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Zhipu (02513.HK) fell by more than 10%, with its share price dropping to HK$2,090.On June 26, the State Taxation Administration issued an interpretation of the "Announcement of the State Taxation Administration on Relevant Matters Concerning the Administration of Individual Income Tax." Regarding whether there have been any adjustments to the individual income tax policy supporting residents home replacement purchases, the State Taxation Administration stated that, according to the "Announcement of the Ministry of Finance, the State Taxation Administration, and the Ministry of Housing and Urban-Rural Development on Continuing the Implementation of Relevant Individual Income Tax Policies Supporting Residents Home Replacement Purchases" (Announcement No. 3 of 2026), the relevant individual income tax policy supporting residents home replacement purchases will continue to be implemented until December 31, 2027. Specific regulations and filing procedures also remain the same as before. Eligible taxpayers should refer to the provisions of the "Announcement of the State Taxation Administration on Relevant Matters Concerning the Administration of Individual Income Tax Policies Supporting Residents Home Replacement Purchases" (Announcement No. 21 of 2022) for processing.Both WTI and Brent crude oil prices fell by more than 1% during the day, currently trading at $70.61 per barrel and $74.34 per barrel respectively.On June 26, 2026, Pan Gongsheng, Governor of the Peoples Bank of China, met with Jan Vera, Chairman and CEO of Citigroup. The two sides exchanged views on the global economic and financial situation, Chinas macroeconomic policies, and China-US economic and trade relations.June 26 - European and American stock index futures continued to decline, with Nasdaq 100 futures falling by 1.6%, S&P 500 futures down 0.7%, and Dow Jones futures down 0.18%; Euro Stoxx 50 futures fell 0.9%, German DAX futures fell 1%, and UK FTSE futures fell 0.8%.

S&P 500 (SPY) Remains Under Pressure At The Start Of The Week

Yoshiki Marjory

Sep 27, 2022 16:38

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S&P 500 Declines The US dollar is testing new highs

As traders exit riskier assets, the S&P 500 keeps trying to settle below the support level at 3660.


A fresh high is being tested by Treasury yields. The yield on 10-year Treasuries is currently attempting to get above 3.85%. 10-year Treasuries yielded barely 2.60% at the beginning of August, so the recent upward movement was significant.


REITs are under a lot of pressure from rising Treasury yields. Ones of the S&P 500's greatest losers today is Vornado Realty, followed by Ventas, Prologis, and Kimco Realty.


The pressure on energy stocks has increased as WTI oil tested new lows. In today's trading session, Baker Hughes, Hess, and Halliburton are all down more than 3%.


Today, some tech stocks are attempting to recover, including Apple and Amazon. Other tech equities, which have been sluggish lately, are still falling. NVIDIA and Meta are reaching fresh lows.


It should be mentioned that a strong currency also acts as a deterrent for American stocks by raising the cost of investing for foreigners. The U.S. Dollar Index recently tested highs last seen in 2002. The worldwide flight to safety, which is negative for riskier assets like stocks, is highlighted by the dollar's surge.

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