• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On August 22, a Ukrainian drone struck an Ozon logistics hub in Chapayevsk, Samara Oblast, causing a fire that engulfed the approximately 135,000-square-meter facility. Ozon confirmed the attack and suspended operations indefinitely, removing affected products from its platform. That same night, a drone also struck a nearby oil refinery in Novokuibyshevsk. This marks the first successful attack on the Ozon network by Ukraine in weeks after attacks on rival Wildberries warehouses. Ukrainian authorities have characterized both e-commerce platforms as dual-use logistics systems supporting the Russian military.Iranian Parliament Speaker Ghalibaf: Iran has received information from neighboring countries regarding the establishment of "new security arrangements and economic cooperation".August 22nd - According to Shenzhen Release, in the past hour, heavy rainfall has occurred in Longgang District (Pinghu, Longcheng, Henggang, Yuanshan Subdistricts) and Longhua District (Guanhu, Fucheng, Guanlan Subdistricts). It is expected that another 20-40 mm of rainfall will occur in the next 1-2 hours. At 17:52 on August 22nd, 2026, the Shenzhen Meteorological Observatory issued an orange rainstorm warning signal for the aforementioned areas. The entire city has entered a state of rainstorm preparedness. Please stay away from low-lying and flood-prone areas. The aforementioned areas have a high risk of flash floods; please be aware of the potential for localized flooding, flash floods, landslides, and mudslides caused by the rainstorm.August 22 - The Ministry of Water Resources announced on the 22nd that it has activated a Level IV emergency response for flood prevention in Guangdong, Guangxi, and Hainan. Affected by Typhoon Zitan (No. 19), heavy to torrential rain is expected in western and southern Guangxi, Guangdong, and Hainan from August 22nd to 24th, with some areas experiencing extremely heavy rainfall. The main stream and tributaries of the Yujiang River in Guangxi, as well as the Qinjiang, Fangchenghe, and Nanliujiang rivers along the southern coast of Guangxi, the Dongjiang, Hanjiang, Rongjiang, and Jianjiang rivers along the coast of Guangdong, and the Nandujiang, Changhuajiang, and Wanquanhe rivers in Hainan will experience rising water levels. Among these, the Zuojiang and Mingjiang rivers, tributaries of the Yujiang River in Guangxi, may experience floods exceeding warning levels, and some small and medium-sized rivers in the rainstorm areas may experience floods exceeding warning levels.On August 22nd, it was reported that long-term government bond yields in major global economies have continued to rise recently, increasing selling pressure in the bond market. However, Chinas bond market and exchange rate have remained relatively stable, with Panda bond issuance reaching a record high for the same period. Data shows that as of August 21st, the cumulative issuance of Panda bonds in 2026 reached 209.975 billion yuan, an increase of over 73% year-on-year. Against the backdrop of sharp fluctuations in the global bond market, the increased investment by international institutions in domestic RMB financing has attracted attention. Industry insiders explained, "We and overseas markets are in completely different economic and monetary cycles. Foreign capital accounts for only about 5%-8% of my countrys bond market, while domestic capital holds absolute pricing power. Coupled with our monetary policy adhering to a self-reliant approach, overseas shocks cannot reverse the overall trend of the domestic bond market." Looking ahead, industry insiders believe that overseas bond yields are likely to remain highly volatile, highlighting the investment value of RMB bonds, and potentially leading to continued foreign investment in the medium to long term. However, it should be noted that rising US Treasury yields have raised the return threshold for global investment funds, which may disrupt the willingness of overseas institutions to increase their holdings of RMB bonds. In addition, the rapid rise in bond yields in developed countries overseas may also constrain the valuation of domestic risky assets.

S&P 500 Rebounds From Session Lows As Energy Stocks Rally

Jimmy Khan

Nov 04, 2022 16:57

微信截图_20221104163926.png


As major tech companies hit new lows, the NASDAQ Composite seeks to settle below the 10,700 mark.

Big Tech Stocks Continue to Be Under Stress

As traders responded to the ISM Non-Manufacturing PMI data, which fell short of analyst forecasts, the S&P 500 recovered from session lows.


Energy stocks took the lead in the recovery from session lows today due to robust support. In today's trading session, ConocoPhillips, APA Corporation, and Marathon Oil all saw gains of 6–7%.


ConocoPhillips had significant price appreciation after exceeding analyst expectations, boosting the dividend, and expanding its share repurchase program by $20 billion.


Despite missing analyst profit expectations, Etsy increased by 14%. The firm gave a positive prognosis for the last quarter of this year, which caused the stock to rise.


Booking increased by 5% with the release of the $6.05 billion in sales and the higher-than-expected adjusted profits of $53.03 per share.


Fidelity National Information Services, which was down 25% following the publication of its quarterly report, was under a lot of pressure due to weak guidance.


Leading tech companies including Apple, Alphabet, and Amazon had declines of 2% to 3%. Meta Platforms, meanwhile, tested fresh lows at $88.50.


If the mega cap companies continue to experience pressure, the whole market will not be able to develop a sustained upward trend. Traders are nonetheless concerned that rising interest rates may harm the bottom lines of powerful corporations.


While the IT industry leaders seemed unstoppable during the coronavirus crisis, their stocks were under a lot of pressure from rising interest rates, a stronger currency, and a slowing global economy. Traders should continue to watch the large tech stocks' movements for hints regarding the S&P 500's future course.