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The Hang Seng Tech Index rose more than 1%, while the Hang Seng Index rose more than 0.8%.Biren Technology (06082.HK), a Hong Kong-listed company, rose more than 6%, with its revenue projected to grow by 207.2% year-on-year in 2025.J&T Express (01519.HK) shares surged over 12% in Hong Kong, with the company reporting a full-year net profit of US$225 million, a year-on-year increase of 98.2%.On March 31, the yen fell to its lowest level since July 2024 on Monday, prompting Japans top foreign exchange official, Jun Mimura, to warn that authorities might take decisive action in the foreign exchange market if the current situation persists. This followed similar comments from Finance Minister Satsuki Katayama on March 27 when the exchange rate closed above 160. According to data from the CME Groups central restricted order book, the most actively traded May put options saw more than three times the volume of the most actively traded call options on Monday. Mukund Daga, global head of foreign exchange options at Barclays in London, said, "Hedge funds have shown some interest in USD/JPY options as a way to hedge against potential intervention that could lead to a sharp decline in the exchange rate." He noted that trading activity was concentrated in the short-term structure, "which suggests that the market is focused on near-term event risks rather than a broad directional shift."March 31 – The "Measures for the Exchange of Damaged and Defaced Renminbi" issued by the Peoples Bank of China officially came into effect today. These measures, for the first time, systematically clarify the criteria for defining damaged and defaced Renminbi, clearly delineate the boundaries between convertible and non-convertible banknotes, and further detail the exchange procedures. Exchange services will be handled free of charge by financial institutions designated by branches of the Peoples Bank of China.

The E-mini Dow Rises Over 33357 and Falls Below 33198

Cameron Murphy

May 05, 2022 10:31


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The June E-mini Dow Jones Industrial Average futures are trending upward just ahead of the US Federal Reserve's monetary policy and interest rate announcements on Wednesday. 


A surge in US Treasury rates, as well as a widely predicted interest-rate hike by the Fed, which might be the largest since 2000, are helping to limit gains.


June E-mini Dow Jones Industrial Average futures are trading at 33161, up 128 points or 0.39 percent, at 17:09 GMT. The SPDR Dow Jones Industrial Average ETF (DIA) is now trading at $332.33, up $1.08 or 0.33 percent from its previous close.

On-Demand Federal Reserve

At 18:00 GMT, the Federal Reserve will deliver its policy statement. Fed members have telegraphed a two-pronged decision that would raise the Fed's short-term target policy rate to a range of 0.75 percent to 1 percent while also kicking off a strategy to reduce the $9 trillion balance sheet.