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The Hang Seng Tech Index surged more than 2% in the short term, with AI application stocks rising across the board. The Hang Seng Index is currently up 0.76%.U.S. State Department spokesperson: U.S. Secretary of State Marco Rubio spoke with Mexican Foreign Minister Juan Ramon de la Fuente on the 11th.On January 12th, following the recent 2026 XPeng Global New Product Launch, XPeng Motors Chairman and CEO He Xiaopeng stated in an interview that XPeng Motors core product lines, including smart cars, Robotaxi (driverless taxis), robots, and low-altitude flying cars, will go global. From 2026 to 2030, the company will fully promote globalization. He Xiaopeng explained that in terms of globalization, XPeng Motors had already entered 60 countries and regions by 2025, and will enter even more countries and regions in 2026. "We will further deepen our local R&D and local manufacturing, bringing more global models to both left-hand drive and right-hand drive markets."January 12 - The State Council Information Office will hold a press conference at 10:00 AM on Wednesday, January 14, 2026, where Wang Jun, Deputy Director of the General Administration of Customs, will introduce the import and export situation for the whole of 2025 and answer questions from reporters.On January 12th, Saul Eslake, former chief economist at Bank of America Merrill Lynch Australia, pointed out that the Trump administrations continued attacks on the Federal Reserves independence are one of the reasons for the decline in short-term interest rates while long-term bond yields are rising. Recent attacks on Powell will continue to impact global long-term interest rates, and Australia will also be affected—meaning that the countrys government debt burden may face further upward pressure.

Bitcoin falls below $19,000 as cryptos creak under rate hike risk

Skylar Shaw

Sep 20, 2022 14:27

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On Monday, cryptocurrency prices hit new lows as a result of regulatory worries and a general investor reluctance to engage in risky assets due to impending interest rate increases.


By market value, Bitcoin, the most valuable cryptocurrency, dropped almost 5% to a three-month low of $18,387.


The second-largest cryptocurrency, ethereum, lost 3% to a two-month low of $1,285 and had lost more than 10% in the previous day. The majority of the smaller tokens had larger losses.


Over the weekend, a significant update to the Ethereum blockchain—which supports the ether token—called the Merge changed how transactions are handled and reduced energy consumption.


The value of the token has decreased amid rumors that comments made last week by Gary Gensler, chairman of the U.S. Securities and Exchange Commission, suggested the new structure would draw further regulation. The upgrades' surrounding trades were likewise unwound.


The regulatory outlook is guesswork, according to Matthew Dibb, COO of Singapore's Stack Funds cryptocurrency platform.


Since the Merge, the markets have shed a lot of their excitement, he said. Given the uneasy global background, he said, "It's truly been a sell-the-news sort of event," and predicted that ether will test $950 in the near future.


"From a basic and technological standpoint, the current situation does not appear promising. There isn't a clear quick positive trigger that will support these markets and inject a ton of fresh cash and liquidity, in our opinion.

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