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Japanese Finance Minister Katsunobu Kato: Japan is gradually moving towards an economy where price increases are driven by import costs rather than wage increases.Japanese Finance Minister Katsunobu Kato: There are currently no plans to revise the joint statement between the government and the Bank of Japan on ending deflation.Japanese Finance Minister Katsunobu Kato: Japans economy is in a state of supply shortage, not demand shortage.March 13, platform data showed that Asian investors significantly increased their trading activities outside the normal trading hours of U.S. stocks last year. After-hours trading platform Blue Ocean said that its after-hours trading volume quadrupled in 2024. About 80% of the companys revenue comes from Asian clients. The surge in after-hours trading by Asian investors reflects to some extent their demand for immediate reflection of macro news. Market participants believe that Trumps 24-hour social media habits have also contributed to peoples shift to after-hours trading. After-hours trading is becoming increasingly popular among retail and institutional investors in Asia. Liquidity provider Flow Traders said that since 2021, Asian institutional investors inquiry trading volume for U.S. stock ETFs has almost doubled. Rijlaarsdam, CEO of Flow Traders Asia, said: "Investors are forming a 24-hour trading mentality. Whether it is Trump tweeting or Nvidias financial report, the market demand for instant trading has increased significantly." Off-peak trading also has disadvantages. Compared with regular trading hours, night trading volume is still small and liquidity is much lower, resulting in a widening of the bid-ask spread.The Hang Seng Tech Index widened its losses to 1% in early trading, and the Hang Seng Index is now down 0.4%.

E-mini NASDAQ-100 Index In Position to Challenge Next Main Top at 12973.75

Alice Wang

Jul 22, 2022 15:36



Late in the session on Thursday, September E-mini NASDAQ-100 Index futures are trading higher, putting the index in a position to notch its third consecutive gain and the fifth higher session out of six. As initially fluctuating between gains and losses, the technology-focused index gained momentum after Tesla jumped 9.78 percent after its quarterly reports.


September E-mini NASDAQ-100 Index futures are now trading at 12591.25, up 126.00 or 1.01 percent, at 18:45 GMT. The Invesco QQQ Trust ETF (QQQ) is now trading at $307.43, an increase of $4.40 or 1.45%.


Tesla may have been the session's top gainer, but shares of NetEase Inc., ASML Holding NV, and CSX Corp. all increased significantly during that time, rising 6.16 percent, 5.41 percent, and 4.24 percent, respectively.


The weekly initial unemployment claims reached a new eight-month high in the United States, while a measure of manufacturing activity in the mid-Atlantic area for July fell to its lowest level in just over two years.

Swing Chart Technical Analysis for the Day

The daily swing chart indicates that the overall trend is upward. The uptrend will be confirmed if a transaction is made through the intraday high of 12621.00, with the next major peak objective being 12973.75. The primary trend will switch to down if a transaction is made through 11479.25.


The midpoint is between 14327.50 and 11068.50. Its retracement range, from 12698.00 to 13082.50, is the main region to aim for on the upside.


The immediate range is between 12973.75 and 11068.50. The index is now trading between 12246.00 to 12021.00, which is support, on the high side of its retracement zone.

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