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On August 19th, China Resources Beer (00291.HK) announced in Hong Kong that its unaudited consolidated revenue for the first half of 2026 was RMB24.24 billion, an increase of 1.2% year-on-year; unaudited profit before interest and tax was RMB6.881 billion; and profit attributable to shareholders was RMB5.169 billion, compared to RMB5.789 billion in the same period last year. Net cash inflow from operating activities reached RMB6.729 billion, an increase of 5.6% year-on-year. The Board of Directors declared an interim dividend of RMB0.446 per share, representing a payout ratio of 28%, an increase of 2 percentage points year-on-year.On August 19th, Hong Kong Exchanges and Clearing Limited (00388.HK) announced in Hong Kong that its revenue and other income and profit for the first half of 2026 reached a record high for any half-year. Revenue and other income for the first half of 2026 was HK$16.702 billion, an increase of 19% compared to the first half of 2025. EBITDA margin was 81%, an increase of 2 percentage points compared to the first half of 2025. Profit attributable to shareholders was HK$10.568 billion, an increase of 24% compared to the first half of 2025.August 19th - According to the Financial Times, sources familiar with the matter said that Iran is considering including military targets in Europe in its strike range should Trump escalate the war. The sources indicated that the Iranian military has assessed the possibility of striking US military assets in Bulgaria and other southeastern European countries. The Iranian military has also assessed the option of severing undersea fiber optic cables in the Strait of Hormuz in the event of an escalation.On August 19th, the National Healthcare Security Administration interpreted the "15th Five-Year Plan for Universal Medical Security." The plan proposes to steadily advance the national centralized procurement of medicines and high-value medical consumables, while guiding local governments to establish procurement alliances with "one province leading and nationwide participation." It aims to continuously deepen cooperation in areas such as traditional Chinese medicine, biopharmaceuticals, and medical consumables, gradually including medicines and medical consumables with high clinical usage and inflated prices into the procurement scope to reduce the financial burden on the public. In accordance with the requirements of the Party Central Committee and the State Council, the plan adheres to the principles of "stabilizing clinical use, ensuring quality, combating involution, and preventing bid-rigging," optimizing and improving procurement rules, further enhancing the matching degree between centralized procurement products and clinical needs, colluding with drug regulatory authorities to ensure the quality of selected products, guiding fair and rational competition in the industry, and resolutely cracking down on bid-rigging and collusion in the pharmaceutical centralized procurement field.On August 19th, the National Healthcare Security Administration interpreted the "15th Five-Year Plan for Universal Medical Security." The plan emphasizes vigorously promoting the development of commercial medical insurance. It actively supports and guides the complementary and differentiated development of commercial medical insurance with basic medical insurance, focusing on the diverse needs of the public. It supports commercial insurance companies in enriching their product offerings, with a focus on developing commercial insurance products that primarily cover areas outside the basic medical insurance catalog, offer high levels of coverage, and support pharmaceutical innovation. The aim is to meet the unmet needs of the public beyond basic medical insurance and promote the better supplementary role of commercial medical insurance in the multi-tiered medical security system.

Price Analysis of the US Dollar Index: DXY Retreats from 104.00, Rising Wedge Anticipated

Alina Haynes

May 12, 2022 10:27

During Thursday's Asian session, the US Dollar Index (DXY) fails to continue the previous two days' upward momentum, trading on the defensive around 103.95.

 

In doing so, the dollar index remains near the 20-year high reached earlier in the week, but for the first time in three days, the daily decline is recorded.

 

In addition to highlighting a 12-day-old rising wedge bearish pattern surrounding the multi-day top, the DXY's most recent decline also reveals a multi-day top-adjacent rising wedge formation. The slow RSI also highlights the significance of the chart pattern.

 

However, a decisive breach below 102.90 is required to validate the potential decline to 101.30.

 

During the fall, the 100-SMA and monthly low between 102.65 and 102.35 will serve as intermediate stops.

 

Until the quote continues below the indicated wedge's resistance line, approximately 104.30 as of press time, a recovery appears elusive.

 

After that, a slow climb to the September 2002 high of 109.80 cannot be ruled out.

Four-hour DXY chart

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