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According to Hong Kong Stock Exchange filings, Xiaomi Group (01810.HK) repurchased 3.3 million Class B shares on May 18, spending HK$100 million.According to a Reuters poll, the median forecast predicts that Indonesias central banks 7-day reverse repo rate will be 5.00% by the end of 2026 (up from 4.75% in the April survey).According to a Reuters poll, nine out of 16 economists said the Indonesian central bank would raise its 7-day reverse repo rate by 25 basis points to 5.00% on May 20.On May 18th, *ST Guandian announced that it received a decision from the Shanghai Stock Exchange on May 11th, 2026, regarding the termination of the listing of Guandian Defense Technology Co., Ltd.s shares. According to the relevant provisions of the "Shanghai Stock Exchange Science and Technology Innovation Board Stock Listing Rules," the companys shares will enter the delisting period on May 19th, 2026. Excluding full-day trading suspensions, the expected last trading date is June 8th, 2026. If the securities trading dates are adjusted, the last trading date of the companys delisting period will be postponed accordingly. If the companys shares are suspended from trading for the entire day during the delisting period, the suspension period will not be included in the delisting period, and the expected last trading date will be postponed. The total number of days of full-day suspension will not exceed 5 trading days.According to Nikkei: Brazils foreign minister stated that Brazil is prepared to increase its crude oil exports to Japan.

S&P 500 Is Losing Ground As Tech Stocks Retreat

Cory Russell

Dec 28, 2022 14:39

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Tesla Pushes the Limits

As tech companies continue to face significant pressure, the S&P 500 is losing ground in today's trading session. The heavily tech-focused NASDAQ Composite is down 1%.


As bond speculators wager on more aggressiver Fed, Treasury rates are rising. Higher Treasury rates are negative for tech equities that are sensitive to yield.


Concerns about the demand for Tesla's vehicles are what are driving today's decline, as the stock is down 8%. According to recent estimates, used Tesla vehicle prices are rapidly declining, which is bad news for the industry's new car sales.


As traders pay attention to sluggish demand and escalating tensions with China, NVIDIA and other semiconductor companies have also been under intense pressure.


Energy stock prices are rising as WTI oil closed over the $80 mark. From February 1, 2023, Russia will no longer export oil to nations that take part in the price cap system, further supporting the oil market and equities that are tied to the oil industry.


Stocks of basic supplies are also among the best right now. Gold producer Newmont Corporation and copper producer Freeport-McMoRan are driving the recovery in this market category.

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