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On October 22, Laopu Gold (06181.HK) announced on the Hong Kong Stock Exchange that on October 21, 2025 (after the trading hours of the Hong Kong Stock Exchange), the company entered into a placing agreement with the placing agent, pursuant to which the placing agent has conditionally and separately agreed to act as the agent of the Company to use its best efforts to induce a total of not less than six placees to purchase 3,711,800 new H shares in accordance with the terms and subject to the conditions contained in the placing agreement. The placing price is HK$732.49 per H share (a discount of 4.5% to the latest closing price).On October 22, bond traders were preparing for further declines in U.S. Treasury yields, even though the 30-year bond yield fell to a six-month low on Tuesday. Data showed that the cost of option bets to protect against a sharp drop in yields was rising rapidly. With the U.S. government shutdown about to become the second longest in history, coupled with renewed concerns about the credit market and escalating trade tensions, traders are pouring into high-quality safe-haven assets. The rise in the U.S. Treasury market is pushing the entire yield curve lower. Citi strategist David Bieber wrote: "In terms of positioning, the tactical deployment is clear - go long on everything, and the market is quickly chasing the appreciation of U.S. bonds."Kyiv Mayor: Russia launched an airstrike on Kyiv and Ukrainian air defense forces are operating.Vales nickel production in the third quarter was 46,800 tons, and its nickel sales in the third quarter were 42,900 tons.Vales iron ore production in the third quarter was 94.4 million tons, while the market expected 91.23 million tons.

Are Stock Prices Still Forming a Bottom?

Florala Chen

Jan 05, 2023 15:10

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Is this a probable bottoming pattern for the S&P 500 as its consolidation continues to grow?


After starting above its closing price on Friday, the broad stock market index fell by 0.40% on Tuesday.


It prolonged a consolidation near the 3,800 level that had lasted more than two weeks. It dropped to a new mid-term low of 3,764.49 on Thursday of the prior week before rising back over 3,800. Overall, it continued to prolong a consolidation that had started after the drop from 4,100. The December 14 FOMC interest rate rise, among other things, caused the S&P 500 to decline in mid-December.


This morning, the S&P 500 is most likely to start off 0.3% higher. Another effort to break above the current trading range could be made.