48%, with a total turnover of HK$151.29 billion. On the sector front, optical communication, electronic components, and green electricity concept stocks led the gains, while film and television and agricultural stocks rebounded, and precious metals and non-alcoholic beverage stocks continued yesterdays strong performance. New consumption concept stocks fluctuated and retreated, while gaming and auto stocks fell sharply, oil and gas production and coal stocks corrected, and tech stocks were weak. In terms of individual stocks, Nongfu Spring (09633.HK) rose 8.7%, WH Group (00288.HK) rose 5.5%, and Techtronic Industries (00669.HK) rose more than 4%; Haidilao (06862.HK) fell more than 10%, and CNOOC (00883.HK) and Xiaomi Group (01810.HK) both fell more than 3%.March 25th - According to data released by Japans Ministry of Health, Labour and Welfare on Tuesday, the average monthly salary for full-time employees in Japan is projected to reach 340,600 yen in 2025, marking a record high for the fourth consecutive year. This figure excludes overtime pay and other additional compensation, and represents a 3.1% increase compared to 2024. This also marks the second consecutive year that the growth rate has remained around 3%.

S&P 500 Price Forecast – Stock Markets Continue to See Selling Pressure

Skylar Shaw

Sep 30, 2022 15:09

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Technical Analysis of the S&P 500

Due to the continued strong downward pressure on stock markets, the S&P 500 E-mini contract has been quite bearish throughout Thursday's trading session. In the end, a lot of things are happening all around the globe, and the US dollar is strengthening. The S&P 500 won't do well in that climate, and neither will any other stock index, for that matter. I like fading rallies, and I also enjoy the notion of shorting those who do experience that break down below the 3600 mark.


The S&P 500 will likely have dropped below the 3500 level by then, which is a big, round, psychologically meaningful number. In the end, this is a market that, given enough time, should see a lot of volatility and, therefore, a lot of causes for people to feel uneasy. Nevertheless, bear market rallies have a reputation for being rather nasty, so an occasional snap to the upside is possible.


Given the market's continued exposure to a lot of outside unfavorable impact, they will almost certainly remain selling opportunities. Interest rates, global slowdowns, and a slew of other geopolitical concerns are all producing problems at the moment. In the end, I believe that in this situation, with enough time, we should see significant downward pressure. In light of this, maintain a manageable position size and refrain from going all in on each transaction you make. In a market like this, sound money management is essential.