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Hong Kong-listed chip stocks have been declining for several days, with Hua Hong Semiconductor (01347.HK) falling by more than 5%, and other stocks such as ASMPT (00522.HK), GigaDevice (03986.HK), SMIC (00981.HK), Biren Technology (06082.HK), and Shanghai Fudan (01385.HK) following suit.Hong Kong stocks in the new consumption sector strengthened, with Pop Mart (09992.HK) rising more than 4%, and other stocks such as Gu Ming (01364.HK), Laopu Gold (06181.HK), Bruco (00325.HK), Weilong (09985.HK), and Mixue Group (02097.HK) following suit.On February 5th, according to the China Securities Regulatory Commission (CSRC) website, Brain-Computer Interface (BCI) Technology (Shanghai) Co., Ltd., a company specializing in brain-computer interfaces, completed its IPO preparatory filing with the Shanghai Securities Regulatory Bureau on February 4th, 2026, intending to conduct an initial public offering (IPO) and list on the stock exchange. The preparatory filing report shows that Xu Honglai directly holds 12.2453% of the companys shares and controls an additional 11.0879% through Beijing Brain-Computer Interface Investment Partnership (Limited Partnership) and Shanghai Brain-Computer Interface Enterprise Management Partnership (Limited Partnership), totaling 23.3332% control, making him the controlling shareholder.February 5th - According to sources, TSMC (TSM.N) will begin producing advanced 3-nanometer chips in Japan. This decision marks a significant upgrade to TSMCs manufacturing plans in Japan and a major victory for Japanese Prime Minister Sanae Takaichis technological ambitions. As the preferred chipmaker for Nvidia and Apple, TSMC has decided to adopt cutting-edge technology at its second wafer fab in Kumamoto. Sources say this represents a substantial upgrade from the original plan to produce 7-nanometer chips by the end of 2027. According to a report in the Yomiuri Shimbun on Thursday, TSMC plans to increase its total investment in its southern Japan plant to 2.6 trillion yen to drive this expansion. However, sources also indicated that TSMCs plans in Japan are still in the early stages of discussion and may be subject to change.As of 09:30 Beijing time, WTI crude oil futures fell 1.29%, and US natural gas futures fell 0.29%.

BTC Fear & Greed Index Falls Despite BTC Avoiding Sub-$16,000

Jimmy Khan

Nov 24, 2022 15:40

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Bitcoin (BTC) increased by 2.44% on Wednesday. BTC finished the day at $16,613 after rising by 2.87% on Tuesday. For the first time in three sessions, BTC avoided trading below $16,000.


BTC dropped to a low of $16,168 early in the morning following a mixed day's start. BTC surged to a late high of $16,682, avoiding the First Major Support Level (S1) at $15,791. At $16,469, the First Major Resistance Level (R1) was breached by BTC, which ultimately closed the day at $16,613.


On Wednesday, FTX contagion risk decreased even further, supporting the cryptocurrency market desperately needed. Former FTX CEO Sam Bankman-Fried boosted investor hopes after learning that the company had cash reserves of $1.24 billion.


Bankman-Fried wrote in a letter to the staff, "Perhaps there still remains a chance to preserve the company. I think there are many billions of dollars in sincere interest from new investors that could be used to compensate customers. But since I have no control over it, I can't guarantee you anything.


The letter came after news that Justin Sun of Tron and Brad Garlinghouse of Ripple were interested in buying FTX assets. Investors are hopeful that the collapse of FTX will have a minimal effect on creditors given the stated cash holding of $1.24 billion.


The FOMC meeting minutes provided more assistance for the cryptocurrency market overnight. Before the holidays, talk of letting up on the gas helped riskier assets, with the NASDAQ Composite Index increasing by 0.99%. The US economic data underwhelmed, though, restricting the NASDAQ's potential growth.


Since the US markets are closed for Thanksgiving, there are no US statistics to take into account today.