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On October 21st, the news of the resignation of Xu Yubin, founder and CEO of Fengchao Holdings Co., Ltd., a smart express locker network operator, brought Fengchaos IPO, which had been stalled for over six months, back into the public eye. Fengchao submitted its listing prospectus to the Hong Kong Stock Exchange in August of last year. Due to failure to submit supplementary documents within the prescribed time limit, its prospectus expired in February 2025. Since then, Fengchao has not updated its prospectus. Industry insiders revealed that the stalled Fengchao IPO process may be related to a lawsuit filed by an investor. Asia Investment Capital, one of the investors, had disagreements with Fengchao on the repurchase issue, and the two sides failed to reach a consensus after multiple rounds of communication. Asia Investment Capital filed a lawsuit in Hong Kong, which affected the IPO process.Baidu (09888.HK): A board meeting will be held on Tuesday, November 18, 2025 to approve the announcement of the third quarter 2025 financial results.On October 21st, Turkish President Recep Tayyip Erdogan will visit Qatar on Wednesday, planning to purchase 24 used Typhoon fighter jets to advance the modernization of its air force. According to sources familiar with the matter, the United Kingdom, a co-developer of the Typhoon, has facilitated negotiations for Qatar to transfer 24 Tranche 3A fighter jets to its military ally, Turkey. Turkey has also requested 16 new Tranche 4 fighter jets, with the overall deal valued at billions of dollars. Sources familiar with the matter stated that the agreement has not yet been finalized, and technical details are still under negotiation. As a NATO member, Turkey is the worlds second-largest user of F-16 fighter jets and has never operated any other foreign aircraft. Sources indicate that Turkey hopes to deepen defense cooperation with Europe and plans to begin receiving the first batch of Typhoon fighter jets as early as next year, while delivery of the newly purchased F-16s may not occur until after 2030. Faced with the military threat from Russia, almost all European countries have increased their defense spending this year.On October 21, CGN Mining (01164.HK) announced that in the third quarter of 2025, the Groups invested mines produced a total of 644.3 tonnes of natural uranium, achieving 96.5% of its planned production for the quarter. Semizbai Uranium Limited Partnership, a 49%-owned Kazakh joint venture, produced 184.5 tonnes of natural uranium, while another 49%-owned Kazakh associate, Mining Company Oltarek Limited Partnership, produced 459.7 tonnes of natural uranium. As of September 30, 2025, the Group held 1,454 tonnes of natural uranium (approximately 3.78 million pounds of U₃O₃) at a weighted average cost of US$71.8 per pound of U₃O₃. Contracted but undelivered sales of 3,965 tonnes of natural uranium (approximately 10.31 million pounds of U₃O₃) were at a weighted average selling price of US$81.40 per pound of U₃O₃.According to The Information: Nvidia (NVDA.O) discussed providing loan guarantees for OpenAI.

European Open DAX Rallies From Key Support European CPI Up Next

Cameron Murphy

Apr 22, 2022 10:21

Asian Indices:

  • Australia's ASX 200 index rose by 31.8 points (0.42%) and currently trades at 7,601.00

  • Japan's Nikkei 225 index has risen by 249.59 points (0.71%) and currently trades at 35,160.79

  • Hong Kong's Hang Seng index has fallen by -224.07 points (-1.07%) and currently trades at 20,720.60

  • China's A50 Index has risen by 2.55 points (0.02%) and currently trades at 13,555.26

UK and Europe:

  • UK's FTSE 100 futures are currently up 27.5 points (0.36%), the cash market is currently estimated to open at 7,656.72

  • Euro STOXX 50 futures are currently up 16 points (0.42%), the cash market is currently estimated to open at 3,912.81

  • Germany's DAX futures are currently up 69 points (0.48%), the cash market is currently estimated to open at 14,431.03

US Futures:

  • DJI futures are currently up 153 points (0.44%)

  • S&P 500 futures are currently up 119.25 points (0.85%)

  • Nasdaq 100 futures are currently up 25.75 points (0.58%)

 


Asian shares were generally higher overnight, tracking Wall Street enthusiasm. The session's leader was the tech-sensitive Nikkei, while the ASX 200 has so far rejected our forecast for a mean reversion.


Instead, it has attempted to reclaim its previous high. A closing above 7600 would be positive, but a break of yesterday's low confirms the bearish reversal (bearish pinbar) and might cause some mean reversion. A break above 7633 will take it to a new all-time high, indicating that the trend will continue.

The DAX Index Is Turning Upward In The Direction of Support

Yesterday, we expected the DAX to break over 14,200 resistance to mark the start of its second run higher, and it did it in style, hitting our first objective of 14,360. Furthermore, by beginning at the session low and ending at the day's high, it was a confident breakout. However, yesterday's chart was an intraday chart; however, we can now zoom out to the daily chart and see the wider picture.

 

On the daily chart, we can see that the retracement from the 14,935 high found support near the monthly pivot point and the Fibonacci ratio of 38.2 percent. Prices stabilized before to the breakout, but each candle was bullish, indicating that demand was there, and prices have finally broken higher from a corrective channel. Although yesterday's low might be utilized to fine-tune risk management, our bias remains positive above 13,885. The first targets are 14,600, 14,800, and finally the highs just below 15,000 dollars.

FTSE: Market Internals

FTSE 350: 4268.5 (0.40%), 21 April 2022

  • 6 stocks rose to a new 52-week high, 4 fell to new lows

  • 231 (68.14%) stocks advanced, 108 (31.86%) stocks declined

Outperformers:

  • +7.03% - Darktrace PLC (DARK.L)

  • +7.02% - Jtc PLC (JTC.L)

  • +5.88% - CRH PLC (CRH.L)

Underperformers:

  • -5.38% - Ocado Group PLC (OCDO.L)

  • -5.47% - Centamin PLC (CEY.L)

  • -14.71% - Oxford BioMedica PLC (OXB.L)


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