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Hong Kong-listed Kinsun Technology (09877.HK) surged over 4% in the afternoon after the company announced at midday that it expects its interim revenue to increase by 385% to 400% year-on-year.JPMorgan Chase: Raises its year-end 2026 target for the S&P 500 to 8,000 points, up from 7,800 points previously.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.U.S. senior defense official Colby: The United States has more interests in the Indo-Pacific region than ever before, which means that investment in the region is stronger and growing.ADNOC Gas Division: Increased oil production in the UAE has boosted supply confidence.

S&P 500 Price Forecast – Stock Markets Continue to Worry About Rates

Jimmy Khan

Feb 22, 2023 16:31


Technical Analysis of the S&P 500

The S&P 500 E-mini contract started overnight trading poorly and hasn't been making a lot of sense. Yet, the contract's high level of volatility persists, and as a result, downward pressure is beginning to build. It's important to note that the 200-Day EMA and the 50-Day EMA are located immediately below. Given that they are both rather flat, there may not actually be any momentum.


As it is slightly above the psychologically and structurally significant 4000 level, this may pave the way for a support level to develop in that approximate area. You must keep in mind that earnings season is now underway because it could cause the market to fluctuate. The moving averages and the psychologically significant 4000 level, if we were to break down below them, might drive the futures market and the index itself significantly lower.


It thus creates the chance of a decline down to the 3900 level, where we had experienced some buying pressure. Following that, there comes the 3800 level, which is considerably more significant and will get a lot of attention. When it comes to whether or not the market can save itself, we would be in that general area hanging on by a thread.


The previous two candlesticks have undoubtedly looked pretty bearish, and I think that may have some momentum built up in it. If the market were to flip around and bounce, then it may try to move towards the 4200 level. The minutes from the Federal Open Market Committee meeting, which are released on Wednesday, will undoubtedly also be relevant. This ought to provide traders a good indication of what the Federal Reserve members discussed during the meeting and whether or not there is an overall hawkish mindset or if there are any ice cracks appearing. This will have a significant impact on the market.

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