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On August 10th, Kinsys Technology (09877.HK) announced that the Group expects to achieve revenue of approximately RMB 63 million to RMB 65 million for the six months ended June 30, 2026, representing an increase of 385% to 400% year-on-year. Other income and gains are expected to be approximately RMB 9 million to RMB 11 million, totaling approximately RMB 72 million to RMB 76 million, representing an increase of RMB 47 million to RMB 51 million compared to the same period last year, representing an increase of 188% to 204% year-on-year. The main reasons for the performance growth during the reporting period include: 1. The Groups Ken-Valve transcatheter aortic valve system continued to achieve steady revenue growth. Ken-Valve is suitable for aortic regurgitation or stenosis, and its product design features and operational advantages have enabled the procedure to be rapidly promoted and applied in multi-level medical institutions; 2. The Group actively carried out paid clinical implantation of multiple structural heart disease interventional products overseas. The product’s excellent clinical efficacy and application advantages have been highly praised by key opinion leaders and experts around the world, and can meet the huge unmet clinical needs of structural heart disease worldwide.ADNOC Gas Division: Increased oil production in the UAE has boosted supply confidence.ADNOC Gas Division of Abu Dhabi National Oil Company: Will advance the second and third phases of rich gas development.ADNOC, the gas division of Abu Dhabi National Oil Company of the United Arab Emirates, will invest more than $8 billion to expand its production capacity.August 10th Futures News: 1. According to CCTV News, the Houthi rebels in Yemen issued a statement on August 9th, claiming that in response to the continued attacks by "Saudi-backed armed forces" on the west coast of Yemen and Taiz province, the Houthis launched a "large-scale, high-intensity" attack on the "Saudi-backed armed forces" assembly points and weapons depots in Mocha port on the Red Sea coast of Taiz province, using a large number of ballistic missiles and drones. 2. Domestically, as of press time, the main crude oil futures contract rose by more than 2%. Some analysts said that international crude oil prices are expected to remain highly volatile in mid-to-late August, with geopolitical factors remaining the primary driving variable. In the medium to long term, oil prices are unlikely to maintain a one-sided surge; the general trend will be high-level wide-range fluctuations. On the one hand, global manufacturing demand is generally weak, lacking the fundamental momentum to support a long-term significant rise in oil prices; on the other hand, OPEC+s production increase plan and the stable output of US shale oil will increase future crude oil supply. Overall, the risk of oil price volatility is high in August, and attention should be paid to the progress of US-Iran negotiations, expectations for the opening of the Strait of Hormuz, and US crude oil inventory data.

S&P 500 (SPY) Tests 4100 As Commodity Markets Rally

Cory Russell

Sep 13, 2022 11:58

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Traders Remain Upbeat

The S&P 500 keeps trying to settle above the 4100 mark as the robust bounce continues.


The S&P 500 encountered resistance at 4115 and retreated in the direction of the 4100 level, although there are no indications of a significant sell-off that may have been brought on by profit-taking after the robust surge.


Stock traders continue to be upbeat despite the markets pricing in an over 90% likelihood of a 75 basis point rate rise at the upcoming Fed meeting. Today's Treasury rates remain largely steady, but the weakened dollar gives equities more support.


The S&P 500 is attempting to regain ground over the 4100 mark. If this effort is successful, the price will move on to the next resistance level, which is around 4115, which is close to daily highs. The S&P 500 will be pushed toward the 4150 barrier level if it moves over 4115. The S&P 500 will go toward the barrier at 4180 if it rises over this point.


A move below the 4100 level on the support side will allow for a test of the support at 4080. The S&P 500 will go toward the next support at the 50 EMA at 4050 if it is able to fall back below this level, which it may do.

Stocks Affected by Commodities Rally

At the start of the week, commodities-related equities are well supported by a surge in the commodity markets.


In today's trade, silver mining companies including First Majestic Silver, Endeavour Silver, and Pan American Silver are up 5–7%.


Exxon Mobil and Schlumberger are two significant oil-related equities that are up while WTI crude is up more than 2%.


The majority of the top tech stocks are trading higher today. With a stock gain of more than 3% and rumors of robust pre-order interest for the iPhone 14, Apple is clearly in the lead.


From a broad perspective, all market categories are rising upward during the present uptrend. Trading participants' appetite for risk is still high despite the S&P 500's gain of approximately 5% in just four trading sessions.


Traders must keep an eye on currency market movements since the S&P 500 is receiving a lot of support from the weak dollar at the moment. Stocks will have a decent possibility of ending the trading session close to daily highs if the U.S. Dollar Index is able to settle below the 108 mark.

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